Core Insights - The article argues that the true driver of the global economy is the US dollar, not institutions like the UN or IMF, and highlights a pattern of financial exploitation by the US over the past three decades [1] - It emphasizes that the US engages in financial manipulation rather than genuine economic development, leading to repeated crises in countries like China [1][14] Group 1: Historical Context - After the 2008 financial crisis, the US implemented significant quantitative easing (QE), injecting over 60% of new dollar liquidity into global markets, which caused commodity prices, including oil, to surge dramatically [3][5] - China, as the largest importer of raw materials and energy, was particularly affected by these price increases, leading to inflationary pressures [5][6] Group 2: Economic Impact - The influx of dollars led to "input-type inflation" in China, where local manufacturers faced rising costs while trying to compete in a global market dominated by US monetary policy [6][12] - The US's strategy of withdrawing liquidity through interest rate hikes and QE cessation resulted in a sharp decline in oil prices, adversely impacting exporting countries and leading to production overcapacity in China [8][14] Group 3: Dollar's Global Role - The dollar's status as the global reserve currency allows the US to dictate terms in international trade, particularly in commodities like oil, which must be purchased in dollars [10][12] - The US's financial maneuvers not only affect its own economy but also have significant repercussions for other nations, particularly those reliant on exports and foreign investment [12][16] Group 4: Strategic Implications - The article outlines a three-step process of financial exploitation by the US: first, through liquidity and commodity price manipulation; second, by compelling foreign entities to invest in US debt; and third, by leveraging this debt to gain influence over foreign infrastructure and policies [16] - The US's military presence and financial dominance serve as a strategic tool to maintain its economic hegemony, effectively isolating nations that challenge its authority [16][18] Group 5: Future Considerations - The article concludes that China must reassess its economic strategies and not solely focus on GDP growth, as financial warfare poses a significant threat to its industrial base [18][20] - It advocates for a shift towards reclaiming economic sovereignty and reducing dependency on the US dollar to prevent future crises [20]