To put it bluntly, the Fed's recent interest rate cuts are intended to "suck" all the world's money into the US market, and then raise prices to make a fortune. They have been using this trick for decades, and have indeed harvested a lot of countries. This time, they have set their sights on countries such as Lebanon, Ukraine, and Argentina, which have not had good economies to begin with, as well as "fellow sufferers" such as Japan, South Korea, and Southeast Asia, and even some European brothers, all of which have been "harvested" by them. Even Russia's overseas assets have not been spared, and those Chinese who pursue their dreams of America are also happy and sad.
The Americans originally wanted to have a "grand slam" against China, but we directly came up with a "you lower, I stabilize". Not only did the RMB not fall, but it stood more firmly, and the road to internationalization became wider and wider. This really pissed off the Americans. For decades, they have been trying to short the RMB, but they have failed every time; they wanted to get some benefits from China's pockets, but in the end they found that they were the "lonely" harvesters.
The US's interest rate cuts, on the surface, "harvested" the world, but in fact, they "played themselves out". They thought they could "harvest" the world by lowering interest rates, but ended up "harvesting" themselves. Because they forgot that China is no longer the "little sheep" that can be slaughtered at will. China's economic development is moving forward steadily, and the process of RMB internationalization is accelerating. It is wishful thinking for the United States to "harvest" China by lowering interest rates.
China, why is it so unconventional? I give full marks for this operation!
This time, the Americans' "harvest" plan finally failed. They wanted to "harvest" the world by lowering interest rates, but ended up "harvesting" themselves. This really proves the old saying: You can't live if you do evil.