6th printing in two months, sales breakthrough 100,000 copies, still in short supply, — the book “Currency war” in the financial services sector has brought spotlight.
Mr. Hongbing Song, the writer, has become famous over night, is a polite, rather quiet middle-aged man. A man is wearing shirt and glasses who seems to be an ordinary man and can be seen everywhere in the streets.
“Totally did not expect this book so popular,” Song’s answer is clearly in people’s expectations, “only thought few people who interest in finance and the economy, such as economics students would be interested in this book, as this book is very professional, 80% of the content is about the western history that is at least 300 years, 200 years ago…we have never expected so many people would like it….”
Song said, because I am not a professional writer, the position of the book is vague even before publishing. Writing occurred in the course of the evolving perspectives of the situation – sometimes to stand on the general public perspective, writing in the exciting; sometimes is from the imperial court high position, frustration or even suppressed Writing currency warfare the essence of struggle.
Hongbing Song was born in Sichuan Province in 1968 and graduated from North eastern University, major in automatic. He has worked in marketing and selling golf membership cards and matching villas for two years. In 1994, he studied in the American University (AU) and obtained a master’s degree, during the study, he chose a variety of elective courses, “learning what I am interested. Such as information security, the real estate industry, education, press, and the financial history of the United States, a lot of miscellaneous things, but feel have not learned anything. “”I have chose economics courses in school, however, I gain more financial knowledge in the work and personal interest is accumulated.”
In 1996, after graduating from American University, Song started his career in the United States. After graduation he works in a medical and health company, doing the technical aspects of information security; transferred to the telecommunications industry in similar work, and then enter the United States the second largest US mortgage company premises. In this company, Song access to the U.S. financial derivatives industry, in the final accounting system, designed for users of products such experiences influence their writing “Money war” the most profound reasons.
“In this work, we must pull all the opinions of others, eventually setting parameters, write formula, and make it stylized. In 2002, while I work in there, it is the rapid development of financial derivatives when social and forcing themselves to work on the painstaking effort. ”
This study has Song eventually found financial derivatives with the current direct link between the economic, financial instruments that he and all forms of external exploring the bankers preferring the fundamental methods, the importance of silver and gold.
It can be said that the work premises and the United States from 2005 to 2007 in the first big financial institutions’ work experience, completed Song from the financial derivatives industry designers to decrypt the sublimation.
After reading “Currency war”, pragmatist readers would just go straight to buy Gold if anyone asks what role this book plays, it promotes directly gold prices.
Song is not denying his view – all Chinese families should produce 3% -5% of revenue to purchase gold in kind, to add their wealth with insurance, because when real turbulence come, we can guarantee wealth, rather than any government-issued letter with notes. In fact, when the government trusted, issued currency is valuable, and when the government was not strong sense of trust, it will devalue the currency, or even worthless.
Song is supporting gold which spot another point is, the dollar’s crisis has already begun, and in the next 10-20 years the outbreak. “If two or three years ago that I am advocating the purchase of gold, also expressed doubt, now has no objection, we have actually seen a decline in the purchasing power of money, especially in the United States, excessive consumption of junk currency and the results so that all material prices, and residents there is not much revenue raised. ”
For future work, Song said he is preparing for “Currency war countermeasures China Chapter” and “Currency war – Euro” part.
Source: thechinaweekly
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