Conspiracy Theory Stalks China-US Financial Relations
January 25,2008

by CSC staff

As the US subprime crisis has deepened and, since the beginning of this year, begun to affect China’s economy, the Shanghai stock market has slumped while international markets have seen a loss of $7.5 trillion. Is it any surprise that some people, looking over their shoulders, under their beds and behind their doors, begin to wonder whether this isn’t another American conspiracy. Even the odd senior researcher in one or another of China’s most internationalized banks is beginning to cautiously breathe “Conspiracy Theory” to explain the arcane policies of Wall Street, the Federal Reserve and US Treasury. Is it catching?

There can be little doubt that the this fey mood has been encouraged by the vast and worldwide popularity of The Da Vinci Code, Dan Brown’s conspiracy extravaganza, published in 2003, together with the 2006 movie based on it. Far too many readers actually bought its fanciful premise, despite earnest debunkings from almost every respectable quarter. These days, the subject, at least in China, has changed, and “financial conspiracy theory” and “wars of currencies” are sweeping the nation.
Much of this stems from a slight work titled Currency Wars, written by Song Hongbin, a Chinese American scholar, published in China by CITIC Press in May, 2007. According to the press, the book has now gone through 10 printings, reaching a total of 600,000 volumes.
According to Scholar Song in his book, starting in the age of Napoleon, a small group of European bankers began to grow strong, and they gradually gained control of the central banking systems of the UK and the continental countries, later moving across the ocean to America. They played a leading role in setting up a global financial system based on a privately-owned Federal Reserve and international mega-banks. By secretly establishing a wide web of politicians, financiers and media moguls, they grabbed onto huge wealth and are ever working to found a unified global government and currency, which they will, of course, control.