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I am not against China government or American government. These 2 governments have very intelligent leaders. |
I am amazed the kind stupidity things Deng did in desperation to create millions of jobs for poor chinese, by implementing ultra low Yuan policy designed by Kissinger, which is part of the Petrodollar hegemony future plans to become global reserve currency, starting 1974-76, immediately after the Arab oil embargo.
See below found in the internet search. Your critical analysis are welcome.
HOW A RETIRED MALE AMERICAN OR BRITISH MILLIONAIRE CAN HAVE POOR MAINLAND CHINESE GIRL FOR FREE ?
I got this from an internet forum in 2008.
There is this American guy sick who is tired of finding good white girls at home decided to move to China in 2006 to try his luck.
He bring USD1 million to China and stay mostly in Shenzhen and sometimes travel to other China cities.
In 2006, 1USD = 7.9 Yuan, therefore he have 7.9 million Yuan to spend as he please in China. He planned to live in China until 2016 (about 10 years).
His simple expenses are as follows : (for 10 years)
FOOD = 100 yuan/day X 365 days X 10 years = 365,000 yuan
RENT = 1000 yuan/month X 12 X 10 years = 120,000 yuan
TRANSPORT = 50 yuan/day X 365 days X 10 years = 182,500 yuan
MISCELLANOUS = 50 yuan/day X 365 X 10 years = 182,500 yuan
CHINESE GIRL = 2000/month X 12 X 10 years = 240,000 yuan
TOTAL (10 years) = 1,090,000 yuan
In 2016 his balance money not used in China = 7,900,000 – 1,090,000 = 6,810,000 yuan
In 2016, 1 USD = 6.6 Yuan, therefore his 6,810,00 yuan = USD1,031,818 which he bring back to America after enjoying life in China travelling by backpacking and sight seeing on economy, including having Chinese girls as sex companion.
If this smart American guy put his USD1 million in a US bank and live in America instead, he will be screwed by US Federal Reserve and suffered a lot of pain in the ass, for his USD1 million will be reduced to less than USD 1 million due to Fed Zero Interest Rate Policy (ZIRP) from 2008 – 2016.
Can the smart American can repeat the same thing again from 2016 – 2026 ?
How can Deng employ stupid Chinese economist who do not understand a single thing about foreign exchange rate and what are the factors that determine the country currency ?
This ultra low Yuan policy is the biggest blunder make by Deng leadership. It is going to lead to nuclear Armaggeddon in the friction with US.