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Reply #30 caringhk's post
If that FAT LADY loves the smell of fresh, crisp new Rmb notes, then China must progress further!!!|
Small entities like Hong Kong, Taiwan, Korea, Hong Kong and Malaya needs to have either a full CURRENCY BOARD SYSTEM or a PARTIAL forex horde backing!
it's 100% for Hong Kong, Singapore, Taiwan.
While Korea and Malaya we have 50% backing or less!
it's strange that CHINA behaves like a small state such as Singapore!
I think it was the BAD OLD DAYs of "barrel of the gun policies" which makes people BOLT!
example, the FAMOUS swim to HONG KONG, the FIGHTER PILOT dash to TAIWAN.
only in poor buffer states of Mongolia, North Korea, and the high mountains of Himalaya, Chinese do not bolt!
BOLTing is a common human nature, the lure of a better life!
in modern days, FEAR living in TYRANNICAL REGIMEs causes the same!
it's called FLIGHT CAPITAL.
Big power always sought to install such regimes in small states to make their empire, nation become attractive!
(that's how GERMANY manage to get Mr. Hitler installed, and Mr. Mussolini in Italy - national socialist types!)
I find it AMAZING when politicians discuss about government defisit spending, wonder whether they are still in biblical age, or in the ancient China times! (both Pakatan and Barisan politicians gives me the chills!!!!!)