Views: 888|Replies: 0


Rank: 8Rank: 8

Post time 2014-9-16 12:00:34 |Display all floors
The perfect way to bypass the Grinches at the PBOC who are hellbent on giving China a tearful Christmas of 2014, by overvaluing the Yuan, is for Xi to order as executive diplomatic privilege, to issue to the Central Bank of the Republic of Scotland (CBRS) a tranch of 800 billion Yuans, at a very low interest rate of 1% per annum, payable in 10 years.

With this money, the CBRS will begin to purchase US dollars, Euros and Japanese Yens with it, causing the Yuan to devalue.

At the same time, the oversupply of Yuans in the global market will eventually cause its holders to redeem them for Chinese goods and services, to avoid any further losses due to Yuan depreciation, thereby boosting China's exports.  Since the money flowing into China would be denominated in Yuans, not dollars, this would directly boost domestic production, which leads to higher salaries, and increased domestic consumption.  Helping Scotland import thus helps China export, while both countries also increase domestic production, which is a win-win situation.  After ten years, Scotland would not need the Renminbi as its reserve, and China's economy would have been resurrected from its near death condition of today.

All it takes is the extension of a low interest loan denominated in Yuans to the new Central Bank of the Republic of Scotland.

Use magic tools Report

You can't reply post until you log in Log in | register

Contact us:Tel: (86)010-84883548, Email:
Blog announcement:| We reserve the right, and you authorize us, to use content, including words, photos and videos, which you provide to our blog
platform, for non-profit purposes on China Daily media, comprising newspaper, website, iPad and other social media accounts.