Author: abramicus

THE DATA IS IN AND THE TRUTH IS OUT + YUAN EXCHANGE RATE SINGULARITY IS AT 6.150 [Copy link] 中文

Post time 2014-9-1 11:57:35 |Display all floors
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Post time 2014-9-1 19:26:35 |Display all floors
How can China's economy rebound when it is held down by 3.5 Trillion Dollars of foreign currency reserve that is being used by the People's Bank of China to buy up the Renminbi/Yuan until it is overvalued versus the US dollar?

What right does the PBOC have to put a choke hold on the manufacturing sector of China until it dies?

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Post time 2014-9-2 04:36:29 |Display all floors
abramicus Post time: 2014-9-1 05:26
How can China's economy rebound when it is held down by 3.5 Trillion Dollars of foreign currency res ...

Because it failed to nurture a domestic market for its 'export goods', or cultivated new foreign markets (regardless of the amount of money poured overseas).  It still lives and dies on North American and European markets, period.
China's Eccentric 'Uncle Laowai' from Chicago, IL

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Post time 2014-9-2 04:37:40 |Display all floors
jordan_c_fan Post time: 2014-8-31 21:57
The Yuan works like this. Singular:  Yes.

Plural or Poor:No.  

Sorry... but every shell game has an ending - which does have a habit of biting back on the one that conducts it.
China's Eccentric 'Uncle Laowai' from Chicago, IL

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Post time 2014-9-2 11:08:13 |Display all floors
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Post time 2014-9-2 12:04:31 |Display all floors
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Post time 2014-9-2 12:13:44 |Display all floors
tradervic Post time: 2014-9-2 04:36
Because it failed to nurture a domestic market for its 'export goods', or cultivated new foreign m ...

Did I hit one of your imperial nerves?  Well and good.  These British and Western-trained Economic Hitmen now inside China's central monetary authority need to be fired . . . immediately . . . for sabotaging the economic reforms and growth of China, by misusing the hard earned foreign currency reserves of China to suppress Chinese manufacturing by revaluing the Renminbi.

To add insult to injury, these Economic Hitmen now in positions of unassailable authority use China's hard earned dollar reserves to buy up the Yuans in the currency market, in order to overvalue or revalue the yuan, causing China to pay twice for their mischief.

It is time that the PBOC be made accountable to the people, and not just to a few superiors who turn a blind eye to their gross wastage of China's hard earned foreign currency reserve to buy back Yuans that are worth to China no more than the paper they are printed on.  This is so ridiculous as to be insane and stupid.

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