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China Must Let the Yuan Devalue to 6.50 As Soon As Possible. [Copy link] 中文

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Post time 2014-12-8 16:13:29 |Display all floors
This post was edited by abramicus at 2014-12-8 16:20

Enough of the fairy tale about revaluing the Yuan until it is the most expensive currency, as a mark of greatness.  This is nonsense.  All it does is to use up China's foreign currency reserves to buy Yuans that have no intrinsic worth to China as it can print them for peanuts, and allow the Japanese to earn an equivalent amount of dollars by repatriating their investments from China, and by exporting to China and the countries where Chinese exports currently have a major market share.  It supports the Japanese Wehrmacht that is using up billions of dollars worth of foreign reserves earned from China to stock up on the most advanced weapons money can buy, against China.  That is a more likely reason why Japan is in recession in spite of the largest devaluation of its currency and money printing it has done since the end of WWII.

Japan appears to be moving swiftly into a war economy, and China better defend itself fast, by devaluing the Yuan to stop Japan from completing its militarization.

Abe has declared a snap election that is supposed to give him and his fanatically war-loving hawks another 4 years in office.  A rapid devaluation of the Yuan by letting market forces do it in short order will expose to the Japanese people the total bankruptcy of Abe's economics and military misadventurism.  This is the best time to defeat the Japanese ultra-nationalists and militarists in the election!

Is the Chinese ambassador to Japan asleep, or drunk?  He should be protesting the PBOC for its monetary policy that works like hand in glove in handing to Japan all the billions of dollars it needs to remillitarize itself against China.  And protest now!

China's exports dropped by some 6% compared to October, even though import costs also dropped and even more due to the oil price war going on.  But in real terms, the Chinese economy, both in its export market, and in its domestic market, has shrunken, as predicted based on the irrational revaluation of the Yuan.  The PBOC should be banned from buying Yuans in the open market with hard earned foreign currencies, as that is a total wastage of the public's savings.  We must bear in mind that the amount of dollar-denominated debt incurred by Chinese banks and businesses had doubled in the past 2 years, to 1.1 trillion dollars as of October 2014, so China cannot count its foreign currency reserrve as 3.9 Trillion dollars anymore, but more like 2.8 trillion dollars, which is a large drop by any standards, and which will continue to worsen as it vainly tries to revalue the Yuan ever higher.  In Chinese, there is a saying about a sycophant piling up ashes for his boss to stand on, and that pile of ashes are the dollars being burnt right now to buy up hundreds of billions of Yuans with.



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Post time 2014-12-9 15:20:11 |Display all floors
TIME FOR CHINA TO LET THE YUAN EXCHANGE RATE DROP TO 6.30 TODAY, 6.40 TOMORROW, AND 6.50 BY THURSDAY/FRIDAY - IT IS A RACE AGAINST TIME TO SINK THE JAPANESE MILITARY MACHINE BEFORE THE JAPANESE ELECTION ON DECEMBER 14, 2014 - TIMED TO THE ANNIVERSARY OF THE RAPE OF NANKING ON DECEMBER 13, 1937 - 77 YEARS AGO.

SELL 3 TRILLION YUANS AND BUY UP DOLLARS BY DECEMBER 12, 2014!!!

WHAT BETTER WAY TO REVIVE CHINA'S FALTERING ECONOMY AND COLLAPSE JAPAN'S MILITARY ECONOMY BEFORE THE 77TH ANNIVERSARY OF THE RAPE OF NANKING!

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Post time 2014-12-10 14:53:53 |Display all floors
CHINA'S LEADERS SHOULD AVOID READING 99% OF THE WESTERN ANALYSES OF WHY CHINA'S GROWTH IS STALLING AND HOW TO REVIVE ITS ECONOMY.

THE CAUSE IS NOTHING ELSE THAN THE HARMFUL REVALUATION OF THE YUAN BY THE PBOC, WHICH MUST HAVE USED CHINA'S HARD-EARNED DOLLARS TO BUY UP YUANS, EFFECTIVELY CANCELLING A VALUABLE IOU FROM THE WEST, FOR A PIECE OF PAPER IT COULD HAVE PRINTED ON ITS OWN FOR ALMOST NOTHING.  THE PBOC MUST BE STOPPED FROM USING CHINA'S DOLLAR RESERVES TO BUY YUANS, PERIOD.

SECONDLY, LOWERING THE INTEREST RATE IS NOT THE BEST SOLUTION, BECAUSE IT TRADES INFLATION FOR RECESSION.  STOPPING THE PBOC FROM USING ITS DOLLAR RESERVES TO BUY UP YUANS IS SUFFICIENT AND NECESSARY, PERIOD.

WHEN JAPAN SIMULTANEOUSLY DEVALUES THE YEN, THE NET RESULT IS A TRANSFER OF CHINA'S LOST INCOME INTO JAPAN'S EXTRA INCOME.  THIS IS A SCAM THAT MUST BE ENDED, BEFORE JAPAN USES THIS ENORMOUS WINDFALL OF HUNDREDS OF BILLIONS OF DOLLARS OF LOST CHINESE INCOME AND DOLLAR RESERVE WASTAGE TO BUY THE MOST EXPENSIVE ARMS IN ORDER TO DEFEAT CHINA WITH IN THE FUTURE.

BY SAVING CHINA'S MANUFACTURING THROUGH DEVALUATION, CHINA'S LEADERS CAN ALSO DEFEAT JAPANESE MILITARISM AT THE SAME TIME - SO WHY NOT?  

THE YUAN MUST DEVALUE TO AT LEAST 6.50 YUAN/DOLLAR.

PREFERABLY, TO 7.00 YUAN/DOLLAR.  THE SOONER THIS IS DONE, THE EASIER IT IS.  AND THE MORE IMPACT IT HAS!

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Post time 2014-12-10 14:58:47 |Display all floors
CHINA'S LEADERSHIP SHOULD AVOID LISTENING TO 99% OF WESTERN ANALYSES OF WHY CHINA'S GROWTH IS FALTERING AND HOW TO REVIVE IT.

THE CAUSE OF THE RECESSION IS THE OVERVALUATION OF THE YUAN.

THE SOLUTION IS THAT THE PBOC MUST BE PREVENTED FROM USING CHINA'S HARD-EARNED DOLLARS TO BUY YUANS THAT WOULD HAVE COST IT NOTHING TO PRINT.

THE LOST INCOME OF CHINA FROM EXPORT TRADE AND DOMESTIC SALES BECOMES THE EXTRA INCOME OF JAPAN, IN DOLLAR TERMS, WHICH IT CAN USE TO BUY THE MOST EXPENSIVE WEAPONS TO ATTACK CHINA WITH.

THE YUAN MUST BE DEVALUED TO 6.50 AT THE LEAST, AND BEST TO 7.00 YUAN/DOLLAR.

THIS WILL STRENGTHEN CHINA AND WEAKEN JAPAN IN ONE STROKE.

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Post time 2014-12-12 11:31:19 |Display all floors
This post was edited by abramicus at 2014-12-12 11:34

WESTERN MEDIA IS HYPING UP THE YUAN AND TALKING DOWN THE YEN IN SUPPORT OF ABE AND HIS GANG, 2 DAYS BEFORE THE JAPANESE ELECTION, AND WHAT IS CHINA DOING?

NOTHING, OR WORSE THAN NOTHING.

THE PBOC IS MAINTAINING "STABILITY" BY INTERVENING TO REVALUE THE YUAN WHEN THE MARKET IS DEVALUING IT, WHEN IT SHOULD JUST STAY PUT, AND LET THE MARKET DRIVE THE YUAN DOWN TO ITS TRUE WORKABLE EXCHANGE RATE OF 6.50 YUAN/DOLLAR.

INTERVENING TO REVALUE THE YUAN IS EQUIVALENT TO HELPING JAPAN CAPTURE THE LOST INCOME FROM CHINA'S FALLING EXPORTS AND FAILURE TO STIMULATE CONSUMPTION OF ITS OWN PRODUCTS WHICH ARE OVERPRICED IN YUANS COMPARED TO JAPANESE IMPORTS.  THIS KIND OF SCAM IS THE MOST SOPHISTICATED TYPE, BECAUSE IT TRANSFERS FUTURE INCOME FROM CHNA TO JAPAN, AND WILL NOT BE NOTICED IN THE SPREADSHEETS THAT MONITOR PAST INCOME AND PAST SAVINGS.

IT IS SAD THAT CHINA IS BEING SUNK BY ITS OWN FOREIGN CURRENCY RESERVES THAT ARE BEING WASTED AND SPENT IN BUYING BACK YUANS THAT COST IT NEXT TO NOTHING TO CREATE.  THIS IS WHAT REVALUATION OF THE YUAN REALLY MEANS, AND HOW IT REALLY WORKS.   FOR NOW, MANY FOREIGN SPECULATORS HAVE PILED INTO THE SHANGHAI STOCK EXCHANGE TO BUY UP STOCKS AND CREATE A DEMAND FOR THE YUAN.  THIS IS A SPECULATIVE ATTACK ON CHINA'S CURRENCY, BY SPECULATING THAT CHINA'S STOCK MARKET WILL BENEFIT FROM THE PBOC LOWERING INTEREST RATES FURTHER, INCREASING THE MONEY SUPPLY OF CHINA, WHEN IN ACTUALITY, ALL THE PBOC HAS TO DO IS STOP BUYING UP YUANS FROM THE MARKET, AND THE EXISTING SUPPLY OF YUANS WOULD HAVE DRIVEN THE EXCHANGE RATE DOWN TO 6.50 OVERNIGHT.

HAVE NEVER SEEN SUCH AN EXERCISE IN FUTILITY AND STUPIDITY IN ALL THE UNIVERSE OF FINANCE.

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Post time 2014-12-12 11:58:11 |Display all floors
This post was edited by abramicus at 2014-12-12 12:01

China's Foreign Currency Reserve Is No Longer $4.1 Trillion Dollars . . .

How about a shocking net of $2.4 Trillion Dollars Only?

Where are the missing $1.7 Trillion Dollars?

Wake up!  

Somebody is dipping into China's piggy bank with a big shovel.  Nearly $200 Billion Dollars was lost to capital flight in the past 3 months.  And the rest of the $1.5 Trillion Dollars was collateralized to foreign banks as Chinese businesses, banks and barons borrowed Dollar-Denominated Debts of this amount over the past 3 years.  This is classic technique for capital flight as well - first, borrow dollars that are then parked abroad, then allow the corporation in China that borrowed the money to default and be liquidated - net result is money sent abroad as dollars, and money lost at home as yuans.  And the PBOC is not yet devaluing the Yuan, allowing the capital flight artists to get the most Dollars from China's currency reserve for every Yuan they use as collateral to borrow the dollar-denominated loans with.

China is a PITIFUL country now, having lost $1.7 Trillion hard-earned dollars with NOTHING TO SHOW FOR IT.



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Post time 2014-12-12 12:46:01 |Display all floors
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