Author: abramicus

THE PBOC MUST DEVALUE THE YUAN FASTER THAN ITS SNAIL PACE TODAY [Copy link] 中文

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Post time 2015-1-3 20:33:12 |Display all floors
This post was edited by abramicus at 2015-1-3 20:39

2015 - THE YEAR THAT THE CHINESE TITANIC WILLINGLY CRASHES ITSELF AGAINST THE ICEBERG OF ITS MOUNTAIN OF FOREIGN CURRENCY RESERVES,  THAT WILL PULVERIZE ITS MANUFACTURING SECTOR TO SMITHEREENS.

China, due to the machinations of the economic hit men, is on the verge of its Greatest Leap Backwards, as factories close, workers are laid off, and foreign-currency denominated loans taken out by these factories come due and default.  The ballooning of foreign-currency-denominated loans to a whopping 1.5 trillion dollars in two years from nothing is symptomatic of prescient manufacturers preparing for the largest state-sponsored bankruptcy of Chinese industry, as by taking out foreign-currency denominated loans and not transferring such amounts into China but instead, parking them abroad, they can in effect save their equity positions, while allowing their doomed factories to become insolvent.  Of course, corrupt officials are using the same high yuan exchange rate to get the most dollars out their "hard earned Yuans".



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