Author: 468259058

What's inflation? [Copy link] 中文

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Post time 2011-8-30 05:22:13 |Display all floors
5:11 on China's east coast and you're going to sleep again?
why waste the early morning, Sun should be up soon.

Or are you tired again?
您买象牙 - 您杀了大象!
http://v.youku.com/v_show/id_XNjU1Nzg0NDky.html - “用现代文明标准比划中国人,是严重的种族歧视行为。”
„Ich ficke wo, wen, und wann ich will, hast du mich verstanden. Auch du könntest ficken, aber du kannst es ja gar nicht, deine deutsche Genauigkeit... verbietet es dir“. Jean-Claude Juncker

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Post time 2011-8-30 10:50:54 |Display all floors
Would our lovely government officials in National Bureau of Statistics (NBS), or Tong-Ji-Ju, forge such type of formula to fool Chinese people?

Although China's inflation is not severe compare with the situation in 1990s, why do Chinese people complain much more than before? It's because the food price is soaring this time. It's nothing more if China's government controled the food price. One government official from NBS said in Jilin university this month.

hahahaa..Do you agree with our lovely official's theory?

[ Last edited by 468259058 at 2011-8-30 05:00 PM ]
our life is full of sunshine

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Post time 2011-8-30 10:52:37 |Display all floors
Before 2000, most of Chinese people had savings, not debts. They had suffered loss in savings during hyperinflation, but they still have savings.
After 2000, a large amount of Chinese people, especially young Chinese, have debts, not savings any more. They would have more fears in hyperinflation.

Before 2000, the land was free; many children education cost was nearly free; many medical cost was nearly free; etc. Chinese people still have a sense of security based on free government service.
After 2000, the government charged more and more in land cost; government charged more and more in education service; etc. Now Chinese people would have to rely on their families and themselves in hyperinflation. They have much less sense of security.

Before 2000, most of companies were not privatized. Most of Chinese still have a stable job.
After 2000, Most of local government-owned companies were privatized. Chinese workers would be fired at any time. It would be a disaster for a guy in hyperinflation.
our life is full of sunshine

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Post time 2011-8-30 10:53:54 |Display all floors
Why did our lovely officials not have the same feelings with the rest of Chinese?

Our lovely government officials live in a special system created in Deng Xiaoping's reform, especially after 2000. They still enjoy too many free government service today. They know little about the happiness and the suffers of the rest of Chinese. From time to time, they have to decipher the way of life of the rest of Chinese by daydreaming.
our life is full of sunshine

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Post time 2011-8-30 10:54:13 |Display all floors
What's the solution?

Please cancel the special exclusive social system for government officials. Let government narrow the government service gap between the officials and the rest of Chinese, not widen any more.
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Post time 2011-9-1 22:55:53 |Display all floors
Total lending by banks in 2011 = 18 trillion yuan.

If this kind of lending doesn't cause runway inflation, I don't know what can ? and most of this lending goes to property speculation.

http://business.asiaone.com/Busi ... 0110901-297286.html

China's banks have been lending freely since the financial crisis. They're not the only ones. Companies, ill-understood trusts and even individuals have joined in the frenzy, pushing China's estimated credit growth this year to more than twice the official target.

Fitch Ratings has developed its own broader measure. It predicts total lending in 2011 of 18 trillion yuan, compared to an official 7 trillion target. But even that, Fitch warns, is probably too low.

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Post time 2011-9-2 07:10:34 |Display all floors
Money over supply : the major cause of the present inflation


some government officials began to admit money over supply is part of the causes
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