The West is greeting the widening of the trading band of the yuan with glee. They want more, they want the yuan to be traded freely like the greenbacks and other currencies. They also want the Chinese to open up their stock markets and allow the western funds to move in and convert the trading system to those of the West, particularly the Wall Street model. The bottom line, they want the Chinese stock markets to trade derivatives, fakes and worthless papers instead of real stocks.
The loosening of control of the yuan, to become freely convertible to foreign currencies and to be at the mercy of the currency manipulators is the biggest danger China is facing. It is under tremendous pressure from the West to allow the West to do as they like, as they please with the value of yuan. When that day comes, the West will buy up the yuan with toilet papers that they printed in unlimited quantities and will use the yuan to control the Chinese economy. China will then be at the mercy of the Western financial oligarchs working in collusion, and be controlled by them. They could bankrupt China at will by their complicated financial products and manipulations and the extensive network of financial players working hand in glove together. It will be a bloodless war that will destroy China in the name of free market.
The other major front is the stock markets. The western stock markets have been transformed into an unrecognisable monster and are stock markets only in name. The stocks will eventually all be worthless if the stocks listed in western model stock markets are a clue to what is happening. Many stocks are trading for one or two cents or less. What kind of stocks or stock markets would trade on such worthless stocks? There is no interest in the real stocks but in toilet papers printed with the words stocks or derivatives or other financial jargons. The base point is that they worthless and are not stocks but stock killers.
While China is in a hurry to develop its own financial and stock markets, it must not be conned into accepting the western model of stock market system and mechanism which are nothing but contrived legalised casinos with gambling chips printed with money value on them. The fundamentals of stock trading have been flushed down the toilet bowl and the substitutes are not stocks but meaningless and worthless scrips of papers, fakes.
China should go slow, develop its own stock markets based on traditional principles and conventional system, where the fundamentals are right. There is no hurry to rush into a system of madness that is unsustainable and is being kept alive not unlike a ponzi scheme. It looks good superficially but has no real value add like what real stocks are. It is the greatest con job of modern history. And like all con jobs, the bluff will be called and the system will collapse, if it has not collapsed already.
China must conscientiously guard against being duped into a freak financial system that is waiting for self destruction. If China should stupidly appease the West and unthinkingly embrace the western financial system, it will help the flawed system to extent its life a little longer at its expense, maybe giving it a semblance of rapid growth for a while, like a flash in the pan, and everything will be blacked out in quicker time, with a bigger bang.
The collapse of the western financial system is near, given its unproductive and destructive mechanism and the unjustifiable high rewards for doing nothing constructive, useful or productive. And when it falls apart, hopefully China is not another sucker being sucked into it and pay as heavy a price as the decadent West. The fundamentals of economic growth are production, productivity, creation of goods, values and real services. The western model is not any of these. It is just paper shuffling, financial engineering or tricks, accounting frauds, a complex system of unproductive con jobs. It produces nothing of value. It is conning one sucker after another to prolong its existence and delay its final ending. It cannot keep going without real economic growth and production.
China should just go on its own steam, doing what it thinks is right, keep producing valued goods for the world, and frustrate the modern day robbers and thugs and not be robbed by them. Do not fall into their trap by playing a game that the crooks have designed.
Chinas biggest danger is its lack of individual rights and liberties for her people.
ReplyDeleteEverything else is secondary.
After feeding you with lies and more lies, you are still not able to remove the lies from your thick skull.
ReplyDeleteYesterday I heard over CNA and the reporter proudly and convincingly pronounced that North Korea is one of the most poverty striken country in the world. And she said this after some CNA reporters were invited to North Korea and came back with many video clips of ordinary citizens on the streets, all well fed and well cloth. Compare them with Africa and even South Asian or Asean, the North Koreans are very much better off. And their farms are all of immense size, benefitting from the economy of scale, and the infrastructure are well laid out. There is hardly any signs of poverty that exists in the minds of the western converts. They see and hear what they wanted to hear and say what the West told them to say.
The scale of their national day celebration dwarfed what we have here and the well uniformed and clothed participants, the armoury, and they are proclaimed as one of the poorest in the world.
My toes are laughing.
And believe me, the Chinese have more individual freedoms than Sinkies. They can protest and go after their corrupt officials publicly. They demonstrate whenever they want other than the Tian An Men type which we will also put down, and so will the Americans.
After feeding you with lies and more lies, you are still not able to remove the lies from your thick skull. Yesterday I heard over CNA and the reporter proudly and convincingly pronounced that North Korea is one of the most poverty striken country in the world. And she said this after some CNA reporters were invited to North Korea and came back with many video clips of ordinary citizens on the streets, all well fed and well cloth. Compare them with Africa and even South Asian or Asean, the North Koreans are very much better off. And their farms are all of immense size, benefitting from the economy of scale, and the infrastructure are well laid out. There is hardly any signs of poverty that exists in the minds of the western converts. They see and hear what they wanted to hear and say what the West told them to say. The scale of their national day celebration dwarfed what we have here and the well uniformed and clothed participants, the armoury, and they are proclaimed as one of the poorest in the world. My toes are laughing. And believe me, the Chinese have more individual freedoms than Sinkies. They can protest and go after their corrupt officials publicly. They demonstrate whenever they want other than the Tian An Men type which we will also put down, and so will the Americans.
ReplyDelete