hello bigs, a small revaluation (1-2%) would be a nod, as opposed to a large revaluation (3%+), which would be a blink.
I do not see that China has either (i) the imperative to blink, or (ii) the pre-requisit financial strength to blink.
... with me, it does not followed that dollar would gain sustainable strength against other currencies, AND the RMB would gain sustainable strength against USD, until we are nearing the end-game. We are no where nearing the end game.
All nations are printing, and has the imperative to print more. The rich nations can print more, and the large nations can print more. Where it all settles would be the traditional place, monetary reset, except this time it will be different, because it will be planet-wide.
Immediately before monetary reset, one should ideally be 100% allocated to gold, because everything with a taxing address will be liberated and redistributed.
Traditionally, revolutions, especially of the violent sort, tends to cleanse, in the leadup to monetary reset, or in the followon to same. Revolution, Argentine style or Russia fashion, is the ultimate 'majority rule' process, and that may be where we are headed, I figure.
Paper currencies? they will zig and zag, and eventually go where all paper currencies go.
I guess. |
