Mish, I don't think so. Those who want to force China to float RMB know exactly what would happen to RMB as you do! Because the collapsing of RMB and collapsing of China, are exactly what they want!
First, after RMB rises temporarily, they withdraw the hot money, billions of billions, from China, so they gain big profit. Second, after they withdraw all their money, RMB will collapse, just like what happened in Asia in 1997. And then ALL the foreign gov./companies can force whatever they want to on China, including separate China into 7-8 unrelated countries. Yes, for all the last 150 years, the West (imperialist countries) have never for one day forgot this dream of theirs (please don't take this personally).
Yes, many of them do not talk about this, since it is NOT within their so-called value system.
Most of Chinese know this! And that is exactly why they will never make concession in currency issue. Yes, one day RMB will float, but that day will be chosen by China and Chinese, NOT by others. |
