china will more than likely add as many zeros to its money as the usa does to the usd
as the last half trillion of reserves got in vault very easily, easy come easy go, china is not exactly going bankrupt
nations care more about flow and drection of flow, than about absolute balance (relative balance gets a bit more attention)
individuals care about flow, direction of flow, absolute and relative balances, depending on position on marginal utility of money curve, i guess
adding 2 zeros to usd and rmb is ok for china inc, but destroys the middle class in both nations, but, the middle class in china is smalll, and easy to replenish based on the trend line / direction of flow, whereas for team usa, at high double digit proportion of population, game over, it can be argued.
it will be a learning experience, whatever happens in the future
on pt, it will atleast 10x in 10 years, imo, and inflation protected, so 10x will be in real term, or, gold term
btw, gold, when rising, improves sex, as i suspected the causal link, businesssheet.alleyinsider.com |