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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 375.93-1.8%Nov 14 4:00 PM EST

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To: Snowshoe who wrote (57670)11/9/2009 11:24:45 PM
From: TobagoJack  Read Replies (2) of 217785
 
what members of that hoarse chorus do not realize, to their detriment, is the truth that:

(i) china invented ink and paper and printing press, and
(ii) invented fiat money, and then innovated fiat paper money
(iii) first implemented national banking and money transfer
(iv) has more than 600 years of pentup money printing demand on call
(v) can more effectively put paper money to work than any other domain

and so, should rmb free float and be globally accepted ...

i will stop there and let the imagination to the work ;0)

question: does anyone on this thread wish to engage and hoard rmb?

if sample size indicative of global feel, the rmb will crash, and drag down all, even as the rmb will recover, as 600 years of piled up work gets done
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