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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (139097)	2/8/2018 12:28:07 AM
From: Elroy Jetson	Read Replies (1) \| Respond to of 218145

There's a lot of ways to try to get around the currency controls which China is forced to impose to prevent a collapse of the value of their currency. The fact that people have tried yet another 250 ways to get around the currency controls China has imposed is a testament to human ingenuity and the foolishness of China's government trying to pretend their limited-use currency is ready to take a place in global trade. Switching from a US Dollar backed currency to Renminbi would shutter business in Hong Kong pronto. The economy of Hong Kong is only free because it's Dollar-based. Switch to Renminbi and even you would be standing in line with peasants for permission to travel abroad - and you know that better than me. In a similar way China's "leaders" are trying to control Third-World economies with various Jingoistic Belt and Suspenders schemes which fell out of favor among First World nations 100 years ago. Not to mention Soviet-style "free government centers" for the little disadvantaged people designed to hoover-up all information back to China's intelligence service. It should all be very embarrassing except for the fact that they don't have enough experience with the backlash against such crude techniques to be embarrassed.