The dramatic decline ....
In purchasing power of China's ginormous USD reserve will be
very bitter medicine to cure her irrational penchant for uSD
-RMB peg.
To add salt to wound, the decline will continue for a while.
It will make her jaw-dropping food and energy inflation mere
footnote, compare to what is to come. With prices of all im-
aginable kinds doubling, tripling, and quadrupling, patience
of Chinese will wear thin.
One by one, the world's economic engines are dimming: Japan,
USA and EU. China's employment picture is not at all bright.
With a piece of concrete as safety net, the highly flammable
and combustible mixture will be deadly.
Just a spark .... :)
Regards,
Albert K. Fung
La Brisas/Valle de Guadalupe, Baja California, Mexico.
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