Comments by "May L" (@MeiinUK) on "RMB Crumbles: Everyone Joins the Fray; Faces Collapse Without USD Exchange | Trending Now" video.

@Javier77040 : HK shouldn't have been merged into what it is... Singaporeans and whoever should've gone to Fuijian.... That was how it was before, and it should have been what it should. So I don't get why Britain is being dragged into this situation as well... And Singapore being that double edged nasty country that it has become... This is just.... Well.. even BA has now flights to Beijing and Shanghai too. Ironically. Presumably, this means that Russian deals have to go through some kind of tunnel there direct into London properly..... Clear out the Singaporeans and the Malaysians and oddball SE Asians from London and UK. Then opens proper route in Beijing and Shanghai... direct link to London.
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@mindpuzzle81 : I think the solution is supposed to be bitcoins or something like that. Cos HK is now introducing Fin Techs.. and the US side already has mapped their actual US dollar to the cryptos... So...
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So basically the "one country, two systems" really mean two currency systems ? And I thought it was an actual "one communist" and "one nationalists" so HK was NOT in the running but Taiwan became it ??? And it is run by pseudo nationalists ???..... I find all of this too ironic. IMHO. One yuan.. and the other one is RMB ?....
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@HomerSimpson514 : They are going to rob HK's US dollar reserves... that is what is going on.... This is going to end in a nasty way I tell you.... (After HK.. then it will be Taiwan's US dollar reserves...) This is why even Mr Tesla was being asked for a meeting with Mr Xi... No US planes enters into China now apparently. So... it will kind of end up as.. actually... Well... they are trying to invert their country is what it looks like.
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@HKim0072 : HK was fine when it did have an actual FX exchange. Cos now what... now they are realising that actually.. the figures aren't right ? Aren't correct? Why ? "Introduction of the Gold Yuan and Chinese Yuan Renminbi The Gold Yuan replaced the Fǎbì in 1948 at a rate of 1 Gold Yuan to 3 million Yuan Fǎbì. That same year, the Yuan Renminbi (often called RMB) was introduced as a way to help stabilize the Communist held areas of mainland China. In 1955, a re-evaluation took place and a new Yuan Renminbi was introduced at a rate of 1 new Yuan to 10,000 old Yuan." So... which bank actually had the old yuans then ? Weren't they counted and taken back up ? What happened to those ones then ? And then, what about the new yuan ?? Didn't they think about merging the banks together, so that, they COULD indeed get those money back? And make sure that, it tallies? Every single one of them ??? And they don't want an exchange to deal with these discrepancies ? Do they REALLY think that shorting is about shorting to make money, or did they think that it was actually to cushion this kind of risk element, when those money find its way back into those banks, and then counted or knocked off the checklist ????? So these banks doesn't have insurance or a vehicle to deal with fake moneys ? Or whatever ? Oh how WEIRD indeed !!!! You depreciate your currency and has no mechanism to find them find its way back. And yet, you don't think about how to keep the economy afloat either. What was the name of that guy... that one that suggested some kind of securities exchange.. it was securities wasn't it ?.... The high street banks that turned investment bank, that turned into an actual central bank. What the flying H does this government want ???
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How can they use the RMB as a reserve currency, sorry, I don't get it ? Where is the Yuan gone to then ? China is so large. It should have several different currencies of their own to begin with !!!!!!! I don't get why they need to drag the rest of the world down with them.
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@finned958 : Read this please: "Introduction of the Gold Yuan and Chinese Yuan Renminbi The Gold Yuan replaced the Fǎbì in 1948 at a rate of 1 Gold Yuan to 3 million Yuan Fǎbì. That same year, the Yuan Renminbi (often called RMB) was introduced as a way to help stabilize the Communist held areas of mainland China. In 1955, a re-evaluation took place and a new Yuan Renminbi was introduced at a rate of 1 new Yuan to 10,000 old Yuan." RMB and the Yuan were TWO different currencies !!!! That is why .. it took them a long time to reconcile things. But the point is, SHOULD they reconcile both currencies? I don't agree that they should or need to actually. In all honesty. Trade out is trade out. Internal domestic is internal domestics. Trying to merge the internal currency with the external currency.. and then tried to use the internal currency externally ??? Have they actually asked other countries before they went ahead to do this BS move ????? Have they !cking lost their minds ?!?!!?!
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I am not actually ever surprised at all of this, I bet that some old banks also held actual old Yuans. And they never swapped into the new Yuans either. Or entirely devalued. Or is this actual "devaluation now".. from "600k down to 60k" is actually the REAL devaluation ?? Cos they called in their chips this time round. Is this why ???? Cos frankly, money printed from year X is what... should they NOT have been destroyed already, or have a notice ? And their so called credit card companies and bankers... Aren't even aware of this move, or ask themselves WHY ??? No wonder Yukon Huang kept saying that, the "shadow banking" is mega hugh... This is not even a case of macro or micro any more either.... This is..."people putting their money into the biscuit tins... and kept it there for at least 30 to 40 years"... kind of BS !!!! I am shocked, and horrified as well... That people don't put their money into the banks. Yeh.. so no more money need to be put into their bank accounts. Then shouldn't somebody actually openly say on social media that, they need to "bank all their cash" into their local banks ??? Cos frankly, they owe the world this much. Is this really "printing money" ? This is NOT printing money. This is "hoarding money".... Stupidly.
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@finned958 : 1.4 billion of "not drastic" !!!! I don't know what was the figures before.. but I remember that, 1 Pound = 15 HK dollars. Now, it is around 1 pound to around 10 dollars.. and then even 9 dollars. Despite the fact that HK was there to offset fluctuations with external trades. So how could the PRC join the WTO then ... and make this kind of sh!tty moves... ? And then expect to be the exact same way as the West.. All of the sh"tty stupid movies from the West, they lapped it up like an idiot... and now... it is clear what the flying clkck they have done to themselves. And back then it was a good 1 hk dollar to around 1000 yuans.... Imagine that. And we had stupid Germany throwing their Deutsch Marks at China as well... I WONDER... when other Brits receives in insults from those so called SE Asian dispora.. if they ever thought about the other currencies as well. What DOES Singapore offer to the rest of the world ? Nothing. They offered nothing. Just plain BS day in day out. It has NOTHING to swap for other countries. It just stolen some other countries' money, that is what they did. International finance ? International criminals more like. I can't even believe the kind of BS that is happening.. Like seriously.... And now, they are also playing Chinese PRC politics.. and drag themselves and embed themselves to become a seat at this table of UN China.... Absolute trash cans. Real trash cans. You now have a military man from Singapore handling the money transaction of Tik Toks... for what.... To channel more money and basically made those countries a "tributary states of the PRC Empire via tech ???".... GODDAMN these people.
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