Comments by "May L" (@MeiinUK) on "Renminbi Risk of Turning to Trash! Same Serial Real Notes Flood Market, China Prints 500B/Month" video.

@TheFivegoodemperors : It is because historically... there were different regional disparities any way.. and people banked locally rather than to let movement of people to be around... So, each region had their own ratios and bank level. Which makes sense. Cos even in Europe it is like that... each country still held onto their own currency , even though it is pegged to the euro.... This could and can be reversed back... and for countries to back out, at any point in time, actually. So... but of course, it needs to be discussed first.... Letting bank collapse.. without reason or understanding, of how to collapse it sympathetically or kindly.. or to reliquid it again... is... what china isn't so good at doing, I don't think. Cos they focused so much on the UN level.. but what about their own domestic level ?.... 250k to 1 silver yuan... or was it gold yuan ?.... This is why they have tier 1, 2, or 3 cities... so....
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They use the currencies of other countries, cos they printed too... so if you catch it at the border.. and not to dilue inside the country, then..... Well... People used to keep this off shore.. but during covid.. every single country onshored everything. So what is the point of anything ?.... And some communists areas, used to be poorer than the shipping areas... Meaning, each area had their different purposes.. trying to flatten the entire country to be both urban and farming, every single place.. is not really working though, is it ?... So.... It causes heart aches as well...
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Lol.... I don't think that they broke anything, cos frankly, the entire and the whole..."financial system" was merely created under the past 50 years... so you cannot say that, this is wrong. Cos there used to be just banks. The whole stock brokering, didn't have this high level.... and as so intensely... so... It isn't as actually THAT odd or weird... so.... This is why there were small local banks. And then those small banks, would always take those old notes back, or to recall them etc etc. And then they destroy it etc etc. So this is why some odd people,. "bought them"... and then "used them abroad"... and basically created an oversea's branch. Maybe THIS is why... lol.... Some people thought that, from "no overseas' banks" to suddenly lots of overseas' branches... and therefore... also... did anchored other countries' currencies.. but now... Well..... This is why it feels like SO many currencies are globally so much.
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Cos PRC should not have actually joined the WTO... actually.... So.... Bank of China bought 400 billion yuans ?.... Well... IB and the stock market didn't quite work out so..... Those stuff seems to be imported goods. They look expensive. Mango, or those branded European shampoos... or.... imported nuts from Africa.... But eating local greens... then.... Surely it's cheaper ?... So.... If luxury items are no longer there, or that... houses are not there either then... Well those imported goods would rely on petrol. .. so.... luxury items have dropped in value ? Same as the cars? lol.... And housing? That is because it is from subsidies from the government. lol.... Hm... Interesting...
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Why don't you say it another way, which is that.... there never was a "singular currency systems, ever in the whole of China" before... It had always been different forms... So... and even if there is a new ruling dynasty, why would other regions know, any way? So... this kind of fuzzy logic is probably what kept itself together for years and years.. It is all of this talk of joining the UN... and the World Bank... the point of "trying to work for the world".. I mean.. Really ? Do you need to be ?....
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@TheFivegoodemperors : The problem is china wanting to meet their UN level obligation but in doing so.. it is causing further issues as well ? So.... This is the danger.. meanwhile, global population is ballooning too ! ... This is not sustainable.
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