China’s Historic Monetary Easing Coming, Yuan to Crash: 10,000 Yuan Equals 4 From 50 Years Ago

  Рет қаралды 90,661

China Observer

China Observer

20 күн бұрын

A financial blogger from mainland China expressed concerns on May 4 via Douyin, a short video platform, about the imminent era of excessive money printing in China, which has left many Chinese feeling anxious. One netizen responded, "This M2 is like a raincloud Once it pours down, the RMB will become worthless in seconds."
#chinaobserver
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Пікірлер: 369
@Enjoymentboy
@Enjoymentboy 18 күн бұрын
China is adopting the Zimbabwe method of currency management. 😂😂😂
@dustinmiller2775
@dustinmiller2775 18 күн бұрын
Meanwhile Zimbabwe just went to GOLD!
@KneelB4Bacon
@KneelB4Bacon 18 күн бұрын
I got one of those "100 Trillion Dollar Bills" online. It's a nice reminder that money is an idea back by confidence and that money has to be backed by something real, like gold or real estate. You can't just run off billions of Yuan notes on a copier and declare the crisis over. And NO ONE has any confidence in the CCP.
@arthurlincoln9093
@arthurlincoln9093 18 күн бұрын
I have some gold bars for sale.
@in-human1698
@in-human1698 18 күн бұрын
China M2 money supply is $300 trillion. 16 times thier gdp
@NappyWayz
@NappyWayz 18 күн бұрын
Have you seen the US M2? No country is paying back TRILLIONS in debt. It’s mathematically impossible without hurting the people. Most countries are screwed. I moved to buying sound assets. Hopefully I able to stave off the inflation. 😢
@lensmann4002
@lensmann4002 18 күн бұрын
Those who don't learn from history are doomed to repeat it- The Song Dynasty (960-1279 AD) faced inflation due to the over-issuance of paper money The Yuan Dynasty (1271-1368 AD), established by the Mongols, experienced hyperinflation, primarily due to the excessive printing of paper money to fund military campaigns and other expenses. Is it any wonder that gold and silver have been popular for so many centuries?
@lowengkok1201
@lowengkok1201 17 күн бұрын
Thanks for the information .
@pyrioncelendil
@pyrioncelendil 18 күн бұрын
Plot twist: it was always worthless.
@derptrolling4740
@derptrolling4740 18 күн бұрын
Those money will go only to the Chinese Officials.
@sleepinglaffey3886
@sleepinglaffey3886 17 күн бұрын
CCP仔 in vancouver
@vanessali1365
@vanessali1365 17 күн бұрын
No doubt
@kahldiss2689
@kahldiss2689 17 күн бұрын
what the hell is a freaking RMB?
@Patrick-nv5ug
@Patrick-nv5ug 17 күн бұрын
The only way out is buy gold and silver.
@markmywords9372
@markmywords9372 18 күн бұрын
You cannot fix something when it is all based on lies.
@vinitjeerapraphankul-ez7om
@vinitjeerapraphankul-ez7om 18 күн бұрын
how do you ?
@brandonwoo8299
@brandonwoo8299 17 күн бұрын
You mean Us?
@matthewmosier8439
@matthewmosier8439 11 күн бұрын
Exactly. A government cannot create a good economy using willpower. Hence the financial failure of all commie governments
@katsueishere-te7jd
@katsueishere-te7jd 18 күн бұрын
How to fight deflation: hyper inflation
@vincentyeo88
@vincentyeo88 17 күн бұрын
No, the power-that-be won't want to give those plebs too much free cash to spend.
@ducknorris233
@ducknorris233 18 күн бұрын
I like to call them “fun coupons” That’s what Xi said
@Microsystem1110
@Microsystem1110 18 күн бұрын
Actually they are Monopoly money
@kateryan9988
@kateryan9988 18 күн бұрын
The Yuan will soon be converted to toilet paper replacement if it hasn't already.
@ycplum7062
@ycplum7062 18 күн бұрын
Venezuela can use toilet paper.
@sleepinglaffey3886
@sleepinglaffey3886 18 күн бұрын
Arasaka IRL 996 #sloprosperity #theskydontlie
@tedthesailor172
@tedthesailor172 18 күн бұрын
Well, at least they won't have a shortage during the next covid epidemic...
@tarstarkusz
@tarstarkusz 18 күн бұрын
It can join the Dollar, Pound, Euro, Yen, Canadian Dollar etc. Every country in the world has or very recently had the printing presses fired up for the last 15 years. Japan has had negative rates for 8 straight years. The US still has historically low interest rates. When I was a kid, it was 20 plus percent! I opened a saving account in 1987 and got 5% interest on a passbook savings account!!! Cds were going for 9%.
@xlr555usa
@xlr555usa 18 күн бұрын
There are open communal toilets in China, dozens of them at least. Fooz are gonna be passing the Yuans around as they wipe.
@Juan-os4hs
@Juan-os4hs 18 күн бұрын
The other difference between America's M2 and China's M2, is ±75% of America's M2 is outside the US border, while ±90 of China's M2 never leaves the Chinese borders.
@Elmgren76
@Elmgren76 18 күн бұрын
when all those US dollars return to the US the country will collapse quickly.
@YourHineyness
@YourHineyness 18 күн бұрын
@@Elmgren76 Or perhaps the Fed will drain them out of the economy as they come in.
@user-cr7bi5zo6n
@user-cr7bi5zo6n 18 күн бұрын
90%? More like 99%
@embun1945
@embun1945 18 күн бұрын
#BlockChinafromusingSWIFT
@dongshengdi773
@dongshengdi773 18 күн бұрын
​@@embun1945China is so angry now because America printed so much dollars that it is causing global inflation and recession. USA has printed 6.5 times its M2 money supply in 30 years I checked . . . China printed more money, 171 times more in 30 years and China is printing much more now to save the real estate industry. (And practically everything else) 。 China GDP grew 47 times only . But money supply was increased by 171 times . America's GDP went up only 4 times . And America's money supply only went up 6.5 times . Therefore, China printed 400% more money than its GDP growth. While America only printed 70% of its GDP growth.
@arthurlincoln9093
@arthurlincoln9093 18 күн бұрын
A job counting all those red bank notes has to be better than being a rural migrant worker in China with barely a renminbi to your name. Money talks everywhere.
@ChickenMcThiccken
@ChickenMcThiccken 17 күн бұрын
as does violence.
@nathanchau2317
@nathanchau2317 18 күн бұрын
RMB BILLS can be use as toilet paper not completely useless
@UncleBad411
@UncleBad411 18 күн бұрын
I thought BRICS was going to CRASH the US DOLLAR ? NOT !😂🐷💩🤬🤡
@HKim0072
@HKim0072 18 күн бұрын
Brics bucks!
@aocg1914
@aocg1914 18 күн бұрын
Its was a fun joke.. Thats it..
@christiandunn9715
@christiandunn9715 18 күн бұрын
Federal Reserve Note is not the US dollar.
@aocg1914
@aocg1914 18 күн бұрын
@@christiandunn9715 Brics are crashing by themselves, they are a nice joke..
@myeverythingworld8123
@myeverythingworld8123 18 күн бұрын
Never underestimate the enemy
@neo3804
@neo3804 18 күн бұрын
Good work 🇮🇳
@stephenk2773
@stephenk2773 18 күн бұрын
That's why ccp is hoard Gold with Yuan
@wshyangify
@wshyangify 18 күн бұрын
Iron bars painted gold
@MSDGroup-ez6zk
@MSDGroup-ez6zk 17 күн бұрын
@@wshyangify LOl hoax again. How can Yuan crash if China is the biggest contributor to the global economic growth as Bloomberg stated on its article dated on 18 Apr 2024? on 2nd place was India with 15%. The 3rd place was the USA with 11%. European contributions were about 0.1% to 1%.
@vincentyeo88
@vincentyeo88 17 күн бұрын
It is hoarding tungsten, too.
@roybrewer6583
@roybrewer6583 18 күн бұрын
China is the ultimate Paper Tiger 😂
@WallaceZhao
@WallaceZhao 18 күн бұрын
China printed not only money but also 😂
@2l84t
@2l84t 18 күн бұрын
Wonder what the percentage of the M2 is counterfeit or unauthorized prints.
@HKim0072
@HKim0072 18 күн бұрын
Dude - M2 doesn't mean "paper" money. Cash is part of it, but the bulk of M2 is bank deposits.
@MSDGroup-ez6zk
@MSDGroup-ez6zk 17 күн бұрын
@@HKim0072 LOl hoax again. How can Yuan crash if China is the biggest contributor to the global economic growth as Bloomberg stated on its article dated on 18 Apr 2024? on 2nd place was India with 15%. The 3rd place was the USA with 11%. European contributions were about 0.1% to 1%.
@dxer22000
@dxer22000 18 күн бұрын
all that excess money printing is going into bribes
@cjsamtab7
@cjsamtab7 18 күн бұрын
No matter the degree of Economic Rot, the people will not fully wake up.
@leunam3434
@leunam3434 18 күн бұрын
Don’t worry about money printing. The USA has the biggest money printing press in the world. All governments have no money and they have to print money to save their economy. Inflation is part of mankind’s history.
@MaYeRsDz94
@MaYeRsDz94 18 күн бұрын
japan says hi 🎉
@oldernu1250
@oldernu1250 18 күн бұрын
Dude, LGFVs alone have five times the debt to GDP ratio of the US. This does not include Chinese bank debt or PBOC or national government debt. China built more than double the amount of apartments it needs, while its demographics are less than half of replacement birth rate, due to 40 years of one child policy, planned urbanization and selective abortion male biases. CCP central planning has screwed the Chinese. Equivalence arguments just do not apply. They're priming a pump when the well is dry.
@edipopplinger2078
@edipopplinger2078 18 күн бұрын
The USA doesn't print, it runs up endless debts.
@barryraymond9004
@barryraymond9004 18 күн бұрын
@leunam3434 The Chinese printing press is 4X bigger than the USA's. Did you watch the video? Thats why the Dollar is not going to be replaced by the Yuan, Euro, Yen, or Pound..... because even with all the problems that the dollar has EVERYONE ELSE IS WORSE.
@MSDGroup-ez6zk
@MSDGroup-ez6zk 17 күн бұрын
@@barryraymond9004 LOL CHina population is 4x the USA population. Where is your brain?
@jamesdallas1493
@jamesdallas1493 18 күн бұрын
Good News: Xi Jinping daughter lives in the US. She uses dollars!
@y.cschmidlin8172
@y.cschmidlin8172 18 күн бұрын
tofu currency tofu yuan
@martinpetrov8090
@martinpetrov8090 17 күн бұрын
America doesn't print money like crazy 🤣🤣🤣🤣 the best joke i have heard all day.
@hexfart4562
@hexfart4562 16 күн бұрын
Good job from the Philippines 🇵🇭🇵🇭
@HKim0072
@HKim0072 18 күн бұрын
Just look at the Saudis. Their swap line is a measly $7 billion (50B yuan) with CCP China. That's peanuts. Do you think the LIV tour players accept yuan as their cash prize? or the imported Soccer / Football players? And, the bigger issue is what do you do with the yuan? Invest in tofu dreg real estate? buy stocks on the SSE? or some CCP bonds that are yielding 200 bps lower than UST?
@jamesdallas1493
@jamesdallas1493 18 күн бұрын
Saudis convert their Yuan to other currencies.
@HKim0072
@HKim0072 18 күн бұрын
@@jamesdallas1493 I don't think you understand what a swap line is.
@MSDGroup-ez6zk
@MSDGroup-ez6zk 17 күн бұрын
LOL you dont understand swap currencies mean. China has Obor with 150 countries members around the world. China is one stop countries. The USA? LOL failure Boeing.
@stormtrooper2170
@stormtrooper2170 17 күн бұрын
China think US can print money so easy. China also want to follow the US n print more money.👈🤣🤣🤣
@emersonshiff8132
@emersonshiff8132 18 күн бұрын
Pooh Bucks will save us all!
@davidguyette2069
@davidguyette2069 18 күн бұрын
Now that's funny AF
@MSDGroup-ez6zk
@MSDGroup-ez6zk 17 күн бұрын
@@davidguyette2069 LOl hoax again. How can Yuan crash if China is the biggest contributor to the global economic growth as Bloomberg stated on its article dated on 18 Apr 2024? on 2nd place was India with 15%. The 3rd place was the USA with 11%. European contributions were about 0.1% to 1%.
@rangiroa100
@rangiroa100 18 күн бұрын
In the past, Zimbabwe had printed a paper currency with a value of 1,000,000,000. China could do the same and the CCP officials can observe its effect up close and personal.
@JerBuster77
@JerBuster77 18 күн бұрын
Soon they will be using bottle caps.
@user-xu9go9bm2v
@user-xu9go9bm2v 17 күн бұрын
Printing money is like taking a loan, you always end up in minus
@henta.i.3838
@henta.i.3838 18 күн бұрын
Printing more money during an economic downturn is the last thing you want to do.
@LouisHansell
@LouisHansell 18 күн бұрын
Yuan currently @~7, going to fair value @~21+, probably will overshoot. In between now and then, there will be tumult.
@nwbest4336
@nwbest4336 18 күн бұрын
I understood his first sentence without the intrepretation. Yippeee! The Chinese millionaires are now thousandnaires, welcome to the CLUB!
@wshyangify
@wshyangify 18 күн бұрын
Nah they are still millionaires, but can't afford a 20 million dollar bowl of rice
@MSDGroup-ez6zk
@MSDGroup-ez6zk 17 күн бұрын
@@wshyangify LOL the USA always said that but China economy is still growing better than the USA. LOl hoax again. How can Yuan crash if China is the biggest contributor to the global economic growth as Bloomberg stated on its article dated on 18 Apr 2024? on 2nd place was India with 15%. The 3rd place was the USA with 11%. European contributions were about 0.1% to 1%.
@vincentyeo88
@vincentyeo88 17 күн бұрын
When they become desperate, they will be called thousanderos, just like desperados. Lol. 🙃🤣🤣
@sparky9327
@sparky9327 18 күн бұрын
Chinese RMB were loaned to Belt-and-Road countries, instead of business owners wanting to pay salaries 😄
@dliu115
@dliu115 18 күн бұрын
Remember, China formalized the BRI in 2013
@jamesdallas1493
@jamesdallas1493 18 күн бұрын
BRI is a total failure!
@nwbest4336
@nwbest4336 18 күн бұрын
Are you taling about BRIC?
@YourHineyness
@YourHineyness 18 күн бұрын
@@nwbest4336 BRI - Belt and Road Initiative. Chinese funding via loans of other countries' infrastructure projects.
@user-qr5ob5ww2j
@user-qr5ob5ww2j 18 күн бұрын
Chinese Bank actually printed some of their currency twice (same barcode... duplicate cash). It's brought home and given to their family members.
@petrovichbauer5105
@petrovichbauer5105 18 күн бұрын
I’m sick of hearing this gloom and doom. Fail already
@jgo8717
@jgo8717 18 күн бұрын
That is why China government is using current Yuan to buy gold while it still have value.😮
@vincentyeo88
@vincentyeo88 17 күн бұрын
It is using its foreign reserves of USD and Euro to do so.
@lepepelepub12
@lepepelepub12 18 күн бұрын
While the US isn't as "bad" with its own m2, it is historically bad enough that they had to raise interest rates to a 20 year high to combat inflation.
@ycplum7062
@ycplum7062 18 күн бұрын
That is because low interest rates for the last 30 years is an abnormal period due to a combination of US demographic and international (specifically China) economic and political factors. Check the long term graphs. No point in history resembles the last 30 years.
@piotrmajewski5978
@piotrmajewski5978 18 күн бұрын
US exports it's inflation to rest of the world and brings "democracy" to countries, who refuse to trade in dollars. It worked for decades, but dollar printing during covid was beyond insanity.
@lepepelepub12
@lepepelepub12 18 күн бұрын
@@ycplum7062 No....lol
@somebodyspecific2410
@somebodyspecific2410 18 күн бұрын
​@@lepepelepub12No that person isn't right or no you won't check?
@MSDGroup-ez6zk
@MSDGroup-ez6zk 17 күн бұрын
@@somebodyspecific2410 LOl hoax again. How can Yuan crash if China is the biggest contributor to the global economic growth as Bloomberg stated on its article dated on 18 Apr 2024? on 2nd place was India with 15%. The 3rd place was the USA with 11%. European contributions were about 0.1% to 1%.
@sampy901
@sampy901 18 күн бұрын
China needs to even out the wealth gap in the lower classes? Damn, how's that communism working out for ya? 🤣🤣🤣
@nausimur6035
@nausimur6035 17 күн бұрын
If they all have nothing they are all equal
@scottgordon1781
@scottgordon1781 18 күн бұрын
Hmm , banks buy govt bonds with what ? More debt ?
@John-jl9de
@John-jl9de 18 күн бұрын
Fiat currencies are being printed by all governments and our Federal Reserve and Treasury Department are no different. Money printing equals inflation and we are all dealing with that. A 50 dollar gold coin fetches $2,300 and a silver dollar can be had for around $32. The gold and silver didn't change, only the paper money to buy them with has changed and lost value.
@allsportsexpert
@allsportsexpert 18 күн бұрын
Currently, China is suffering from deflation. In Japan, that has been going on since 1990s.
@MipMip1343
@MipMip1343 18 күн бұрын
Doesnt that mean they'll get to push out exports more cheaper?
@Lufex_
@Lufex_ 18 күн бұрын
Correct but it will be offset by more expensive imports of raw materials if the value of their currency devalues too much.
@MipMip1343
@MipMip1343 18 күн бұрын
@@Lufex_ Thanks for the lesson 🙏
@dcc70
@dcc70 18 күн бұрын
Government bonds are valued at the fundamental level by people's confidence in the stability and management of a country's government. The US is by far the most secure nation on Earth, so US Treasury notes are the safest government bond available. China is not even close.
@mattanderson6672
@mattanderson6672 9 күн бұрын
Rise up People of China
@scottgordon1781
@scottgordon1781 18 күн бұрын
We can all go back in the past to see what exchange rates were . Here was E1.4 to the Rand , R0.96 / $ , Now about 20 to the Rand . The US printed money after covid , inflation is biting still . They still have an economy , China does not . Little change in the west of China since before Mao !
@fefefan17
@fefefan17 18 күн бұрын
The people don’t have money 🗣️ why are you trying to get them to buy things ?! 🗣️
@lance8080
@lance8080 7 күн бұрын
Back to rice farming 🇨🇳
@dannydorito2954
@dannydorito2954 18 күн бұрын
2:46 if you ever feel useless, just remember this machine flipping yuan bills exists when they could've just idk ROTATED THE MACHINE LMAO XD
@denopellegrino7326
@denopellegrino7326 18 күн бұрын
One way to fix it is to end the stock markets around the world as well as all central banks, we have an old saying here in the states "no matter how you slice it it's still baloney"
@fredEVOIX
@fredEVOIX 18 күн бұрын
ah ! finally someone else like me who thinks stock market shouldn't be allowed, it's a virtual casino where everyone cheats while playing with other people's money
@jordan2114
@jordan2114 18 күн бұрын
Compared to US it’s nothing
@kimoe188
@kimoe188 18 күн бұрын
quantitive easing with Chinese characteristics.
@azmymidon39
@azmymidon39 17 күн бұрын
China money printing is unavoidable 😢
@user-jx4yb3pi4q
@user-jx4yb3pi4q 18 күн бұрын
wealth gap not the problem - funny how a channel devoted to economics thinks "wealth gap" is the problem.
@theMyouknow
@theMyouknow 17 күн бұрын
Problem is that the few people have to much, they can only spend so much, until they have everything, the money does not circle or is spent fast enough, people should have good salaries so that they can spend more thus increasing the market value.
@DrunkenDemon
@DrunkenDemon 17 күн бұрын
Thecwealth gap is always the problem, no matter what.
@arifsoetanto7533
@arifsoetanto7533 17 күн бұрын
RMB now used in many countries. South East Asian countries use a lot of RMB
@YenzikovALCherasLegend
@YenzikovALCherasLegend 18 күн бұрын
I am a NewbieEconomicdumb. Chinese only can print Yuan and the Printed Yuan are only in Local Circulation and they are in their Digital PaySystem. USA is the only nation had the ability and capability to Print US$ when, where ,how and the quantity and to be transfered or exported off shore. This is how it works, USA is harvesting from the World and the harvest are deliver to their door steps. They spend lavishly and pass their inflation to others . USA not only wanted the Yuan to crash but the Complete CPC and the Chinese Buddies to vanish.
@paulschlachter4144
@paulschlachter4144 18 күн бұрын
No! I want there to be so many 100 Yuen bills that they can cover the entire surface area of planet Earth 15 times over!
@YourHineyness
@YourHineyness 18 күн бұрын
You're going to put the toilet paper companies out of business. Poor Mao, all of those brown streaks on his face.
@vzzzb2vzzzb124
@vzzzb2vzzzb124 17 күн бұрын
1 US dollar in 1950 is worth 13 dollars in 2024 when adjusted for inflation. 1 US dollar in 1970 is worth 8 dollars in 2024 after adjustment for inflation.
@scottgordon1781
@scottgordon1781 17 күн бұрын
yes , prices are going up all over the world Would be nice to see what the Chinese pay for petrol / diesel/ electricity/ water , then we can compare .
@gnolan4281
@gnolan4281 17 күн бұрын
I have never heard the term M2. What is it?
@embun1945
@embun1945 18 күн бұрын
Thank you No one will do Forex (Foreign Exchage) with Yuan, eYuan or RMB, CHINA MONEY. I traveled to Bali and try to exchange my RMB (Yuan) with local currency Rupiah; to my surprised No one would like to exchange my RMB, China money. They look for U.S.$, Euro, Aus$, Can$.
@kelvinth30
@kelvinth30 18 күн бұрын
1:47 most handsome leader in the world
@fabienneisore7831
@fabienneisore7831 10 күн бұрын
Yesbut the US deregulated, China did not which means controlled inflation.
@gstlb
@gstlb 18 күн бұрын
RMB should be about 12 to 1. This is a very difficult situation for China. Perhaps they’re just trying to wait it out and hoping the USD will weaken.
@in-human1698
@in-human1698 18 күн бұрын
Not 15 but 30
@user-pc5ww8fh6d
@user-pc5ww8fh6d 15 күн бұрын
You can't eat money regardless of what it is made of. When the fall comes, it will be better to be a lowly farmer. Corn potatoes, eggs, wheat...worth more than paper money or shiny pieces of metal.
@dustinmiller2775
@dustinmiller2775 18 күн бұрын
Question for everyone: how many hours a day would you turn off your money-printing machine???
@dongshengdi773
@dongshengdi773 18 күн бұрын
0 hour
@daviddesjardins7751
@daviddesjardins7751 18 күн бұрын
You really need to look at your graphs - they don't make sense.
@dongshengdi773
@dongshengdi773 18 күн бұрын
China has printed ¥28 trillion yuan in 2022 alone. China's total M2 money supply is ¥266T trillion yuan . More than USA, Japan, Germany, and south Korea combined. M2 money supply is a measure of the total amount of currency and near money in a country's economy. It includes cash, checking deposits, savings deposits, money market accounts, retail mutual funds, and time deposits.
@methylmercury
@methylmercury 18 күн бұрын
It's friday and The China Show is upcoming, don't forget to tune in
@matrixcowpaul2194
@matrixcowpaul2194 18 күн бұрын
China CCP only keep printing yuan, increasing M2, due to property value keep dropping, banking crsis, low cofidence, stock market collapse, high unemployment.. soon $ 25yuan:1 US
@Gwanzan3325
@Gwanzan3325 17 күн бұрын
Making the rmb worthless is one way to help people with mortgages, I guess.
@chzesiangkwa549
@chzesiangkwa549 14 күн бұрын
Gold will go up if this happens
@user-eu3yt6xq5o
@user-eu3yt6xq5o 17 күн бұрын
What's there for China to worry if you compare with America and Japan. China is the world manufacturing house, can always revalue the currency and many Global South nations will hold Chinese Yuan instead of USD for trade. China debt is own domestically whereas USA is mostly external and imploding today.
@Toliman.
@Toliman. 17 күн бұрын
bowl of beef noodles would hit 190 yuan long before it hits 100 yuan. Deflation isn't so gradual once food transport hubs start to go bankrupt... Given ties to military production of local food crops, distribution of food is usually one of the immediate reactions in a deflationary cycle; as people only start to spend money on food, some industries remain price/volume stable while others go wild in supply and shortages.
@Escapades711
@Escapades711 18 күн бұрын
Stop patronizing China made products.
@Numischannel
@Numischannel 17 күн бұрын
Chairman Mao, the highest paid official in the PRC, got 404 RMB per month in 1955 when the new currency was introduced, and 600 (USD 92) by the time of this death. That was six times the pay of a top rankng official (100 RMB). Many people was well paid with 50-60 RMB well into the 1980s
@Numischannel
@Numischannel 17 күн бұрын
Until 1990, the highest denomination note was 10 RMB, a little fortune.
@Jus1408
@Jus1408 18 күн бұрын
Great! JPY , RMB all fiat goingi down the drain. Buy BTC.
@cashmeoutside8646
@cashmeoutside8646 18 күн бұрын
Don't worry random Chinese guy...The CCP has 1.4 billion Chinese for re-education camps for farming/labor, if things get too bad. You'll have guaranteed employment, forced labor isn't that bad.
@dongshengdi773
@dongshengdi773 18 күн бұрын
Nice
@kryts27
@kryts27 12 күн бұрын
The RMB will soon be worth less than than a piece of toilet papee or Zimbabwe dollars. They won't print the zeros though. Just like the similar history of early Weimar republic or Venezuela.
@christan3719
@christan3719 18 күн бұрын
Now you know why the RMB, under such circumstances, will never be the World’s standard currency and replacing the USD… LOL
@ZeroVideos000
@ZeroVideos000 17 күн бұрын
People saving all their money in banks will get a huge shock when all those savings become worthless suddenly. Then even the chinese govt wont bail anyone out. better to eat good food now when you have the money and live well. The entire world economy is going to shit soon.
@onlineshoppingjakarta7338
@onlineshoppingjakarta7338 18 күн бұрын
Why work hard? Just print money
@Bejust389
@Bejust389 18 күн бұрын
Given china hallowness In ALL spheres it’s a obvious outcome
@DontForgetOldKolobok
@DontForgetOldKolobok 18 күн бұрын
I wonder how much Yuan one could expect one Yuan to be worth in 2031?
@lostlogic6911
@lostlogic6911 18 күн бұрын
The Yuan crashing harder than the 3 gorges dam soon.
@bhok5228-ff8bs
@bhok5228-ff8bs 18 күн бұрын
BTC is the way
@youknownothing3766
@youknownothing3766 18 күн бұрын
Buy Physical Gold and Silver... and hard assets
@Mexican00b
@Mexican00b 18 күн бұрын
paper money aint a problem anymore its digital... even in this side of the globe we dont really know how banks are using those 1 and 0's... and we "trust" they doing the right thing (lol)
@The_Smirk
@The_Smirk 18 күн бұрын
Money printers goes brrrrrrrrrrr!💸😂
@stephenpittman4291
@stephenpittman4291 18 күн бұрын
I don know whether all these vlogs are true/mean anything etc., but I see the whole situation in both east and west as being unsustainable and we’re all going down at the same time. Question is , do we have courage to hold the elites accountable and do the needful 🤪🤣🤣🤣🤣🤣🤣
@HKim0072
@HKim0072 18 күн бұрын
The US is the most insulated economy on the planet. Food independent (kinda), Energy independent and the ability to absorb immigrants (if politics don't get in the way) to grow population.
@GTSongwriter
@GTSongwriter 17 күн бұрын
Does China reference themselves as the CCP?
@kahldiss2689
@kahldiss2689 17 күн бұрын
TOFU RMB
@honesttruth8710
@honesttruth8710 15 күн бұрын
I wish it is true 1 RMB = IDR 1. Maybe in year 2345
@timpoon1169
@timpoon1169 17 күн бұрын
Really? More "china is crashing" stories?....we still doing this?
@leondee918
@leondee918 18 күн бұрын
Hasn't China's economy been collapsing again and since decades ago? At least it's what you say repeatedly like s breken recorder
@arifsoetanto7533
@arifsoetanto7533 17 күн бұрын
The problem is... Western economy collapse first
@Chanelmichelle22
@Chanelmichelle22 16 күн бұрын
Lol, all currencies will be worthless, lets keep gold
@chrisnotyou
@chrisnotyou 18 күн бұрын
TWO MORE WEEKS!
@novat9731
@novat9731 18 күн бұрын
Year 2000 to 2013 is not that far off economic growth. The economy allegedly grew from 1,2 trillion to 9,6 trillion in USD, so a 7,9 times increase. While the money supply grew about 7,65 times. After that it kinda goes out of whack. 2013 -> 2020 = 53% gdp growth (allegedly) vs 100% money supply growth 2020 -> 2023 = 19% growth in GDP (allegedly 2020 -> 2024 = 50% growth in money supply These are all just fantasy numbers of course. But even the CCP agrees that they are printing more money than the economy is growing. Who knows what the true number is tho? I doubt even the CCP has the capacity to find out.
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