13-05-2022, 10:36 AM
(04-05-2022, 05:12 PM)kokee Wrote: as above, RMB plunges from 6.3 to almost 6.7 now in last 1-2 weeks.
why RMB down? all sell RMB & buy USD.
That is why now china people cannot migrate & bring money out, that is cannot convert RMB to any foreign currency now. If china people allow to do, RMB at 9 easily today, especially after covid, ton of rich & capable will dump all their property convert to USD & run road.
too bad, china people life dont belong to them, they dont have freedom to go wherever they like & cannot convert their money, can only see their asset meltdown totally now.
globally going to sanction china soon, once sanction, RMB meltdown to 20? or even worse, all these slavery cant do anything, can only work till die to pay back debt.
just check, RMB plunges to 6.82 now, down super fast, very nice.
going to cross 7 soon.
once kena sanction or HKD unpeg, tua laosai like crazy.