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Why Invest in Renminbi Yuan
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BritishBulldog
RoyBoy
Ponee
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Why Invest in Renminbi Yuan
Why Invest in Renminbi Yuan
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Ponee- Admin
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Re: Why Invest in Renminbi Yuan
It's the sad truth
RoyBoy- VIP Member
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Re: Why Invest in Renminbi Yuan
China's economy has a better chance of failing miserably then it does becoming a world power. They are growing way to fast to maintain it...I would be very surprised if they actually maintained...or even only dropped off a little bit...
BritishBulldog- VIP Member
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Re: Why Invest in Renminbi Yuan
China has overspent and they are in serious trouble financially.
*****************
Trust but Verify --- R Reagan
"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18
Kevind53- Super Moderator
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Re: Why Invest in Renminbi Yuan
10, The famous investor Jim Rogers always believes that now an investor should buy Renminbi Yuan, and he believes that Renminbi Yuan will appreciated 400 or 500 percent in the next 30 years... Who posted this, something new ! SELL the Renmimbi now .4 to 5 hundred percent in the next 30 years.So I pony up 3 g's and in 30 years I might have 15..Oh Boy!!.I'll have to get right on that
clayf- VIP Member
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Re: Why Invest in Renminbi Yuan
Exactly....doesn't sound so great like that. But when your average savings account is paying 1-2% it's not so bad.clayf wrote:10, The famous investor Jim Rogers always believes that now an investor should buy Renminbi Yuan, and he believes that Renminbi Yuan will appreciated 400 or 500 percent in the next 30 years... Who posted this, something new ! SELL the Renmimbi now .4 to 5 hundred percent in the next 30 years.So I pony up 3 g's and in 30 years I might have 15..Oh Boy!!.I'll have to get right on that
But as Kevin and I said....China isn't all its cracked up to be. They are like college ball player that just signed a pro contract. They haven't had money before and now they are spending it at an alarming rate.
BritishBulldog- VIP Member
- Posts : 1323
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Re: Why Invest in Renminbi Yuan
very true the 1 to 2% what a joke right,but when some people want to borrow that same cash from that same bank 17%. Crooks,thats why the mattress is the way to go and buy things low and sell them for a 75% gain
clayf- VIP Member
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Saint- VIP Member
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Re: Why Invest in Renminbi Yuan
I was reading somewhere today that they are already loosing jobs to places like Vietnam.
*****************
Trust but Verify --- R Reagan
"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18
Kevind53- Super Moderator
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Re: Why Invest in Renminbi Yuan
Well Kevin , I hope this is true, treats them right .
RoyBoy- VIP Member
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Re: Why Invest in Renminbi Yuan
Kevin, China is not loosing jobs to Vietnam. China has wanted to move their manufacturing to Vietnam because their goods are becoming too expensive to make and their profits are higher in places like Vietnam.Kevind53 wrote:I was reading somewhere today that they are already loosing jobs to places like Vietnam.
I have heard this for a few years now. As countries become more industrialized they look for other countries to produce their goods cheaper. North America did the same thing.
It's a good thing if you hold dong. :yes:
Goldiegirl- Elite Member
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Re: Why Invest in Renminbi Yuan
Yes it is , I hold a little bit, got some when I was in Malaysia a couple years back, cheaper there also lol
RoyBoy- VIP Member
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Re: Why Invest in Renminbi Yuan
However you care to label it, the jobs are lost to Vietnam. You are correct about the jobs migrating to lesser developed countries. When I was a pup, the cheap stuff was coming from Japan, then Taiwan, Mexico, India, Pakistan, Malaysia etc. (I don't remember the exact order after Japan and Taiwan.)
Regardless, their budget is out of control, the only reasons we have not seen massive insolvency and bankruptcies is the central government will not allow it. The regional and local governments can not meet their obligations, the companies can not meet theirs, mostly because the central government can not or will not meet theirs. Their safety record is abysmal, the air in their cities almost unbreathable, many formally productive agricultural areas have become virtual wastelands due to the industrial pollution in the area. China is in a big, big, mess, and I have a feeling the whole world is about to pay the price.
Regardless, their budget is out of control, the only reasons we have not seen massive insolvency and bankruptcies is the central government will not allow it. The regional and local governments can not meet their obligations, the companies can not meet theirs, mostly because the central government can not or will not meet theirs. Their safety record is abysmal, the air in their cities almost unbreathable, many formally productive agricultural areas have become virtual wastelands due to the industrial pollution in the area. China is in a big, big, mess, and I have a feeling the whole world is about to pay the price.
*****************
Trust but Verify --- R Reagan
"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18
Kevind53- Super Moderator
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Re: Why Invest in Renminbi Yuan
Yes we are all paying the price because of Unions!!! That's how we lost the manufacturing to less developed countries. GREED!!!
To add to your list, I had items purchased from Brazil, Indonesia and some of the Slovak countries. But, those items were good and some of them I still have. The cheap stuff from China (such as high end shoe manufacturers) either don't last, don't fit or are so badly designed I can't wear them.
Perhaps some of the manufacturing will come back to North America since we're all going to be penniless and poor shortly.
To add to your list, I had items purchased from Brazil, Indonesia and some of the Slovak countries. But, those items were good and some of them I still have. The cheap stuff from China (such as high end shoe manufacturers) either don't last, don't fit or are so badly designed I can't wear them.
Perhaps some of the manufacturing will come back to North America since we're all going to be penniless and poor shortly.
Goldiegirl- Elite Member
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Re: Why Invest in Renminbi Yuan
We may also be going back to what it was like right after the Great Depression in the late 20ly 30's. Just hang on I think it's coming.
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Saint- VIP Member
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Re: Why Invest in Renminbi Yuan
We will see ... the US still accounts for something like 23% of the worlds GDP, despite the USA bashers like to say. Unions have played a role, but it's also a natural progression. Manufacturers will go to countries where they can find a labor pool of sufficiently skilled workers at the best possible price. That's a free market economy at it's best and worst.
*****************
Trust but Verify --- R Reagan
"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18
Kevind53- Super Moderator
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