主题:【整理】zt China helpEurope, AF -- parishg
exchanged, WHERE Europeans can get money to pay back in RMB??
Q2. Given the large trade surplus China enjoyed against Europe, WHERE Europeans can get RMB to pay back loan in RMB?
If RMB is freely exchangeable under a set of new regime, then China is for sure to experience fast capital outflow. And China might soon face another financial crisis of itself.
It is catch-22 for China with this funny proposal. You should immediately figure out the proposer of this plan is brainless. The plan itself will make the system unstable at the beginning--and the default of loan almost 100% certain.
Historical comparison:
America lent money in USD to Europe after WWI and then depreciated USD in early 1930s. It enjoyed huge surplus against Europe in 1920s and early 1930 and is Europe's main creditor. BUT It passed special customs duty law to exclude European export from the US market.
Europeans asked Americans a simple question which signaled how self-contradictory Americans were: given that our export to the US market will be curtailed and we will NOT achieve net export to the US market, WHERE ARE WE GOING TO GET THE USD TO PAY back all the private and gov. loans?
Americans did not care about their self-contradiction and pushed Europeans to pay back debts, then in the end, Europe was pushed into another banking crisis in 1930s and finally ended up in war.
- 相关回复 上下关系8
🙂dumbed by Greek's stupidity. 1 parishg 字0 2011-11-01 09:53:04
🙂鸟卫视在谈论借IMF的是人民币, 将来要还人民币. 大漠孤烟远 字0 2011-10-29 01:53:40
🙂我也觉得有可能通过货币互换协议 bayerno 字238 2011-10-29 02:10:23
🙂if RMB is not freely exchang
🙂【商榷】借出的人民币其实就没准备被还过 3 陈王奋起 字358 2011-11-04 04:47:59
🙂Greeks can not even return 5 parishg 字1040 2011-11-04 17:54:45
🙂BUY GOLD, BUY COMMODITY, 3 parishg 字2616 2011-11-04 22:13:19
🙂如果世界经济放缓的话 1 rfid9968 字377 2011-11-06 12:07:49