超级军网MD已经开始打小白兔4万亿的主意了。大家近来看
来源：百度文库 编辑：超级军网 时间：2024/04/28 20:15:10
Do you truly believe that the West relies on the largesse of the East?
I think you missed the economic lecture on foreign exchange.
In a nutshell, China has been devaluing its currency for the past decade through its peg to the US Dollar. A peg requires foreign currency transactions as follows.
China sells the US a widget for one USD. China receives one USD. If they repatriate that one USD they need to provide an equivalent value in Yuan to get it home. The transaction is sell USD, buy Yuan. Net result is upward pressure on the Yuan.
Now, with the peg they don't want to let the Yuan appreciate, so they are in a spot of bother getting that USD back to China. So, they leave it in the US, invest it in US denominated assets or invest it elsewhere.
The result is that China has been 'leaving' its trade surplus with the US in the US, and the only investment that provides a large enough pool for this surplus is US Government Bonds. There we have it, China now through maintaining its peg and producing a trade surplus with the US now holds US investments, in bonds.
Nominally these are loans to the US, but if you've been reading the news over the past couple of years, the US Federal Reserve can also 'invest' in US bonds with the flick of the switch on the money printers.
So, China after building its investments in US bonds through trade finally realises that the real banker to the US is the Federal Reserve.
This brings the next problem, China isn't happy about the printing press activity, but what can it do with the trillions of USD assets it controls. Not much... As you then return to the first part of my comment. To exit their USD assets they need to sell Trillions of US dollars and buy something else. If they bought the Yuan, they it will appreciate >100% as the repatriation could be as large as the GDP. There isn't much else in the world that can take trillions of USD. They could buy a couple of African nations, but after the recent couple of weeks, buying a nation isn't a safe investment as you can't buy the people.
In summary, China may have trillions of US investments, but like any bank knows, if you can't get your money back (in this case because the FX implications are enormous), it's not really an asset you can carry on your books at full market value. Another subprime investment perhaps?Do you truly believe that the West relies on the largesse of the East?
I think you missed the economic lecture on foreign exchange.
In a nutshell, China has been devaluing its currency for the past decade through its peg to the US Dollar. A peg requires foreign currency transactions as follows.
China sells the US a widget for one USD. China receives one USD. If they repatriate that one USD they need to provide an equivalent value in Yuan to get it home. The transaction is sell USD, buy Yuan. Net result is upward pressure on the Yuan.
Now, with the peg they don't want to let the Yuan appreciate, so they are in a spot of bother getting that USD back to China. So, they leave it in the US, invest it in US denominated assets or invest it elsewhere.
The result is that China has been 'leaving' its trade surplus with the US in the US, and the only investment that provides a large enough pool for this surplus is US Government Bonds. There we have it, China now through maintaining its peg and producing a trade surplus with the US now holds US investments, in bonds.
Nominally these are loans to the US, but if you've been reading the news over the past couple of years, the US Federal Reserve can also 'invest' in US bonds with the flick of the switch on the money printers.
So, China after building its investments in US bonds through trade finally realises that the real banker to the US is the Federal Reserve.
This brings the next problem, China isn't happy about the printing press activity, but what can it do with the trillions of USD assets it controls. Not much... As you then return to the first part of my comment. To exit their USD assets they need to sell Trillions of US dollars and buy something else. If they bought the Yuan, they it will appreciate >100% as the repatriation could be as large as the GDP. There isn't much else in the world that can take trillions of USD. They could buy a couple of African nations, but after the recent couple of weeks, buying a nation isn't a safe investment as you can't buy the people.
In summary, China may have trillions of US investments, but like any bank knows, if you can't get your money back (in this case because the FX implications are enormous), it's not really an asset you can carry on your books at full market value. Another subprime investment perhaps?
I think you missed the economic lecture on foreign exchange.
In a nutshell, China has been devaluing its currency for the past decade through its peg to the US Dollar. A peg requires foreign currency transactions as follows.
China sells the US a widget for one USD. China receives one USD. If they repatriate that one USD they need to provide an equivalent value in Yuan to get it home. The transaction is sell USD, buy Yuan. Net result is upward pressure on the Yuan.
Now, with the peg they don't want to let the Yuan appreciate, so they are in a spot of bother getting that USD back to China. So, they leave it in the US, invest it in US denominated assets or invest it elsewhere.
The result is that China has been 'leaving' its trade surplus with the US in the US, and the only investment that provides a large enough pool for this surplus is US Government Bonds. There we have it, China now through maintaining its peg and producing a trade surplus with the US now holds US investments, in bonds.
Nominally these are loans to the US, but if you've been reading the news over the past couple of years, the US Federal Reserve can also 'invest' in US bonds with the flick of the switch on the money printers.
So, China after building its investments in US bonds through trade finally realises that the real banker to the US is the Federal Reserve.
This brings the next problem, China isn't happy about the printing press activity, but what can it do with the trillions of USD assets it controls. Not much... As you then return to the first part of my comment. To exit their USD assets they need to sell Trillions of US dollars and buy something else. If they bought the Yuan, they it will appreciate >100% as the repatriation could be as large as the GDP. There isn't much else in the world that can take trillions of USD. They could buy a couple of African nations, but after the recent couple of weeks, buying a nation isn't a safe investment as you can't buy the people.
In summary, China may have trillions of US investments, but like any bank knows, if you can't get your money back (in this case because the FX implications are enormous), it's not really an asset you can carry on your books at full market value. Another subprime investment perhaps?Do you truly believe that the West relies on the largesse of the East?
I think you missed the economic lecture on foreign exchange.
In a nutshell, China has been devaluing its currency for the past decade through its peg to the US Dollar. A peg requires foreign currency transactions as follows.
China sells the US a widget for one USD. China receives one USD. If they repatriate that one USD they need to provide an equivalent value in Yuan to get it home. The transaction is sell USD, buy Yuan. Net result is upward pressure on the Yuan.
Now, with the peg they don't want to let the Yuan appreciate, so they are in a spot of bother getting that USD back to China. So, they leave it in the US, invest it in US denominated assets or invest it elsewhere.
The result is that China has been 'leaving' its trade surplus with the US in the US, and the only investment that provides a large enough pool for this surplus is US Government Bonds. There we have it, China now through maintaining its peg and producing a trade surplus with the US now holds US investments, in bonds.
Nominally these are loans to the US, but if you've been reading the news over the past couple of years, the US Federal Reserve can also 'invest' in US bonds with the flick of the switch on the money printers.
So, China after building its investments in US bonds through trade finally realises that the real banker to the US is the Federal Reserve.
This brings the next problem, China isn't happy about the printing press activity, but what can it do with the trillions of USD assets it controls. Not much... As you then return to the first part of my comment. To exit their USD assets they need to sell Trillions of US dollars and buy something else. If they bought the Yuan, they it will appreciate >100% as the repatriation could be as large as the GDP. There isn't much else in the world that can take trillions of USD. They could buy a couple of African nations, but after the recent couple of weeks, buying a nation isn't a safe investment as you can't buy the people.
In summary, China may have trillions of US investments, but like any bank knows, if you can't get your money back (in this case because the FX implications are enormous), it's not really an asset you can carry on your books at full market value. Another subprime investment perhaps?
求翻译帝
不懂方言
没有翻译，过分啊，我是文盲
这英语水平，感觉像是国产的。
google的翻译：
难道你真的认为西方对东方的慷慨依赖？
我想你错过了对外汇的经济讲座。
概括地说，中国已在过去十年贬值通过其钉住美元的货币。一个陀螺要求外国货币交易如下。
中国出售美国一美元一个小部件。中国接受一美元。如果他们遣返，一个美元，他们需要提供一个元等值得到它带回家。该交易是卖出美元，买进人民币。最终结果是对人民币升值的压力。
现在，随着挂他们不想让人民币升值，所以他们在一个越来越麻烦，美元回中国的地方。因此，他们留在美国，它，投资于以美元为基础资产，或投资在其他地方。
其结果是，中国已经'离开'与在美国的美国贸易盈余，只有投资为此提供了一个足够大的水池盈余是美国政府债券。在那里，我们拥有了它，现在中国通过保持其PEG和生产出对美国的贸易顺差目前持有美国债券的投资。
名义上这是美国的贷款，但如果你已经读过了过去几年的消息，美国联邦储备委员会也可以'投资在美国债券与金钱上的打印机开关轻弹。
因此，中国建立后，美国债券的投资，通过贸易最终实现真正的银行家，美国是联邦储备委员会。
这会带来一个问题，中国是不是印刷机活动感到高兴，但它能做什么用美元资产它控制万亿美元。没有太多...当你再回到我的评论的第一部分。要退出他们的美元资产，他们需要出售万亿美元买别的东西。如果他们买了万元的，它会明白的遣返可能会像国内生产总值的大型“100％。没有多少人在世界上，可以采取万亿美元。他们可以买几个非洲国家，但在最近几个星期买一个民族，不是一个安全的投资，因为你买不到的人。
总之，中国可能有上万亿美元的投资，但像任何银行都知道，如果你不能得到你的钱回来了（在这种情况下，因为外汇的影响是巨大的），它不是一个真正的资产，你可以在您的书籍随身携带充分的市场价值。另一个次级投资吧？
朗读
显示对应的拉丁字符的拼音字典 - 查看字典详细内容
难道你真的认为西方对东方的慷慨依赖？
我想你错过了对外汇的经济讲座。
概括地说，中国已在过去十年贬值通过其钉住美元的货币。一个陀螺要求外国货币交易如下。
中国出售美国一美元一个小部件。中国接受一美元。如果他们遣返，一个美元，他们需要提供一个元等值得到它带回家。该交易是卖出美元，买进人民币。最终结果是对人民币升值的压力。
现在，随着挂他们不想让人民币升值，所以他们在一个越来越麻烦，美元回中国的地方。因此，他们留在美国，它，投资于以美元为基础资产，或投资在其他地方。
其结果是，中国已经'离开'与在美国的美国贸易盈余，只有投资为此提供了一个足够大的水池盈余是美国政府债券。在那里，我们拥有了它，现在中国通过保持其PEG和生产出对美国的贸易顺差目前持有美国债券的投资。
名义上这是美国的贷款，但如果你已经读过了过去几年的消息，美国联邦储备委员会也可以'投资在美国债券与金钱上的打印机开关轻弹。
因此，中国建立后，美国债券的投资，通过贸易最终实现真正的银行家，美国是联邦储备委员会。
这会带来一个问题，中国是不是印刷机活动感到高兴，但它能做什么用美元资产它控制万亿美元。没有太多...当你再回到我的评论的第一部分。要退出他们的美元资产，他们需要出售万亿美元买别的东西。如果他们买了万元的，它会明白的遣返可能会像国内生产总值的大型“100％。没有多少人在世界上，可以采取万亿美元。他们可以买几个非洲国家，但在最近几个星期买一个民族，不是一个安全的投资，因为你买不到的人。
总之，中国可能有上万亿美元的投资，但像任何银行都知道，如果你不能得到你的钱回来了（在这种情况下，因为外汇的影响是巨大的），它不是一个真正的资产，你可以在您的书籍随身携带充分的市场价值。另一个次级投资吧？
朗读
显示对应的拉丁字符的拼音字典 - 查看字典详细内容
全文主要部分是关于货币冲击和平衡的问题. 的确, 美刀资金账户是在MD那里.
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In summary, China may have trillions of US investments, but like any bank knows, if you can't get your money back (in this case because the FX implications are enormous), it's not really an asset you can carry on your books at full market value. Another subprime investment perhaps?
亮点在这里,第一,通过汇率因素例如超发美元造成TG实际资产的贬值,黄金变废纸;第二,再多的欠债,只要我不还那就还在我口袋里,你TG照样没钱照样吃不了饭!
但这样想的人脑子也是进水的,第一,地球上不是TG一个债主,都变废纸了估计就是自己的狗都要咬你一口了;第二,欠钱不还,再次融资的成本得多高?OK,自己买回去?兔子国民没意见!
但最近MD修正兔子和约翰牛的持债比例倒是很耐人.英国下调那么多,差额都是TG通过伦敦的金融机构买进的,真是@%@$$@^我比较无语了,待高人解惑了!
In summary, China may have trillions of US investments, but like any bank knows, if you can't get your money back (in this case because the FX implications are enormous), it's not really an asset you can carry on your books at full market value. Another subprime investment perhaps?
亮点在这里,第一,通过汇率因素例如超发美元造成TG实际资产的贬值,黄金变废纸;第二,再多的欠债,只要我不还那就还在我口袋里,你TG照样没钱照样吃不了饭!
但这样想的人脑子也是进水的,第一,地球上不是TG一个债主,都变废纸了估计就是自己的狗都要咬你一口了;第二,欠钱不还,再次融资的成本得多高?OK,自己买回去?兔子国民没意见!
但最近MD修正兔子和约翰牛的持债比例倒是很耐人.英国下调那么多,差额都是TG通过伦敦的金融机构买进的,真是@%@$$@^我比较无语了,待高人解惑了!
不懂的说