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Banned: denny007 · 05-16-2006, 12:23 AM

Well I have no plans to leave the U.S. and head for China just yet.

So many possibilities to make money here in China... In the US I would at most wash toillets in Wal-Mart, here I make big bucks.

convert U.S. dollars to Chinese Yuan...Zero risk

You underestimate Chinese government. To date there is recently 12 digit ammount of speculation US dollar converted to RMB. The goverment takes 2 measures: they print a lot of new RMB (more than FED does of US$

, which on one hand causes inflation, but also lower FOREX value of the RMB. Also they revaluate the currency so slow, that would be better to buy US$ bonds wih 5% coupon (with one exception - January 2006 "one-shot" 2.5% revaluation).

05-16-2006, 12:23 AM	#6 (permalink)
Banned: denny007 Account Terminated Last Online: 05-28-2008 11:10 PM iTrader: (40) Join Date: Oct 2004 Posts: 2,839 DNF$: 9,823 Country:	Re: US Traffic Classified as Junk Well I have no plans to leave the U.S. and head for China just yet. So many possibilities to make money here in China... In the US I would at most wash toillets in Wal-Mart, here I make big bucks. convert U.S. dollars to Chinese Yuan...Zero risk You underestimate Chinese government. To date there is recently 12 digit ammount of speculation US dollar converted to RMB. The goverment takes 2 measures: they print a lot of new RMB (more than FED does of US$ , which on one hand causes inflation, but also lower FOREX value of the RMB. Also they revaluate the currency so slow, that would be better to buy US$ bonds wih 5% coupon (with one exception - January 2006 "one-shot" 2.5% revaluation).