My understanding of how the RMB generates value is this. Please comment from professionals: For example, a banknote printing factory prints 10 billion RMB, and then supplies only

The biggest lie in Chapter 1 is that "money printing machines are printing money every day", and buying a house to resist inflation will be a historical joke

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House prices are like ships, and currency is like water. The next decade is likely to be a vicious cycle of deflation and falling house prices. The main reasons are:

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The calculation results show that printing money indiscriminately is a big lie, and the real cause of currency flooding is "excessive foreign exchange reserves" and "the currency multiplier is inflated" .

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Once housing prices plummet, hot money will take the lead to leave, foreign businessmen may partially withdraw their investment, the immigration wave will intensify, and foreign exchange will be robbed.

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Reliance on foreign exchange for printing money lays the foundation for disaster. Once foreign exchange is greatly reduced, foreign exchange holdings will be greatly reduced. In addition, the currency multiplier will inevitably decrease in the housing bear market. Therefore, then There must be severe deflation.

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Chapter 1 Section 1 Introduction to the Ins and Outs of Inflation , the real estate speculators who stole money are shouting to catch the thief

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1. The director of the paper money bubble is Zheng Fu

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"Selected Works of Chen Yun": "In 1962, the currency circulation reached 13 billion yuan, but the social circulation was only 7 billion yuan. What to do with the other 6 billion yuan? Just do it After buying several high-priced goods, six billion yuan was recovered at once, and the market price stabilized." In other words, the basic idea of ????the government's money trapping and regulation is to establish currency pools everywhere to recover excess currency to collect seigniorage. currency tax).

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After the reform and opening up, the system has transformed into a market economy, productivity has been greatly improved, and currency and prices have been in line with international standards. Many people have a lot of "money" in their pockets and need to recycle excess currency. , and the government needs to collect seigniorage, and the local government needs to engage in land finance, so the "housekeeping currency pool" came into being.

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2. The main culprit of inflation is nationwide real estate speculation.

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1. Real estate speculation interest groups are the perpetrators of inflation

Real estate speculation interest groups are emboldened and hype up the concept of inflation expectations, shouting that "paper money will eventually become paper money, and only fools keep their money in banks" ”

→As a result, housing prices continue to rise, and housing price bubbles (stones) continue to increase, just like in the story of a crow adding stones to drink water, the number of stones in the small water bottle continues to increase.

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2. The real estate market is the largest customer of the money printing machine, and the real estate market is the largest currency pool

Big real estate speculation

→ This led to a large increase in "development loan application forms" and "mortgage application forms"

→ As a result, the currency issued by the banknote printing plant continued to flow into the "housekeeping currency pool". By the first half of 2012, the balance of personal housing loans by major financial institutions across the country reached 6.9 trillion yuan, 363 times that at the end of 1997

→ 400,000 houses were sold in a certain city in the past ten years* average A price increase of 500,000 yuan per unit = a city’s market value will increase by 200 billion yuan. As long as some of it flows out, money will flood everywhere.

3. The rising housing prices have led to an increasing “infrastructure money pool”

Big real estate speculation

→ As a result, local governments’ income from land auctions has increased. More and more

→ As a result, banks received a huge number of "urban infrastructure loan applications"

→As a result, the currency from the money printing machine continued to flow into the "infrastructure currency pool" . A lot of money for infrastructure construction fell into the pockets of corrupt officials, so "house sisters", "house sisters" and "house uncles"... appeared in large numbers

→ 3 million yuan was flipped into 20 million yuan, So I had money and immigrated. Immigration has resulted in a massive loss of talent and wealth.

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4. The continuous rise in housing prices is the main reason for the increasing amount of foreign exchange (base currency).

Big real estate speculation

→It made the government very rich, engaged in infrastructure construction, and vigorously attracted investment

→It caused foreign investment and hot money to come to China with U.S. dollars

→It caused the money printing press to print a lot of money. There are more and more dollars being purchased with banknotes, that is, "foreign exchange funds"

→The continuous inflow of U.S. dollars has formed serious imported inflation

→Pushing up housing prices

→Leading to an increase in RMB deposit interest rates

→Leading to more and more U.S. dollars brought in by foreign investment and hot money

→Leading US banknote printing plants to work overtime

→The profiteers of real estate speculators shouted, "Inflation is happening all over the world, and it is impossible for China not to print a lot of money."

→As a result, rising housing prices have driven the money printing press to run.