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Economist Lu Qiyuan from Dongguo predicted in May 2021 that the US dollar would weaken in the coming years, the renminbi could appreciate to 1:3, and China's GDP would surpass that of the United States in 2024. In two weeks, we will step into 2025. This reminds me of Lin Yifu's prediction: China will surpass the United States in 2025 and become the world's largest economy. Fellow villagers, just hold on for another 15 days. Good days are just around the corner.
The village party secretary's meeting in Dongguo has developed a rough response plan for Trump's return to the White House. Considering that the most important support for the Chinese economy, exports, will be impacted, it is clear that maintaining foreign exchange reserves is no longer feasible, so they propose 'more proactive fiscal policy' + 'moderately loose monetary policy'.
This means that the benchmark interest rate will drop below 1, and the scale of government borrowing will further increase, leading to the inevitable abandonment of the hard-won renminbi exchange rate! Excessive liquidity will bring about significant depreciation; since no one is willing to spend money, the only option is to make the money everyone holds worthless.
The renminbi's exchange rate against the dollar will surely reach 8. With a strong US economy, US stocks will continue to rise, and the dollar will continue to strengthen. Dongguo believes that if the Federal Reserve cuts interest rates, the dollar will weaken, capital will flow back, and then a series of stimulus plans for A-shares to soar will be developed. However, within a week, the stock market plummeted, and many retail investors were trapped as cannon fodder.
Currently, local debt is overwhelming, and issuing national bonds to rescue the market is just a drop in the bucket, while the real economy continues to decline. The areas of investment for retail investors or ordinary people are almost all dead ends or traps for harvesting.
At present, most of the cattle and horses in Dongguo cannot participate in the US stock market, missing the wealth train. Therefore, the cryptocurrency market is a relatively good choice. After all, in a bull market, buying cryptocurrencies at the bottom and holding them for appreciation is sufficient. Looking at past bull market cycles, from April 21, when BTC halved to the end, it lasted nearly 546 days. There are still 336 days until the end. Everyone should seize the opportunity of the major upward trend market, which lasts around 120 days. The second half of the bull market has just begun.
The village party secretary's meeting in Dongguo has developed a rough response plan for Trump's return to the White House. Considering that the most important support for the Chinese economy, exports, will be impacted, it is clear that maintaining foreign exchange reserves is no longer feasible, so they propose 'more proactive fiscal policy' + 'moderately loose monetary policy'.
This means that the benchmark interest rate will drop below 1, and the scale of government borrowing will further increase, leading to the inevitable abandonment of the hard-won renminbi exchange rate! Excessive liquidity will bring about significant depreciation; since no one is willing to spend money, the only option is to make the money everyone holds worthless.
The renminbi's exchange rate against the dollar will surely reach 8. With a strong US economy, US stocks will continue to rise, and the dollar will continue to strengthen. Dongguo believes that if the Federal Reserve cuts interest rates, the dollar will weaken, capital will flow back, and then a series of stimulus plans for A-shares to soar will be developed. However, within a week, the stock market plummeted, and many retail investors were trapped as cannon fodder.
Currently, local debt is overwhelming, and issuing national bonds to rescue the market is just a drop in the bucket, while the real economy continues to decline. The areas of investment for retail investors or ordinary people are almost all dead ends or traps for harvesting.
At present, most of the cattle and horses in Dongguo cannot participate in the US stock market, missing the wealth train. Therefore, the cryptocurrency market is a relatively good choice. After all, in a bull market, buying cryptocurrencies at the bottom and holding them for appreciation is sufficient. Looking at past bull market cycles, from April 21, when BTC halved to the end, it lasted nearly 546 days. There are still 336 days until the end. Everyone should seize the opportunity of the major upward trend market, which lasts around 120 days. The second half of the bull market has just begun.
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