Wednesday, July 27, 2005

China and the Renminbi/Yuan

China has been creating out of thin air plenty of Yuan/Renminbi over the last several years and it looks like they will be creating plenty more over the coming years. I wouldn't be surprised that at some point there is a rising prices problem in China and a lot of unhappy Chinese. I don't have a sense for when though.

This Alex Wallenwein is one smart cookie and has written a couple of articles about China and its fiat token.

CHINA'S DIRTY TRICK

CHINA: From Revolution to Revaluation

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