[Epoch Times December 13, 2021]Hello everyone, this is Zhao Pei.
Today’s focus: The CCP’s monetary policy robs the Chinese! Turkey’s learning from the CCP model caused the lira to plummet, and public grievances boiled!
The previous program mentioned that on December 3, 2021, Li Keqiang had hinted that the Central Bank of the Communist Party of China would lower its RRR. On December 6, the People’s Bank of China said that it would lower the deposit reserve ratio of financial institutions by 0.5 percentage points from December 15. According to external analysis, the RRR cut will release 1.2 trillion yuan, a hedge against the 950 billion yuan due to the MLF in December. (Zhao Peiwei video)
These professional terms are difficult for ordinary people to understand. To repeat it as ordinary people can understand, the central bank cuts the RRR, and major banks can issue more new loans. How much? An increase of 1.2 trillion yuan, but the debt due in December is 950 billion yuan, so the Chinese market has an extra 250 billion yuan. This money is for local governments and state-owned enterprises to prepare for the New Year.
The CCP’s local governments and state-owned enterprises’ debts are no longer repayable. By the end of the year, there are many debt collectors, and the CCP can only borrow new debts to repay old debts. The outside world predicts that before the Fed raises interest rates next year, the CCP will cut its RRR once, or even once.
Now that global inflation is high, that is, prices are soaring, the Chairman of the Federal Reserve has clearly indicated that it will speed up the reduction and raise interest rates as soon as possible to stabilize prices. If the CCP cuts interest rates, China’s prices will continue to rise, and the Chinese people will suffer.
Raising prices is not a big deal among the CCP’s evil deeds. The CCP’s devaluation of the renminbi is a direct looting of Chinese wealth. In 1981, the official price of the Chinese Communist Party was 2.8 yuan per US dollar. By December 31, 1993, the renminbi had depreciated to 5.80 yuan per US dollar. This was a plunder of Chinese wealth. Because the CCP’s wages to Chinese people are all renminbi, for example, 100 yuan is calculated at 2.8 yuan per US dollar, which is US$35.71, and 4 McDonald’s meals. By December 31, 1993, there was only US$17.24 left for the money, and only two McDonald’s meals were left.
The CCP’s devaluation of the renminbi has benefited the Communist Party and foreign capital. The Communist Party and foreign capital export and sell goods in U.S. dollars, but they use the renminbi to hire Chinese people, and they have made a lot of money. The depreciation of 1 U.S. dollar to 2.8 yuan in 1981 to 5.80 yuan on December 31, 1993 was equivalent to plundering half of the labor value of the Chinese, but it still did not satisfy the CCP’s appetite. From December 31, 1993 to January 1, 1994, overnight, the renminbi fell from 5.80 yuan per U.S. dollar to 8.70 yuan per U.S. dollar. The speed of plunder was extremely rapid. The Chinese people’s poverty was plundered by the CCP. Caused.
Some people still dare to say that the CCP’s policies are good. In these two days, there has been a country that has learned that the CCP has messed up its economy. This country is Turkey. Now that inflation is soaring, the Federal Reserve says it will raise interest rates, and the Bank of Canada says it will raise interest rates. This is normal people’s thinking, but this Turkey wants to learn from the CCP’s monetary policy.
In November, Turkey cut interest rates by 1 percentage point, the Turkish currency lira plummeted by 50%, domestic inflation was 21%, domestic prices were soaring, and the people didn’t have a living. Apple closed its doors in Turkey to thank customers, and its official website did not sell goods to Turkey, just because the lira depreciated too fast, selling a mobile phone at a loss.
In this way, the Turkish president also urged the people to bear with it patiently. After the currency depreciation, the West will invest in Turkey. This is the Chinese Communist Party’s thinking, which is to plunder the wealth of its own people together with Western capital. But the outside world doesn’t think so, thinking that Turkey will fail if it follows the CCP model because the Turks are not Chinese, and the Chinese are smarter and harder than the Turks.
A good economy in China is basically a good thing for the Chinese people, and it is the result of overcoming the CCP’s scourge. The CCP advocates that its economic policy is good, which is compared with its previous Cultural Revolution and the Great Leap Forward. The reform and opening policy also contained many evil policies that plundered the people. When the Turkish president learns these policies, he is learning bad governance. The Turkish people are not as tolerant as the Chinese, and there will be trouble in the future.
Thank you everyone for watching the micro video and welcome to subscribe to our channel
Watch the video: https://www.youtube.com/watch?v=2IwfQrFO5gg
Subscribe to YouTube: https://bit.ly/3jLx38F
订阅Youmaker：https://www.youmaker.com/c/weishipin
“Zhao Pei Micro Video” Production Team
Editor in charge: Li Hao#
.