My understanding of how the RMB generates value is this. Ask professionals to comment: for example, the banknote printing factory printed 654.38+0 billion RMB, and then only supplied it.

The biggest lie in the first chapter is that "the printing machine prints money indiscriminately every day", and buying a house to fight inflation will be a historical joke.

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House price is a boat, and money is water. The next decade may be a vicious circle of deflation and falling house prices. The main reasons are:

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The calculation results show that printing banknotes indiscriminately is a big lie, and the real reasons for the currency flooding are "excessive foreign exchange savings" and "inflated currency multiplier".

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Once house prices plummet, hot money will take the lead in fleeing, foreign investors may partially withdraw their funds, immigration opportunities will intensify, and foreign exchange will be looted.

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Printing money depends on foreign exchange to lay the curse. Once the foreign exchange is greatly reduced, the foreign exchange account will be greatly reduced, and the currency multiplier in the bear market will inevitably decrease. So, it must have been severe deflation at that time.

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Chapter 1 Section 1 The ins and outs of inflation show that the real estate speculators who steal money are calling for thieves to catch them.

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First of all, the director of the paper money bubble is Fu Zheng.

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Selected Works of Chen Yun: "1962, the currency circulation reached13 billion yuan, while the social circulation was only 7 billion yuan. What about the other 6 billion? " Is to engage in a few high-priced goods and recover 6 billion at once, and the market price will be stable. "In other words, the basic idea of government regulation is to set up a pool of funds in various places, recycle excess currency, and levy seigniorage (currency tax).

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After the reform and opening up, the system was changed to a market economy, the productivity was greatly improved, and the currency and prices were in line with international standards. Many people have a lot of "money" in their pockets and need to recycle the extra money. Moreover, the government needs to levy seigniorage and local governments need to engage in land finance, so the "housekeeper-style currency pool" came into being.

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Second, the chief culprit of inflation is real estate speculation.

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1, the real interest groups are the perpetrators of inflation.

Real estate interest groups have nothing to hide, speculating on the concept of inflation expectations, shouting "paper money will eventually become toilet paper, and only fools will put money in the bank"

→ As a result, the house price keeps rising, and the house price bubble (stone) keeps increasing. Just like the story of a crow adding stones to drink water, the stone in a small water bottle keeps increasing.

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

Real estate speculation

→ resulting in a large number of "development loan application forms" and "mortgage application forms"

→ So the money sent by the banknote printing factory keeps flowing into the "house money pool". By the first half of 20 12, the balance of individual housing loans of major financial institutions in China had reached 6.9 trillion yuan, 363 times that of the end of197.

→ A city sells 400,000 houses in ten years * The average price increase of each house is 500,000 = the market value of a city is 200 billion more. As long as a part of it flows out, there will be "money and water flooding" everywhere.

3. Rising house prices have led to an increasing "infrastructure currency pool".

Real estate speculation

→ Leading to more and more land auction income of local governments.

→ resulting in a large number of "urban infrastructure loan applications" received by banks.

→ So the money from the printing press keeps flowing into "Infrastructure Qian Ku". A large amount of capital construction funds fell into the pockets of corrupt officials, so "Fang Jie", "Fang Jie" and "Fang Shu" appeared in large numbers.

→ 3 million was fired into 20 million, and there was money to immigrate. The migration tide has caused a great loss of talents and wealth.

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4. The rise of house price is the main reason for the increase of foreign exchange (base currency).

Real estate speculation

→ Make the government rich, vigorously carry out infrastructure construction and attract investment.

→ causing foreign capital and hot money to come to China with dollars.

→ As a result, the money printing machine prints money to buy dollars, that is, "foreign exchange accounts for more and more".

The continuous inflow of dollars has caused serious imported inflation.

→ push up housing prices.

→ lead to an increase in RMB deposit interest rates.

→ More and more dollars are brought by foreign capital and hot money.

→ caused the American banknote printing factory to work overtime.

→ The real estate speculators shouted that "inflation exists all over the world, and it is impossible for China to print less money."

→ lead to rising house prices and drive the printing machine to operate.