The real ratio in my book has been 1:5, which would be a little hard for some to swallow at this juncture ...
Financial Markets Around World
- Thread starter 4Runner
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antiterror13
Brigadier
did you mean 1 USD = 5 RMB ? ... I don't think it will happen anytime soon
I know ... "which would be a little hard for some to swallow at this juncture ..."
antiterror13
Brigadier
Do you guys think DJIA 30 will reach 45K this year? ... When it reached 40K I was so surprised and I was so confident it would get back to 30-35K which I was wrong 
.. now it happily sits hovering at 42K
.. now it happily sits hovering at 42KWhy 1:5? That's never been achieved in history.
Pricing of fiat money is similar to pricing of stock ... nothing is real ... it is all relative in a very specific context.
antiterror13
Brigadier
That’s before China became a major exporter. It was kept near 1:1 exchange ratio with USD for ideological purposes.
antiterror13
Brigadier
And your point is?
I just answered the point @yungho mentioned #85.... "Why 1:5? That's never been achieved in history."