@LukeGromen Hi Luke again forgive me, I don’t know you. I keep to myself; never seek the council of wise guys. But you must have a superpower- i can see you have lots of followers. So what gives?
I’m guessing you have a positive disposition towards Chinese assets. I’m really cool with that. I’ve been there, done that. I wouldn’t fight that now.
But you seem to want to use some pretty wacko economics to justify yourself. This is an open letter to say it’s not necessary.
Commodity producers typically squander their legacy- blame complacency. They always need $s. Some might accept CNH but only because it’s backed by dollar reserves
You try too hard to assert that CNH is the future. That they can print fiat and buy oil - so can everyone ! but v few need capital controls...
But hey chill, the USD is slipping, the CNH seems set to slowly appreciate once more and their manic bureaucrats can continue painting the Beijing stock tape higher unfettered.
This should be the best of times for you. Maybe we should douche it out on a call and share with everyone? Although apart from your weird economics I really don’t know that we disagree on much. Maybe you can enlighten me...best, HH
