Chinese professor propaganda

A friend of mine just sent me this video on youtube, it's kind of insane. Even though some of the intents are reasonable, the material is still fear-mongering. Can't believe people still make things like that!

http://www.youtube.com/watch?v=OTSQozWP-rM&feature=youtube_gdata_player

I mean, it's in China's own interest to keep the value of USD stable. if the value of USD suddenly drops, then all the USD assets that China owns will become worthless. Plus, Chinese government needs a safe place to park all its capital; in the world we live right now, there's no place safer and more stable than US.

If US goes down, China goes down with it (at least in the short run). Had the international economy be relying on Chinese Yuan instead of USD, China would have to make the value of Yuan fluid, therefore subjecting itself to severe loss of export.

I think this commercial is kind of funny--i would be interested in seeing how people will react to it when 2030 actually comes.

One blog post a day

Starting from today, I will try to write one blog per day on finance/economy. Most of them will be my musings on the articles I read elsewhere. Hopefully as my writing and understanding matures, I will be able to bring better quality posts.