Recently, I chatted with a Vietnamese buddy, and he smiled bitterly and said that they seemed to have been suddenly "flattened" by the United States. They wanted to emulate our "rabbit" strategy, but unfortunately before the time came, it became a joke of imitation. Those who shout every day that Vietnam wants to catch up with and surpass the "rabbit" can be regarded as a slap in the face this time. The United States moved its fingers slightly, and Vietnam's currency crumbled, and this face was beaten, oops, that sound!
Having said that, this matter also reminds us that strength is the last word, don't be in a hurry to imitate, first practice your own internal skills is the king. Although Vietnam has planted a problem this time, it can be regarded as a wake-up call for them, if they want to challenge the "rabbit", they must first weigh their own weight.
In short, there is no love for no reason in this world, and there is no hate for no reason, everything has to rely on strength to speak. The experience of the Vietnamese friends this time can be regarded as a vivid "strength lesson" for them.
Maybe you wonder, the exchange rate has fallen, and the factory seems to be stable, how can the United States pick up this "cheap"?
Don't worry, this matter has to be said in a long way. Imagine, if you owe a mountain of dollar debts, and the exchange rate collapses like this, even if you sell your property and mortgage your factory, the debt will still stare at you like a hungry wolf, and you can't feed it no matter how you fill it, and you will end up empty.
When the exchange rate collapses, it's like opening the devil's box. The cost of imported goods has skyrocketed, like a wild horse that has escaped, and everyone in the export market is desperately trying to reduce prices in order to grab customers. You descend and I will descend, and in the end, everyone will be reduced to nothing, how can this business be done?
So, don't think that the more you produce, the more you earn, the more you don't produce, the more you lose. This is not a trick, it's all real money!
Talking about the things about the dollar bottom, it's really emotional. Do you know that as soon as the dollar capital arrived, our hard-earned money changed owners, and the hard-earned money flowed into the pockets of Americans?
When you say this, is it the same as when you borrowed a huge amount of money to buy a house, and then the house price plummeted? Although the house is still there, the debt is like a mountain, and it makes my chest feel tight when I think about it!
At this time, some people may say: "Look, the exchange rate of 'rabbit' was 6.5 at that time, and now it has risen to 7.2, isn't it also calculated by Lao Mei?" "Well, that's a hasty statement.
Our "rabbit" is a smart person, who is not burdened by foreign debts, and still holds US bonds as bargaining chips. As soon as the Fed raised interest rates, the "rabbits" sold US bonds without fear. Not to mention, the "rabbit" still has the world's largest gold reserves hidden in its pocket! Oil, gas? RMB settlement, Lao Mei wants to calculate? It's not that easy!
Let's settle the economic accounts together. You deposit 10 yuan into the bank, and after a few years you get 1 yuan of interest, can this be said to be a loss? That's earned!
Looking at the exchange rate chart of the "rabbit", it took two years to depreciate by 10% from 6.3 in March 2023 to 7.2 in May 2024. This is simply a perfect soft landing, with a steady adjustment of the exchange rate. Those who want to make quick money are going to be disappointed this time.
Look at Vietnam again, ouch, it has depreciated by 10% in two months, this speed is as exciting as riding a roller coaster! You have to be strong enough to have a heart!
Imagine, two years ago, if a dollar of "spare money" wanted to come to China to "visit relatives", it would have to wait patiently for two and a half years before it could become a "little chubby child". But if this dollar goes to Vietnam to "play in the mountains and rivers", wow, look, in just two months, he can become a "monopoly"! This speed is even more windy than a sports car!
Okay, let's pull the abacus together. Take a look at the money-making skills on both sides, and you will definitely be dumbfounded - Vietnam has been "fooled" enough by the United States! Also, Vietnam's exchange rate is still sliding vigorously, and it is a roller coaster that can't stop the car, which makes people frightened.
Heck, it looks like the craze for Vietnam is starting to ebb, and now the weather vane seems to be turning, and Iraq is the new darling. Oh mom, it's really thirty years in Hedong, thirty years in Hexi! Maybe Timor-Leste will emerge as the new darling! This world is getting fast, let's keep our eyes open and watch a good show!
Feng Shui takes turns, and the tide always changes. The Vietnam fever has passed, and Iraq is in the red. Who will be in charge of the ups and downs in the future? Perhaps Timor-Leste will come to the fore. Wait and see who will be the next hot on the cusp!
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