Translated by: MOS Education Team – Winsun
On November 15th, Miles Guo pointed out on GETTR that the digital Renminbi (RMB) introduced by the Chinese Communist Party will surely trigger a complete collapse of its economy. Once the CCP loses control of its currency, it will no longer be able to continue to enslave 1.4 billion of its compatriots, and it will no longer be able to get involved with Taiwan Semiconductor Manufacturing Company (TSMC).
According to Miles Guo Said, the Shanghai Digital Currency Research Center recently issued repeated warnings to the People’s Bank of China, stating that there is absolutely no possibility of circulation of the digital RMB.
There is a natural contradiction between the circulation of the digital RMB and the issuance of major bank notes. Further, digital RMBs cannot be coordinated on issues, such as the standardization and reduction of statutory reserve requirement ratio (RRR). The consequence is that the Chinese people and the Chinese Communist government will develop a confrontation between the digital and the paper RMB.
At the same time, the digital RMB itself has natural flaws. As a digital currency, it has neither decentralized technical security advantages nor a clear centralized management and issuance mechanism. Once it is fully issued, it will inevitably cause economic disaster.
Miles Guo said that the financial system of the New Federal State of China (NFSC) was born at this moment, which is both its fortune and destiny. NFSC will surely succeed the CCP and lead 1.4 billion Chinese to realize real wealth, security and freedom.
Edited by: James Zoebel
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