The "July 7th Incident" in China's Currency War!
2006/3/10 0:47:02
Old post
Today, the "PBOC Reforms RMB Exchange Rate Formation Mechanism, Adjusts Price Against USD" — eagerly anticipated by all Western nations — was finally announced. Today, July 21st, 2005 AD, will be remembered in history as: the "July 7th Incident" of China's currency war.
History is forever composed of short-sightedness, just as fluctuations arise from impulse. But just as impulse cannot produce truly large-cycle fluctuations, short-sightedness can only constitute the surface of history, and history thus becomes a mockery of short-sightedness.
Reviewing history is often utterly meaningless. If historical repetition could truly be heeded, history would have no more tragedies. The tragedies are the same, but the people and events composing tragedies are forever different. And everyone thinks they're watching the play — who among them isn't a character in it?
Every event is both accidental and inevitable. No truly significant event hasn't been brought about by others' ambitions and conspiracies. Now the champagne can be uncorked, but Chinese people's history has nothing to do with champagne. Yet, the future of the Chinese people will from now on be forever linked to champagne — this too will eventually become history, and history has always been a joke.
We can finally buy cheap cars, but cars cannot fit 1.3 billion Chinese; we can finally join the G8, G9 club, but what does that have to do with China? History only believes that there is no free lunch in this world — those who wade into the fray must eventually pay.
The world's globalized capital system can celebrate heaven! But the world remains the world. What is the world? At the very least, the world will never be heaven. Now that we've become the world's factory and the world's market, today we have finally become part of the world's shared prosperity. One World, One Dream — tonight, universal harmony!!
China has finally become part of the world, but can the world still become part of China?