Cut off from the umbilical cord YinChaoChang to inflation

The price of gold irrational rise reflects global investors for inflation is irrational panic. Beijing time November 9, early morning, gold futures closed at $1400 a Troy ounce mark and create a new record. This is a historic moment that gold has become the largest public haven that global investors for inflation expectations are already out potential of the water out, not stem. Only see a product, can let us discovering the power of inflation. China's cotton association web site monitoring MLB Jerseys data shows, on September 1,, the China cotton price 328 index (standard cotton) only for 18002 yuan/ton, and to November 3, the index straight line surged to 27701 yuan/ton, rises have as high as 53.88%. At the same time, zhengzhou period from early September cotton 17895 yuan/ton rising all the way around, to November 3, CF1105 main contract makes new as high as 29980 yuan again/ton. Within two months of as much as 50% or more rise, is very terrible. Not only cotton, agricultural products, non-ferrous metals prices are rising dramatically. Egypt's tomatoes, Chinese garlic and Pakistan's bread prices, will close to the highest level in history. The rise in the price of product life must have seriously affected people's quality of life, so that ordinary people panic expected, so start "firm gold, store food". Shanghai a month in the basket price a tomato times, from cost 0.1 yuan/jachin, and to offer 1.5-$2.6 / jachin, and then to the wholesale price 2-3 yuan/jins, until the retail price 3-4 yuan/jin, is the fastest increase in vegetables. Recent media reports shenzhen residents to Hong Kong play soy sauce, shenzhen middle class earn less than Hong Kong residents, but the cost of living is much greater than the Hong Kong residents: according to the exchange rate of RMB current Hong Kong dollars, a 500 ml bottle "lee kum kee" soya sauce in Hong Kong price converted into renminbi is 5.95 yuan, and in shenzhen supermarket price is 6.6 yuan; Shenzhen eggs has up to 9 Angle a, about the size and the eggs in Hong Kong and Hong Kong dollar can buy 30, converted into renminbi in less than seven horns a. Next year will not much. The expected future China will long time axis CPI maintain at 4%, and in the transformation of the economic and global economic recovery period, global inflation pressure unabated, and China's inflationary pressures such as mount tai malice. 

To fight inflation pressure, we must reform the global monetary system, must adopt a prudent monetary policy. Current global currency chaos, is the bretton woods system burst open the flowers of evil. Global universal expectations of inflation, is bad for the monetary system. Notes credit was close to bankruptcy. People can't believe that without the amorites selflessly NFL Jerseys with quantitative loose monetary policy of dollars, people the same for the bank of Japan cheap policy incisive question, people also for almost 20 years to China's central bank money supply of the generalized doubt, if there are any a central bank can replace the fed's global the first position the central bank, the federal reserve would implementation and the same policy, the answer is, will.