In the next 20 years, try to stay away from RMB assets, including the RMB itself.

In another 20 years, those who owe tens or even hundreds of thousands may find it easier than those who owe ten or twenty thousand today. The key is who will bear the cost?

Let's talk about debt restructuring today. This topic is very sensitive and is the root of many current issues and contradictions. If you happen to come across this, I suggest you patiently read to the end; you will learn a lot of truths. Those destined to understand this should pay attention.

After the real estate bubble burst, the decline in asset prices, represented by houses, triggered a debt problem throughout society. To repair the balance sheets of the government, enterprises, and residents, it is not feasible to continue raising asset prices; housing prices have risen to the point where even emptying six wallets is not enough for a down payment. Therefore, the only option is to address the debt, which means to reduce the debt.

Please note that debt conversion is not debt repayment. Debt repayment is about repaying the debt, while debt conversion is about resolving the debt, with no intention of repayment whatsoever. As long as the world continues to use Keynesian theory to manage the economy, the debt issue will keep accumulating and crises will erupt, unless the sun rises from the west.