The high price of the pancake is a matter of financial exploitation.

It's very simple, how many families in China can take out 120,000 US dollars in cash equivalent to RMB? How many families in the United States can take out 120,000 US dollars in cash?

I asked ChatGPT.

In China, the proportion of families that can take out about 120,000 US dollars (about 840,000 RMB) in cash at once is very small, about less than 5%. Due to high mortgage payments and rising living costs, many families face considerable pressure in terms of savings.

In the United States, about 20% of families can access 120,000 US dollars in cash or equivalent assets, primarily thanks to higher incomes and a mature savings habit.

The basic theory of economics states that one person's income is another person's expenditure; money does not appear out of thin air. Such a high market value and price must be covered by a large number of ordinary people.

In other words, a single pancake can drain one middle-class family's resources. How many people bring money into this market, and how much do you take away? The money that enters your bank after leaving the poker table is your money; the money on the poker table is merely chips.

Some people always talk about inflation. An inflation rate of 2% a year won't bankrupt you, but buying high on the pancake can.

Gold is inherently currency, and some people through public opinion make you believe that the pancake is currency, but other countries do not buy it. The German government cashes out at high levels, and apart from a few minor countries that cannot match the GDP of a small county in China, which serious country's central bank buys in at any cost?