在很多人的眼里，未来几年国内贬值最快的是现金了。主要原因是，2025年10月，M2（广义货币）余额为335.13万亿元，同比增长8.2%。M2是GDP的2 倍。从数据来看，现金会越来越不值钱。但实际上，现金并没有发生快速贬值的情况，反而处于较为平稳的状态。2025年1-10月全国居民消费价格指数 （CPI）同比上涨0.2%，环比上涨0.2%。 导致现金没有出现大幅贬值的原因有两个：一个是，央行超发的货币在金融体系内空转，并没有流向实体经济，所以商品的价格就没有出现明显的上涨。未 来国内经济大概率仍会处于通缩的周期；另一个是，现在多数居民收入增长放缓或下降，导致消费需求下降。而企业为了去库存，及时回笼资金，也不得不 降价销售。随着商品价格下降，就会导致现金的购买力大幅上升。 第二，车子贬值的速度让人吃惊 在进入到2025年之后，国内车子的贬值速度在加快。像之前20多万的中档新能源车，现在只要17-18万就可以购买。而进口高档汽车的降价幅度更是达到了 近10万元。不仅如此，二手汽车市场贬值的速度则更令人吃惊。我朋友杨亮去年5月份花了20万购买的一款新能源汽车，如今在二手汽车市场只值13万元。 未来无论是新车市场， ...

Core Viewpoint - The rapid devaluation of cash in China is anticipated over the next five years due to severe monetary overproduction by the central bank, with M2 money supply reaching 331.98 trillion yuan, a year-on-year increase of 8.8%, while consumer prices are experiencing deflation, indicating a trend towards economic contraction [1][3]. Group 1: Economic Trends - The monetary overproduction is primarily due to excess liquidity within the financial system that is not reaching the real economy, leading to a perception of cash scarcity [3]. - The slowdown in income growth and shrinking consumer demand are contributing to economic deflation, resulting in significant inventory accumulation for businesses, forcing them to lower prices to recover funds [3]. Group 2: Asset Devaluation - Real estate prices are expected to continue their downward trend, with the average price of second-hand residential properties in 100 cities dropping to 13,381 yuan per square meter, a year-on-year decrease of 7.38%, marking 41 consecutive months of price decline [5]. - The automotive industry is facing a price war, with domestic mid-range cars dropping by 20,000 to 30,000 yuan and luxury imports seeing reductions up to 90,000 yuan, while second-hand electric vehicles are depreciating rapidly [8]. - The value of university degrees is declining due to an oversupply of graduates, with 12.22 million expected to graduate in 2025, and a lack of practical experience among graduates making them less attractive to employers [10]. - The collectibles market is experiencing a downturn, with significant price drops in items like the panda stamp and modern artworks, as reduced disposable income limits demand for such investments [13].