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So You Want To Launder Money Out Of China?

Tyler Durden's picture


Better luck next time.

For the implications of what the end of China's offshore money laundering scheme means, read "Did China Just Crush The US Housing Market?"


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Sat, 07/26/2014 - 18:15 | 5008091 Sudden Debt
Sudden Debt's picture

Oh well, they can always buy gold and hide it.

Sat, 07/26/2014 - 18:18 | 5008098 DJ Happy Ending
DJ Happy Ending's picture

Or maybe carbon credits

Sat, 07/26/2014 - 18:24 | 5008107 kaiserhoff
kaiserhoff's picture

So solly Bancoovuh.

Yo crack houses no wonger bewong to us.

Sat, 07/26/2014 - 18:50 | 5008171 7.62x54r
7.62x54r's picture

Hmmmm. This will interfere with China exporting inflation to the US. They will have to buy dollars first, I guess.

Which is an amusing way to hammer the US with its own inflation.

Sat, 07/26/2014 - 18:55 | 5008189 Sudden Debt
Sudden Debt's picture

Buying dollars these days is like burrying a muslim suicide bomber...

Sat, 07/26/2014 - 22:57 | 5008708 Rootin' for Putin
Rootin' for Putin's picture

I love a good movie with a happy ending.

Sun, 07/27/2014 - 14:06 | 5009951 whotookmyalias
whotookmyalias's picture

Nothing like capital controls to prove how much your government loves you and wants you to live a happy life.

Sun, 07/27/2014 - 02:49 | 5009069 Lin S
Lin S's picture

Wow... that was intense!

Sun, 07/27/2014 - 09:46 | 5009424 NOZZLE
NOZZLE's picture

Every dime the cIA spends should be on muslim outreach programs like that, why the fuck is that moron screaming Alah Snakbar over and over again?

Sat, 07/26/2014 - 22:40 | 5008684 hobopants
hobopants's picture

Saudi is opening up their markets and taking all major currencies, looks like hot Chinese money has a new home.

Sun, 07/27/2014 - 00:28 | 5008894 gh0atrider
gh0atrider's picture







                                  h0b0bopo slumpin'

Sat, 07/26/2014 - 18:50 | 5008172 stacking12321
stacking12321's picture


it's called BITCOIN!

Sat, 07/26/2014 - 21:41 | 5008544 DoChenRollingBearing
DoChenRollingBearing's picture

Gold and Bitcoin are excellent ways to diversify.  They do not seem to correlate with other assets.  They both pack a lot value into a small space.

Sun, 07/27/2014 - 00:27 | 5008893 gh0atrider
gh0atrider's picture

fonestar is with you!  Satoshi is with you!  gh0atrider is in you!

Sun, 07/27/2014 - 04:36 | 5009122 shouldvekilledthem
shouldvekilledthem's picture

This is actually good news. ;)

Sat, 07/26/2014 - 18:54 | 5008186 Oracle of Kypseli
Oracle of Kypseli's picture

Oh! Common guys easiest way in the world.

1. Cash or PM's with a fishing boat near Macau or HK with a switch to a speed boat. (use several dry runs)

2. Fonzamon's favored digital crypto. (Where is he lately?)


Sat, 07/26/2014 - 19:04 | 5008214 fonzannoon
fonzannoon's picture

come on Tyler don't keep us in suspense.

Give us our Saturday night red meat!

Sat, 07/26/2014 - 20:46 | 5008416 Buck Johnson
Buck Johnson's picture

Is it me or does it seem that everything is about to come apart around the planet.

Sat, 07/26/2014 - 21:36 | 5008533 DoChenRollingBearing
DoChenRollingBearing's picture

No, it is not just you.  Of course, I have felt this way ever since Jimmy Carter...

Sat, 07/26/2014 - 20:10 | 5008352 garypaul
garypaul's picture

This article means shit. They'll just find some other scheme to do the laundering. What a waste of time reading this.

Sun, 07/27/2014 - 04:36 | 5009123 shouldvekilledthem
shouldvekilledthem's picture

And buy bitcoin and freely transact worldwide.

Sun, 07/27/2014 - 12:16 | 5009706 jballz
jballz's picture

Wish I could read this post but the giant banner ad with no close option across my phone shrinks all the text on the page to nothing.

Stop being so fucking obnoxious with your advertising, ABC media Lmtd, I realize you are shameless pimps of gloom but wtf.

Sat, 07/26/2014 - 18:17 | 5008097 spinone
spinone's picture

Sum Ting Wong

Sat, 07/26/2014 - 18:38 | 5008142 MsCreant
MsCreant's picture

Mo Ni Gon.

Sat, 07/26/2014 - 18:52 | 5008174 kaiserhoff
kaiserhoff's picture

Ah So, you needa cheap skate speshow.


#1  Bang Dae Ho

#69  Tu Can Chu

Sat, 07/26/2014 - 20:21 | 5008375 SumTing Wong
SumTing Wong's picture

You look for me???

Sat, 07/26/2014 - 18:19 | 5008100 ekm1
ekm1's picture

Politburo needs that money so it confiscates it in order to use those as funds to bailout their own pyramid schemes.


It's all about confiscation and expropriation.

Sat, 07/26/2014 - 18:24 | 5008109 Sudden Debt
Sudden Debt's picture

Maybe BNP can start trading the chinese currency now they're not allowed to trade dollars anymore?

Sat, 07/26/2014 - 18:34 | 5008122 Rican
Rican's picture

Look at HSBC taking the moral high ground. Hey, remember when we were accusing the Chinese of "manipulating their currency" on worldwide TV?  Through the looking glass, man.

Sat, 07/26/2014 - 18:35 | 5008137 Joebloinvestor
Joebloinvestor's picture

Launder it through the DNK.

Sat, 07/26/2014 - 18:38 | 5008143 goldhedge
goldhedge's picture

FACTA this B1tch

Sat, 07/26/2014 - 20:08 | 5008345 Kirk2NCC1701
Kirk2NCC1701's picture

You mean FATCA.

Sat, 07/26/2014 - 18:53 | 5008182 syntaxterror
syntaxterror's picture

Real-Tores ain't gonna like this AT ALL!

Sat, 07/26/2014 - 18:59 | 5008200 syntaxterror
syntaxterror's picture

4% of the population belongs to the Chinese Communist Party. The other 96% are the biggest pussified sheep on earth. 

Rise up you fucking weaklings!!!

Sat, 07/26/2014 - 19:04 | 5008213 MsCreant
MsCreant's picture

So are you talking about Americans or...

Sat, 07/26/2014 - 19:06 | 5008223 Yen Cross
Yen Cross's picture

 Greenies to both of you. Wake-Up people.

Sat, 07/26/2014 - 22:28 | 5008658 edotabin
edotabin's picture

Meanwhile,  zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz Maybe some crickets too.

Sun, 07/27/2014 - 00:17 | 5008874 Yen Cross
Yen Cross's picture


Sun, 07/27/2014 - 01:00 | 5008947 edotabin
edotabin's picture

I crossed over in about 2006 or so. It was early enough to where preparations could be made.  I warned every single person I knew about what was to come.

Now, those that wake up and have the "AHA" moment will only have regret as their reward.  The later they get it, the more they will regret it.

You have to put many pictures/concepts together to complete the puzzle.  This requries the will to learn and think.  I bet 95% + of the people that are here are here because they had the motivation and initiative to find it. It wasn't because someone told them to come here.

On Youtube you see a financial collapse video with 10,000 views and Justin Bieber (sp) with 200 million. ZH is an extremely popular site according to Alexa so it's not as if the info is hard to find. You can lead a horse to water but you can't make it drink.

When it's too late a lot of this will be widespread public knowledge.


zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz and crickets.

Sun, 07/27/2014 - 01:09 | 5008968 Yen Cross
Yen Cross's picture

edotabin I appreciate your comment.

Sun, 07/27/2014 - 02:57 | 5009076 edotabin
edotabin's picture


This may be fight club but our fight is with ignorance and not necessarily amongst ourselves. So to get the word out I used to tell people to watch:

The Money Masters -

The Ascent of Money -

The Ascent of money as you can see is on PBS and is by Niall Ferguson Ph.D. At least this way, it can't be dismissed as some crazy guy spreading conspiracy theories.

Sun, 07/27/2014 - 02:43 | 5009059 Lin S
Lin S's picture

Whenever I see the word "preparations" I think of hemorrhoids.

Sun, 07/27/2014 - 10:22 | 5009491 logicalman
logicalman's picture

You can give a human information but you can't make it think.

Sun, 07/27/2014 - 07:43 | 5009233 Zeta Reticuli
Zeta Reticuli's picture

The overwhelming majority of Chinese say their lives are better off than 10 or 20 years ago. They say their leaders are making the right choices. Why rise up against that?

In America, very few people are better off than 10 or 20 years ago, and very few would claim that their leaders are making the right choices.

I don't understand your logic, or lack of it.

Sun, 07/27/2014 - 17:17 | 5010491 daedon
daedon's picture

4% of the population belongs to the Republicrat Party. The other 96% are the biggest pussified sheep on earth. 

Rise up you fucking weaklings!!!

Sat, 07/26/2014 - 18:59 | 5008202 world_debt_slave
world_debt_slave's picture

chinese laundry chop chop

Sat, 07/26/2014 - 19:02 | 5008208 Aremo
Aremo's picture

So I guess it's timely that they can deal directly with the Swiss government and get ahold of Francs directly.  I'll bet those convert to Canadian dollars easily!

Sat, 07/26/2014 - 19:07 | 5008221 Fuku Ben
Fuku Ben's picture

You're all looking at this backwards

USA Bank Holiday Monday

Sat, 07/26/2014 - 19:22 | 5008263 starman
starman's picture

Bang! they  just fucking did if this is true! 

Sat, 07/26/2014 - 19:42 | 5008299 q99x2
q99x2's picture

So be it. They can buy my artwork instead.

Sat, 07/26/2014 - 20:04 | 5008336 williambanzai7
williambanzai7's picture

And LVMH claims that the reason their HK sales to Mainlanders are flat is because of freedom rallies:

There has been no drop off of Chinese tourists in HK. Sorry LVMH.

What a fucking joke! 

Sat, 07/26/2014 - 20:49 | 5008425 Yen Cross
Yen Cross's picture

   Well done Billy.

Sun, 07/27/2014 - 00:52 | 5008949 jt17
jt17's picture

How is this news?  The RMB/CNY has always been a restricted currency.

Sun, 07/27/2014 - 02:33 | 5009049 syntaxterror
syntaxterror's picture

It's news because the Chinese are money laudering via NYC, SFO, PDX, SEA, YVR properties.

Sun, 07/27/2014 - 01:36 | 5008992 putaipan
putaipan's picture


Sun, 07/27/2014 - 04:13 | 5009112 hedgiex
hedgiex's picture

In a fight btw 2 heavy weights, you think they give a s**t to rules now even without a global Umpire.

China just got hooked in its attempt to recycle out the flood of printed fiat money from its shore by closing an eye to banks that they control. Just tactical to step back and find another valve to revert the inflows.

Of course, real assets in US are favorably looked upon, the cleanest dirty shirts around. But just forget about paper mortgages and real estates in decrepit industrial wastelands (they have plenty in their backyards) where their money will flow. Flows will be to the locations of high tech products and services where they also lust for such stuffs. This is not without help from the likes of Goldman Sach.

This flow is also not micro managed by some Central Planner. Do not be duped that free market investment initiatives are ziltch in China. (Only the largely snake oil salesmen in the financial industry wants you to believe that they hold the elixir stones for you to navigate in a tight Centrally Planned Economy).

As for EC, all that you have left to stay in the game is your pretty tech gears that btw are being sold cheaply by your bureaucrats.


Sun, 07/27/2014 - 08:43 | 5009327 NoWayJose
NoWayJose's picture

You just cannot see China taking over the role of the glibal reserve currency when you see (or think) this kind of thing is going on. Can the Chinese government accept the role of global reserve currency, with free floating values, carry trade, leverage and worse - Goldman - moving it around? I doubt it. Instead, I think thevdollar will remain the reserve currency - but China and the rest of the world will set up their owm direct exchanges - which effectively will weaken the value (and benefits) of the reserve currency.

Sun, 07/27/2014 - 10:05 | 5009461 orangegeek
orangegeek's picture

keep in mind that europe has the largest economy, the US is second


china is about 40% of the US GDP


the USD has six currencies that are inverse its value - yes, it's a club


between the USD and euro, about 80% of the world's transactions are done in these two currencies


china isn't even remotely close to a similar financial footing - and their billions will be in the tank around 2030 - no one is having kids


now if you were to say india, that gets interesting, but india is too fragmented and corrupt - so you'll have to wait for the next generation

Sun, 07/27/2014 - 17:13 | 5010479 daedon
daedon's picture

"china is about 40% of the US GDP" ... \yes, but what is it when you remove DHS and the military aperatus (private included), food stamps and forced health insurance, what is left ?  Not much.  You go to China, there's construction EVERYWHERE.

Sun, 07/27/2014 - 11:34 | 5009599 damicol
damicol's picture


 thats all they need


 We use it extremely effectively and NO FUCKING RIP OFF FEES

Sun, 07/27/2014 - 12:37 | 5009759 homiegot
homiegot's picture

Better ruck next time.

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