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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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Oh well, they can always buy gold and hide it.
Or maybe carbon credits
So solly Bancoovuh.
Yo crack houses no wonger bewong to us.
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.
Buying dollars these days is like burrying a muslim suicide bomber...
I love a good movie with a happy ending.
Nothing like capital controls to prove how much your government loves you and wants you to live a happy life.
Wow... that was intense!
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?
Saudi is opening up their markets and taking all major currencies, looks like hot Chinese money has a new home.
it's called BITCOIN!
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.
fonestar is with you! Satoshi is with you! gh0atrider is in you!
This is actually good news. ;)
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?)
come on Tyler don't keep us in suspense.
Give us our Saturday night red meat!
Is it me or does it seem that everything is about to come apart around the planet.
No, it is not just you. Of course, I have felt this way ever since Jimmy Carter...
This article means shit. They'll just find some other scheme to do the laundering. What a waste of time reading this.
And buy bitcoin and freely transact worldwide.
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.
Sum Ting Wong
Mo Ni Gon.
Ah So, you needa cheap skate speshow.
#1 Bang Dae Ho
#69 Tu Can Chu
You look for me???
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.
Maybe BNP can start trading the chinese currency now they're not allowed to trade dollars anymore?
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.
Launder it through the DNK.
FACTA this B1tch
You mean FATCA.
You've got to love that Chinese ingenuity. ( that 251% debt to gdp ingenuity) AnAnonymous should be proud!
China's Money Laundering: Wealthy Chinese Smuggling Cash Out Using Art
how are the chinse smuggling money out of china at DuckDuckGo
Dirty money cost China $3.8 trillion 2000-2011: report | Reuters
Real-Tores ain't gonna like this AT ALL!
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!!!
So are you talking about Americans or...
Greenies to both of you. Wake-Up people.
Meanwhile, zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz Maybe some crickets too.
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.
edotabin I appreciate your comment.
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 - http://www.youtube.com/watch?v=Dq9yjt_JbWs
The Ascent of Money - http://www.pbs.org/wnet/ascentofmoney/
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.
Whenever I see the word "preparations" I think of hemorrhoids.
You can give a human information but you can't make it think.
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.
4% of the population belongs to the Republicrat Party. The other 96% are the biggest pussified sheep on earth.
chinese laundry chop chop
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!
You're all looking at this backwards
USA Bank Holiday Monday
Bang! they just fucking did if this is true!
So be it. They can buy my artwork instead.
And LVMH claims that the reason their HK sales to Mainlanders are flat is because of freedom rallies: http://www.reuters.com/article/2014/07/24/lvmh-results-idUSL6N0PZ6C32014...
There has been no drop off of Chinese tourists in HK. Sorry LVMH.
What a fucking joke!
Well done Billy.
How is this news? The RMB/CNY has always been a restricted currency.
It's news because the Chinese are money laudering via NYC, SFO, PDX, SEA, YVR properties.
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.
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.
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
"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.
thats all they need
We use it extremely effectively and NO FUCKING RIP OFF FEES
Better ruck next time.
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