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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Sudden Debt's picture

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

kaiserhoff's picture

So solly Bancoovuh.

Yo crack houses no wonger bewong to us.

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.

Sudden Debt's picture

Buying dollars these days is like burrying a muslim suicide bomber...
http://vimeo.com/101431610

Rootin' for Putin's picture

I love a good movie with a happy ending.

whotookmyalias's picture

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

Lin S's picture

Wow... that was intense!

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?

hobopants's picture

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

gh0atrider's picture

 

 

 

 

 

 

                                  h0b0bopo slumpin'

stacking12321's picture

solution:

it's called BITCOIN!

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.

gh0atrider's picture

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

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?)

 

Buck Johnson's picture

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

DoChenRollingBearing's picture

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

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.

shouldvekilledthem's picture

And buy bitcoin and freely transact worldwide.

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.

kaiserhoff's picture

Ah So, you needa cheap skate speshow.

 

#1  Bang Dae Ho

#69  Tu Can Chu

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.

Sudden Debt's picture

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

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.

Joebloinvestor's picture

Launder it through the DNK.

goldhedge's picture

FACTA this B1tch

syntaxterror's picture

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

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!!!

MsCreant's picture

So are you talking about Americans or...

Yen Cross's picture

 Greenies to both of you. Wake-Up people.

edotabin's picture

Meanwhile,  zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz Maybe some crickets too.

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.

Therefore,

zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz and crickets.

edotabin's picture

Cool.

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.

Lin S's picture

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

logicalman's picture

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

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.

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!!!

world_debt_slave's picture

chinese laundry chop chop

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!

Fuku Ben's picture

You're all looking at this backwards

USA Bank Holiday Monday

starman's picture

Bang! they  just fucking did if this is true!