The Chinese Bubble

[Simple Simon]

This would bring the entire US economy to a halt.  Imagine not having access to any of your money until you prove otherwise.

electronic transactions wouldn't be affected.

[El Diablo Blanco]

electronic transactions wouldn't be affected.

It's not a casino where you can swap out the chips.  I get what you're saying but either country taking the shot is essentially fucking over themselves in the process but who would make the first kamikaze move?

[Simple Simon]

It's not a casino where you can swap out the chips.  I get what you're saying but either country taking the shot is essentially fucking over themselves in the process but who would make the first kamikaze move?

I know some people who never use cash at all.

the elimination of cash is the end goal, think about it, how much crime would be eliminated without the use of cash...

[Tapeworm]

There's one thing government loves more than its country and that is money. They love $$$$$

Chinese are buying up heaps of farmland in Aus.  Not wealthy individuals either.  I mean conglomerates.  Think they're gonna just maybe collude to dictate staple commodity prices once they get a sufficient hold?

If someone offered me a pallet of bills I'd be making a case for "It's my land to sell as I want, the gov can't infringe on my freedom to do as I please with my property, etc" but there's a time for the government to step in and say no, you can't sell it to an overseas buyer.

[Tapeworm]

I know some people who never use cash at all.

the elimination of cash is the end goal, think about it, how much crime would be eliminated without the use of cash...

Fuck that.  If I want to go buy drugs and whores it should be my right to do so.  Economic surveillance to police stupid laws that shouldn't be on the books in the first place is a dreadful notion.

I recoil at the thought of every purchase I make being logged.  "Oh, had a case of tinnea that week, huh?"  As if there isn't surveillance enough already. 

[El Diablo Blanco]

I know some people who never use cash at all.

the elimination of cash is the end goal, think about it, how much crime would be eliminated without the use of cash...

Once all money is electronic the gov will have full control.  They can wipe you out with the click of a keyboard button.  Everyone will essentially be a walking zombie.

[Tapeworm]

This is one of those American/ British things that no one's going to agree on because Americans are obsessed with freedums and the sovereignty of the individual while British people are all about drinking tea and agreeing that the Queen looked lovely every time the old bag pops her head out.

[Simple Simon]

Once all money is electronic the gov will have full control.  They can wipe you out with the click of a keyboard button.  Everyone will essentially be a walking zombie.

and as such there is no ruling overlords as the easiest thing to do would be eliminate cash.

Illuminati are pretty fucking dumb if you ask me...

[FitnessFrenzy]

many big banks in China are state-owned, so they can keep this circus running for a long time without an economic collapse.

[El Diablo Blanco]

many big banks in China are state-owned, so they can keep this circus running for a long time without an economic collapse.

Plus they keep making 99% of the shit the USA imports.  As long we remain  their addicted whores they'll continue to rake in cash.  The fact the gov is in debt when they sell so much shit to America shows you that the fucking higher ups in China are pocketing hundreds of billions for themselves.

[Simple Simon]

Plus they keep making 99% of the shit the USA imports.  As long we remain  their addicted whores they'll continue to rake in cash.  The fact the gov is in debt when they sell so much shit to America shows you that the fucking higher ups in China are pocketing hundreds of billions for themselves.

to do what with?

[El Diablo Blanco]

to do what with?

Be rich, why does anyone in this world hold more than a billion in cash?  not like they need it.

[Simple Simon]

Be rich, why does anyone in this world hold more than a billion in cash?  not like they need it.

no one person has a billion in legitimate cash, they have a bank account with digits in it.

in fact they couldn't even draw it out, you wouldn't find that much cash in one place.

Having cash like Pablo Escobar for example just ended up stockpiled and un-spendable.

[FitnessFrenzy]

it should be an integral part of this discussion, that China has some businesses that are doing extremely well, such as Alibaba and Tencent.

[Mr Anabolic]

I know some people who never use cash at all.

the elimination of cash is the end goal, think about it, how much crime would be eliminated without the use of cash...

TPTB couldn't care a less about crime... they care about control.  TPTB use the safety/security excuse to justify just about everything.  A cashless society would give them 100% control of you and everyone else.  No one should be rooting for this.  

[Simple Simon]

TPTB couldn't care a less about crime... they care about control.  TPTB use the safety/security excuse to justify just about everything.  A cashless society would give them 100% control of you and everyone else.  No one should be rooting for this.  

which begs the question why hasnt it happened?

[Palumboism]

so having the debt isnt a problem then, so why make an issue of it as though its to their detriment?

Debt is always a problem particularly large debt on the order of $37 Trillion dollars.  The reason it will not cause a Lehman
Brothers type implosion is because the government owns the banks loaning the money, the companies borrowing the money, and the printing presses to make the money. 

From the average Chinese citizens point of view the end result is obvious. A devaluation of the money they have in their bank account.  Therefore, they are going on a spending spree buying all the real estate they can in Australia, America, and Canada.  It's become so extreme the Chinese government has made it illegal to take money out of China. 

[Las Vegas]

The direction we're being pulled toward is a cashless one, pretty sure.  And an unmistakable part of that involves loss of anonymity.  One thing to be used as an argument for making that reality happen, of course, will be security concerns.  The guys in sheep costumes who have refused to track and expose funding sources for ISIS will tell us that, which shall provide the biggest laugh.

Bankers are already offering businesses financial incentives to go cashless, so afaik there are now fully cashless restaurants and stores and other places.

And the social-engineering shitshow known as Apple, being the leading troublemaker that they are, has been quietly performing the stunt for some time at many of their stores.  A few years back, I remember hearing about someone who couldn't get them to accept his cash until he went to a consumer-advocacy outfit to complain.

IMO this is one of those odd things which may look relatively harmless (or too remote and distant) for most, but it has serious potential to cause everyone to stop and think as it draws toward its breaking point -- which will happen sooner rather than later.

[Griffith]

Eventually, there will probably be war with China.

[ChevChelios]

The direction we're being pulled toward is a cashless one, pretty sure.  And an unmistakable part of that involves loss of anonymity.  One thing to be used as an argument for making that reality happen, of course, will be security concerns.  The guys in sheep costumes who have refused to track and expose funding sources for ISIS will tell us that, which shall provide the biggest laugh.

Bankers are already offering businesses financial incentives to go cashless, so afaik there are now fully cashless restaurants and stores and other places.

And the social-engineering shitshow known as Apple, being the leading troublemaker that they are, has been quietly performing the stunt for some time at many of their stores.  A few years back, I remember hearing about someone who couldn't get them to accept his cash until he went to a consumer-advocacy outfit to complain.

IMO this is one of those odd things which may look relatively harmless (or too remote and distant) for most, but it has serious potential to cause everyone to stop and think as it draws toward its breaking point -- which will happen sooner rather than later.

Or maybe not,look at the modern society man.

For example, western man are pussified till hell and beyond. Worst cases are France,Belgium,Netherlands, each guy i met from these countries was a fucking pussy . Germany is not far behind . Same Spain,Italy,other european fucking countries, no more cohones on the street of fucking EU,just pussy everywhere. 

With USA or Australia for example the situation was not that tragic but it degrades too. The only countries right now where you can find guys with balls are eastern-europe and fucking Russia. Of course we are fucked economically so nobody gives a fuck about us.

[FitnessFrenzy]

Eventually, there will probably be war with China.

perhaps, but this is very difficult to predict. The Chinese are however being aggressive with their new illegal islands in the south China sea, and they are ramping up their military.

[FitnessFrenzy]

[Griffith]

perhaps, but this is very difficult to predict. The Chinese are however being aggressive with their new illegal islands in the south China sea, and they are ramping up their military.

Either way, I don't believe they stand a chance against a Western alliance, as long the West maintains technological superiority.

[FitnessFrenzy]

Either way, I don't believe they stand a chance against a Western alliance, as long the West maintains technological superiority.

Also, about 50% of Chinese millionaires want to leave China. Obviously, this is not good for China's future government finances.

[Mr Anabolic]

which begs the question why hasnt it happened?

You use credit/debit cards right?  More and more people are using plastic than ever before, while less and less are using physical cash.  It IS happening, albeit slowly.  It's increasing with time.