4,392
 

Apr 8 - Peter Thiel: China Using Bitcoin as a ‘Financial Weapon’



ADVERTISEMENT
 
topics gone triple plat - Number 1 spot 3X PLAT




section  x1   |  0 bx goons and 1 bystanders Share this on Twitter       Share this on Facebook

section news
  
 4 months ago '05        #26
ice wolf  topics gone triple plat - Number 1 spot x5
Props total: 22285 22 K  Slaps total: 8661 8 K
I'm pro-crypto, but the CCP is definitely weaponizing crypto, along with anything else they can get their hands on that can be used to take the U.S down.

 4 months ago '12        #27
TrillSwag  topics gone triple plat - Number 1 spot x1
Props total: 53245 53 K  Slaps total: 8091 8 K
 DavidTheMan said
China isn't even the US's biggest debt holder. China has also worked to move away from US bonds, ie US debt, at least starting 10 years ago because they know the US could easily screw them with that. On top of that, US debt held domestically is larger than US foreign debt in total. So the old ignorant fear mongering about the Chinese is just that, ignorant fear mongering. That’s common sense not MM
Propaganda.

lol, real estate doesn't negatively hurt the US, neither does social media.

smh, you seem to get all your talking points regarding the economy from MSM.
How does China buying real estate not hurt America? Their just a store of value to China and majority of the time nobody lives there and it does nothing but raise the prices of homes and make it harder for the average American to get one.
+1   

 4 months ago '05        #28
ice wolf  topics gone triple plat - Number 1 spot x5
Props total: 22285 22 K  Slaps total: 8661 8 K
 datboy|e said
Sound like a true broken broke man
LOL at Americans complaining about their "oppression" while they drive foreigns and live with HVAC in their spacious homes while watching Netflix and checking their stocks and crypto holdings.
+1   

 4 months ago '17        #29
BlackGod 
Props total: 18553 18 K  Slaps total: 3787 3 K
 DavidTheMan said
China isn't even the US's biggest debt holder. China has also worked to move away from US bonds, ie US debt, at least starting 10 years ago because they know the US could easily screw them with that. On top of that, US debt held domestically is larger than US foreign debt in total. So the old ignorant fear mongering about the Chinese is just that, ignorant fear mongering.

lol, real estate doesn't negatively hurt the US, neither does social media.

smh, you seem to get all your talking points regarding the economy from MSM.
You are correct about the holders of the debt, and it's embarrasing that people still don't understand this (due to misinformation), but you're completely wrong about China buying American property, and foreign investments into property in general.

Money is put towards luxury high rises instead of affordable housing because it's more profitable to build, and nobody even lives in these buildings because they're bought by foreign investors for with money that a great deal of time is illicit.

It directly destroys supply and massively (artificially) inflates the price of the product that does exist. The only people that want it are the people in power who are already part of the money machine because it raises property values that they then profit from. No reasonable person thinks foreign investors should be able to buy property that will remain vacant while we have a homelessness problem and a housing crisis just so the rich can get richer instead of creating incentives to actually house workers and families.

 4 months ago '04        #30
d.c. supreme  topics gone triple plat - Number 1 spot x1
Props total: 30156 30 K  Slaps total: 1437 1 K
it's just funny because china has been
. also they've recently
in their main hot spot for it. they've also banned coin offerings. china has started rolling out their own digital centralized currency controlled by their central bank yet another way of the ccp to be able to track it's citizens and crack down on black market sales to gain more control over the money flow in their territory. using bitcoin is illegal within their banking system and they've shut down crypto exchanges in masse as well.

On July 6, 2018, the People’s Bank of China indicated that Chinese authorities had identified 88 virtual currency trading platforms and 85 ICO platforms, which have “basically all safely withdrawn from the market.” In the wake of the regulatory measures the government has instituted since September 2017, Bitcoin traded with Chinese yuan has dropped from over 90% of global Bitcoin trading to under 1%.
they're not using bitcoin to harm the u.s. dollar, they're trying to be able to get around using the u.s. dollar to facilitate their trade with other nations that aren't the u.s. this (like for russia and iran) is to avoid u.s. sanctions which freezes their ability to use dollars in their reserves (the SWIFT system.) so this means trading with nations like russia in their own currencies but there's danger in that being other nations' currencies aren't even close to as stable as the u.s. dollar. no nations' currency is. the euro is the closest and it's been declining ever since it failed to overtake the dollar as the top reserve currency. here's where they stand as today:




the u.s. dollar isn't going anywhere anytime soon i know we love to preach the doom and gloom and yes they've been devaluing the fu*k out of it for decades but so has every other country. and no central bank is going to let bitcoin a de-centralized a*set become their currency they're going to continue to seek centralized control which is why eventually countries ban it's ease of use in it's institutions. that doesn't mean they're going to stop bitcoin, bitcoin is not going anywhere either. it'll always hold value it's basically gold 2.0 at this point. it will always offer an outside system away from centralized banking for peers to trade.

but if the u.s. continues to wage economic war via sanctions on too many countries and not just specific isolated rivals it risks turning other nations off of the dollar because of those possible future punishments if the u.s. decides they don't like what their nation is doing anymore. not to mention the debt too, but again—every nation is in catastrophic debt not just the u.s. so i don't see that being as big of a problem as people like to point out. here's a good breakdown on why the dollar will continue to hold weight internationally for the foreseeable future;

Dethroning the dollar, however, will not be easy.

Jeffery Frankel, an economist at Harvard University, told Nikkei that the dollar enjoys three major advantages: the ability to maintain its value in the form of limited inflation and depreciation, the sheer size of the American domestic economy, and the United States having financial markets that are deep, liquid and open. So far, he argued, no rival currency has shown itself capable of outperforming the dollar on all three counts.
the key thing in the oncoming future to remember too is that line about the size of the american domestic economy. china is just as or even bigger a domestic market today. but... they're not liquid nor open, and their rapidly aging demographically (while the u.s. still has decades to go on that front thanks to millennials and zoomers which china doesn't have comparatively) which means that domestic market won't be an alternative in the future for the rest of the world either. you need young people to consume, and middle aged to invest to be able to support their massive elderly populations. and after the chinese market shrinks... there's nobody else.

japan is already cooked demographically they're the first "post growth" economy operating today and the rest of the world including all of europe, russia, korea and china are about to join them. no other developed nation's domestic market is going to be able to compete with the american market past 2030. which means capital is going to flee those markets to go to the american market where they can invest their money which will continue to fuel the dollar. the emerging markets like mexico, african countries just aren't there yet to compete and mexico is tied at the hip partnered with the american market as this point. it'll eventually be american's new china (it's already cheaper to manufacture in mexico than china) as they already took over from china as america's biggest trading partner—china is still biggest importers to america with mexico a close second but the u.s. exports far more to mexico making them the u.s. biggest trading partner.
+2   

 4 months ago '19        #31
Megaman 
Props total: 4346 4 K  Slaps total: 5197 5 K
 Fauby said
This. America is being run by old men that don't understand the future. America needs a president that's 37-45 ish next.
who do you think actually runs America though?
+1   

 4 months ago '17        #32
BlackGod 
Props total: 18553 18 K  Slaps total: 3787 3 K
 TrillSwag said
How does China buying real estate not hurt America? Their just a store of value to China and majority of the time nobody lives there and it does nothing but raise the prices of homes and make it harder for the average American to get one.
I highkey think foreign investments into property should be all but illegal (or massively disincentivized) for most all cases.

No country should have problems with homelessness and vacant buildings at the same time, and the guise of foreign investment as being a net positive because it raises property value means nothing for the majority of people
+1   

 4 months ago '04        #33
d.c. supreme  topics gone triple plat - Number 1 spot x1
Props total: 30156 30 K  Slaps total: 1437 1 K
 BlackGod said
You are correct about the holders of the debt, and it's embarrasing that people still don't understand this (due to misinformation), but you're completely wrong about China buying American property, and foreign investments into property in general.

Money is put towards luxury high rises instead of affordable housing because it's more profitable to build, and nobody even lives in these buildings because they're bought by foreign investors for with money that a great deal of time is illicit.

It directly destroys supply and massively (artificially) inflates the price of the product that does exist. The only people that want it are the people in power who are already part of the money machine because it raises property values that they then profit from. No reasonable person thinks foreign investors should be able to buy property that will remain vacant while we have a homelessness problem and a housing crisis just so the rich can get richer instead of creating incentives to actually house workers and families.
correct, it only hurts us american people/consumers. the government LOVES them taking their capital away from china and elsewhere and storing it in america to consolidate more capital in it's own borders to be taxed and make revenue off of.
+1   

 4 months ago '04        #34
d.c. supreme  topics gone triple plat - Number 1 spot x1
Props total: 30156 30 K  Slaps total: 1437 1 K
 DavidTheMan said
China isn't even the US's biggest debt holder. China has also worked to move away from US bonds, ie US debt, at least starting 10 years ago because they know the US could easily screw them with that. On top of that, US debt held domestically is larger than US foreign debt in total. So the old ignorant fear mongering about the Chinese is just that, ignorant fear mongering.

lol, real estate doesn't negatively hurt the US, neither does social media.

smh, you seem to get all your talking points regarding the economy from MSM.
correct, china, russia and others have been replacing their dollar debt with gold and other currencies to avoid getting hurt by u.s. sanctions and the SWIFT system.

people swear china is the new top dog and i don't blame them because all the media does is fan hysteria and paranoia that it's actually real or inevitable to happen. they came close, but followed the same fate as japan in the late 80s. they've plateaued. post-growth future for them on deck. the u.s. as well but just not until the end of the century.
+2   

 4 months ago '12        #35
TrillSwag  topics gone triple plat - Number 1 spot x1
Props total: 53245 53 K  Slaps total: 8091 8 K
 BlackGod said
I highkey think foreign investments into property should be all but illegal (or massively disincentivized) for most all cases.

No country should have problems with homelessness and vacant buildings at the same time, and the guise of foreign investment as being a net positive because it raises property value means nothing for the majority of people
Agreed 100%. A lot of countries you have to be a citizen to buy property. It should be the same in America. Foreign money is a big reason we have inflated home prices.
+2   

 4 months ago '17        #36
DavidTheMan 
Props total: 18564 18 K  Slaps total: 10669 10 K
 BlackGod said
You are correct about the holders of the debt, and it's embarrasing that people still don't understand this (due to misinformation), but you're completely wrong about China buying American property, and foreign investments into property in general.

Money is put towards luxury high rises instead of affordable housing because it's more profitable to build, and nobody even lives in these buildings because they're bought by foreign investors for with money that a great deal of time is illicit.

It directly destroys supply and massively (artificially) inflates the price of the product that does exist. The only people that want it are the people in power who are already part of the money machine because it raises property values that they then profit from. No reasonable person thinks foreign investors should be able to buy property that will remain vacant while we have a homelessness problem and a housing crisis just so the rich can get richer instead of creating incentives to actually house workers and families.
Property does not matter, because it can't be taken back to China.
lol.
What you are talking about was done by the Japaense, as another poster pointed out, in the 80s and then there were claims of yellow peril and the japanese taking over.

Like being invested in us debt, investing in US property doesn't disrupt the US economy and its extremely risk.

 4 months ago '04        #37
d.c. supreme  topics gone triple plat - Number 1 spot x1
Props total: 30156 30 K  Slaps total: 1437 1 K
 TrillSwag said
Agreed 100%. A lot of countries you have to be a citizen to buy property. It should be the same in America. Foreign money is a big reason we have inflated home prices.
yup. even more insane, is the chinese do it to themselves as well domestically in their infamous ghost cities. it's because chinese people look at real estate investment as the only safe investment bet given their history where they haven't experienced a sudden drop in property values like the americans have;



title of the video is click-baity but it's a solid non-biased video with numbers and sources to back it up.
+1   

 4 months ago '17        #38
DavidTheMan 
Props total: 18564 18 K  Slaps total: 10669 10 K
 TrillSwag said
How does China buying real estate not hurt America? Their just a store of value to China and majority of the time nobody lives there and it does nothing but raise the prices of homes and make it harder for the average American to get one.
How does it hurt America?
Doesn't matter if they are just a store, who are they buying the property from, who do they pay property taxes to?

Chinese buying property is no different than an american billionaire buying the property, or anyone else. If its for sale and bought, the market is simply working, the seller is getting compensated, he/she is the only person that matters anyway, not the nation or the state.

again basic economics folks.
-2   

 4 months ago '12        #39
TrillSwag  topics gone triple plat - Number 1 spot x1
Props total: 53245 53 K  Slaps total: 8091 8 K
 DavidTheMan said
How does it hurt America?
Doesn't matter if they are just a store, who are they buying the property from, who do they pay property taxes to?

Chinese buying property is no different than an american billionaire buying the property, or anyone else. If its for sale and bought, the market is simply working, the seller is getting compensated, he/she is the only person that matters anyway, not the nation or the state.

again basic economics folks.
It is much different. China buys properties with straw purchasers, LLCs, and corporations. You think China is actually reporting their foreign real estate holdings? American billionaires still have to answer to the IRS and justice department if they try to get shady with things. Chinese government doesn’t. Let’s not even start on the topic of money laundering the CCP does through American real estate deals. But they paid for it so it’s all good With that logic you must have no issues with us having open borders because whatever damage it done financially it’s economics at work
+1   

 4 months ago '17        #40
DavidTheMan 
Props total: 18564 18 K  Slaps total: 10669 10 K
 TrillSwag said
It is much different. China buys properties with straw purchasers, LLCs, and corporations. You think China is actually reporting their foreign real estate holdings? American billionaires still have to answer to the IRS and justice department if they try to get shady with things. Chinese government doesn’t. Let’s not even start on the topic of money laundering the CCP does through American real estate deals. But they paid for it so it’s all good With that logic you must have no issues with us having open borders because whatever damage it done financially it’s economics at work
doesn't matter if China used a straw buyer, bout it outright, or bought through corp.

That purchase happens through legal means, and is taxed by the state and the fed.

If the property holder, lets say china, doesn't pay taxes, they lose the property because the tax collection by the state where the property is located doesn't magically stop because china financed the purchase.

Your argument makes no logical sense.

Fact is the buyer, most likely an american is going to sell and has the property on the market for the highest bidder, it doesn't matter who wins, it doesn't hurt or help "America" its just another transaction. If the price is high there is more money for the fed to tax the seller, and if the chinese buy it to the state it doesn't matter because they still get the property tax regardless of who buys it.

To claim it destroys the US economy, is about as absurd as claiming high prices of homes in CA, NYC, DC, DMW, and FL coasts hurt the US economy, they don't. Too small a portion of the US economy at large to be honest.

So again, stop getting your news from the fear mongering MSM.
Pick up an economics book and educate yourself, so you are fooled and led astray by political puppets pushing an agenda.
-2   

 4 months ago '07        #41
GrezyNclean  topics gone triple plat - Number 1 spot x4
Props total: 3975 3 K  Slaps total: 479 479
 DavidTheMan said
China isn't even the US's biggest debt holder. China has also worked to move away from US bonds, ie US debt, at least starting 10 years ago because they know the US could easily screw them with that. On top of that, US debt held domestically is larger than US foreign debt in total. So the old ignorant fear mongering about the Chinese is just that, ignorant fear mongering.

lol, real estate doesn't negatively hurt the US, neither does social media.

smh, you seem to get all your talking points regarding the economy from MSM.
Not sure what MSM is but saying China and Russia don't try to influence America through social media is just dumb. I'm not even going to argue that one.

You're other responses I will though as their fairer arguments.

I'm aware of the tax payer being the biggest debt holder but foreign investment matters. During the 2008 crisis Russia tried to convince China to pull the debt on America to bankrupt us. Yes China has said they are moving away from US bonds but they also said they're moving away from deflating their currency and towards a more clean / climate friendly country...let me know how either one of those is going.

Real Estate matters as well...I'll concede it's more of a way for rich Chinese to funnel their money away from their country BUT there are top Chinese law makers that do it to also control real estate markets. Corporations have taken on a bigger role since the pandemic but China is still a big player.
+1   

 4 months ago '21        #42
maybehood 
Props total: 581 581  Slaps total: 120 120
fu*k banks! Crypto for life!

 4 months ago '05        #43
Fauby  topics gone triple plat - Number 1 spot x1
Props total: 33590 33 K  Slaps total: 3661 3 K
 Megaman said
who do you think actually runs America though?
Mitch Mcconnell, Chuck Schumer and Nancy Polosi basically. Doesn't help the president is almost 80 to.

The top 4 positions in government is run by 76+ year olds.

 4 months ago '12        #44
TrillSwag  topics gone triple plat - Number 1 spot x1
Props total: 53245 53 K  Slaps total: 8091 8 K
 DavidTheMan said
doesn't matter if China used a straw buyer, bout it outright, or bought through corp.

That purchase happens through legal means, and is taxed by the state and the fed.

If the property holder, lets say china, doesn't pay taxes, they lose the property because the tax collection by the state where the property is located doesn't magically stop because china financed the purchase.

Your argument makes no logical sense.

Fact is the buyer, most likely an american is going to sell and has the property on the market for the highest bidder, it doesn't matter who wins, it doesn't hurt or help "America" its just another transaction. If the price is high there is more money for the fed to tax the seller, and if the chinese buy it to the state it doesn't matter because they still get the property tax regardless of who buys it.

To claim it destroys the US economy, is about as absurd as claiming high prices of homes in CA, NYC, DC, DMW, and FL coasts hurt the US economy, they don't. Too small a portion of the US economy at large to be honest.

So again, stop getting your news from the fear mongering MSM.
Pick up an economics book and educate yourself, so you are fooled and led astray by political puppets pushing an agenda.
You’re a idiot and a troll. I can guarantee you not from America. I never said it would destroy the economy I said bad for America. And if China money laundering and buying up property to hide their money in America makes it harder for the average American to buy a home that’s bad for America. It’s not all good just because they pay taxes you retarded dumb fu*k.
+1   

 4 months ago '17        #45
DavidTheMan 
Props total: 18564 18 K  Slaps total: 10669 10 K
 GrezyNclean said
Not sure what MSM is but saying China and Russia don't try to influence America through social media is just dumb. I'm not even going to argue that one.

You're other responses I will though as their fairer arguments.

I'm aware of the tax payer being the biggest debt holder but foreign investment matters. During the 2008 crisis Russia tried to convince China to pull the debt on America to bankrupt us. Yes China has said they are moving away from US bonds but they also said they're moving away from deflating their currency and towards a more clean / climate friendly country...let me know how either one of those is going.

Real Estate matters as well...I'll concede it's more of a way for rich Chinese to funnel their money away from their country BUT there are top Chinese law makers that do it to also control real estate markets. Corporations have taken on a bigger role since the pandemic but China is still a big player.
Stop it my man.

You can't prove any of the social media fear mongering and neither can the US government.

Fact is there is freedom of speech in the US, and that freedom of speech is a prohibition on the government restricting speech, not a right only given to citizens or government selected. To say that if, big if, the chinese said things on social media or orchestrated campaigns, there is no legal violation in them doing so. On top of that, expression of ideas on social media is no great threat to the US, than movies, books, tv, websites, and etc. Its sad where you have people who think they are speaking knowledgeably, a*serting that now people exercising freedom of speech, in a nation that values and protects freedom of speech, is a danger to the nation. sMH.

Stop with the debt BS. China has been divesting from the US. On top of that, you can't pull a bond, this is the debt China used to heavily have. They are fixed terms, US treasury knows when they are coming up, so explain logically how China was gonna pull US debt or force a call on Bonds that are at a fixed time rate. SMH.

Again stop parroting sh*t you hear on tv from professional fear mongers.

As for real estate, no it doesn't matter, china owning property matters as much to you and the US government at Elon Musk or ted turner. The various levels of government will still get their same cut, and as the property is in the US, the owners are subject to US law and authority.

think about the sh*t you are working yourself up about. educate yourself.
-1   

 4 months ago '17        #46
DavidTheMan 
Props total: 18564 18 K  Slaps total: 10669 10 K
 TrillSwag said
You’re a idiot and a troll. I can guarantee you not from America. I never said it would destroy the economy I said bad for America. And if China money laundering and buying up property to hide their money in America makes it harder for the average American to buy a home that’s bad for America. It’s not all good just because they pay taxes you retarded dumb fu*k.
I'm an idiot and a troll, because I called out the logical absurdity in what you were arguing? lol.

real estate won't destroy the us economy and chinese purchase of real estate, just like japanese heavy real estate purchasing in the 80s will not hurt the US nor is it bad for the US.

China money laundering is taking money from the Chinese government illegally, and legally adding value to the US. That actually works in the US's favor. On top of that, the money that china would have to spend to effect the common us home buyer would be so much that it would be a boon to US home sellers, that it would offset any ills you are claiming would occur.

Again stop with the ignorant fear mongering.
-2   

 4 months ago '12        #47
TrillSwag  topics gone triple plat - Number 1 spot x1
Props total: 53245 53 K  Slaps total: 8091 8 K
 DavidTheMan said
I'm an idiot and a troll, because I called out the logical absurdity in what you were arguing? lol.

real estate won't destroy the us economy and chinese purchase of real estate, just like japanese heavy real estate purchasing in the 80s will not hurt the US nor is it bad for the US.

China money laundering is taking money from the Chinese government illegally, and legally adding value to the US. That actually works in the US's favor. On top of that, the money that china would have to spend to effect the common us home buyer would be so much that it would be a boon to US home sellers, that it would offset any ills you are claiming would occur.

Again stop with the ignorant fear mongering.
Bad for Americans and destroying the us economy is two different things that nobody is arguing . So Chinese money laundering and buying homes all over America to hide their money and pricing out hard working Americans is good for America because they keep up with taxes lmaoo. Take your foreign propaganda to 4chan idiot.
+1   

 4 months ago '04        #48
Burym3ag 
Props total: 2217 2 K  Slaps total: 221 221
 DavidTheMan said
How does it hurt America?
Doesn't matter if they are just a store, who are they buying the property from, who do they pay property taxes to?

Chinese buying property is no different than an american billionaire buying the property, or anyone else. If its for sale and bought, the market is simply working, the seller is getting compensated, he/she is the only person that matters anyway, not the nation or the state.

again basic economics folks.
you a fool. China buys property from overseas with their Large amounts of cash. They driving up the market. They got millionaires over there like it aint no thing. So your typical house that used to run 350k jumps up to 500k to even 1 million. I live in Vancouver BC where the houses are now 1.5-2.5 MILLION ...when years ago they used to be 500-700.. Why? Foreign money coming from over seas and buying everything.
+1   

 4 months ago '17        #49
DavidTheMan 
Props total: 18564 18 K  Slaps total: 10669 10 K
 TrillSwag said
Bad for Americans and destroying the us economy is two different things that nobody is arguing . So Chinese money laundering and buying homes all over America to hide their money and pricing out hard working Americans is good for America because they keep up with taxes lmaoo. Take your foreign propaganda to 4chan idiot.
Its not bad for americans or the us economy.
Chinese spending money in the us, which is the action you arr describing, puts money in american hands.

Chinese buying property on the ooen market is putting money in the hands of american sellers.

So explain to me howthe negative outweigha the positive economically.
-2   

 4 months ago '17        #50
DavidTheMan 
Props total: 18564 18 K  Slaps total: 10669 10 K
 Burym3ag said
you a fool. China buys property from overseas with their Large amounts of cash. They driving up the market. They got millionaires over there like it aint no thing. So your typical house that used to run 350k jumps up to 500k to even 1 million. I live in Vancouver BC where the houses are now 1.5-2.5 MILLION ...when years ago they used to be 500-700.. Why? Foreign money coming from over seas and buying everything.
Lol, repeating a slogan isnt a substitute for rational thought. How is putting money in the us economy and in the hands of us sellers bad for america s?

You live in an arra where housing has grown in demand so the price has increases, how is this any different than if the demand was increased by domeatic demand? Oh it isnt
-1   



Sign me up
 
 

yesterday...


most viewed right now
+167online now  23
Video inside The Moment When THE Versuz Swung to THE L.O.X
138 comments
23 hours ago
@hiphop
most viewed right now
+40online now  22
Dr. Dre's eldest daughter, 38, reveals she's homeless
297 comments
24 hours ago
@hiphop
most viewed right now
+205online now  21
Rapper Jadakiss Arrested On murder Charges
109 comments
1 day ago
@hiphop
most viewed right now
+61online now  15
Video inside Sheek Louch Says DIPSET Is P*SSY & CAMRON Almost GOT PACKED OUT By Ruff..
183 comments
23 hours ago
@hiphop
back to top
register register Follow BX @ Twitter search BX privacyprivacy