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


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 1 month ago '17        #57
DavidTheMan 
Props total: 14732 14 K  Slaps total: 8913 8 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.
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 1 month ago '17        #56
DavidTheMan 
Props total: 14732 14 K  Slaps total: 8913 8 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.
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 1 month ago '17        #55
DavidTheMan 
Props total: 14732 14 K  Slaps total: 8913 8 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.
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 1 month ago '17        #54
DavidTheMan 
Props total: 14732 14 K  Slaps total: 8913 8 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.
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 1 month ago '20        #53
Xiox  topics gone triple plat - Number 1 spot x1
Props total: 29969 29 K  Slaps total: 5787 5 K
Why is Uncle Sam or the man always stirring up shyt
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 1 month ago '17        #52
DavidTheMan 
Props total: 14732 14 K  Slaps total: 8913 8 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
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 1 month ago '17        #51
DavidTheMan 
Props total: 14732 14 K  Slaps total: 8913 8 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.
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