Rat poison is a useful tool as it removes unwanted vermin.
IT'S A COMPLIMENT TOWARDS BITCOIN YOU DUMB ARSE TROLL.
LOL, OP you've just made yourself look a right dick.
LOL
Topic: China and the US a la Munger: "Bitcoin is rat poison!" - page 2. (Read 3077 times)
"Bitcoin is rat poison".
Rat poison is a useful tool as it removes unwanted vermin.
IT'S A COMPLIMENT TOWARDS BITCOIN YOU DUMB ARSE TROLL.
LOL, OP you've just made yourself look a right dick.
LOL
Rat poison is a useful tool as it removes unwanted vermin.
IT'S A COMPLIMENT TOWARDS BITCOIN YOU DUMB ARSE TROLL.
LOL, OP you've just made yourself look a right dick.
LOL
http://www.zerohedge.com/news/2013-12-20/china-bails-out-money-markets-second-day-row-following-repo-rate-blow-out
China's central bank said it had injected over 300 billion yuan ($49.2 billion) into the nation's money markets over a three-day period as interbank interest rates surged to their highest levels since June.
The interest rates banks charge each other for short-term loans jumped to 8.2%, the highest level since the June cash squeeze.
The stress in the banking system is starting to spread elsewhere, with stocks in Shanghai falling for a ninth straight day to the weakest level in four months while government bonds dropped, pushing the 10-yield up to near the highest in eight years.
yeah, that almighty yuan alright ... the place is about to go tits up buddy, pay attention ...
... sheesh where did this latest crop of idiots on bitcointalk arrive from, Wall Street?
Quote
China's central bank said it had injected over 300 billion yuan ($49.2 billion) into the nation's money markets over a three-day period as interbank interest rates surged to their highest levels since June.
The interest rates banks charge each other for short-term loans jumped to 8.2%, the highest level since the June cash squeeze.
The stress in the banking system is starting to spread elsewhere, with stocks in Shanghai falling for a ninth straight day to the weakest level in four months while government bonds dropped, pushing the 10-yield up to near the highest in eight years.
yeah, that almighty yuan alright ... the place is about to go tits up buddy, pay attention ...
... sheesh where did this latest crop of idiots on bitcointalk arrive from, Wall Street?
Most Chinese buyers of BTC are using it not as a spending currency, but to hide and protect their currency and asset savings.
Why China is the most important market of the 21st century.
America, a thing of the past.
America is a thing of the past. It is the biggest debtor with huge unfunded liabilities. Its citizens consume but save and produce nothing. They are deeply in debt. They are living of the dollars status and Chinese productivity. The US is becoming more and more socialist. Responsibilities are delegated to the government. The first question we often hear from US citizens is: "How can government help me?". The US dollar is being printed like it is going out of style.
America, a thing of the past.
America is a thing of the past. It is the biggest debtor with huge unfunded liabilities. Its citizens consume but save and produce nothing. They are deeply in debt. They are living of the dollars status and Chinese productivity. The US is becoming more and more socialist. Responsibilities are delegated to the government. The first question we often hear from US citizens is: "How can government help me?". The US dollar is being printed like it is going out of style.
Now this sounds very familiar for views towards United States of America, on more than several occasions in its entire history.
It's also interesting to note how this idiotic argument is virtually identical in motivation, tone, and 'rationale' to 80s 'japan takes over the world' or 'USSR takes over US'.
Worst of all, it cherry picks and embellishes its tone to the point of masturbatory bitchfest while ignoring all the advantages US not only enjoys but keeps advancing.
But of course, if they were capable of considering that, they will not be getting so ahead of themselves
Chinese government doesn't like bitcoin, because it's not called chinacoin.
LOL
Why China is the most important market of the 21st century.
China is the next great nation. It is becoming more and more free market; after being burnt by communism they have learned their lesson. The Chinese are highly productive and have a high savings rate. China is one of the largest creditor nations on earth. Chinese don't cry for government, but rely on their savings and family if they are in need. They have great plans for the yuan and are slowly moving away from the dollar peg and treasuries. Their currency will rise dramatically once it is allowed to float freely. The dollar wont be propped up and Americans will have to live within their means.
America, a thing of the past.
America is a thing of the past. It is the biggest debtor with huge unfunded liabilities. Its citizens consume but save and produce nothing. They are deeply in debt. They are living of the dollars status and Chinese productivity. The US is becoming more and more socialist. Responsibilities are delegated to the government. The first question we often hear from US citizens is: "How can government help me?". The US dollar is being printed like it is going out of style.
Bitcoins, dead on arrival in the most important market on earth: China.
Bitcoins are not tolerated in one of the great nations of this century. This is a huge issue many of you guys are ignoring. The Chinese will see a RISING yuan and thus a exploding living standard. They wont look for alternatives like bitcoin. The Chinese government has great plans for its currency and it will be a new power tool (like the dollar has been). They wont allow bitcoin to get in the way and thus have prohibited it. If bitcoin is not dead in China yet, the government will keep beating it into the ground, until Bitcoin stops making any sort of noise that might distract from the almighty yuan. As the Chinese will have relatively sound money (yuan), they wont be challenging their government regarding bitcoin.
Bitcoin not having any foothold in the most important market is a huge deal.
The US: dictatorships concentrate power.
The US will become more and more dictatorial. Dictatorships concentrate power and abuse their currency. They hate competition and decentralization. Bitcoin will be treated just as harshly as in China. Mark my word.
DISCLOSURE: I dont believe Bitcoin is viable, even if it were allowed to compete.
China is the next great nation. It is becoming more and more free market; after being burnt by communism they have learned their lesson. The Chinese are highly productive and have a high savings rate. China is one of the largest creditor nations on earth. Chinese don't cry for government, but rely on their savings and family if they are in need. They have great plans for the yuan and are slowly moving away from the dollar peg and treasuries. Their currency will rise dramatically once it is allowed to float freely. The dollar wont be propped up and Americans will have to live within their means.
America, a thing of the past.
America is a thing of the past. It is the biggest debtor with huge unfunded liabilities. Its citizens consume but save and produce nothing. They are deeply in debt. They are living of the dollars status and Chinese productivity. The US is becoming more and more socialist. Responsibilities are delegated to the government. The first question we often hear from US citizens is: "How can government help me?". The US dollar is being printed like it is going out of style.
Bitcoins, dead on arrival in the most important market on earth: China.
Bitcoins are not tolerated in one of the great nations of this century. This is a huge issue many of you guys are ignoring. The Chinese will see a RISING yuan and thus a exploding living standard. They wont look for alternatives like bitcoin. The Chinese government has great plans for its currency and it will be a new power tool (like the dollar has been). They wont allow bitcoin to get in the way and thus have prohibited it. If bitcoin is not dead in China yet, the government will keep beating it into the ground, until Bitcoin stops making any sort of noise that might distract from the almighty yuan. As the Chinese will have relatively sound money (yuan), they wont be challenging their government regarding bitcoin.
Bitcoin not having any foothold in the most important market is a huge deal.
The US: dictatorships concentrate power.
The US will become more and more dictatorial. Dictatorships concentrate power and abuse their currency. They hate competition and decentralization. Bitcoin will be treated just as harshly as in China. Mark my word.
DISCLOSURE: I dont believe Bitcoin is viable, even if it were allowed to compete.
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