Category Archives: China

More socialist bullshit

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To believe in socialism you have to be pretty stoned.

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Here is a famous socialist, can you feel the cognitive dissonance kicking in?

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Socialists love to talk about the utopias that exist only in their own minds, that can never actually work in practice for any extended period of time. Don’t get fished in.

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Socialists love to talk about their values and ideals, but always have an excuse when they are not sticking to them. You’ll soon see Socialists are hypocrites. Hypocrites if given power quickly become tyrants.

It all looks good until you realise you gave up freedom for security and ultimately got neither.

It all looks good until you realise you gave up freedom for security and ultimately got neither.

 

 

Socialism in just USSR and China has been responsible for more than 130 million deaths, of their own people.

The true death toll will never be know as some people simply disappeared.

The socialist utopia is always just one more execution away…

 

http://en.wikipedia.org/wiki/VSS_Vintorez

That’s why the USSR created this: the VSS; a silenced, fully automatic, armor piercing, sniper rifle. It’s designed for internal political assassinations. It even breaks down to 3 small pieces to fit in a brief case. Now that’s what I call a socialist utopia! Where do I sign up?

 

 

 http://en.wikipedia.org/wiki/VSS_Vintorez

Beware of Socialists!

Bitcoin mania! Doubles in a week on Chinese grey money

Bitcoin surges to over $800USD doubling its price in less than a week.

Bitcoin surges to over $800USD doubling its price in less than a week.

Bitcoin sis certainly not dead. This latest price hike is apparently based on Chinese businessmen seeing the real estate market tank and tired of capital flight (and other)  laws are moving into Bitcoin. Of course many use Bitcoin as a way of avoiding taxes and regulations, avoiding regulations (and making a deal) is somewhat of a Chinese tradition. You only have to see a Chinese Buddhist monk in the middle of a group ceremonial dance stop dead to answer his mobile phone to know that making an arrangement is a very serious matter. People ate already talking about $10,000USD Bitcoins. Of course there are about 12M bitcoins in circulation and there is a  limit of 21M (by 2140), and fiat currencies (like the US Dollar) keeps spewing out more worthless paper and plastic. I doesn’t take a genius to work out scarcity is a fundamental driver of economics.

In trying to get a local take on the bitcoin market I stumbled into this local Bitcoin trader, who ran out of Bitcoins today. I’m sure s/he will try to get more.

Local Bitcoin for bank deposit merchant runs out of coins today

Local ‘Bitcoin for bank deposit’ merchant runs out of coins today

Growth slows in China, considers printing their way out!

I think this with other news may show that with China all bets are off. A debt bubble just announced and now growth slowing and China may do a little QE  (lowering RRR) of its own.

And now straight to the BBC:

 

http://www.bbc.co.uk/news/business-22981667

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