/biz/ - Business & Finance

Was stated multiple times that China will annex Africa and shit holes like Venezuela will outlaw it. Realistic price target is 0.

>>23267840
how can I short America?

>>23268299
*Not that anyone would want RSV after the USD starts hyperinflating and the USA turns into Venezuela 2.0.

>>23269057
This is ridiculous. If the USD starts to hyperinflate then it doesn't really matter because everybody else will be out of the game, as in eliminated. Most of the monetary systems of the world are based on the dollar. It didn't achieve its superiority yesterday or by random chance. Breathe man. It's going to be ok.

>>23267840
AHHHHH WE'RE LOSING ALL OUR GAINS IT'S GOING UNDER A CENT AGAIN

>>23269526
>The base of the monetary systems can't change

The Yuan is used in less than 1% of global transactions because it's unreliable and china is a glorified manufacturing hub that will take your stuff if they even suspect your critical of the CCP. The world still wants DOLLARS and with the FED issuance of digital currency they can have it anyway they want...

>>23270720
It can change and it does change but to talk like that is both naive and to disregard the level of participation that is involved to get there in the first place. Many enemies of America peg their currencies to the USD. Why would they do that if there were any other decent options?

>>23270846
Euro exists too. It's not like the only options are USA or China

>>23270846
>The world still wants DOLLARS
Not for long. De-dollarization is inevitable at this point. Not a matter of if but when. The end of U.S. hegemony is coming, and it looks like, more and more, each week, there will be a decoupling even if American/western firms don't want this to happen. This is of course all the U.S.' fault for using sanctions willy nilly and being entirely unwilling to grant reasonable concessions to any major parties ideologically opposed to western liberalism. China has grown incredibly aggressive re Taiwan and word on street is American natsec folks consider situation more risky than ever. This will be major flashpoint and I can't say I'm sure whether China would be flying too close to the sun by moving in. But US encouraging its firms to move supply chains off mainland to Taiwan only accelerates the process

>>23271024
The USD can collapse. America is not looking good from the outside. Another currency could replace it if it seems likely to collapse. Why would countries bet on a failing currency scenario?

>>23271024
There currently are not other decent options. But Russia, India, and China are buying up gold and it's quite obvious what they're preparing for. More countries are trading in their own currencies. If RBI and China's investments in developing world pay off they have billions of people that could be doing business in renminbi

>>23271036
>All the US' fault.....America's unwillingness to grant reasonable concessions to other parties

>But US encouraging its firms to move supply chains off mainland to Taiwan only accelerates the process

Accelerates the process of what? The process of not allowing other parties (like Taiwan) reasonable concessions? Your argument is as bad as your food Chang. Too much onions and salt.

>>23271187
>Accelerates the process of what
An illegal and unjust Chinese invasion of Taiwan. Have fun losing all your money though when US inevitably regresses to shadow of its former self. US abused its hegemon status for too long and will pay for it. I don't like it but PRC has political and economic model much better suited for current moment.

>>23270720
world reserve can change.

if it does, right now it will be the euro. The Yuan will never be a reserve currency because it is not scalable or extensible enough to handle the world's demand. Plus, no one in the western world will allow it to happen.

>>23271034
hahahahzhzhahzhzhahHHzhHzhahahahaha

>>23271318
Not if there are two separate worlds with two separate reserve currencies.

>>23271093
Do you ever shop at Amazon? Do you ever check the company name and where it is made? I dont mean "made in China", I mean a Chinese company. You know that sinking feeling you get when it is a Chinese company but the price is low? You ask yourself if you are feeling lucky or should you go with the more expensive one that "you can trust." Now scale out.

>>23271034
Top kek.

>>23271291
I'm sure you miss the British empire very very much but you need to let it go Nigel (Akhmet).

>>23271617
Right. I'm sure the nation led by octogenarians who can't even pass a stimulus bill during a crisis will continue on as a global hegemon.

>>23271372
You guys don't want to see the reality. It's reasonable to deny it when it means that your country goes to shit

>>23271755
The chains are there for your safety Kunta, aren't they?

>>23271697
Have you seen the leaders of the CCP? Kek.

>>23271954
They're running a much more efficient government. If you were in China you'd be going to bars and music festivals right now with practically zero risk of getting infected with covid. Of course that comes at cost of having very little individual rights.

>>23270846
This

>>23272091
They also dont have any problems with shit like antifa because the government just murders the dissidents but tomato potato right? What's your point?

>>23271291

>US sanctions Chinese goods and forces it's allies in Australia, new zealand, japan, India and europe to do the same

>U.S removes the PEG that has artificially propped up the Yuan, HK Dollar and Taiwan Dollar

>U.S forms Pacific version of NATO

>U.S behind the scenes normalizes relationship with Russia

The new silk road will only stretch to shitty post soviet Turkmenistan and Iran. the future will not be china as the globalists have decided that their usefulness is over. China is surrounded by enemies.

>>23272149
I'm not making normative judgment. Just saying it loos like CCP is only country actually prepared for 21st century.

>>23272231

It's not tho. Everything given to china can be swiftly taken away. And it will be. Their totalitarian model was exploited by global finance to produce cheap shit and now their no longer competitive.

>>23272304
And other sources tell me that China is the intellectual powerhouse of the 21st century making immense progress in physical fields such as nuclear fusion, only getting started, while Western children aspire to be youtube stars and onlyfan thots.

>>23272231
We still have a choice. Not everything is a fucking coke or pepsi challenge.

>>23272304
They have 1 billion people at home to serve plus a host of countries willing to join them. They're moving rapidly toward economic independence.

>>23272366

Via intellectual property theft from the west and forced technology transfers.

>>23272366
Your sources should probably be aware that the first and only nuclear fusion reactor in the world is currently being built in France. My intellectual sources say that's really far from Beijing.

>>23272433
>They have 1 billion people at home to serve

They have trouble feeding their population

>plus a host of countries willing to join them

Like?

>They're moving rapidly toward economic independence.

those phony GDP figures that consider those ghost cities they've built ad productive?

>>23272433
They also dont have enough decent farmland to feed all those people, which makes them a liability. It's an awfully long boat ride.

Burgers are fucked
https://archive.4plebs.org/pol/thread/239468925/#q239468925

>>23272600

>PetroYuan

LOLNO

>>23272600
Say hi to your German queen you cucks.

>>23267840
boxmining .. hahaha don't listen to that scummy retard

I do not understand the American hubris regarding China. You're in the sinking Titanic right now scoffing at the people in ship off the horizon because your boat is bigger.

https://www.youtube.com/watch?v=55892jT06aI

The Chinese Communist Party is trash. Nobody likes China now. Not even Chinese like China now. Nobody likes the Chinese Communist Party.

https://www.youtube.com/watch?v=C0hBE-KxiQI

>>23272941
>Not even Chinese like China now
>posts British propaganda

>>23272851
When covid first hit, China offered to sell us PPE at a "pandemic price." With the entire world watching they couldnt be trusted to sell a fucking mask that wasnt complete garbage. Even then, the hustle was most important. They deserve what is coming.

>>23271034
Lol, our old Deutsche Mark had at its peak around 1990 almost the same share on worldwide foreign exchange reserves as the Euro now has. Euro truely a joke and it has succeeded his porpose, to destroy the wealth of the german people.
INB4 other europoors saying, oh no we are the ones suffering from Euro, pic related, we did lend you nearly one trillion now which we never see again, euro made southerners lifestyle better, especially in the 2000s compare to before.

>>23273125
>pic related
F

>>23272941
Anyone who has lived in China knows that the majority of Chinese people think that getting to vote on which CCP member is suitably democratic for their cultural tastes. They only get angry over large scale corruption or failure to deliver economically.

>>23273113
Did you ever think maybe Chinese masks were overall suitable (albeit lesser in quality) and Western rejection was politically motivated? That maybe taking chinese masks would have been preferable to the original US policy that masks were completely unnecessary?

>>23273157
If you were the merchants, who would you target for the shame and guilt of destroying the old order when the war is winding down?Dont be fooled by the white women crying for BLM you see on the news. Spend five minutes in /pol/ and you'll understand you just cant shame Americans. You're better off trying to eradicate us. Good luck with that.

>>23273234
I hadnt really considered it. Did you know eyesight can be improved to near perfection by simply looking behind yourself and applying your present wisdom? Isnt that something?

ANONS THIS IS FUD. Don't listen to OP. This is straight up retarded.

Ok listen. This is a CENTRALIZED coin, that is NOT ran on the blockchain, and doesn't have any sort of consensus mechanism. There are not nodes, there is not staking, there is not a DAO, there is not a mainnet and testnet.

Now tell me how valuable this could really be? The Chinese gov can literally erase, delete, or inflate any person's funds at any time. Also, by what mechanism will they peg this to a YUAN? The ENTIRE point of bitcoin and other crypto currencies is that they threaten central government by being subversive and taking away the state's only power - to restrict your money or life.

>>23273629
Nobody gives a shit what "the point of cryptocurrency" is. Digital currency is the future. The USD money printer will be a shitcoin like XRP too. They'll make their own centralized version, and every normie will use it. Cryptocurrency will exist alongside it but for an entirely different purpose, get over it.

>>23273680
>Nobody gives a shit what "the point of cryptocurrency" is.

You are literally too stupid to insult.

>>23273726
((((they)))) don't give a shit. Normies dont give a shit. Of course we do, but we don't matter when it comes to this.

>>23273680
You're missing the point. I'm not saying that people care what the point is. I'm saying that a centralized coin is intrinsically unable to compete with a decentralized one (RSR). How are you even in crypto if you don't know this.

>>23273913
(((they))) are more powerful than the ideas behind RSR.

>>23273680
>hrrr drrrr this coin controlled by a central commie government is going to take over a decentralized project that undermines their authority.

If their ponzi scheme commie chink currency is so much better, why don't they let crypto in China? Let me guess, you're a zoomer who doesn't understand decentralization or game theory. Go back to Rick and Morty

>>23273913
A decentralized solution pegged to the centralized usd. Nice.

>>23267840
buy more DCEP

>>23273961
A centralized government made digital currency can and will coexist with crypto.

>>23273968
It's only pegged in phase 1, I'm not saying it will succeed but it's pegged to a basket of rotating assets, and eventually through arbitrage.

>>23273946
Just because you wave your magic hand and say that an inflationary, command economy ponzi coin is going to "Take over the world" doesn't mean people will want it. Why aren't Veneuzuela dollars taking over the world? Because they are worthless. ALL COMMAND ECONOMIES produce worthless currency.

>>23274001
yes I agree. But this chink scam isn't going to get adopted in SA because it literally provides no advantage.

>>23274019
>Just because you wave your magic hand and say that an inflationary, command economy ponzi coin is going to "Take over the world" doesn't mean people will want it.
That's literally what the USD is, it's just going to take a new form just like this chink coin.

>>23274039
yeah I agree. A Digital USD is definitely coming. I'm just saying that the DCEP has no advantages over any other centralized coins, and even has disadvantages.

>>23274082
I just think their reach is larger than ripple or rsr or whatever shitty centralized coins you want to think of. Fuck the dcep

>>23274121
Once again China proves that they can copy an idea and still manage to screw up the product's purpose.

Ironic how blockchain tech was created for decentralisation yet China manages to bastardise it so much. Something to note is most countries that work with China refuse to be paid in the chinese currency and ask for dollars. This is why they insist on sending their workers abroad as they will take the
Chinese currency

>>23275313
Cripple did it first

>>23270846
Here in Argentina the government literally banned the usd for savings and told us to use yuan.

Only way go get usd is through bitcoin and sending it to exchanges for usd.

>>23272552
Zeihan is right about a lot of things but if China & the US pull a new Bretton woods separately from each other most nations would go with China due to being the biggest trading partner of everyone minus Canada and Mexico.

Even Europe or Brazil would probably go with China, the US anti free cryptos attitude against bitcoin or ethereum has left the gate opened for such a thing and a digital dollar won't help, only integration of free cryptos into the financial system can keep the status quo since it would allow capital flight from China to the US preventing China from even making such a attempt in the first place.

>>23273113
>They deserve what is coming.
And I'm saying "what is coming" is a long ways off for them, whereas over half of American adults think we're on the brink of a literal civil war. The United States is falling apart pretty much everywhere you look but you arrogant faggots scoff at the country 99.99% likely to eat our fucking lunch like "heh, all they do is make cheap plastic crap, they're gonna get what's coming to them"

I wouldn't be surprised if the wumaos were being paid to post that "NEVER EVER LEARN CHINESE" pic with the angry owl and the steel salesman, or the tiananmen square copypasta. China would LOVE for the United States to stay dumb, to not read Chinese news, to not read Chinese thinkers, for every worried American with questions about China to have their threads instantly derailed.

(pic unrelated)

>deception

>>23271376
In that case gold would be the reserve currency as those two halves would still want to trade with each other

>>23270720
I believe that Anon was referencing the real reason the USD is the reserve standard and I'm referring to our military-industrial complex. Yes China is building but we have the upper hand here and if we ganged up with Europe we could still force western hegemony on China unless they figure out how to turn Africa into a breadbasket continent through eco-engineering.

>>23276536
Arrogance is infecting the entire world with a virus you could have at least attempted to contain but didnt, and then judging the world as they scramble around in response to it only to use what you observe as weaknesses in their response as justification for why you are better than all of them and ultimately why you let it happen in the first place. That is arrogance.

>>23276852
My point is that China does not underestimate America, but America underestimates China. Look at what the prevailing narrative is, or the shitstorm of retarded rumors every week.
>dude there's a flood it's gonna destroy the 3 gorges dam and 100 million chinks will die!
>dude they're like overpopulated and starving and they don't have enough farmland! all the chinks are gonna die!
>dude they're like too old and depopulating and their birth rate will fall even lower!
(implying China isn't one of the most aggressive social engineering states that will fight against that in a way that doesn't mean importing shitskins)
>dude all their fighter jets are stolen and shit! I even saw this cope article about how they have higher IQs but are less creative because of reasons!
(implying this is a sign of weakness, and that we shouldn't be worried that a quadrillion chinese who work in American engineering firms are selling our tech secrets and rarely if ever get caught)
>dude don't even bother learning chinese you're just gonna get scammed!
(meanwhile all the chinks learn English, Chinese are the leading scholars on Carl Schmitt while American schools ban him for being an evil nazi)
>dude if I post the bug spray it literally turns their computer off! we can BTFO them instantly man!
>American politicians "joking" suggesting on air that they completely sell out to the CCP in response to russia hoax

this is not how a country behaves that takes the threat seriously. We ought to be teaching people chinese until we know how they thing the same way the Chinese study the ways we think.

>>23277717
or we get the
>they deserve "what's coming"
talk, like god will smite China for us, legitimately pathetic

>>23277717
It is the western man's nature to be loud and full of himself just as it is the eastern man's nature to quietly feel an air of intellectual superiority regarding himself. However, many of the things people commonly think of as inherently western (and flawed) can certainly be found in the east. The kind of intolerance different Asian cultures have for one another is an example of what i mean. One cannot hear the ambitions of China today and not hear the "divine providence" language of the west. You are also underestimating the "prison fight" mentality that dominates all conflict. The west has its flaws, but they do have their allies. The east is very splintered and their quiet arrogance has hindered their abilities to form strategic alliances. Finally, do not conflate the "reality" that you surmise on this Portugese underwater basketweaving forum as the best or the brightest the west has to offer or the source of their only hope.

>>23272163
based and foreign-affairs-pilled
The conflict between China and the West/Western allies will be the defining foreign affairs issue of the next generation, but it will only be an issue of how to fully integrate China into the system as painlessly as possible. The idea of China presenting a genuine alternative to the present world order is a joke

>>23277970
>The west has its flaws, but they do have their allies.
You make a good point, and I agree that China's greatest weakness right now is its lack of authentic allies. They've got who, North Korea? Iran, on a good day? Nothing comparable to NATO. The best they can do is spam UN resolutions with all the shitty African companies now on their dime. Russians and them pretend to be friends sometimes though.

>Finally, do not conflate the "reality" that you surmise on this Portugese underwater basketweaving forum as the best or the brightest the west has to offer or the source of their only hope.
sure, but I'm a zoomer who is starting to learn Chinese and it's really worrying to me that there are CCP ideologues like Wang Huning out there, that we know have informed a whole generation of leadership and are extremely influential political advisors, but we don't translate ANY of it into English. The Chinese read Schmitt, they read De Tocqueville, they read the Federalist Papers, but we don't even glance at the Chinese equivalents. I have to learn their language just to get started.

And this may sound cringe but I've found 4chan to be a genuinely good place of discussion, posts are higher quality and generally have a lot more critical thinking than any other english language social media site. If even 4chan is blind about the China threat than I don't even want to know what the retards on FB or Twitter think. Maybe the racism here makes them uniquely bad at China talk.

>>23278252
>lack of authentic allies
funniest part is there's growing reason to call Israel and ally of theirs lol

>>23278252
>And this may sound cringe but I've found 4chan to be a genuinely good place of discussion, posts are higher quality and generally have a lot more critical thinking than any other english language social media site.

There's nothing cringe about what you said. You are right about many things. For many years the English language has been "the international language of business", which explains why so many have sought to know it over the years. The challenger has the right to assess the status of things, but should not foolishly lay the entire blame on the established figurehead, as not everything observed is a product of the incumbent power's choosing or a reflection of its desires. We have much to learn from eachother which is what we should be focusing on. Perhaps now it is my turn to sound cringe but the stakes are simply too high to focus on anything other than a path of mutual integration. Let's hope cooler heads prevail.

>>23278959
>the stakes are simply too high to focus on anything other than a path of mutual integration. Let's hope cooler heads prevail.
yeah, not to go full cuck but world domination by asians is better than either nuke war or world domination by the jews/globohomo

>>23278997
I am speaking from an American perspective, not from a Jewish/globohomo perspective. It is not the Americans that seek to dominate Asians. The truth is neither simple or obvious, as you are clearly aware.

>>23267840
RSR is a stupid fucking idea anyways. Either China succeeds with their digital yuan, or they scale BTC payments and they use that. All third worlders want bitcoin. Not an ERC-20 shitcoin.

Avoid Satsgang shilling by Capo and Bitcoin Brown, theyre just trying to dump bags.

>>23279242
>All third worlders want bitcoin

Third worlders need a stable store of value to put their assets in a lot more than they need a volatile coin like bitcoin that is more suited for speculation. They also need something resistant to government regulation, which eliminates most altcoins. You are left with only a few now, the best of your remaining choices being reserve.

>>23267840
Is this bullish for DIA?

>>23279455
They want Bitcoin. Look it up. Africa already is using it all over the place and its going to spread like crazy once it scales for payments in another month or two. Oops... already said too much.

>>23279562
https://cointelegraph.com/news/africa-will-define-the-future-of-bitcoin-twitter-ceo-jack-dorsey

>>23267840
>https://boxmining.com/dcep/
>
>Oh nonono RSR bros we got too cocky
We got way too cocky, bros.

>>23279592
https://www.forbes.com/sites/billybambrough/2020/08/19/extreme-bitcoin-growth-in-africa-is-sending-crypto-mainstream-binance-backed-exchange-ceo-reveals-alongside-fresh-funding/#6330fd2164cb

>>23279612
https://news.bitcoin.com/latin-america-bitcoin-fiat-currencies/

>>23279562
So yellowcard/celo is focusing on Africa, teaming up with Dorsey's Square, while Reserve targets South America teaming up with their usual Paypal partners. Speaking for the entire globe is still premature for both of them at this point, wouldnt you agree?

>>23279592
>>23279612
>>23279631
Africans won’t use Bitcoin long term if something that is stable and dependable comes along instead. Let them use it during a bubble or two and see how long people’s appetite to use their limited wealth to transfer value in such a volatile medium lasts. Bitcoin probably never will scale like people want it to and will be primarily a store of value and a hedge for those with means.

>>23273913
>I'm saying that a centralized coin is intrinsically unable to compete with a decentralized one (RSR).
that's an incredible assumption you are taking for granted there big man

i havent bought into the RSR shill just because there are way too much competition. too many variables that have to go right for RSR to be a success.

>>23271854
Deez ain’t the chains sergey promised me

>>23280352
I only bought ~1mm when it was still sub $0.005. Because hey... If it goes to $20 or so, I'll be sitting pretty. Else, who cares...

>>23280352
There is a lot of fierce competition with stablecoins now. There arent too many with heavy backers like reserve though. Do the research. Look closely at what their stated goals are and what the seed investors have said regarding where they are going with this and why. You should find some very interesting information.