Indeed. They appear not to be ruled by massive corporate conglomerates like we are.It's China, they can and will if the government there wants to.
They are or were trying to take full control of the Alibaba group (Chinese Amazon)
Indeed. They appear not to be ruled by massive corporate conglomerates like we are.It's China, they can and will if the government there wants to.
They are or were trying to take full control of the Alibaba group (Chinese Amazon)
Copper standard maybe? It is more useful than gold now...Fuck gold, it's not that useful compared to other metals.
That's still a thing huh? When I was kid visiting my relatives in the States almost a decade ago, they were already complaining about this.Maybe that means Chinese speculators will stop buying up housing in California as a way to move money out of China and the insane prices will drop a little so I can buy a house.
The main point of gold is that it's inert and easy to store due to it's relative rarity (ie you don't need mega warehouse to hold millions of dollars in gold). But if people are holding it in case of society collapse then that's very dumb since it would have almost no use in that case (so would almost every metal tbh). Copper would have more use (can make bronze relatively easy in case of large scale society collapse) but it rust over time. Aluminum is a somewhat attractive alternative, if society collapse it will become very hard to make new aluminum so it's price will increase, but it's pretty easy to recycle so it'll take time before price really incease. Pure silicon could actually be an attractive alternative, it doesn't degrade and has plenty of use and demand. But the problem is that it has to be doped to specific amount for application and there's no guarantee that current doping agent/amount are going to be standard in the future.Copper standard maybe? It is more useful than gold now...
It's similar here too.That's still a thing huh? When I was kid visiting my relatives in the States almost a decade ago, they were already complaining about this.
I dunno Gold is very useful on electrical contacts. It's why most of the better quality connector stuff is gold plated to give a better contact.Copper standard maybe? It is more useful than gold now...
Diamonds are where the societal collapse money is. You can use those things to cut stuff and break into places easily to loot supplies.The main point of gold is that it's inert and easy to store due to it's relative rarity (ie you don't need mega warehouse to hold millions of dollars in gold). But if people are holding it in case of society collapse then that's very dumb since it would have almost no use in that case (so would almost every metal tbh). Copper would have more use (can make bronze relatively easy in case of large scale society collapse) but it rust over time. Aluminum is a somewhat attractive alternative, if society collapse it will become very hard to make new aluminum so it's price will increase, but it's pretty easy to recycle so it'll take time before price really incease. Pure silicon could actually be an attractive alternative, it doesn't degrade and has plenty of use and demand. But the problem is that it has to be doped to specific amount for application and there's no guarantee that current doping agent/amount are going to be standard in the future.
Anyway as for Evergrande, its situation has been known for quite awhile, I would guess if teh CCP was gonna do a full rescue it would have done it already so they'll probably let it fail. It's not that important to their market and they'll probably just have other state owned entity shield any consumer that could get hurt to hard. There's actually another massive state owned bank (forgot the name) that's also on the precipice of bankruptcy apart and that one they'll probably rescue though.
Bullet standard. In case of complete societal collapse guns and bullets are going to be worth more than anything.Copper standard maybe? It is more useful than gold now...
Well, Agema is correct when he says this was a problem brewing for years. I have read about it again and again as well.
Is the bubble causing a problem for them?Well, Agema is correct when he says this was a problem brewing for years. I have read about it again and again as well.
And i do blame the Chinese gouvernment for this. The bubble was obvious years ago and they just let it grow because they had no idea how to solve it without pain. Where pure capitalist gouvernments don't have the tools because the markets are too free, the Chinese gouvernment could have done something easily.
Unless you believe that the bubble can be maintained indefinitely, the inevitable answer is yes even if not currently.Is the bubble causing a problem for them?