RE: China's crackdown will create opportunities elsewhere, specifically Hong Kong
Hello there ! A friends brother did IT/computer work at banks in china ( I believe it was THE MAIN Bank of China) 10-15 yrs ago. I told him to tell his brother to "watch out, he might just disappear" least he stumble on something that they don't want the world to know about. Within a year, the bank announced that they had lost or misplaced millions (or billions). I will probably never trade the forex market with china, I just do NOT trust them. I am not a typical china bashing american, I just have read to much history and don't take anything they say at face value. Imho this news is nothing short of the reverse of a pump and dump scheme. They appear to be dumping when in reality they are buying on the self created dip. As YOU know they are not stupid, I believe they are setting themselves up to try to control the market. imho they have the gold to do so. I believe BTC is their new "silver" market, and anyone familiar with that history should take note of their mentality and the processes they engage in. Deception is their main tool of aggression imho, as stated in the Art of War, for good reason.
I have to say, I have never or will ever live there, so my opinion is pretty much a moot point ...
Btw Dan, you don't have a brother named Mike do you ?
Read More, Reason More ... JTS
I have no brother named mike hehe Well In china it's sometimes a good thing to fly a bit under the radar. But I think all foreigners living here will agree that as long as you don't do anything bad you are very well treated. Silver has been a bit of the akilles heal for China as the market is completely manipulated by America. Maybe this is a chance for them to get control over he silver market. I definitely see that as a valid possibility!
Actually I was referring to the history of china and silver when the Britts introduced it to china ...long ago ... very interesting history, in fact that's where the term china (as in expensive dishes) came from ...
You are absolutely right, this struggle has roots long back in the history for sure! I think China remembers it very clearly and as they can plan decades at a time with their communist structure I think they already have a future painted where China is by far the most powerful country, if that ever would happen they sure will need to adopt cryptocurrency