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Zhou Yongkang just got his rear end thrown in the slammer. Xi Jinping's power is completely solidified at this point? Any of the other faction left in power?
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Dec 6, 2014 03:33
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TheBuilder posted:Zhou Yongkang just got his rear end thrown in the slammer. Xi Jinping's power is completely solidified at this point? Any of the other faction left in power? 90 BILLION Yuan were confiscated from his family. Jesus gently caress, how the hell do people get that rich and still call themselves communist?
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Dec 6, 2014 03:48
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It's called "lying." I've been thinking recently: China is very vulnerable to lies becoming "big lie" institutional facts because of this emphasis on rote learning and culture of never questioning authority and going along with the flow even if you know it's wrong. So some chairman or emperor cam say some offhand bullshit and 5 years later it's being taught as fact and even eclipsing previous knowledge. I gotta remember that number when anyone tries to play the "America is corrupt too!" card. $17.4 billion! 
Arglebargle III fucked around with this message at 04:14 on Dec 6, 2014 |
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Dec 6, 2014 04:02
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Or maybe its because of the authoritarian government, Argle "pro-kmt" Bargle III.
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Dec 6, 2014 05:24
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Of course,the 90bn figure could also be a lie to ease the guy's way into jail
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Dec 6, 2014 06:48
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Yeah because if it was a perfectly reasonable 1 or 2 billion yuan he had amassed on his government salary the Chinese people would think that's cool.
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Dec 6, 2014 07:10
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It's hard to believe he would have kept that much money in China. Isn't the first thing you do is sending money overseas?
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Dec 6, 2014 07:11
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One guy just recently got busted with so much cash in his house they couldn't count it so they had to weigh it.
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Dec 6, 2014 07:15
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TheBalor posted:It's hard to believe he would have kept that much money in China. Isn't the first thing you do is sending money overseas? Four words, solid gold Mao statues.
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Dec 6, 2014 08:30
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I love the utility angle on that. What's this guy's utility for 2 tons of cash in his basement as opposed to 1 ton of cash? What's he getting out of that, really? Why is he even taking bribes at this point?
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Dec 6, 2014 08:38
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90 bil yuan in 100 yuan notes (weighing 115g each) would weigh more than 100 thousand metric tons 
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Dec 6, 2014 08:38
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TheBalor posted:It's hard to believe he would have kept that much money in China. Isn't the first thing you do is sending money overseas? If capital controls were limiting the rate at which he could do that, imagine how much more must still be out there.
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Dec 6, 2014 08:39
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Arglebargle III posted:I love the utility angle on that. What's this guy's utility for 2 tons of cash in his basement as opposed to 1 ton of cash? What's he getting out of that, really? Why is he even taking bribes at this point? Greed, and inertia, probably. Think about how people would start to look at you if you stopped taking bribes. In a country where *everyone* takes their cut, the one man who isn't stands out sorely. People would probably assume that he was about to flip on them to investigators working for some rival, and the trust his whole political position was built on would collapse. By the time you make it to the upper echelons, you couldn't stop taking bribes even if you wanted to. Probably mostly greed, though.
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Dec 6, 2014 08:59
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Rated PG-34 posted:90 bil yuan in 100 yuan notes (weighing 115g each) would weigh more than 100 thousand metric tons Different guy smartass.
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Dec 6, 2014 09:05
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Rated PG-34 posted:90 bil yuan in 100 yuan notes (weighing 115g each) would weigh more than 100 thousand metric tons 100 kilotonnes of cash
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Dec 6, 2014 09:13
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How much trouble would an official get in if they stopped taking bribes, do you think?
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Dec 6, 2014 09:14
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paragon1 posted:How much trouble would an official get in if they stopped taking bribes, do you think? Why would you stop taking bribes? Only reason I see is that you know a hammer is about to come down, or are angling to consolidate your power base and advance yourself. The best Chinese can hope for is removing bribes from day-to-day business, like applying for passports, passing a driver's exam, or going to school. Unfortunately, nationalism and departmental inertia prevent these reforms. Fixing this is easy and creates a secure middle class: pay your workers above-average salary with decent benefits. That'd require taxation, and if theres one thing China is good at, its institutionalizing the avoidance of taxation through direct bribery rather than civil institutions.
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Dec 6, 2014 09:56
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My Imaginary GF posted:Why would you stop taking bribes? Only reason I see is that you know a hammer is about to come down, or are angling to consolidate your power base and advance yourself. Because you have two tons of cash in the basement and can't find a place to store it or spend it. My Imaginary GF posted:Fixing this is easy and creates a secure middle class Oh it's you, hello My Imaginary GF.
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Dec 6, 2014 10:30
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Arglebargle III posted:Different guy smartass. I know it's different, but I still found it amusing. You'd need several ocean liner s to get all that cash out of the country.
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Dec 6, 2014 16:16
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Rated PG-34 posted:I know it's different, but I still found it amusing. You'd need several ocean liner s to get all that cash out of the country. Check your math. It's impossible for a 100 yuan note to weigh 118 grams.
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Dec 6, 2014 16:23
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Ceciltron posted:Check your math. It's impossible for a 100 yuan note to weigh 118 grams. Oops, I just calculated it according to this page http://www.chinadaily.com.cn/opinion/2014-11/15/content_18918949.htm
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Dec 6, 2014 16:28
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Rated PG-34 posted:Oops, I just calculated it according to this page http://www.chinadaily.com.cn/opinion/2014-11/15/content_18918949.htm Something still strikes me as fishy.
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Dec 6, 2014 16:33
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Putting a bank note at 2.5g (a little over, probably) is not a bad guesstimate So 1.15g perhaps they mean?
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Dec 6, 2014 16:34
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Using 1.15g and 1.2 million notes gets you about 1.52 tons (1.38 tonnes) Working backwards with 2.3 tons and 1.2 million notes gives 1.74g per note, which is far more believable, and right in line with my estimate above, if my estimate was 2g and not 2.5g
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Dec 6, 2014 16:44
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Maybe they wrote down "1.75g" but the person typing the article up mistook the 7 for a 1 and similarly missed the decimal point
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Dec 6, 2014 16:57
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simplefish posted:Maybe they wrote down "1.75g" but the person typing the article up mistook the 7 for a 1 and similarly missed the decimal point This is in keeping with the level of technical skill I have seen with chinese periodicals.
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Dec 6, 2014 17:14
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Arglebargle III posted:I love the utility angle on that. What's this guy's utility for 2 tons of cash in his basement as opposed to 1 ton of cash? What's he getting out of that, really? Why is he even taking bribes at this point? Why would you even have so much cash in your house; launder it and put it in the bank. Can you imagine the absolute disaster it would be if your house caught on fire.
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Dec 6, 2014 18:30
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Vladimir Putin posted:Why would you even have so much cash in your house; launder it and put it in the bank. Can you imagine the absolute disaster it would be if your house caught on fire.
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Dec 6, 2014 18:45
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I would imagine the cash was vacuum sealed into bricks and then covered in that dust and paint combo they use in every building these days instead of proper stucco. There's always money in the Hall of the People.
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Dec 7, 2014 01:18
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I like the party guy who hid it in a pond.
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Dec 7, 2014 01:30
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IIRC, one of the big south american drug lords found that when you store enough money in warehouses and mattresses, you start losing large percentages of it to rats, silverfish, and moths.
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Dec 7, 2014 01:55
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Do they make green-treated money? Green-treated Green, so to speak.
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Dec 7, 2014 02:35
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Tom Smykowski posted:The dude probably doesn't trust Chinese banks, thus the basement stash. The dude probably doesn't want to get caught with 2 tons of cash when he's supposed to get 30 100 yuan notes per month.
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Dec 7, 2014 03:05
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You keep that much money in the house because that's the cash your connections and bribers bring to you. You need to use a lot of them to grease the palms too so at least practically you need a lot of cash on hand. Zhou didn't think he would fall because he was one of the 7 (9?) standing committee members and figured he was untouchable. If the president is still Hu him wouldn't have touched Zhou.
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Dec 7, 2014 03:17
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whatever7 posted:You keep that much money in the house because that's the cash your connections and bribers bring to you. You need to use a lot of them to grease the palms too so at least practically you need a lot of cash on hand. The real question is, was this purge telegraphed and just waiting for the hammer to come down, or was it an unpredicted move? If its the latter, thats s really poor sign for PRC's economic future.
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Dec 7, 2014 03:20
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My Imaginary GF posted:The real question is, was this purge telegraphed and just waiting for the hammer to come down, or was it an unpredicted move? If its the latter, thats s really poor sign for PRC's economic future. Well considering that Zhou's son had been arrested for corruption a year ago, that Zhou had appeared in support of Bo Xilai earlier, we can say that this was predictable.
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Dec 7, 2014 03:49
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Ceciltron posted:Well considering that Zhou's son had been arrested for corruption a year ago, that Zhou had appeared in support of Bo Xilai earlier, we can say that this was predictable. Ah. That could explain some of why he had so much cash on hand: patrons returning any gifts he'd made, while he still collects from his network.
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Dec 7, 2014 03:57
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My Imaginary GF posted:Ah. That could explain some of why he had so much cash on hand: patrons returning any gifts he'd made, while he still collects from his network. No, that's not returned money. Those patrons would probably just dump the money rather than be seen returning it.
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Dec 7, 2014 03:59
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The more I think about it, that number seems unrealistically high. 90 billion would be 5 times the amount Wen Jiabao's family supposedly made according to that article by the New York Times.
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Dec 7, 2014 04:13
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My Imaginary GF posted:The real question is, was this purge telegraphed and just waiting for the hammer to come down, or was it an unpredicted move? If its the latter, thats s really poor sign for PRC's economic future. I have heard a few obscure mentions of assassination attempt on Xi from random online posters and a CSIS speaker once. Assuming this is true and it was instigated by Zhou and Bo, then from the moment the assassination attempt failed, neither Xi nor Bo would have any chance to escape or funnel money to their descendants. The only difference was whether Zhou would go out under the guise of "early retirement" or publicly shamed on CCTV. The people on Chinese forum knew Zhou was going down at lease after Bo Xilai anyway. whatever7 fucked around with this message at 04:20 on Dec 7, 2014 |
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Dec 7, 2014 04:16
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