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Pener Kropoopkin
Jan 30, 2013

:qq: < Typo shedding tears for poor gwai lo investors

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Byolante
Mar 23, 2008

by Cyrano4747

mormonpartyboat posted:

didnt a chinese company buy out SOE which is why everquest next capsized

No it was a Russian oil company acting on behalf of Putin because his daughter wanted to run a comic book mmo. Said Russian company is embroiled in a legal dispute over a Siberian oil well after they employed ex-spetznas mercenaries to go and capture it under force of arms from a Canadian company.

gucci bane
Oct 27, 2008



this thread is proof that American exceptionalism is alive and well

Pener Kropoopkin
Jan 30, 2013

Commerz posted:

this thread is proof that American exceptionalism is alive and well

Actually I think you'll find that China lies about everything. Now if you'll just take a look at these AAA rated mortgage-backed securities...

Typo
Aug 19, 2009

Chernigov Military Aviation Lyceum
The Fighting Slowpokes

Commerz posted:

poor people shouldn't be involved in stock markets because they're dumb? cool..

Western stock markets are well regulated and efficient enough that it's hard for even dumb investors to lose $$$, the same is not true for China

quote:

verall despite rhetoric those people would be way better off than poor Americans who invested in their stock market as even despite the crash the shanghai stock market has performed exceedingly well.

past performance = future performance ofc

Pener Kropoopkin posted:

:qq: < Typo shedding tears for poor gwai lo investors

:china:

Typo has issued a correction as of 05:26 on May 27, 2017

Typo
Aug 19, 2009

Chernigov Military Aviation Lyceum
The Fighting Slowpokes

Byolante posted:

No it was a Russian oil company acting on behalf of Putin because his daughter wanted to run a comic book mmo. Said Russian company is embroiled in a legal dispute over a Siberian oil well after they employed ex-spetznas mercenaries to go and capture it under force of arms from a Canadian company.

:psyduck:

gucci bane
Oct 27, 2008



Typo posted:

Western stock markets are well regulated and efficient enough that it's hard for even dumb investors to lose $$$, the same is not true for China

past performance = future performance ofc


:china:

western stock markets are plagued by bullshit IPOs and constantly crash. they also aren't worth even close to what chinas have been worth for small investors, due to the huge amount of growth china has had. sure, they could've been more efficient if they let Americans and THE GLOBALISTS invest and control corporate boards instead of the CCP. Instead they made markets that worked for the Chinese people. an honorable decision.

the fact you're making a past doesn't equal future argument now means you're conceding that you're basing your opinions on how you feel things might go instead of how they have gone. which is I guess why they are poo poo flawed arguments.

Typo
Aug 19, 2009

Chernigov Military Aviation Lyceum
The Fighting Slowpokes

Commerz posted:

western stock markets are plagued by bullshit IPOs and constantly crash. they also aren't worth even close to what chinas have been worth for small investors, due to the huge amount of growth china has had. sure, they could've been more efficient if they let Americans and THE GLOBALISTS invest and control corporate boards instead of the CCP. Instead they made markets that worked for the Chinese people. an honorable decision.

the fact you're making a past doesn't equal future argument now means you're conceding that you're basing your opinions on how you feel things might go instead of how they have gone. which is I guess why they are poo poo flawed arguments.

the fact that you seem genuinely convinced that the Chinese stock market is a great socialist stable project while Chinese insiders are literally funneling 100s billion to > 1 trillion of $$$ out of the country since 2015 into western assets is somewhere between amusing and concerning, depending on how much $$$ you are current invested in Chinese equity

Typo has issued a correction as of 05:49 on May 27, 2017

gucci bane
Oct 27, 2008



Typo posted:

the fact that you seem genuinely convinced that the Chinese stock market is a great socialist stable project while Chinese insiders are literally funneling 100s billion to > 1 trillion of $$$ out of the country since 2015 into western assets is somewhere between amusing and concerning, depending on how much $$$ you are current invested in Chinese equity

I'm not invested in Chinese equity. Yes there is corruption in Chinese economy, but that is because it is illegal to do many of the things extremely common in the west. we aren't arguing if China is perfect, just comparing it to USA. if you don't think money is being funneled out of the USA in a similar fashion you're mistaken.

Typo
Aug 19, 2009

Chernigov Military Aviation Lyceum
The Fighting Slowpokes

Commerz posted:

western stock markets are plagued by bullshit IPOs and constantly crash. they also aren't worth even close to what chinas bitcoins have been worth for small investors, due to the huge amount of growth china bitcoins has had. sure, they could've been more efficient if they let Americans and THE GLOBALISTS central banks invest and control corporate boards fiat currency instead of the CCP MTGOX. Instead they made markets that worked for the Chinese people. an honorable decision.

get that OUT of my face
Feb 10, 2007

lol if you think that any stock market anywhere is going to be equitable for anyone. it's funny to see tankies trip over themselves to defend chinese capitalism just because the ruling party has "communist" in its name

Pener Kropoopkin
Jan 30, 2013

Commerz has only been making relative arguments compared to Western markets. It's not like he's saying that the Chinese stock market is socialized.

Best Friends
Nov 4, 2011

Commerz posted:

poor people shouldn't be involved in stock markets because they're dumb? cool.. btw the last crash occurred in 2015, so your entire premise is wrong. Overall despite rhetoric those people would be way better off than poor Americans who invested in their stock market as even despite the crash the shanghai stock market has performed exceedingly well.

also on the other comments yes the Chinese have not tried to enrich foreigners through their communist stock market. what morons.

ordinary people, and also most professionals, who invest in individual stocks in America are also suckers.

Byolante
Mar 23, 2008

by Cyrano4747

Renova Group own Columbus Nova, who bought SOE and rebranded it Daybreak.

https://en.wikipedia.org/wiki/Columbus_Nova

Here is the court filing for the armed takeover in Siberia

quote:

In this action, Plaintiff Norex Petroleum Limited ("Norex") asserts eight causes of action, including tort and
quasi­contract claims, against Defendants Leonard Blavatnik, Victor Vekselberg, Simon Kukes, Access Industries,
Inc. ("Access"), Alfa Group Consortium ("Alfa"), Renova, Inc. ("Renova"), OAO Tyumen Oil Company ("TNK"),
TNK­BP Limited ("TNK­BP"), and BP PLC ("BP"). These claims stem from Defendants' alleged conspiracy to strip
Norex of its controlling interest in a Russian oil company named ZAO Yugraneft ("Yugraneft"), which owns a
valuable oil field in Western Siberia

quote:

Plaintiff contends that Defendants conspired to rob Norex of its controlling interest in a Russian oil company
named ZAO Yugraneft ("Yugraneft"). Yugraneft owns an oil field in Western Siberia worth hundreds of millions of
dollars.
Defendants allegedly relieved Norex of its controlling interest in Yugraneft by corrupting Russian court
proceedings and government officials in an attempt to decrease Norex's ownership interest in and voting rights over
Yugraneft (the "Know­How Case"), forging documents, and ultimately sending armed private militiamen carrying
AK­47 assault rifles to storm Yugraneft's corporate offices and oil field in June 2001.


http://www.schlamstone.com/wp-content/uploads/2015/08/Norex-Petroleum-Limted-v-Blavatnik-2015-NY-Slip-Op-51280U.pdf

mormonpartyboat
Jan 14, 2015

by Reene

Commerz posted:

this thread is proof that American exceptionalism is alive and well

i wouldnt call my posts exceptional per se but i do accept the compliment

Al!
Apr 2, 2010

:coolspot::coolspot::coolspot::coolspot::coolspot:

Commerz posted:

I'm not invested in Chinese equity. Yes there is corruption in Chinese economy, but that is because it is illegal to do many of the things extremely common in the west. we aren't arguing if China is perfect, just comparing it to USA. if you don't think money is being funneled out of the USA in a similar fashion you're mistaken.

that's funny, that's exaclty what your mom told me when she was making me breakfast this morning

Al!
Apr 2, 2010

:coolspot::coolspot::coolspot::coolspot::coolspot:
hey any of u dumb assholes talked about bretton woods itt yet

gucci bane
Oct 27, 2008



Al! posted:

that's funny, that's exaclty what your mom told me when she was making me breakfast this morning

it's funny you would say that because I was hanging out with all your friends the other day and they told me that your mum pays them to hang out with you.

Al!
Apr 2, 2010

:coolspot::coolspot::coolspot::coolspot::coolspot:

Commerz posted:

it's funny you would say that because I was hanging out with all your friends the other day and they told me that your mum pays them to hang out with you.

yeah like i was saying, i cant believe the degrading poo poo ur mom and dad let me do 2 them for minimum wage

lollontee
Nov 4, 2014
Probation
Can't post for 10 years!
I dunno, but economic orbs seem to be on a rise lately.

mormonpartyboat
Jan 14, 2015

by Reene

Al! posted:

hey any of u dumb assholes talked about bretton woods itt yet

no but its on my lsit of scotch to try

rudatron
May 31, 2011

by Fluffdaddy

Al! posted:

hey any of u dumb assholes talked about bretton woods itt yet
Im pegging my bretton woods to the petrodollar

Coolguye
Jul 6, 2011

Required by his programming!
commerz: the article you link explicitly mentions a bunch of american mutual funds etc as the holders of these stocks; did you not put it together that the owners of these mutual funds are, in general, otherwise ordinary people who are bought in through their IRAs and 401ks? the ultra-rich don't bother with mutual funds, they have their own poo poo going on with private hedge funds and other nonsense. also this isn't a CBC report with data, it's an essay that is half screed from a single economics professor at one university.

the only thing it's saying is that more people in China directly own the stocks they hold instead of utilizing professional money management. at best, that's a development problem in china because the firms that service the middle class don't exist/aren't good at their jobs yet. at worst it's because there's such a mammoth trust deficit in China due to the loving rampant corruption at all levels of the society that people refuse to give their money to dudes in suits.

i really don't care enough about this conversation to go searching for bullshit to support one view or the other, but if you look at statistics from corruption NGOs around the world i'm gonna guess you'll find the data supports the worst case far more than the best.

gucci bane
Oct 27, 2008



Coolguye posted:

commerz: the article you link explicitly mentions a bunch of american mutual funds etc as the holders of these stocks; did you not put it together that the owners of these mutual funds are, in general, otherwise ordinary people who are bought in through their IRAs and 401ks? the ultra-rich don't bother with mutual funds, they have their own poo poo going on with private hedge funds and other nonsense. also this isn't a CBC report with data, it's an essay that is half screed from a single economics professor at one university.

the only thing it's saying is that more people in China directly own the stocks they hold instead of utilizing professional money management. at best, that's a development problem in china because the firms that service the middle class don't exist/aren't good at their jobs yet. at worst it's because there's such a mammoth trust deficit in China due to the loving rampant corruption at all levels of the society that people refuse to give their money to dudes in suits.

i really don't care enough about this conversation to go searching for bullshit to support one view or the other, but if you look at statistics from corruption NGOs around the world i'm gonna guess you'll find the data supports the worst case far more than the best.

Yeah that's what i was referring to when I said pensions. The public do have too much trust in the stock market. There is a study from two chinese economists that found the governments announcement of the OBOR policy caused much of the bubble that led to the 2015 crash. People were too optimistic about the capabilities of their government. If we're just arguing about corruption now then yes I don't care either.

Al!
Apr 2, 2010

:coolspot::coolspot::coolspot::coolspot::coolspot:
OBOR is an acronym for O ORB

Coolguye
Jul 6, 2011

Required by his programming!

Commerz posted:

Yeah that's what i was referring to when I said pensions. The public do have too much trust in the stock market. There is a study from two chinese economists that found the governments announcement of the OBOR policy caused much of the bubble that led to the 2015 crash. People were too optimistic about the capabilities of their government. If we're just arguing about corruption now then yes I don't care either.

then the poo poo you linked actually has absolutely nothing to do with egalitarianism the way you claimed it did and you're just kind of walking around in circles on this? i don't even anymore

you know what, whatever man, if you think the chinese solution is so much better than go participate in it a little. i guarantee you will be writing traumatized stories that will put you right in stead with the cats posting in the chinese expat thread in gbs within 3 months.

Peanut President
Nov 5, 2008

by Athanatos

(and can't post for 7 days!)

Are people in C-Spam really getting tribal over loving stock markets. Jesus.

Peanut President
Nov 5, 2008

by Athanatos

(and can't post for 7 days!)

Take all your money out of uber and put it into pork futures, :ocelot:

gucci bane
Oct 27, 2008



bring back LF, there is too many people unironically worshiping ameriKKKa in this forum

Al!
Apr 2, 2010

:coolspot::coolspot::coolspot::coolspot::coolspot:
wait a second............................ bubble...................... orb............. bubble..... orb!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Commerz posted:

bring back LF, there is too many people unironically worshiping ameriKKKa in this forum

nobody cares what they think, or what you think, and thats why cspam is better than lf

Pener Kropoopkin
Jan 30, 2013

The wealth of LF was its posters, the greatest of which were cruelly permabanned :rip:

mags
May 30, 2008

I am a congenital optimist.

Pener Kropoopkin posted:

The wealth of LF was its posters, the greatest of which were cruelly permabanned :rip:

:allears: inform me on who you considered the "greatest"

KaptainKrunk
Feb 6, 2006


so is the next one gonna be the Big One or not you p*ssies

lollontee
Nov 4, 2014
Probation
Can't post for 10 years!
I'm pussy permabanned for piss politics

Pener Kropoopkin
Jan 30, 2013

mister magpie posted:

:allears: inform me on who you considered the "greatest"

why maggotmaster ofc

mags
May 30, 2008

I am a congenital optimist.

Pener Kropoopkin posted:

why maggotmaster ofc

lol

Byolante
Mar 23, 2008

by Cyrano4747

Pener Kropoopkin posted:

why maggotmaster ofc

is that the guy who pretended to be black for a free pair of jeans courtesy of LF

mormonpartyboat
Jan 14, 2015

by Reene

Pener Kropoopkin posted:

The wealth of LF was its posters, the greatest of which were cruelly permabanned :rip:

the posting theory of value

Pener Kropoopkin
Jan 30, 2013

Byolante posted:

is that the guy who pretended to be black for a free pair of jeans courtesy of LF

Maggotmaster was the Bolivian (Peruvian?) kid who got perma'd for posting a thread about assassinating Obama.

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rudatron
May 31, 2011

by Fluffdaddy
There's a difference between worshippimg amerikkka, and just recognizing that China isn't going to save you, or the world, or China, or anyone else who isn't a ccp member/chinese business leader

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