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(Thread IKs: fart simpson)
 
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Mr Hootington
Jul 24, 2008
Probation
Can't post for 35 hours!
The insane man at work who once told me all Muslims must be force converted to Christianity or executed has informed me that America must invade China to stop the genocide of the uighurs.

Edit: we were talking about Taiwan and whether what is going on is Saber rattling or something else.

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Mr Hootington
Jul 24, 2008
Probation
Can't post for 35 hours!

Atrocious Joe posted:

Adrian Zenz is your coworker?

Unfortunately no. Just another insane white evangelical white supremacist.

Edit: since the inauguration he has been getting crazier because the guy with the swastika tattoo sent him Qanon and militia videos to watch. It has been pretty fun to watch. His new greatest fear is china commies will cross the southern border and invade Texas and that all migrants from the south are sleeper agents.

Mr Hootington has issued a correction as of 19:09 on Apr 7, 2021

Mr Hootington
Jul 24, 2008
Probation
Can't post for 35 hours!
Would Ukraine be better under the nazis or Putin? No they would be best as an American colony

Mr Hootington
Jul 24, 2008
Probation
Can't post for 35 hours!
We need to invade China so we can subjugate the uighurs properly.

Mr Hootington
Jul 24, 2008
Probation
Can't post for 35 hours!


I will learn the truth soon

Mr Hootington
Jul 24, 2008
Probation
Can't post for 35 hours!
https://twitter.com/MrHootington/status/1383459788445544464?s=19

I'm extremely pleased to listen to the Falun gong today. :)

Mr Hootington
Jul 24, 2008
Probation
Can't post for 35 hours!

gradenko_2000 posted:

Falun Gong Show

Yeah it rules. I asked how I could buy a scarf but the lady wouldn't tell me.

Edit; my family thinks I am crazy for how excited I got upon seeing the Falun gong.

Mr Hootington has issued a correction as of 17:59 on Apr 17, 2021

Mr Hootington
Jul 24, 2008
Probation
Can't post for 35 hours!

Deified Data posted:

Was it falun gong that started the whole "China is harvesting organs" thing?

Yes

Mr Hootington
Jul 24, 2008
Probation
Can't post for 35 hours!
https://twitter.com/DecampDave/status/1392524569148370944?s=19

So 3 months until we recognize the "genocide"?

Mr Hootington
Jul 24, 2008
Probation
Can't post for 35 hours!
"Taiwan isn't a country because it was founded by Marxists leninists."

Mr Hootington
Jul 24, 2008
Probation
Can't post for 35 hours!

mila kunis posted:

what did bezos need to be bailed out of?

He gets $10bil for spacex

Mr Hootington
Jul 24, 2008
Probation
Can't post for 35 hours!
*frothing at the mouth spittle flying as I scream*
WHAT IS THE LEFT HIDING?! WHAT IS CHINA HIDING?! WHAT IS FAUCI HIDING?! WE MUST KILL THEM ALL!!! TRUMP/LINDELL 2024

Mr Hootington
Jul 24, 2008
Probation
Can't post for 35 hours!

Agrajag posted:

i heard and read various versions of this since 09'

Chinese and foreign tech bozos got to big for their britches in China. Xi had enough so the CCP is bringing down the hammer on everyone.

Mr Hootington
Jul 24, 2008
Probation
Can't post for 35 hours!

God it rules Xi declared war on for profit education and tech.

Mr Hootington
Jul 24, 2008
Probation
Can't post for 35 hours!

Cpt_Obvious posted:

Is the Chinese digital currency a real plan or just hyperventilating?

It is real. They either want to do that or petroyuen.

Mr Hootington
Jul 24, 2008
Probation
Can't post for 35 hours!
https://twitter.com/PriapusIQ/status/1427587021997068298?s=19
https://twitter.com/PriapusIQ/status/1427588653002461187?s=19
https://twitter.com/PriapusIQ/status/1427589306735017985?s=19
https://twitter.com/PriapusIQ/status/1427589612923506690?s=19

The mad lad is doing it.

Mr Hootington
Jul 24, 2008
Probation
Can't post for 35 hours!

*Lennyishly* Xi is worth 1.5 billion. When will he give up his wealth and execute himself. *drool spills out of mouth and eyes cross*

Mr Hootington
Jul 24, 2008
Probation
Can't post for 35 hours!
The west is only melting down about tencent, alibaba, and others getting the Xi fisting because those big Chinese tech companies are traded on the Hang Seng which is open for foreign investment. The west is exposed to these companies failing and the west has to pay these fines and penalties.

Just sitting here and thinking about this makes me wonder if this isn't some kind of sanctioning or China saying "hey we can twist the screws," to the west.

Mr Hootington
Jul 24, 2008
Probation
Can't post for 35 hours!
Taiwan is just Florida for chinese gusanos

Mr Hootington
Jul 24, 2008
Probation
Can't post for 35 hours!
China doing without bloodshed what the usa has done with bloodshed is breaking people.

Mr Hootington
Jul 24, 2008
Probation
Can't post for 35 hours!

BrutalistMcDonalds posted:

they believe the hornier people get, the more society will collapse. because that's... uhh... well it doesn't make a lot of sense

https://www.youtube.com/watch?v=ljXKz8KYj18

My new ideology just dropped

Mr Hootington
Jul 24, 2008
Probation
Can't post for 35 hours!
Hey Brutalist, how big of a problem would evergrande defaulting be? Is evergrande in trouble?

Mr Hootington
Jul 24, 2008
Probation
Can't post for 35 hours!

BrutalistMcDonalds posted:

seems like they are. but i dunno. maybe the government wants to shepherd them into bankruptcy?

Ok I wasn't sure if you had anymore info. Thanks!

Mr Hootington
Jul 24, 2008
Probation
Can't post for 35 hours!

BrutalistMcDonalds posted:

np. i don't know the answer. some friends who read this thread were also talking about it. like, is debt in china subject to contagion or not? or is it just kinda fake with government departments owing money to other departments, and if evergrande defaults, will it matter?

so far... :shrug:

Maybe this has to do with some of the QE their central bank is doing. Evergrade says they have enough funds for 12 months of debt obligations.

Mr Hootington
Jul 24, 2008
Probation
Can't post for 35 hours!

Grapplejack posted:

> Evergrande Real Estate Group

oh. oh god is this their property bubble popping

There is some other bad MOJO happening in china's economy too. August pmi numbers are in contraction territory. Manufacturing was the only one in expansion by .1

Mr Hootington
Jul 24, 2008
Probation
Can't post for 35 hours!
Xi is shattering alipay.
https://www.reuters.com/world/china/china-break-up-ants-alipay-force-creation-separate-loans-app-ft-2021-09-12/#:~:text=Sept%2012%20

Rumors are China us about to crush the remaining crypto crap within it's borders.

Mr Hootington
Jul 24, 2008
Probation
Can't post for 35 hours!

AnimeIsTrash posted:

Chairman xi, please punish the crypto idiots.

The rumor is all crypto trading or holding may be investigated as money laundering schemes or other such financial crimes.

Mr Hootington
Jul 24, 2008
Probation
Can't post for 35 hours!
I'll add a little more potential crypto death news. So Evergrande (3rd largest Chinese real estate company) is collapsing and Tether may be waist deep in Evergrade's junk commercial papers. Tether may be completely under the water with all of Tether's commercial paper holdings being Junk Chinese commercial papers. A lot of the Chinese junk commercial papers look like they are collapsing or at least contracting, but I'm not smart or knowledgeable enough to figure all of that out.

Mr Hootington
Jul 24, 2008
Probation
Can't post for 35 hours!

paul_soccer12 posted:

If I'm remembering the trueanon ep correctly, bitcoin as a whole is pretty tied up in tether isn't it

Yes. Tether doesn't actually have the majority of what they say they have and what little backing tether has is completely worthless.

I'm not joking when I say they "print" "digital" USD that has zero backing and say it is worth something to dump into bitcoin. They are essentially counterfeiting digital currency.

Each crypto exchange is a ponzi scheme/counterfeiting/money laundering/wire fraud.

Mr Hootington has issued a correction as of 03:50 on Sep 13, 2021

Mr Hootington
Jul 24, 2008
Probation
Can't post for 35 hours!
Cross-post from doomsday because we just talked a bit about it.
https://twitter.com/Fxhedgers/status/1437257089726881794?s=19

Edit: this is another thing that is happening
https://twitter.com/Sino_Market/status/1437227467396112389?s=19

Foreign money is starting to pull out of Hang Seng listed companies. It is unknown how this may affect Shanghai Stock Exchange or Shenzhen Stock Exchange. I'm going back to my normal thread for this type of posting.

Mr Hootington has issued a correction as of 04:55 on Sep 13, 2021

Mr Hootington
Jul 24, 2008
Probation
Can't post for 35 hours!

Holy poo poo it is happening. Lmao yes! I'm going to quote post this to econ doomsday. Lmao

Edit: some blue ball energy here if this doesn't actually gently caress anything up like Barrons thinks

Mr Hootington has issued a correction as of 23:04 on Sep 14, 2021

Mr Hootington
Jul 24, 2008
Probation
Can't post for 35 hours!

Lostconfused posted:

lmao just noticed that it's Peter Zeihan posting that.

I have no idea who this is, but what is talked about in the article lines up with what other outlets or the CPC has said. The only new info is them entering technical default.

Mr Hootington
Jul 24, 2008
Probation
Can't post for 35 hours!

Lostconfused posted:

Just laughing that it's one of these think tank people who has been predicting the collapse of China for years now is posting about it.

I understand now. This evergrande thing may actually be a very serious thing. Nobody knows who is holding the bag.

That's a lie. We know foreigners are going to be holding the bag. Someone in doomsday eco posted an article that was about Blackrock getting balls deep in Chinese real estate. I'm going to laugh so hard if they are Bigly exposed.

The evergrande story has been a low simmer for awhile now. I want to say back in feburary there was rumblings about some of this, but it really came to the forefront in june or July. The cpc has said they are doing everything to protect Chinese banks and finance.

I think the politiburo will let evergrande blow up because they know Chinese finance and banking will be fine and most of the risk is owned by dipshit foreign investors. Watching the bonds is hilarious because people are desperate to unload them.

Mr Hootington
Jul 24, 2008
Probation
Can't post for 35 hours!

hot witch divorcee posted:

so this is looking to be a hilarious repudiation of 2008, will burn the rest of the world's finance bros but not china's, AND is going to absolutely obliterate cryptocurrency?

please stop. im volcel. this is too much

The burning of the rest of the world's finance bros is my personal tinfoil hat wish. Please do not take that as fact.

Mr Hootington
Jul 24, 2008
Probation
Can't post for 35 hours!
After reading this I am convinced China might be hosed too lol
https://twitter.com/globaltimesnews/status/1437970091224678405?s=19


quote:


As some Western media outlets and investors used Chinese property giant Evergrande's debt crisis to bash the Chinese economy, experts on Tuesday pointed out that such criticism overstates the impact of the isolated incident on China's property market and will not affect China's efforts to strengthen regulation of the housing market to prevent major financial risks and ensure sustainable development.

Following recent reporting over Evergande's liquidity crisis, as the group reportedly faces deadlines on more than $300 billion in liabilities, fails to pay overdue bills and imposes lengthy repayment delays on holders of wealth management products, some China bashers warned of bleak prospect for the Chinese economy.

Most notably, George Soros, who is despised by many around the world for creating and profiting from crises, warned that an Evergrande default "could cause a crash" within China's economy in a recent article in the Financial Times. Soros has been predicting a fall of the Chinese economy for many years, even though the world's second-largest economy continues to grow rapidly.

Cao Heping, a professor of economics at Peking University in Beijing, said that Soros, who is an investor with a political purpose, attempts to gain benefits by spreading "China economic collapse" rhetoric. "Western media and investors' tricks are doomed to fail," Cao told the Global Times on Sunday, noting that Evergrande's debt problem was isolated to a single firm.

The sprawling developer has entered into too many sectors not connected to its core business - including new energy vehicles, sports and finance - stretching the firm's liquidity to breaking point, said Li Changan, professor of the Academy of China Open Economy Studies at the University of International Business and Economics.

According to Evergrande's interim financial results, its short-term liability to be due within a year was 240 billion yuan ($37.2 billion) as of June 30, while cash and cash equivalents were only valued at 86.77 billion yuan during the same period.

The group said on Tuesday that its contract sales are expected to see "significant continuing decline" in September, thereby resulting in the continuous deterioration of cash collection and would place "tremendous pressure" on the group's cash flow and liquidity.

The company has been actively exploring options with potential investors on the sales of part of its stakes in China Evergrande New Energy Vehicle Group Ltd and Evergrande Property Services Group Ltd, as well as purchasers for its office building in Hong Kong. However, it is uncertain whether the group will be able to execute these sales, the statement continued.

Evergrande said that it has engaged financial advisers to assess its capital structure, evaluate the liquidity of the group and explore all feasible solutions to ease the current liquidity issue and reach an optimal solution for all stakeholders as soon as possible.

The new statement didn't appease investors, Evergrande shares continued to fall on Tuesday, with the group's share prices plunging nearly 12 percent, its new energy branch down 25 percent and its property services arm down about 12 percent at closing bell.

In fact, Chinese regulators have been monitoring Evergrande's debt problem and talked with the group about the state of its operations, which means that the exposure to the broader public markets can be contained, Li said.

China's central bank and the banking and securities regulators summoned Evergrande executives in mid-August to discuss the firm's present situation, urging the property developer to fully implement the central government's strategic measures aimed at maintaining the sound and sustainable development of the property market by not extending business activities, actively tackling debt and promoting stability within the property and financial markets.

Experts said that there are no systemic risks to China's property sector, largely due to the central government's years-long agenda aimed at minimizing risks in the financial and housing markets.

Amid the government's continuous measures to rein in the red-hot housing market, floorspace transactions and revenue for commercial buildings across the country dropped year-on-year for the first time so far this year in July, down 8.5 percent and 7.1 percent respectively, latest data from the National Bureau of Statistics showed.  

Experts hold an optimistic outlook for the Chinese economy. Cao said that the fall of property companies that focus on speculation will reduce the cost for the country's digital transformation and facilitate sustainable development of the Chinese economy rather than lead to a collapse.

Amid the COVID-19 pandemic, the Chinese economy has continued on a steady recovery path, even as other major economies, most notably the US economy, face renewed risks and uncertainty. Cao projected that China's GDP will likely reach 6 percent during the third and fourth quarters of the year, driving annual GDP growth rate to above 9 percent.

Mr Hootington has issued a correction as of 04:05 on Sep 15, 2021

Mr Hootington
Jul 24, 2008
Probation
Can't post for 35 hours!

I'm joking. the article made me laugh, but also gives off the leslienelsonnothingtosee.gif vibes

Mr Hootington
Jul 24, 2008
Probation
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Finally we can have a proper cold war

Mr Hootington
Jul 24, 2008
Probation
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This would also explain why uranium prices spiked last week

Mr Hootington
Jul 24, 2008
Probation
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Mr Hootington
Jul 24, 2008
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Taiwan said they are increasing their military budget by 500%

And the rest of the ghouls in America are jumping in.
https://twitter.com/FirstSquawk/status/1438502504308695041?s=19

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