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Chinese banks cause alarm as capital flight measures intensify

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Re: Chinese banks cause alarm as capital flight measures intensify

#251

Post by Gibbon1 »

8note wrote: post #244
rhaway84773 wrote: post #220

Earlier quoted context omitted.

You’ve pretty much eliminated all agency that exists in those countries and their people. This is the only way to support Russia and China today. By using a “Great Power” theory which pretends smaller countries have no agency and their people have no value, other than how they affect the interactions of those larger countries. The U.S. is also surrounded by a bunch of countries. Somehow those countries aren’t clamori…

There's no power close to the US that could counterbalance it. If there was an equivalent south American power, you might see Mexico and central American countries looking to escape American influence, but no such power exists

The history of Eurasian Powers in the New World is highly negative and the US keeps those guys away.

Re: Chinese banks cause alarm as capital flight measures intensify

#252

Post by mistermann »

logifail wrote: post #213
mistermann wrote: post #190

Earlier quoted context omitted.

>> there’s nothing the US wants less than borders starting to be changed by wars > I think it's a major mistake to talk about any country as if it's one homogenous, unanimous entity Not to mention mind reading! It's become so common and acceptable in our culture, we don't even realize when we're doing it anymore. I swear, this simulation is becoming so bizarre it wouldn't even shock me if one day flood lights came on…

> It's become so common [..] Yes, rarely a day goes by without me coming across a story entitled "Gen Z is $foo" or "Gen Z doesn't $bar" or similar. > and acceptable [..] Not sure about that, I stop reading as whenever I encounter such lazy writing! Somehow we're hearing and making more noise than ever about diversity and inclusion, yet we've collectively forgotten what diversity actually means...

> Not sure about that, I stop reading as whenever I encounter such lazy writing!

Lazy writing is an assumption, and I don't think it is a remotely safe one.

Keep in mind that there is a difference between the state of mind a person is in at the time they were writing a comment, and the state of mind they are in when they get called on what they say in their comment.

Re: Chinese banks cause alarm as capital flight measures intensify

#253

Post by b112 »

chaostheory wrote: post #164
b112 wrote: post #146

Earlier quoted context omitted.

My pants were made in China, and now they are made in Mexico. Mexico is optimally aligned, with a shared historical/cultural ethos, and desire for NA stability, too. Also, it solves a problem; one cannot wage war without pants. Well, unless you are General Buck Naked... But my point is, manufacturing is returning to the West, which also has low cost production zones. And imagine, a revitalized Mexico, with the cartel…

I think you need to read what decoupling means and how the term applies to trade with China unless you’re replying to the wrong comment.

You can't decouple without pants on.

And I said made in, not assembled in.

Re: Chinese banks cause alarm as capital flight measures intensify

#254

Post by spywaregorilla »

Overtonwindow wrote: post #240
spywaregorilla wrote: post #117

Earlier quoted context omitted.

I've seen this idea expressed on HN a few times recently. I don't get it. The mechanics are really not that different from any other country. If you print billions to bail out entities you get rapid inflation. The big things at risk are real estate prices and local governments. You can't easily wave this away regardless of your level of control.

What would stop a country with full control from simply printing money and saying "inflation? What inflation?" Where will the cracks show and how will they show?

Think about what inflation is. Does the US make inflation real by acknowledging it? Or is it there even if we don't recognize it?

The cracks appear the same everywhere. You have large debts that need to be paid. You want to exchange cash for value. If you suddenly instantiate cash in large quantities to pay those debts, the ratio of cash:value suddenly gets a lot bigger. People start saying "hey, I was saving $10 bills in my wallet, and now everyone's passing around $1000 bills, what's up with that?" (hyperbolic and illustrative). Foreign entities taking your local currency start saying "hey, if you're gonna keep printing this stuff, I'm gonna need more of it to stay ahead of the curve and get 'my share'". Everyone needs to nudge up prices a little bit because they buy from others who raised prices, and that means labor prices need to rise. etc. etc.

When it is easier to get ahold of currency, the "value" of the currency goes down. If you're not producing increasingly more valuable stuff to offset that, it starts to mean prices rise.

Re: Chinese banks cause alarm as capital flight measures intensify

#255

Post by chaostheory »

b112 wrote: post #253
chaostheory wrote: post #164

Earlier quoted context omitted.

I think you need to read what decoupling means and how the term applies to trade with China unless you’re replying to the wrong comment.

You can't decouple without pants on. And I said made in, not assembled in.

I’m not sure what point you’re trying to make because it sounds like you disagree with my comment, but all of your points support my argument

Re: Chinese banks cause alarm as capital flight measures intensify

#256

Post by andy_ppp »

rasz wrote: post #200
Overtonwindow wrote: post #91

Earlier quoted context omitted.

The CCP will not go to war in Taiwan anytime soon. Maybe ever. Younger Chinese are absolutely against it, the invasion of Ukraine has undermined everything China has ever said about invasion. To mount an invasion of Taiwan would be significantly more difficult than Ukraine, and is not feasible anytime soon. In short, China cannot afford it, monetarily and they cannot afford the potential blowback in trade and investm…

At least at the start of 2022 invasion Chinese internet propaganda and censorship machine was set to full russian bias. They even had official Chinese TV journalists embedded with ru forces documenting all the territorial gains. Last time I saw any mention of Chinese journalists was around July when one witnessed first hand a rather good T-72 entry into turret orbital tossing contest on theoretically secured back roa…

For all the disagreements here and possible flame wars from people on both sides, the very fact we’re allowed to discuss both sides of a conflict like this openly is a strength of our society and a weakness of theirs.

Re: Chinese banks cause alarm as capital flight measures intensify

#257

Post by b112 »

chaostheory wrote: post #255
b112 wrote: post #253

Earlier quoted context omitted.

You can't decouple without pants on. And I said made in, not assembled in.

I’m not sure what point you’re trying to make because it sounds like you disagree with my comment, but all of your points support my argument

I am agreeing with you, but for some reason you're disagreeing with my agreeing!

I was merely providing additional data, my pants were made on China, now the label says Mexico! Same style/brand.

Re: Chinese banks cause alarm as capital flight measures intensify

#258

Post by fomine3 »

Overtonwindow wrote: post #91
andy_ppp wrote: post #34

Are the increasingly tight capital controls a precursor to a war with Taiwan or because the CCP expects some other shock to occur? Is their economy expected to crash for some other reason or is this simply dictatorships love centralised control over everything especially capital?

The CCP will not go to war in Taiwan anytime soon. Maybe ever. Younger Chinese are absolutely against it, the invasion of Ukraine has undermined everything China has ever said about invasion. To mount an invasion of Taiwan would be significantly more difficult than Ukraine, and is not feasible anytime soon. In short, China cannot afford it, monetarily and they cannot afford the potential blowback in trade and investm…

I sometimes see news that ultrarights on Chinese internet supports invading Taiwan and other offensive actions

Re: Chinese banks cause alarm as capital flight measures intensify

#259

Post by [deleted] »

andy_ppp wrote: post #247
thr717272 wrote: post #222

Earlier quoted context omitted.

"Russia only feel their borders are safe when there are Russian soldiers on both sides of them" is a saying I read recently.

They have the worlds largest stockpile of nuclear weapons… nobody has adequately been able to explain how NATO or someone else would invade such a country.

[deleted]

Re: Chinese banks cause alarm as capital flight measures intensify

#260

Post by matheusmoreira »

papito wrote: post #250
JasonFruit wrote: post #64

Earlier quoted context omitted.

> It's not stupid. It's bold and almost risk-free. It's stupid and risky for either the US or China to escalate a war that threatens to become a global conflict between nuclear powers. I wish saner heads urging restraint would prevail.

So, China and Russia can just point on a map and say "I want that, and I have nukes, so, you know, WWIII". If we are going to play this game, let's have it all out now, because that's no way to live. We all agreed a long time ago that this is not what nukes are for, and if someone wants to lay new rules, they should be ready for what's coming.

Of course they can. The only real defense against this is for everyone to have nukes.

The only question now is whether NATO is going to escalate to global thermonuclear war over some foreign country. Seriously doubt they care that much.

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