Bullish on China

the one argument after that is "how china will keep the domination"
seems they giving alot of effords to not follow the empires before them

like USA, Britih, Dutch, etc
now seems china stocking gold to keep his money "real"

@UsualCat I don't see how they'd change the cycle, or even why they would want to! All empire must die but the establishment lives on like a phoenix's flame.

Like America and Britain had stacks of gold too but still couldn't afford their security bills in the end.

@Nebuchadnezzar_II britain literally in favor of fiat, while america is just the same. they booth hate gold based things

while china they want stability. with or without gold. you will understand that after talking with chinese ppl from mainland... they care about stability more than anything, while western isn't
if you miss my point welp its just like seeing iran. ppl on western brainwash to think iranian live in sorrow and pain, while in reality live just normal, and some part was even better. energy is cheap. everything is good, economy rotating even when you see that their "currency" doesn't worth, they dont really care, <this one verified since i had almost 8 close friend that we talking amost everyweek>

@UsualCat I take your point. I know that China are smart and are positioning strategically for the future. I know that the general Western perception of Eastern powers is just childishly insane. I know as well the China control the supply of bitcoin asics and are buying precious metals a lot.
But conversely I believe that global empires are simply unsustainable in the long term.

I went to China not long ago, just for a stopover in Shanghai, but seeing that city from the air was fucking amazing. The scale of infrastructural and building development was just insane.

@Nebuchadnezzar_II basic rule when i on elementary school seems always come
"everything that born will die, everything that young will be old, every big civilization will eventually die"

all they can do is just extend their time, and try to be relevant. the most peak was before covid, i selling things and people buy it almost rate the services in dollar
now i almost get 80% from monero while the rest is just fast moving one like litecoin and zano xD
(guess everyone almost hate paypal and dollar now)

@SpinningCat I'm glad to get that reaction.

I really love about this forum that I can fly in the face of the prevailing sensibilities so hard and still get a fair say.

@UsualCat
I'd never take money from paypal or digital fiat in general because I don't want to take part in their digital verification flows. Just don't want to risk getting locked out.
I know I can get locked out of half of these cryptos technically (erc-20), but in practise the risk is much higher in tradfi.
For example, my friend was buying a car in the uk with a bank transfer. But they had to go through days of calls to release the money because the bank was concerned about fraud liability. In reality there was nothing suspect about the transaction; it was a low value puchase from a legitimate dealer using regular government wages. This is a regular part of uk banking now.
Another example: I used to get paid in usd for online work but they would only pay with paypal. Paypal would not release the money in dollars and forced me to pay an extortionate exchange rate to cash out in GBP. I was censored from reddit for even talking about this. Fucking scamming filthy dirty good for nothing criminals.
So I don't give a fuck any more.
Pay me in paper cash or pay me in crypto.
Then to move the crypto, buy monero, then away. Game over.

@Nebuchadnezzar_II i mean why bank also care about fraid

example
you buy something from me
money handle by some stone

why the stone care about verification its valid or fraud?
its "YOU" and when YOU get scam, welp its not stone fault

something like that. honestly transfering big amount and then being asked what the money for... is wild... its my money why the bank care where i send it to...