Cash is the King...

Discussion in 'Currencies' started by madaw1, Mar 19, 2020.

  1. precious roar

    precious roar Active Member

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    He's been right so far.
     
  2. TreasureHunter

    TreasureHunter Well-Known Member

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    Before you insult people, educate yourself and think.

    Globalization isn't a mere stale definition and the phenomenon doesn't just mean that, because it has tremendous negative implications: e.g. McDonald's restaurants in ancient Venice (and elsewhere) ruining the views. And not just the views.
    The old, well-developed beautiful parts of Europe are being globalized. This is driven by greed.

    The negative effects are way beyond the looks of old cities.
    Globalization wipes out small businesses (hypermarkets took over, where flourishing small businesses used to be for hundreds of years), you can see the same types of cars almost everywhere, the ugly glass buildings ruining the landscape (Manhattan is not for Europe), local foods are disappearing (everyone is eating pizza-hamburgers-kebab), local industries are disappearing because of major global corporations (and generally the great colonial powers export their industry, while the smaller countries' small industries go bankrupt or get "wiped off the table"), globalized tourism makes every destination look and feel the same (colorful houses everywhere, same bars, same services, same foods, same tour companies, same overall feel...)...

    Globalization has tremendous devastating effects on Europe socially, economically, industrially, ethically, culturally...
     
  3. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Yes, it's not just the economic aspect but also social and cultural. Even in HK, before the riots, you can see that there's tremendous wealth and order everywhere, but the place is very sad, unlivable for human beings for long periods of time. Why do you think Marc Faber left after 30 years in HK?

    There are now 2 ways of handling the fallout - total control, hunger games or north korean style, stamp out dissent by putting the troublesome people in camps forever, or constitutional democracy/monarchy. Either way is no panacea but the first method will eventually lead to total destruction and revolution much quicker. This is why dynasties and regimes are an average of 50-200 years whereas the british crown and japanese monarchy are over a thousand years. History proves it.
     
  4. mmm....shiney!

    mmm....shiney! Administrator Staff Member

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    What do you find insulting? The fact that you talk shit? Or the fact that because you talk shit you're therefore ignorant?

    So you've come up with your own use of the word "globalisation" to describe the phenomena that's got your panties in a twist?

    That's illogical. How can a region/city become globalised? Again, you've come up with your own use of the word to describe whatever phenomena is occurring in regions of Europe. Maybe corporatisation or multiculturalism may be more appropriate? Just saying.

    Which is a human characteristic that has existed since the year dot and has absolutely nothing to do with globalisation as greed can even exist in the most sectional societies of the world. If you're upset about McDonalds for instance, which mind you has brought happiness to millions across the globe, maybe you should go and visit your local MP and explain that the favours dispensed by governments ie crony-capitalism is actually a real problem.

    Nope. Globalisation didn't do that. What has actually happened is that production has responded to the increasing levels of technology, changes in the labour market and consumer preference. Businesses that can adopt efficiencies are better able to compete in a global market and the vast majority of consumers are more than happy to buy from the corporates instead of the local shop. Or Wal Mart, Aldi and Woolies or Coles wouldn't have the profit margins to prove that and Steve Bezos would still be selling books from his garage. The artesinal producer has his place, but most of us prefer shop in the big stores because it's more convenient and has what we want at a price we're comfortable with.

    Go and put your slippers on grandad and go outside and give the modern world a piece of your mind!! Maybe you'll be able to run down a teenager or something and beat your values into him with a stick? LMAO

    Screen Shot 2020-08-19 at 7.20.06 pm.png
     
  5. mmm....shiney!

    mmm....shiney! Administrator Staff Member

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  6. alor

    alor Well-Known Member Silver Stacker

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    Globalization
    using USA law on Nord Stream 2 pipeline
    forcing Japan to submit to US terms
    now forcing China to accept

    Following is a translation of an article from the Global Times written in Chinese:

    The trade war against China has entered fever pitch.
    The White House has announced that if China wants to cease the trade war, she must meet the following 4 demands from the US government:

    1. China must reduce its trade surplus with the US by US$100 billion within one year.

    2. China must open up its financial and e-commerce markets to the United States.

    3. China is not allowed to trade in the world markets for technology.

    4. Chinese Government subsidiaries are not allowed to engage in industry policies, specifically referring to the prohibition of “Made in China 2025”.

    The United States is trying to force China into signing an unequal treaty reminiscent of the Opium Wars.

    These 4 demands provide the reader with a clear view of the diabolical intentions of the United States and is a conspiracy aimed at attacking China's sovereignty.

    rule the WORLD o_O
     
  7. mmm....shiney!

    mmm....shiney! Administrator Staff Member

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    Not globalisation.
     
  8. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I remembered back in 2008, there was way more fear about the US economy than today. I actually closed my Citibank account fearing that it will go bankrupt. In those days, there was no Apple, no Google, no Facebook, only American banks so if the banks are gone, the whole US economy will crash. I'm surprised if Americans haven't learnt their lesson and have some savings.

    Plenty of news on private home foreclosures, houses going for $100 each, and REIT bankruptcy, all of which didn't really happen eventually. The risk today is more about geopolitics, the recession will work out itself, and the US thrives when there's geopolitical instability as America sells weapons and collects protection money.

    The pandemic is a structural recession. Structural recessions are painful but they are bitter medicine and countries that suffer the worst will come out the strongest because they will be forced to restructure their economies to rely less on the service and bubble economy, and more on real economy - manufacturing and construction.
     
    Last edited: Aug 19, 2020
  9. TreasureHunter

    TreasureHunter Well-Known Member

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    TRUE

    Yet another attempt to what Chinese people call "the humiliation of China" by the great colonial powers. They did it once, they are capable of doing it again.

    According to Noam Chomsky, the US has subjected Japan to horrific economic blockades and economic warfare, literally making it almost impossible for Japan to thrive and grow economically.
    Then, Pearl Harbour happened. In a strange way, the Japanese bombed military targets, but later the US bombarded Hiroshima and Nagasaki. That was GENOCIDE.

    This is what they are doing to China today.
    Regardless whether China's communist, that is not what's important: the US is strangling China's growth. The anti-Japan recipe was a bit similar pre-WW 2.

    Yes, this form of "globalization" is not free trade. It's a "just us" policy. The greedy attempt of a declining America to hold on to global dominance, which it consumed following the collapse of the
    Soviet Union and the Communist Block in Europe.

    The "Belt and Road Initiative" is a very interesting project that could not only help China develop, but also Europe (because it links the Eurasian continent). Of course, the US is "cutting the Eurasian cake" in half.

    The Middle East is a great "tool" to hinder China from doing business with Europe.

    The North Korean crisis is being kept alive (never resolved), fed like a meat eating plant. This was the US can keep thousands of troops in the east surrounding China.

    How odd (as you said): China has to open up, but the US is closing up?
     
  10. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    You do know who did the lobbying?

    Madam Chiang Shek, the first lady of China. Listen to her speech, the words are eerily relevant today. Of course, she is the first lady of China, not the "first lady of the communist party". If you get my hint. ;)

     
    Last edited: Aug 19, 2020
  11. mmm....shiney!

    mmm....shiney! Administrator Staff Member

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    Hey numbnuts, why not call it “ballet”, or “gravity”, or “fibreglass“? After all, you’re just making up new definitions for words.

    You need to see a doctor and get your meds changed.
     
  12. TreasureHunter

    TreasureHunter Well-Known Member

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    @sgbuyer:

    "The Chinese Joan of Arc" : )))))
    "The Most Powerful Woman in the World" : )))))

    Taiwan was the result.

    I can name at least 7 great powers that can be described as "predatory and arrogant" :D
     
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  13. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Most dynasties only last 50-200 years. Actually, some only last 2 years. History repeats itself, over and over again.
     
    Last edited: Aug 20, 2020
  14. mmm....shiney!

    mmm....shiney! Administrator Staff Member

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    Philip Lowe on the threat of backing away from globalisation. And by globalisation both he and I refer to it's true meaning, not what the populists like @TreasureHunter mean when they steal it and redefine to suit their own narrow-minded ends.

    https://parlinfo.aph.gov.au/parlInf...ep/868db039-2384-4ce9-a502-1354709677d2/0000"
     
  15. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I don’t blame TreasureHunter. He doesn’t know what he is dealing with. It’s like a wife who is bored with a husband who doesn’t do the dishes or change the baby’s diapers, one day a sweet talking young man comes along... It is almost always dreamy at the start of every relationship with lots of promises and small gifts.
     
    Last edited: Aug 22, 2020
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  16. alor

    alor Well-Known Member Silver Stacker

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    Cash Empire vs Digital Currency
    look ahead, digital is well ahead
    cashless societies is still the future
    cash is like king with a head on the floor
     
  17. TreasureHunter

    TreasureHunter Well-Known Member

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    In Israel it's almost impossible to use cash, well over 90% of the physical shops/businesses only use card- (or other cashless) methods.
    This percentage is high in Sweden as well.

    Latin America and India are places where you can go if you want to live in a "cash is king" world.
     

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