Corrupt Chinese official found with £520million worth of gold bullion in home

Discussion in 'Current Affairs' started by dross, Oct 3, 2019.

  1. dross

    dross Active Member

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  2. alor

    alor Well-Known Member Silver Stacker

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    just imagine there are 10,000 of them with such a hoard, in their basements
     
  3. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Well, he's a dead man....soon.
     
  4. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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  5. madaw1

    madaw1 Active Member

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    That's what has been called GOOD STACK!
     
  6. kilo

    kilo Active Member Silver Stacker

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    Wondered the same thing myself
     
  7. willrocks

    willrocks Well-Known Member Silver Stacker

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    So he was in charge of a city of 9 million. He was caught with £520,000,000 ($956,828,704 AUD) in gold and £30 billion ($55,207,500,000 AUD) in the bank. That's a total of $56.16 billion AUD. Somehow he managed to milk the equivalent of $6240.48 AUD from each person in his city. It almost seems impossible.
     
  8. Jim4silver

    Jim4silver Well-Known Member

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    Just imagine how much Xi must have stashed away? This guy was only a "mayor" and look what he had.

    Socialism pays well for those at the top. These Chinese leaders make the Russian oligarchs look like amateurs I'm guessing.
     
  9. alor

    alor Well-Known Member Silver Stacker

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    its highly likely to be real, when the numbers boggle the mind, its just unbelievable but its just a fact
    the gold sound real, but the shelf holding up the gold, may be just ornaments, majority are on the floor
    just like farmers with all their produce at the warehouse, we never saw so many of one type of item in a single place, its almost never been seen, almost impossible to all common eyes, does not make it false
     
  10. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    China isn't a socialist country. Singapore is even more socialist than China. This is a misconception that most people make. Again, common perceptions are not the same as reality.

    The China today is basically run like the China of the 19th century and prior. They call it with “Chinese characteristic” but it has nothing to do with socialism which is a western concept. One road one belt, Silk Road, trying to revive a concept from 2000 years ago, Han Dynasty and the countries they trade with are vassal states. You have to know a bit of ancient Chinese history to understand what they are trying to do.

    But Australia might fit the description of a real socialist country? I guess.
     
    Last edited: Oct 3, 2019
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  11. Jim4silver

    Jim4silver Well-Known Member

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    Communist instead of socialist if you prefer that term instead. Either way the citizens there are not free compared to most places.

    China is great for foreigners looking for organ transplants they can't get in their own country.

    https://en.wikipedia.org/wiki/Communist_Party_of_China
     
    Last edited: Oct 3, 2019
  12. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    I've been listening to some interesting commentary on RealVision about China. A number of commentators make the point that Xi Jinping has refocused the Party's efforts on "matters of principle" read: Marxism/Leninism, whereas prior to his ascension the Party's efforts were focussed on economic reforms. The upshot of it is that Xi's power agenda is ideologically driven, whereas in the recent past it may have been more market driven. Therefore as Westerners we shouldn't expect economic or political reform to take place if it requires sacrificing any of the Marxist/Leninist ideological roots. In fact it's likely that China will move further away from any democratic reforms.
     
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  13. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    It's more ambitious than that.

    It's about the revival of the Han Dynasty. The silk road all started from Han and leads to Han. You have to read a little on ancient China history, how China was created, the Han people, the Han script (Kanji, Hanja) and the Han Dynasty to understand what's going on. Communism, democracy and socialism are all western ideology. Han ideology is based on confucianism, taoism, capitalism (Han dynasty was a free market economy), completely different.

    [​IMG]
     
    Last edited: Oct 4, 2019
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  14. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    I’d disagree with you based on what I’ve heard.

    The Party is certainly not moving toward a free market.
     
  15. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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  16. mongrelmaple

    mongrelmaple Well-Known Member Silver Stacker

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    Spot on. They’re certainly not moving toward free market, or a free population either for that matter :rolleyes:
     
  17. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    Bound to be thousands of these stacks in China.
     
  18. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    There are conflicting signals. Obor shows that China wants to trade with the rest of the world, but at the same time there’s a move against free enterprise. It’s like wanting to have the cake and eat it too. By the way, my wife sometimes behaves like that to, if you get my hint. :D
     
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  19. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Yep, and I think the CCP wants to make China as self-sufficient as possible in order to reduce any threats from outsiders, both economically and ideologically. Self-sufficiency is the path to poverty of course.
     
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  20. Jason1

    Jason1 Active Member

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    Good to see those communists ideals working out for the every day people, lol.
    So much for every one living like equals as communist fanatics would have you believe its all about
     

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