TLDR: China is actively fighting domestic capital outflows. They are incentivising keeping funds on-shore by pumping the equity markets. Buy large China stocks (BABA, JD). Inb4 pos or ban The Economics China has a fixed exchange rate regime. Blah blah RMB internationalization, blah blah offshore RMB (which is actually settled in US dollars). This places it within line C of the policy trilemma (which says, you can't sustainably have all 3). Since 2005 to about 2017, the government was moving towards free capital mobility because of large amounts of exports which fed the national forex reserves. You bet billions of RMB left China, which the government didn't really like at first because that reduced domestic investment and would contribute to a weaker RMB. Basically, China was trying to do all 3 which works for a short while... until your forex reserves run out. https://preview.redd.it/g0nwsssoe7f51.png?width=580&format=png&auto=webp&s=0e46b6b2cfa12b351b30ff2c5567c2f9992e99b2 The Current Problem The trade war has definitely been bad for China. I am going to try and skip politics, but basically foreign exchange reserves have been gapping down (official Chinese data is 100% fake). China is increasingly bellicose as well, which doesn't improve relations with trading partners who also buy with US dollars. You can't exchange for US dollars anymore. For private citizens, you can only exchange for education purposes or travel . For companies, you need verification of invoices through both SAFE (State Administration of Foreign Exchange) and the tax offices. This used to take 24hrs, but is now taking 2-3 weeks for amounts >$500k. China also has US dollar denominated bank accounts. But unfortunately, you can't take it in cash unless you have the reasons above. Chinese media is also branding holding US dollars as unpatriotic, so I'm afraid my $50k in digital money might be subject to confiscation. If not, it's just fake money (can't take cash or wire out). China has been brrrrrring to the pace of JPOW. Weapon of choice are muni and local bonds, which have been forced upon local banks. This creates a certain credit problem, but let's not worry about that until later. https://preview.redd.it/maul8aope7f51.png?width=1200&format=png&auto=webp&s=36dd4665517ec7303b51aa1416517c9e0ea50bef The Solution China's pretty smart. All those RMB quotes are fake. You can try to get US dollars, but that is almost impossible now. Anyone who wants to buy RMB, contact me and we'll trade at the current price. So looking at the impossible triangle, free capital mobility has become nonexistent. In order to keep exchange rate stability (to avoid a sudden rush towards the door) and keep printing, free capital mobility needs to be 100% sacrificed. How do you do that with a population that has seen the west and aspire to get out? You need to keep the money onshore. Thankfully, all Chinese are greedy and the equity markets are full of retailers that pump stocks up or down 10% per day. This is one of the reasons for the early July State Council report calling for everyone to buy stocks. Who's buying? Everyone. And if it drops, the national team takes over. This creates a powerful incentive to fill the foreign reserves again. Foreigners (funds) would want to get in on the action. They will exchange their dollars for RMB, get those 20% gains, but eventually find out trying to get that money back into USD is impossible. China has also been strengthening the RMB from 7.10 to 6.96 as of yesterday. Smart, because why would you want to sell an asset that's weakening? This is also a reason why China fears gold rallies - buying gold causes RMB to leave. Happily for the SAFE, some banks have stopped offering their paper gold products. China will pump its domestic markets. Unless you have a Chinese account, the closest thing you can get to are mega names like Alibaba, JD and Tencent. I would avoid touching too small companies because of LK coffee problems. Oh yeah the trade war? Well, pussies don't make money.
[Closed--as much as any trade negotiation with the EU can be] The EU has slowly been extending its vast array of free trade agreements to cover much of the world, and, quite simply, China, as a member of our peaceful and prosperous rule-based international order, wants in. This new FTA would massively expand the EUs zone of free trade, increasing it by nearly twenty trillion, as well as increasing our trade ties with the world by a roughly equivalent amount. While we understand that developing this trade agreement will be a difficult and complex task, we have some thoughts on where to start:
Allow China general access to European financial systems
Allow Chinese nationals 30-day visa-free access to Schengen
General access to the EU of Chinese manufactured goods
Relax or eliminate restrictions on Chinese investment in the EU, including in R&D
Improved IP protections, patent sharing agreement
Establishment of internationally-staffed tribunal for arbitration of dumping/subsidy disputes
Expanded market for European [in particular] films and culture products, with European films receiving a separate annual quota in addition to being eligible to be part of our general quota
Improved human rights conditions, including wrapping up of our counter-terror operations in Xinjiang which you all seem so concerned about
General allowance of imports of European agricultural products
EU citizens will receive 30-day visa-free access to China [EMSCO partners, as a result, will receive either 30, 60 or 90-day visa-free access to China--will be in other post]
China will implement EU-standard sanctions on Russia until it drops this whole expansionism thing. It's bad for business and making everyone freak out.
Replacement of US-backed SWIFT system with joint Euro-Chinese interbank payments system designed for security and processing of transactions in EUR and RMB
China will shift to the Euro and Euro-denominated debt as its preferred reserve currency holding; and will purchase significant [ultimately, $1 trillion, as we migrate our forex holdings down to one-third USD, one-half EUR, one-sixth yen/pound/other] quantities of European debt. Note that this will be a gradual process to avoid financial panic, and one that will involve Chinese purchase of higher-risk Euro-denominated bonds from Italy and Spain--we expect a reasonable guarantee on the part of the ECB that they will not default.
Rail standardization; including adoption by China of ETCS [and subsidization of adoption of ETCS by Central Asian nations, including all the 'stans', and Iran/Turkey], and synchronization of rolling-stock standards to allow trains to run seamlessly from China to Europe
These are really just a starting point, and we'd like to hear the EU's thoughts on this matter. Negotiating trade agreements with the EU is known to be difficult, but we think we may find it worthwhile.
Sup retards, back at it with the DD/macro. scroll to the rain man stuff after the crayons if you don't care about the why or how. TLDR: June 19 $250 SPY puts May 20 $4 USO puts SPY under 150 by January next year. So I was going about my business, trying to not $ROPE myself as my sweet tendies I made during the waterfall of March have evaporated, however, I heard that the fed was adding another $2.3T in monopoly money to the bankers pile specifically to help facilitate these loan programs being rolled out. In short, they are backing these dumb-ass, zero recourse, federally mandated, loans with printing press money. But cumguzzler OP, your title is about inflation and guage simp--try, why are you talking about the fed #ban. Well, when you print money it is an inflationary action in theory. Let me explain.
What is inflation? Inflation is the sustained increase in the price level in goods and services. Inflation is derived from a general price index, and in the US, from the consumer price index. Knowing that inflation is an outcome, not a set policy is very important. Inflation is a measurement after the fact, much like your technical astrology indicators. (**ps, use order flow in your TA you wizards**) HOWEVER, the actual act of buying bundles of these loans does not directly impact inflation. Now what is Gauge symmetry? Gauge symmetry is a function of math and theoretical physics that can be applied to finance models. What a gauge is, is a measurement. Gauge symmetry is when the underlying variable of something changes, however, we do not observe that variable change. A great example of this is if you and a friend are moving, and your friend is holding a box of tendies. The box is a cube, equal on all sides. If you turn away for a moment and she rotates the cube 90 degrees while you are not looking, and you look back - you would have no idea the cube was rotated. There was a very real change in the position of the cube in relation to space-time. Your friend acted on it. But you didn't measure it, in fact it would be impossible for you to determine if the box was changed at all if you weren't observing it. That movement of the box where you didn't observe it, is called gauge transformation and happens literally more then JPow fucks my mom in quantum physics. The object observably exactly the same even though it is not physically the same. The act of it existing as an observably the same box is gauge symmetry - it is by observation symmetrical. Why this is important, is that fiat money doesn't have any absolute meaning. The value of $1 is arbitrary. furthermore, Inflation is a Guage symmetry. Inflation has no real impact on the real value of the underlying goods and services, but rather serves as a metric to measure the shift of value across a timeline. When JPow starts pluggin' your mom along with all these balance sheets, there is a gauge symmetry event happening. The money he is printing is entering the system (gauge transformation), this isn't an issue if all pricing against the USD get shifted equally, however, the market is not accounting for this money because we don't have real-time data on what is being applied where, we only get a slow drip in terms of weekly and monthly reports. WE HAVE OUR EYES CLOSED. This is a gauge symmetry event. When this happens in real terms, the market becomes dislocated from its real value price. Well how do we know there is a dislocation? "YoU JuSt SaId tHe UnDeRlYiNg VaLuE iZ AbStRaCkKt HuRr QE aNd MaRkEtS Iz ComPlEx ReAd A TeXtBuK AbOuT FrAcTiOnAl ReSErVe BanKiNg YoU NeRd." - **anyone rationalizing the bull run** We can look at Forex you fish. USD lives in a bubble. The Yen is in a bubble, the RMB is in a bubble, and we exchange with each other. the Jap central bank has little effect on the CPI index (cost of goods and services) of the US. If the Yen prints a gazillion dollars, the USD is not effected EXCEPT in its exchange rate. YEN:USD would see a sizeable differential the more Yen is printed and vise-versa. So NOW instead of JPow getting away with plowing your girlfriend, we can catch the bitch. Instead of looking at the gauge transformation at face value and then giving up because it is symmetrical output, we can look and see if this gauge symmetry carries over to the foreign exchange market. Well guess what happens when you look at the value of the USD against foreign currencies. Consistent uncertainty during the fed operations. Meaning the market of banks that partake in FX swaps don't know where to spot the USD. Generally a very very bad thing. Value of the USD to Euro 2017-2020, notice the slow decline, then the chaos at the end Above is the value of the USD to Euro, notice the sloping decline. The dollar has been growing weaker since 2017. At the end you see our present issues, lets #ENHANCE USD to Euro, January 2020 to Present When you see those spikes, those are days in between Fed action. The value of the US goes up when the fed doesn't print because people aren't spending. Non-spending is a deflationary event and has a direct impact on the CPI. However, each drop when you line up the dates, was a date of Fed spending. Lets look outside of the Eurozone. This is the RMB to USD. Yes China manipulates, but look at the end of the graph China manipulated rates early in 2018 however you can see the steady incline upward towards the of 2018. More specifically, lets look at it since December. RMB value against USD, January to Now You Can see the Chinese RMB has been gaining steam since December, even with Chinese production falling off a cliff all through this pandemic.
What this rain man level autism means for the economy.
Looking across the board at Forex we can see the USD having a schizo panic attack jumping up and down like me at a mathematics lecture. But what does all this gauge BDSM and shit have to do with the markets? Well it shows 1 of 3 things are occuring.
The fed is printing money to offset deflationary pressures of the economy being fuk for the past month, and therefore all this printing is offset by the loss of liquidity throughout the system and we are all retared. (SECRET: THIS IS WHAT ALL THE INSTITUTIONS THINK IS HAPPENING AND WE WILL ALL BE FINE.)
The deflationary event is overplayed, and JPow just is nailing his coffin together. This would result in long term hyperinflation similiar to the Weimar republic. The only hedge against this is to load up on strong currency that do not manipulate and have enough distance from US markets that they can have some safety (ironically the Ruble is the safest currency. Low link to the USD and not influenced by China, and on discount rn)
The gauge transformation is actually not as severe as they are blurting out, the fed does not pass go, does not actually print 10 Trillion dollars, and this was all a marketing ploy to not get Trump involved and prop markets. In this case, the real deflationary event is real, the USD red rockets harder then my cock and we end up market-wise at a very high asset price in relation to real value. This one is most dangerous because it increases the real value of debt and has mass dislocation between real value and market cap. You took debt at a fixed interest rate and a fixed principal, this would cause the biggest GUH in history when all of a sudden you are $100 million in debt and your revenue was $50 million a year ago, but now is only $25 million. That $100 million in debt is still $100 million and now you have a credit crisis because past values of money were inflated. This spirals into a large scale solvency crisis of any company utilizing current growth methodology (levering up to your tits in debt)
In only 1 of these 3 scenarios do we see any sort of "good" outcome? That would be the offset of deflationary pressures. It is very important to understand that inflation is only a measurement, and itself does not denote value of real goods and services. Option 1 of a print fiesta that works (something similar to 1981-82) seems possible. A similar environment and reaction occured in the early 80s when the government brute-forced a bull run using these same offset theorems but in that situation, Volker at the fed had interest rates at 21.5% and had 20% to come down to stimulate the inflationary reaction. Long term this would just lever up more debt and expanded the real wealth gap over time because we kicked the can down the road another 15 years. If that happens again socioeconomically I don't see capitalism surviving (yeah Im on my high horse get over it). This is the option that many fiscal policymakers and talking heads abide by and the reason why the markets are green. However, it is really just kicking it down the road and expanding real wealth inequality. You think Bernie Sanders is bad, wait until homes cost $3million dollars in Kentucky and AOC Jr comes around. If we get option 2, we see hyperinflation and we turn into Zimbabwe, which is great, I've always wanted to see Africa. Long term we could push interest rate back to 1980 Volker levels and slowly revalue the US against real value commodities already pegged to the USD like oil. This would be a short term shock but because of international reliance on the USD system, we could slowly de-lever this inflation over 2-3 years and be back to normal capacity although the markets would blow their O-ring. Recession yes, but no long term depression. If we get option 3, the worst long term option in my opinion, basically any company with any revolver line drawn down when that hits is going to go under, private equity won't touch it with a 20ft stick because cashflows couldn't possibly handle the debt on the end of the lever, and we see mass long term unemployment. The only way out of the spiral of option three is inflationary pressure from the fed+government, but because we are already so far down the rabbit hole at the current moment there's no fucking way we could print another 10 trillion. USD treasuries couldn't handle the guh and we would essentially be functionally forced into a long term (7-10 year) depression because nothing anyone could do would delever the value of the dollar. This would result in the long term collapse of the United States as a world power and would render us like Russia in 1991. Thank you for coming to my ted talk.
Cases Displaying the Recent Climate of Chinese Economy
This is just a plain list that records the notable cases about China's recent economic woes. China is rumoured to delay indefinitely its US-China phase one trade deal (fact sheet PDF) implementation that includes the increase of China's purchasing American products & services by at least $200 billion over the next two years, which is almost twice the size of what China purchased before the trade war began. Okay. And according to Tianyancha (天眼查), Chinese commercial database that compiles public records; more than 460,000 companies in China closed permanently in Q1 2020, with more than half of them having operated for under three years. [LINK] Of course, this is mainly caused by the COVID-19 pandemic. However, what's interesting to me is the following part: "more than half of them having operated for under three years." What happened three years ago? Once you figure out how big the trade war has played in China's recent economic woes (the article samples listed below may help), the real question is whose investment or money in China was getting destroyed especially for the last three years. Other than the article samples listed below, two other data elements that would need to be assessed are: 1) financial loss from the US' blocking Huawei mobile OS & 5G and 2) financial loss from BRI projects. With CCP, who has been working with Huawei as a team for a long time?    ........................................ ☞ Tale of How Shanghai clique and Prominent Globalists Got Together. ........................................ Sep 09, 2015 -- Fortune Reports: The real ticking time bomb in China’s economy[LINK] "[China's] Local governments have borrowed this money with the blessing of China’s central government. In fact, China’s much-lauded $570 billion stimulus package in 2008, which dwarfed the American response to its crisis relative to each country’s respective GDP was funded mostly by local government debt. That program helped power China’s economic growth since 2008, but the dividends are now drying up. As Chinese growth slows, the central government is worried about the local governments’ abilities to finance the debt. China could continue to kick the can down the road by bailing out its insolvent local governments. But this would run counter to President Xi Jinping’s efforts to curb the power of local officials and shift China’s growth model from investment led to consumption led. Last week, Beijing placed a $16 trillion yuan cap on Chinese government debt, up $600 million yuan from a cap it set last year. And this is after the government has been swapping debt with local governments, buying up real estate-financed local debt in place of government debt officially backed by the Chinese government." Aug 24, 2016 -- SCMP: Wanted posters for fugitive debtors and runaway bosses symptoms of China’s economic woes[LINK] "In the first seven months of this year, there were 38 instances of default by 18 bond issuers on the mainland, six of them SOEs. The defaults involved 24.8 billion yuan, more than double the total for the past two years combined. And while only a third of issuers in default this year were SOEs, they accounted for about two-thirds of the amount in default." Jul 12, 2017 -- The Nikkei Reports: China government auditor flags dodgy books at key state companies[LINK] "China's National Audit Office) delved into financial statements from 20 of the 101 state enterprises directly controlled by the central government, focusing on filings from the year 2015. The records are notoriously difficult for outsiders to access, as many of the companies are core unlisted units of major state-backed business groups. Improprieties were unearthed at 18 of the 20, including 200.1 billion yuan ($29.4 billion) in revenue inflation over the last several years and roughly 20.3 billion yuan in improperly booked profit. Culprits included China National Petroleum, one of the country's largest oil producers; China National Chemical, or ChemChina, which recently acquired Switzerland's Syngenta, the world's top maker of agrochemicals; and China Baowu Steel Group." ........................................ 2018 ........................................ Jul 16: China’s $42-Trillion Debt Bubble Looms Larger than Trade War [LINK] Oct 10: Financial woes build for HNA Group, forcing sale of subsidiaries and property [LINK] ........................................ 2019 ........................................ Jan 25: Sinopec Says It Lost $688 Million on ‘Misjudged’ Oil Prices [LINK] Jun 11: China’s debt disease might wreck its uncrashable housing market [LINK] Jul 18: More than 50 companies reportedly pull production out of China due to trade war [LINK] Jul 19: China Minsheng Investment says it cannot repay the principal and interest on US$500 million of bonds as its debt woe deteriorates [LINK] Sep 06: China Injects $126 Billion Into Its Slowing Economy [LINK] Oct 06: China's foreign exchange reserves fallen to mere $3.1 trillion USD [LINK] Nov 06: China Embraces Bankruptcy, U.S.-Style, to Cushion a Slowing Economy [LINK] Nov 25: China Faces Biggest State Firm Offshore Debt Failure in 20 Years [LINK] Nov 28: Chinese navy set to build fourth aircraft carrier, but plans for a more advanced ship are put on hold [LINK] Dec 02: Tech Firm Peking University Founder Welches on USD 284 Million SCP, Has USD 43 Billion Debt [LINK] Dec 02: Sinopec Group Slims Down Amid Push to Reinvigorate State Firms [LINK] Dec 13: Fact Sheet: Agreement Between The United States Of America And The People’s Republic Of China Text [PDF LINK] Dec 19: Money has been leaving China at a record rate. Beijing is battling to stem the tide [LINK]
Money was leaving the country at a record clip earlier this year through unauthorized channels, according to analysts. That's bad news for China, which needs to keep financial reserves high to maintain confidence in its markets.
........................................ 2020 ........................................ Feb 03: Coronavirus May Delay Hard-Fought U.S. Trade Wins in China [LINK] Feb 16: China's Evergrande to offer 25% discount for all properties on sale in Feb, March [LINK] Apr 02: Luckin Coffee stock tanks 80% after discovery that COO fabricated about $310 million in sales [LINK] Apr 08: Chinese e-learning king TAL Education admits inflated sales [LINK]
Chinese law prohibits Chinese companies from submitting to normal U.S. auditing standards, and four Senators have already introduced a bill requiring them to do so. Should Trump be reelected ... either Beijing will relent on auditing standards or Chinese firms may start to face U.S. delisting threat.
Jul 14: Chinese $2.8bn memory chip project goes bust [LINK]
A Chinese company that launched a $2.8 billion government-backed semiconductor project four years ago is going bankrupt after it failed to attract investors, even as China tries to become self-sufficient in computer chips.
Jul 16: TSMC plans to halt chip supplies to Huawei in 2 months [LINK] Jul 16: The $52 Trillion Bubble: China Grapples With Epic Property Boom [LINK] Aug 26: U.S. Penalizes 24 Chinese Companies Over Role in South China Sea [LINK] Aug 31: China’s Economy Shrinks, Ending a Nearly Half-Century of Growth [LINK] Sep 09: Hongxin Semiconductor, promised China's first 7 nm chips, has gone bust [LINK]
A government-backed semiconductor manufacturing project based in the central Chinese city of Wuhan has gone belly-up, with key operator HSMC mired in debt. The local government said the project amounts to nearly RMB 128 billion (around $18.7 billion) in investment.
Sep 22: Huawei chairman urges U.S. to reconsider 'attack' on global supply chain [LINK] Oct 13: EU imposes 48% tariffs on aluminium products from China [LINK] Oct 18: China's economic growth drops to the lowest level since 1992 [LINK] Oct 27: China’s Failing Small Banks Are Becoming a Big Problem [LINK]
The reality is that Beijing doesn’t have the wherewithal to guarantee the future of hundreds of smaller, provincial financial institutions that together sit on 73.4 trillion ($11 trillion USD) of yuan of total liabilities.
------------------------ ☞ Go Back to the Short Story. ----
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11-04 14:33 - 'DIFFERENCE BETWEEN KRATSCOIN AND BITCOIN' (self.Bitcoin) by /u/xia112 removed from /r/Bitcoin within 3-13min
''' • The indivisible minimum KRATSCOIN unit is 0.00001 instead of 0.00000001 to denominate realistic currency rates in FOREX. Denomination cannot be determined or dictated by the value of a currency. If KRATSCOIN is valued at USD10,000.00 then the smallest unit of KRATSCOIN at 0.00001 = USD0.10 and nothing smaller than USD0.10 in KRATSCOIN. Example: If USD1.00 = THB30.00 and the smallest denomination of USD is USD0.10, then a USD0.10 which is THB3.00, is unable to buy a piece of candy at THB1.00. Thus the USD must be converted into a smaller currency of THB in order to buy the THB1.00 candy. • KRATSCOIN is in-line with standard International Foreign Currency Exchange Practice at indivisible minimum unit 0.00001. • Each KRATSCOIN is equipped with a 13 digit “SERIAL CODES AND NUMBERS” and there will be a total of 2,100,000,000,000 SERIAL CODES in total. Example1: 1st KRATSCOIN = AKDJFYRS.00000 Example2: 1st Fraction from 1st KRATSCOIN = AKDJFYRS.00001 Example3: 2nd Fraction from 2nd KRATSCOIN = AKDJFYRS.00002 Example4: Last KRATSCOIN = DLXVZKWR.00000 Example5: 1st Fraction from Last KRATSCOIN = DLXVZKWR.00001 Example6: 2nd Fraction from Last KRATSCOIN = DLXVZKWR.00002 • In Year 2015, Silk Road in DeepWeb utilization of Bitcoin in their transactions amounts to USD1.2billion spanning over 950,000 users. One may argue that Bitcoin is most utilized by the black market, which then maintains its value and worth among other factors. However, the USD1.2bil a year over 950,000 users are far fetch from the Legitimate Users in comparison. Bitcoin transactions runs into USD40.0bil in recent Legitimate Crypto Exchanges. In summary, legitimate transaction of crypto currencies is many times larger use in illegal transactions. DIFFERENCE BETWEEN FIAT AND CRYPTO: • Fiat Currency is backed by Governments/Countries itself. What determines the value of a currency is the economic health, demand, growth, political stability to name a few, of the respective country. Before 1930, most fiat currencies were backed by gold and silver. • Since 1971, U.S. citizens have been able to utilize Federal Reserve Notes as the only form of money that for the first time had no currency with any gold or silver backing. This is where you get the saying that U.S. dollars are backed by the “full faith and credit” of the U.S. Government - quoted in google.com. • What backs crypto value is purely supply and demand. The demand creation of a crypto is its sole objective. To create demand, the crypto has to have a purpose. And most purpose commonly promoted is utility. The number of ways you can utilize the said crypto. The more utilization factors the more demand there is for it. • There are other ways to substantiate value of a crypto and that is to back the crypto with a 1 to 1 ratio in assets or in USD. Then the question is, how 3,000 crypto currencies in circulation be monetary eco sustainable? Can anyone imagine walking into McDonald and view a chart of 3,000 different pricing? Which also means the crypto is a payment gateway pegging against USD instead of bearing any true characteristic of a currency. • A country’s currency is in its own legit form of legal tender, the only currency acceptable under financial sovereigns of a country. People in the world must be made to understand that. Retailers in Thailand cannot put up products price tags in EUROS/USD, it is illegal. It has to be in Thai Baht. • It is hardly imaginable for everyone in the world to retail with a Crypto-Currencies at a rate of 7 transactions per second. When mining nodes are reduced due to non-performing mining ratio, mining blocks in the Blockchain will significantly be limited too, rendering delays in transactions while usage increases. • In time to come, as trends of crypto picks up, Thailand can issue BAHT COIN or UK the STERLING COIN, exactly what China wishes to do. Digital RMB, but would such crypto currencies be fully decentralized? We all have our answers. Absurd to even think of producing Thai Baht, Pound Sterling or Chinese Yuan at the cost of electricity. It is currencies in digital forms. KRATSCOIN is not meant for that purpose. In some opinion, apart from utilization, a crypto can be for safekeeping, an entity for keeping money while allowing easy liquidation, at a click of a mobile button, not to mention sending or transferring without the trouble of going to banks, which was the original purpose of Bitcoin to begin with. Therefore, KRATSCOIN would be better termed as Crypto Commodity, sharing similarities as Metal Commodities. An individual cannot use gold to make a purchase, neither can one eat gold. It can only be kept or invest in for appreciative value over time. Gold is being exampled for its scarcity which reasons for its higher value over its cousin, silver or bronze. Who or what determines the value of gold? Just like any other crypto, demand by humanity. As in all other commodities, it must also be placed in checks by governments. To put in checks, serial numbers are introduced to protect a country’s commodities outflows or illegal exports. Humanity made Bitcoin a reality. Acceptance by the majority members of the public made Bitcoin to what is it today with the trust they entrusted it with, or is the majority public hopping on the band wagon to make a few quick extra bucks? Whatever the reasons are, the characteristics of Crypto Currencies are only matched by the behavior of Commodities. SERIALIZED COINS - WHAT IT MEANS FOR THE PUBLIC: Every currency has its own remarkable name, design and colors. Dollars, Euros, Pound, Tugrik, Peso, Rupee, Rupiah, Dina, Ringgit, Baht and the list carries on. One thing every currency have in common - Serial Numbers. In any crime, investigators will firstly establish motives and mode of operation, both of which are very likely related to money. So following the money trial is a natural thing to do for investigators/authorities and it has become a common practice. Crimes require funding ie robbers need money to buy guns to carry out its robbing activities. Cutting off financing will reduce criminal activities. That’s the approach governments of the WORLD have adopted for crime fighting. Perhaps people do not realize this while most do not feel the pinch. Humanity tends to take life for granted until apocalypse happens. Take a minute to visualize the tallest tower in your homeland collapse into a pile of dust with thousands of casualties effecting everything else that comes to mind. Imagine a family member, just 1 is enough, is among those casualties. • Imagine if monetary system is not in place and drug dealers, among many, roam the earth freely distributing what can be death threatening substance to your kids. What if you are mugged of your inheritance [items left to you by your father] that is beyond retrieval? As for crypto enthusiast, what if your wallet gets hacked as even the mighty Pentagon gets hacked. All the above can go away if the crypto system leaves a trail for hound dogs to sniff out. Money Trail or Serial Codes Trail to be exact. • Citizens rely on governments and their countries to do what is best for them to lead their daily lives, flourish, advance, improve and strive but at the same time, citizens want to take away the single most important thing deemed crucial in the hierarchy of humanity from governments with additional boastful remarks such as “I transferred $400 million from one corner of the earth to another corner in a single transaction and no governments can do anything about it”. • In-short, to boast unregulated financial movement is to arrogantly promote crime without realizing it while challenging the world’s monetary authority. Oldest advice in the book teaches us never to pick a fight we can’t win. • Serial Coded Coins does not take away the financial movement freedom nor does it take away your privacy. It merely provides Authorities the necessary means needed for crime prevention and fighting. It only re-inforce security and safety. SERIALIZED COINS - WHAT IT MEANS FOR GOVERNMENTS: • Governments are relentlessly trying to find new ways to keep track of crypto transactions. Crypto Currency Exchanges, just like all other Financial Institutions and Banks, are required to practice the most stringent Know Your Customer (widely known as KYC) process. The KYC is designed to provide governing agencies and authorities with information pertaining to crypto ownerships. • But no governments can have information on Peer-to-Peer (also known as P2P) transactions unless the government in question launch a full scale Federal Investigation on certain suspected individuals seeking Wallet Developers to unveil the ownership of certain wallet addresses. Do not forget, National and Global Security trumps Privacy Act. Refusal to co-operate under the pretext of Global or National Security will only result in an out-right ban, which is exactly what happened to Blackberry. • Questions to Governments – What if Wallet Developers or Crypto Exchanges shuts down which can happen for various reasons be it foul-play, sinister or forcefully under threat? What if servers are damaged and ruined? An EMP strike or a simple magnet can make it happen. Information/identities of suspected customers of such addresses shall be lost forever and along with it the Money Trial. • The most probable way of evading Authorities with crypto assets are developing an e-wallet for own illicit purpose. Since the cost of developing an e-wallet is relatively low in considerable cost to hiding, what can governments do to flush out these ants from the vast networks of tunnels? • With Serialized Coded Crypto Assets, it doesn’t matter if servers of Exchanges or Wallets are destroyed. The Serial Codes of each token/coin enables governments of every participating country to track both origin and destination by identifying records of each token/coin in wallet address. It can disappear into a cold wallet but emerging some place later yet Authorities can still detail which particular token/coin has at one moment of time been into which wallet, on what day and date. • If the battle of financial crimes can be resolved with a simple Serialize Coded Crypto Asset, the eradication of corruptions, money laundering, unlawful proceeds and terrorism financing will be made possible. Criminals can no longer exploit the genius creation of Sathoshi – Blockchain and Crypto-Currencies. • Global Security, Anti-Terrorism Financing and Money Laundering could just be excuses granting government agencies the need to have access to financial information in the Monetary System. Nonetheless, it is in the interest of every nation that capital outflow is controlled. Capital Outflow is most frequent when the economy of a country is deteriorating. In the face of an economy meltdown, monetary flow is most needed and yet citizens tend to transfer monies further away illegally from their own country in an act of selfishness. This would not be tolerated by any country. Serial Coded Coin shall prove this attempt futile. • In most part of Asian Countries, many crypto-currency mining operations are carried out illegally. The legality sits on thin fine line where Authorities can pin only stealing of electricity as a major concern to the respective country. Since most Power Companies belongs to the Country in one way or another, it is financially damaging to Power Producers and Utility Suppliers. Serial Codes can determine if the KRATSCOIN is mined legally or illegally making it difficult for miners or mining farms to mine crypto while avoiding making electricity payments. Will this deterrent disrupt the chain of KRATSCOIN supply? That’s not how Blockchain Tech works. TAXATIONS - WHAT IT MEANS FOR PUBLIC AND GOVERNMENTS: • Taxation cannot be imposed on “Illegal & Unlawful Proceeds” instead confiscation is enforced in many countries. Origins or proceeds of Serialized Coded Crypto Assets can be easily identified by the Serial Codes in-conjunction with the Blockchain. This exercise can evidently proof the legitimacy of the aforesaid token/coin. By “Illegal & Unlawful Proceeds” also refers to crypto coins obtained via illegal mining operations. • Taxation on Crypto Assets are calculated on profits deriving from the sale/disposal of the crypto Assets. If we are small crypto believers, the amount of taxation rendered by Inland Revenue will be insignificant. Why risk Freedom of Life over Freedom of Small Monies. If we are big crypto believers, taxation on Serialized Coded Coins can be considered added security to your assets protection. • By adopting Serialized Crypto Assets, declaration is made easily possible via proof of token/coin origin via the Blockchain. If the Authorities can know where our crypto assets come from, the Authorities will know where it will disappear to. It is taxation cum insurance in one tiny sum. This added security with freedom feature will encourage self-declarations of crypto assets to Authorities and Agencies. PRIVACY & ANONIMITY: • Many may be skeptical of their wealth being tracked and monitored. But in this era of technological advance society, everything we touches has our signature. Banks, iPhones, Samsung Mobiles, Google, Facebook, Whatsapp, WeChat, LINE, Viber, Facebook, Properties, Utilities. Almost everything. It is to this fact that there is a need for Privacy Protection Act. • As explained before, Crypto Currency Exchange KYC procedures is designed to expose the identity of Crypto Assets ownership. The Blockchain is supposed to serve as a transparent information platform. The question of privacy over Serialized Coded Coins does not exist, it does not make Serialized Coded Coins ownership any less private. • Ownership of wallet addresses shall always remain anonymous while the only way Authorities can get to it is through Wallet Developers by virtue of Global/National Security Threats or by a Court Order as per the Privacy Protection Act. SAFETY & SECURITY (CODED CRYPTO VS FIAT + COMMODITIES): • No human mind can memorize the millions of serial numbers printed on fiat currencies. The records of Serialized Coded Coins will forever be in the Blockchain embedded within each transaction from wallet to wallet. • Serialized Commodities such as gold can be melted down. Diamonds recrafted. Fiat double printed. But not Serialized Coded Crypto Assets. • Should an accessory system be added into the KRATSCOIN Blockchain, allowing reports on criminal activity be made within the Blockchain, notifying all ledgers of certain stolen Serial Coded Coins, enabling WARNINGS and forbidding next transaction of that particular Serial Coded Coin, wouldn’t this function enhance protection. A theft deterrent function which can never be achieved with physical gold, diamonds or fiat. KRATSCOIN SUMMARY: • Most crypto currencies have not reach a level of security alert for governments. This could be the only reason why a possible ban has not been discussed. China and India has begun efforts to control or ban crypto currencies in their quest to combat capital outflow, writer’s personal opinion. The EU has stopped Libra from implementation. “A company cannot be allowed Authoring Power for issuance of currencies” quoted the governments. KRATSCOIN is fully decentralized with no ownership nor control by any country, company or individual. Once again, the beauty of Bitcoin decentralization concept prevails. • “There is no such thing as a world currency. However, since World War II, the dominant or reserve currency of the world has been the U.S. dollar” quoted in google.com. • Most countries have “Foreign Reserves” as backing to a country’s fiat currency. It is a mean of “back up” attempt should all factors above mentioned leading to the value of their currencies collapse. Then what will happen if the Country of the Foreign Reserves collapse? • Serial Coded KRATSCOIN belongs to no one, no country, no company and therefore theoretically shall not be effected by politics, war or global economy meltdown yet everyone, every country and every government is able to benefit from KRATSCOIN. "Quoted by" [[link]6 [[link]7 [[link]8 [[link]9 [[link]10 ''' DIFFERENCE BETWEEN KRATSCOIN AND BITCOIN Go1dfish undelete link unreddit undelete link Author: xia112 1: lintangnews.c*m/ada*kr**s*o*n-*ni-be*a*ya-d*ngan-bi***in* 2: 0xzx**o***019101*124431*902.*tml 3: ne*s.*oko**y*to.com/*ag/**atsco*n-kt*/ 4: bbs.**anya.cn/p**t-l*ok*u*-836*0*-*.shtml 5: z*uanlan.z*i*u.*om*p/*4*44615 6: l*nta*g*ews.*o*/ada*kr*ts*o*n-*ni-***a*ya-d*ngan-bitcoin/]^^1 7: 0x*x*com/2019101**24*312*02*ht**]^^2 8: news*t**ocr*p*o***m/tag/kr*tscoin-ktc/]*^3 9: bbs.*i*n*a.cn/p**t-loo*ou*-8*61*5-1.sht*l*^^4 10: zhuanl*n.zh*hu.co*/**84**461*]^^5 Unknown links are censored to prevent spreading illicit content.
Ah, but maybe you want to look around a bit and see how China’s total debt is compared with other economies, like this? （你可能想看看其他经济体与中国的债务情况相比是怎么样的，如下图）
（G10债务分布图） If you put China’s data on this chart, it will be somewhere around Canada and New Zealand. Guess Which Country Has Debt Of Nearly 1000% Of GDP... Shocking, isn’t it? 如果你将中国的数据插入上图进行比较的话，中国的数据大约会在加拿大和新西兰之间。猜猜看哪个国家债务大约是自己GDP的10倍....（英国）非常震惊吧 UK has almost 1000% Debt-to-GDP ratio, compared with China’s < 300% Debt-to-GDP ratio, mostly because of that over-sized financial debt - at the end of the day, the government must stand behind it. On top of that, the UK has no resource to sell, hardly any industry left, going through a divorce with EU, and almost never ever meets her fiscal targets. And yet, UK, with its near 1000% debt-to-GDP ratio, is still viewed as the gold standard among safe havens. PRESENTING: The Rosetta Stone Of The Entire Sovereign Debt Crisis Why? Because UK issues debt in her own currency. And who prints the pound? The UK government. 英国的债务/GDP占比将近1000%而中国只是小于300%，其原因是其过于庞大的金融债务——政府最终将不得不为之站台。在此之上，英国没用可出售的资源，没有任何本国工业，正在脱离欧盟，而且英国基本上从来没有达成其财务目标。即使如此，英国仍然被某些传媒视为安全经济体的黄金标准。其原因就是英债都以英镑的方式结算。那么是谁印英镑的呢？英国政府。 Then you take a look at Japan, wow that’s 600%+ debt-to-GDP ratio! But - Japan’s debt is not only mostly internal, in Japanese Yen, but also with 0% or even negative interest. You can roll this kind of debt over practically forever. That’s why people have been yelling about Japanese debt for the last 20 years, and nothing happens. 然后你看看日本，将近600%的债务/GDP占比！但是，日本的债务几乎都是内部的，以日元的形式出售的债务，而且日本是0利率甚至是负利率。实际上这种债务你可以无限积累下去(经济常识：如果是负利率，政府只要保持债务不变，多出来的部分会自行消失)。这就是为啥人们对日债担心了20年但屁事没有发生。 Then you take a look at those economies that have blown up on debt: Argentina: Government/Sovereign debt in USD, with jurisdiction in New York!Greece: Government/Sovereign debt in Euro, with jurisdiction in Brussels!Iceland: External financial debt → nationalized into Government/Sovereign debt in USD and Euro alone was 700%+ GDP in 2008, with jurisdiction in New York and Brussels. 然后你看看那些因债务问题毁掉的经济体： 阿根廷：政府/主权债务以美元形式结算，其裁判权在纽约!希腊：政府/主权债务以欧元方式结算，其裁判权在布鲁塞尔！冰岛：外部金融债务→债务国有化后2008年政府/主权债务以美元和欧元的形式达到GDP的700%，其裁判权在纽约和布鲁塞尔 Then you look at China, with her debt almost entirely internal, in Chinese RMB to Chinese citizens, government debt at 55%, lower than the US, Japan, and EU average, in her own currency. China’s external debt is about 9% of GDP, globally ranked 184th (less than North Korea, similar to Kosovo) - anyway you look at it, it’s hardly the kind of material to make a banking crisis. China is borrowing a little bit from her own piggy bank. Argentina/Greece/Iceland were borrowing a lot from the Mafia. 然后你看看中国，中国的债务基本都是内部以人民币结算的。中国政府债务只占总债务的55%，比美国，日本和欧盟都要低，再次强调，其债务以人民币结算。中国外部债务只占GDP的9%，全球排行184位（比朝鲜低，比科索沃高）。无论怎么看，你都不会看到中国有任何银行危机的迹象。中国只是向其国内贪心的银行借钱。阿根廷/希腊/冰岛可是像美国欧盟这些黑手党借钱。 PS: The most significant increase in China’s debt is in the financial sector, driven by rising real estate price (which means higher value of housing loans). Right now, the Chinese government is basically using it as a tool to do macro-economic engineering. The goal is to cap urban growth in top tier cities (Beijing, Shanghai, etc.) and push the economic growth to second- and third- tier cities (Hangzhou, the city that just hosted G20, is an example.http://www.g20.org/English/Hangzhou/About/index.html Now you can look back and see why the Chinese government decided to host G20 in a city nobody has ever heard of). This is clearly stated by the Chinese government like 100 times since last year in the official news channels. The reason? Top tier Chinese cities like Shanghai (25 million) already have more city residents than the whole nation of Australia! The metropolitan area of Shanghai (44 million) has more people than the entire population of Canada! In one city! Beijing’s population grew by 8 million within the last decade! The place is simply full.List of cities in China by population and built-up area PS: 中国最显著的债务增长是在其金融领域内不断升高的房价造成的（不断增高的房贷造成债务问题）。现在中国政府正在利用房价作为宏观经济调控的工具。其目的是限制一线城市的城市化进程和加速二三线城市的发展（刚刚举办了G20的杭州就是个例子，现在你就能知道为啥中国政府将G20放在一个没人听说过的城市举行了）。这些政策中国政府已经在官媒上宣布了无数次。原因就是一线城市，例如上海（2500万人口），其居民数量比阿根廷全国人口还要多！上海都市圈（4400万人口）的人口数量比加拿大全国还要多！北京人口数量在过去的10年内增长了800万！这些城市的人口数量已经饱和了。 In addition to real estate prices, the Chinese government is also doing stuff like restricting residents permits, disallowing second or third homes, even restricting jobs to local residents, everything to say “this place is full. We have these other nice choices, with lower housing prices. Go there.” Young people complaining about housing prices in tier-one cities? But that’s the whole point. The debt you have to take on to live in tier-one cities SHOULD SCARE YOU OFF. The Chinese government is trying to stop the influx of people pouring into tier-one cities, and get these smart and energetic youths to go build two, three, four, five. … more Shanghai’s in other parts of China. 1.4 billion people can’t all fit into tier-one cities. 除了以房地产为手段，中国政府也加强控制了居住证的发放，禁止第二/三套房买入甚至对本地居民的工作种类进行限制，这些都是为了表达一个意思：这些地方都人满为患了。二三线城市有更低的房价和更好的生活条件，快点去那里吧！年轻人都在抱怨一线城市的高房价？但这就是中国政府想要的。你在一线城市生存需要的代价会把你吓退。中国政府正在尝试控制一线城市的人口流入而让有技术和充满活力的年轻人去建设二三四五线城市——让更多的上海出现在国家的其他地方。14亿人口是没可能全部都聚集在一线城市的。 5.9k Views · View Upvotes Upvote91Downvote Comments4+ Share
There is too much debt, and a lot of it is likely to turn into bad debt, but that does not equal a banking crisis. 是因为中国贷款太多了，而这些贷款大多数会变成不良贷款，但这些都不等银行危机 Banking crisis may be a nice term to bandy around and get clicks and headlines, but does not really explain what is going on. 银行危机或许是一个十分吸引眼球的头条，但是根本就不能解释实际的情况 There was a lot of debt financing, especially after the 2008 subprime mortgage crisis in the US. In order to keep the economy on a steady keel, the Chinese government, through its banks, pumped money to Chinese state-owned enterprises, in order to keep high employment and maintain an image of “growth”. A lot of this money then found its way into the underground banking system through “wealth management products” and other means. A lot of this has turned into bad debt. 中国政府有过很多次债务融资，特别是08年美国次贷危机之后。为了稳住经济增长，中国政府通过银行将大量人民币注入到国企内以维持就业率和高增长的形象。但这些钱最终大都以理财产品和其他形式流进了地下钱庄。这些大部分都变成了不良贷款。 Another problem area, which frequently overlaps with the “wealth management products” is the local government financing vehicle used to fund local property development, which I have discussed here: Paul Denlinger's answer to Why does China have so many ghost towns? 另一个有问题的领域，和“理财产品”有莫大关联的，就是地方政府为当地基础建设所采用的金融工具（我在这个地方有详细的分析：https://www.quora.com/Why-does-China-have-so-many-ghost-towns/answePaul-Denlinger?srid=tR&share=22b99cfc） What is likely to happen in China is that growth will slow down in some areas, while there will be certain newer parts of the economy which will continue to grow. If the Chinese government is able to support the newer parts of the economy and help them to grow, while cutting back on loans to the weaker parts of the economy, it may be able to handle this transition better. 最可能发生的情况就是中国的经济增长将会放缓，但是肯定会用新的增站点。如果中国政府能支持新的增长点而且能减低夕阳工业的不良贷款率，那么或许能更好地度过过渡期。 This is exactly what the Chinese government is trying to do and you can read about it here:Here is how China is going to quietly save its economy 这些正是中国政府正在尝试去做的，你可以读读这个文章了解一下：http://www.scmp.com/news/china/economy/article/2022491/china-deploys-policy-banks-stealth-mission-stimulate-growth So, if you are expecting there to be a dramatic run on the banks, and the Chinese people to take to the streets and overthrow the Chinese Communist Party, and become a full-blown democracy like Taiwan, Japan or South Korea, you are very likely to be disappointed. 所以，如果你是期待一次强烈的bank run（自行百度啥是bank run），然后中国人民上街推翻TG，中国大陆变成与台湾，日本韩国一样的政体，那么你要失望了。 4.3k Views · View Upvotes Upvote62Downvote Comments2+ Share
Is China facing a Banking crisis? 中国是在面临一个银行危机吗？ Yes. 对 Is it facing a full blown Banking crisis? 中国正在面临一个全面性的银行危机吗？ No. 错 Combined debt of China is almost 300% of its GDP. But the the categorized in 4 parts as it is shown in the image with the question too. 中国的总债务大概是GDP的300%。但是分在了如图所示的4个领域内。 The corporate debt has the lion's portion of the total debt. The household debt and non corporate debt are nothing to worry about because it is less many other developed countries and has some room to grow. 公司债务在总债务中占了大头。个人债务和非公司债务根本没啥可担心的因为这些比大多数发达国家还要低所以还有增长的空间。 Government Debt is not too big when compared to standards set by many global institutions like IMF, World Bank, etc. 政府债务以多数国际组织，例如世行和IMF，设定得标准来看其实不高。 The only major concern which is of a serious magnitude is the corporate debt. This is also reiterated by many economists. 最主要的关注点就是公司债务了。许多经济学家都重申了这点无数次了。 Now the problem with China is that data that comes out of major Chinese institutions is murky so their are many different types of estimates by many different institutions but the common theme in it is corporate debt and its size. 中国最大的问题就是中国国内组织公布的数据来源不清晰所以不同的国际组织对中国经济的实际情况估算会不一样。但所有组织最关心的都是中国的公司债务与其规模。 Corporate debt consists of debt owned by state owned corporations and private corporations. Private corporations in China are generally crowded out by the state owned corporations because of connections and political agenda. 公司债务又分成了国企和私企的债务。中国私企大多数收到国企排挤，这是有政体造成的。 Many state owned corporations have invested into unproductive projects as a result of excess boost given by government after 2008 to prop up the economy. This has resulted in a huge amount of NPAs. So, in all the major problem is state owned corporations piling up huge amount of debt. To solve this problem, the government tried to convert the debt into shares which the bank owns and can recover money through profit dividends but this was one of the causes for last year's stock market crash. 在08年过度的经济刺激政策下，很多国企在许多无效益项目上投了许多钱。这造成了大量的无效能资产。所以，最大的问题是国企堆积了大量债务。为了解决这个问题，政府正在尝试将国企的债务转化为股份，那么银行就能将债务转化为红利而最终将债务收回了。但这造成了上年的股灾..... Hence, it is a big crisis but not the one government cannot handle with so much trade surplus and forex reserves. But actions are definitely needed to stop it from growing into a bigger problem. 所以，这是一个危机但仍然是政府能控制的，毕竟中国政府有大量贸易顺差和外汇储备。但是仍然需要实际行动来防止事态的扩展。 906 Views · View Upvotes Upvote18Downvote Comments1+ Share
The Ultimate Blockchain Trading Platform A place to buy, exchange and trade blockchain-based tokens and a wide range of digital assets in Vietnam and the rest of the world. Since 2006 when we first joined the Forex market, we have been researching and developing a number of Forex automated trading systems. In 2009, we deployed a real-time data application system to handle penny auction transactions and system order matching, and eventually to operate the trading platform for our foreign partners. Customers Come First Bcnex will continue to mature and improve to give its users the best trading experience possible. That is the core principle of our business philosophy. Bcnex is a full-service ecosystem for the purchase, exchange and trading of blockchain based tokens and a wide range of digital assets. It is a customer-centric, highly secure and stable trading platform built on microservices architecture that meets the most stringent customer requirements. BCNEX project is another outstanding project which gives traders all the required trading features to complete a trade in which the crypto-traders and lovers globally will no longer experienced any depression as a result of irregularities from the other crypto-currency exchange. BCNEX aims to give users and traders an improved trading platform free of error, glitches, manipulation and irregularities. The method introduced by BCNEX project is one of the unique and outstanding one in the area of crypto-currency exchange. The method employed by BCNEX will restore hope, transparency, speeds, advanced security in the whole crypto-currency exchange space simply because BCNEX project will bring greatness into crypto-currency trading. BCNEX also promises traders and users of the platform with high profitability and productivity in the asset trading. Introduction of BCNEX exchange will bring an end to the issue and challenges facing the crypto-community Roadmap: Q1-Q2 / 2018: Following 2017, Bcnex continues to implement system upgrades and build trading platforms. Q3 / 2018: Bcnex has completed legal procedures, preparing for the launch. Q4 / 2018: BCNex opened angel funding round with a favorable price for investors who want to stick with the company for a long time. Also in Q4, particularly in December, Bcnex had an impressive debut at the Bytecoin Galatech event in 2018, attracting the attention of the media and domestic investors about the first cryptocurrency trading platform that is developed by 100% Vietnamese. Q1/2019: Continuing the angel funding round and also preparing for marketing and legal plans for the token sale to public. Q2-Q3/2019: Launch the token sale program. Bcnex trading platfrom officially goes live. Q4/2019: Develop the initial ideas of Bcnex startup ecosystem. Above is the Bcnex development roadmap in 2019. We will always keep you up to date in the next year. Another advantage revealed by this digital token is that it supports the exchange of several types of fiat currencies, such as USD, CHF, RMB, JPY, KRX, and VND. Other types of fiat currency will continue to grow after going through a number of stages of internal platform development. Website: https://www.bcnex.net Whitepaper: https://www.bcnex.net/BCNEX_WP_ENG.html
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LVX Token is the Ultimate Game-Changer that will Completely Open the Derivatives Market!
https://preview.redd.it/kwxqpewxxsz11.png?width=1000&format=png&auto=webp&s=853089f6dbc5f104b807fb33e70820233c9baf8a The crash happened. Not once, not twice, but certainly more than thrice. It is as thrilling as it is uncertain. It is Bitcoin and Morgan Stanley said it is behaving a lot like how Nasdaq did in the dot-com bubble but 15 times faster. Investors with high-risk appetite love Bitcoin’s speculative trading patterns because it comes with juicy high-yield returns. Having said that, there are not many high-risk investors in the global investment market because the bulk of the population consists of many other types of investors who do not find Bitcoin an attractive investment for their portfolios. They label Bitcoin as “a volatile store of value” and veer away for safety. Being the first cryptocurrency to emerge from Blockchain technology, Bitcoin forged the perception of price-instability, risk and volatility. But eight years have since passed and the more recent BlockChain technologies like Ethereum emerged with multiple platforms that innovate and disrupt many industries. These platforms shift the focus away from cryptocurrencies as financial tools and move it more toward a utilitarian purpose that promises to be stable enough for everyday use, yet lucrative enough as an investment vehicle. This is huge because the demand for a stable coin or token can easily surpass the demand for volatile cryptocurrency. If a coin or token demonstrates the ability to be as stable as say the US Dollar, people would be comfortable to buy, sell or invest with it daily. When that happens, the masses would become active users of the platform, and this creates a robust, vibrant and fundamentally solid digital economy that could grow big enough to rival any given country’s GDP growth. LVX: DESIGNED FOR LONG TERM GROWTH The LVX token is a great example of a price-stable coin. It is a native token on Level01, the World’s First Brokerless Derivatives Exchange in Partnership with Thomson Reuters. The LVX token is designed to be a universal asset currency on the platform as it can be used to trade all kinds of derivatives like crypto currencies, commodities, forex and stocks; it can also be converted to Bitcoin or Ethereum, which can then be converted to any fiat currency like USD, RMB and EUD. The founders of Level01 employ smart tokenomics and platform design to drive sustainable long-term growth and efficiency. In simple layman terms, this means this digital ecosystem and its native currency are built to last forever. How is this possible? Well, are several measures in place: THE CAP The Cap is a gatekeeper to retaining token value in a healthy digital economy. It is counterproductive to have unlimited tokens because investors are not incentivized to purchase in the short term. Level01’s ICO (Initial Coin Offering) issued its native LVX tokens with the total supply capped at 1,200,000,000 (1.2 Billion) tokens. The sheer size of the issued tokens is large enough to invite global user participation, while the finite amount helps creates scarcity and incentives for people to purchase the tokens immediately. For those doubting, the derivatives market is worth 1.2 quadrillion according to Investopedia, thus our LVX token quantity is actually small and will go up and demand increases. THE VALUE AND LIQUIDITY Money is a trustworthy unit of account, and store of value with tremendous liquidity. The LVX token meets the very same criteria by virtue of being an ERC20 token on the Ethereum. These tokens enable transparent and fair settlement, because transactions are handled by smart contracts that programmatically disburse returns to trade winners. 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These measures secure LVX’s price-stability and make it a viable token or coin for investment. As more users or investors come on board Level01, the global investment market will witness the full potential of a Brokerless Derivatives Exchange.
(Reboot) ELI5 on how China fucked their own economy, chapter 6
OK Yesterday's HCFTHE was a big let down. I read on the next few chapters and I feel like there's no more point in translating anymore because the author's coherence is slipping. This is a reboot. From here on, it's all cruise speed. No translating, it's all me! (Translated) Chapter 1 (Translated) Chapter 2 (Translated) Chapter 3 (Translated) Chapter 4 (Translated) Chapter 5 Chapter 6: RMB internationalization, a dream? a future? RMB internationalization. You've heard of RMB. We all have, the legend, the curses. Some foolishness about a currency that never devalues. A closed currency. Buried beneath an opaque monetary policy... a bald, aging portrait of Mao luring investors to their dreams. An illusion that you can begin again, change your fortunes. Issuing them, though, that's not the hard part. It's internationalization. (Sorry been playing A LOT of fallout. Production is down 50% because half my office are gone and the other half...are playing with me. Seriously, fuck Chinese New year.) Except for the face culture, RMB internationalization is pretty much a national goal of China. To have their currency achieve global status will make it a rival currency for the USDollar, much like the Euros...except it's Asian. An Asian euro is crucial for China to establish its asiaphere influence zone. Having China enter IMF's basket of currencies is just a first step. Before we talk about "how", let's talk "why". Why is it important for RMB to go global. For this we will need a deep understanding of world economics, but to dumb it down to ELI5 levels, we'll simplify it down as following: World domination. Wow wow wow holy fuck upadswhat the fuck!? This escalated quickly! Sorry, but this is a fact. The British Pound, once served as the world's premier reserve currency, shaped the British Empire where the sun never. In fact, UK still hold [14 overseas territories[(https://archive.org/stream/09LONDON1039/09LONDON1039_djvu.txt), and the sun never sets on all fourteen British territories at once. Glory to the queen! OK let's double time, here's a short list of goals that RMB internationalization can help achieve:
Debt. Chinese companies have a lot of debt in USD. As of right now China don't want RMB to devalue because it would make debts harder to pay.
Getting rid of forex risk. Self explained.
Exports. With all China's debts in RMB there will be no consequence in devaluing the RMB. Will you pay $400 for a Huawei smartphone? No? How about $100? Cheaper price, it helps boosts sales volume. A lot.
Getting rid of language barrier. If you look up most common language on harmony it lists Chinese with the most number of speaker s in the world, followed by Spanish, then English. Guess what language is most common in the business world? English. Guess what language does world reserve currency countries speak? English.
Getting rid of autistic monkeys ESL teachers. Having RMB as a global currency will help China demand their business partners to start speaking Chinese, giving China home field advantage. The reason ESL teachers are needed is because China needs to do business in English. Seriously why the fuck do I need to learn English if I'm not gonna do business?
Better politics. With foreign languages kicked out of their curriculum, the Chinese population can spend more time learning useful things, such as how to worship the communist party Seriously, learning how to think politically is a mandatory subject in high school curriculum, as well as gaokao.
Now on the spot light. Everyone who are asking me to talk about silk road start reading here. Right now, China is in a tough spot with their overproduction problem. Here's a flow chart, from the start to now:
Steel industries fighting to get into the market
Too many steel suppliers leads to overproduction
One steel suppliers try to eliminate competitions by driving prices down.
Every steel supplier does the same.
Prices eventually go so low, sales price is lower than production price.
Every steel suppliers are now religions, praying their competitions will go bankrupt first so they can one day dominate the market.
CCP cracks down on religion, prayers not answered. Steel suppliers now in the negative, have to borrow money from banks.
Banking regulations stats they can only lend money to suppliers who are in business, i.e. have production and sales. Nobody can sack their workers and nobody can let their workers sit idle because it is also against the law to have idle workers.
Death spiral: Lending leads to production, production leads to loss, loss leads to lending.
China is not as stupid as you think. They know how supply and demand works. They did not foresee the death spiral because there is no precedent. In normal cases supply-demand imbalance even out naturally by supply side shutting down due to lack of profit. But this is China. Steel makers are not investing their own money in the business, they are getting their source of funds from the government are. They do not care if their factories do not turn a profit. Afterall, it's not their own business. "China is different." Damn right you are. China is the only country in the WTO whose majority of the population lacks independent thinking. The Chinese hierarchy system...it's a convenience. It tells you where to go, what to do, dulls your brain. The party wants us to make steel, I make steel, you make steel, everyone make steel! Everyone apply for a job for the steel making industry and everyone get subsidy from the government! Everyone drive down prices and everyone borrow money! Because the party says we need to make steel. To fix this death spiral, China needs a larger demand, and if they cannot create demand among themselves, they have to create demand among foreign countries...and there is no way in hell the Americans and Europeans will accept Chinese quality steel. So, turning their eye to Iran, Pakistan and other developing countries. Cue the one belt, one road protocol. Here's their pitch, dumbed down: China: Do you want GDP? Do you want groooowth? Learn from us! Build bridges! We can sell you steel at half price! Not like greedy Europeans. Really, that's it. Building infrastructure is one of the fastest way to bump your GDP, even if they end up useless later on. If China can sell their steel to those countries, they can effectively get rid of a lot of overproduction, maybe even evening out the supply-demand imbalances with the increase in demand! Two obstacles here. These developing countries have their own currency, and their other currency is in the form of foreign exchange, in USD. Foreign exchange risk still applies here. Secondly, because they are developing countries...often they don't have the money. The solution: lend them money. With RMB. Through the Asia Infrastructure Investment Bank. This is going to kill 3 birds with one stone.
Provide capital...provide a means to demand for things. The steel makers can now make a sale, easing oversupply problem finally.
Weaken USD status, strengthen RMB status. Take loan out in RMB, repay with RMB...except you don't have RMB in your reserves. You take your USD from your foreign reserves, and exchange for RMB, because with closer ties with China supplying your every needs, there is no reason to be keeping those USDollars. Although AIIB says it's going to offer USD, Euro and RMB, you bet your ass that they are going to offer some very good conditions on taking loans out in RMB...the potential of further devaluation of RMB is already very attractive, I wonder what else they can add.
Debt settlement. China can now use your USD to repay your debt (fun fact: AIIB lending terms are on a 3 year basis, so they will be collecting their USD in 2019----Guess when the majority of China's foreign debts are due? 2020. Their timing is just perfect).
Positive cycle: Initial lending leads to sales of steel, sales of steel leads to infrastructure building, infrastructure building leads to more sales of other materials, which leads to more lending...the whole cycle leads to weaker USD status in these countries and strong RMB status.
Whew! That's a lot of research! Now that we got the AIIB out of the way, one belt is partially explained but to those who don't get it, high speed rail uses a lot of steel, and is considered infrastructure. Now that we've got AIIB and one belt under the belt, the last that remains: one road. This is when I'm going into /conspiracy level shit talking and I'm sure I'll be generating a lot of downvotes, so I'll keep it skippy. Here's a list of problems are facing that can be solved with one road(sea silk road):
Economy focused along shorelines
Dependency on natural resources from hostile foreign forces.
Here's how one road will help them solve these problems:
Trade to solve overproduction, already mentioned above.
Give China an excuse to exercise more controls on the sea, such as the entire South China Sea.
This is the most important. Control of sea routes will allow China to prioritize their freight routes over other countries. While SCS is going to be free, it will be "free with Chinese characteristics". Freights from China are going to flood the SCS and take up a lot of queue space in sea routes shared with other countries, namely Brunei, India, Indonesia, Japan, Korea, Malaysia, Philippines, Taiwan, Phili, Indonesia, Taiwa, Vietnam, etc. If you have ever tried queuing with the Chinese, you know how this will end.
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Kitco free live Chinese Yuan to US Dollar currency charts and quotes The currency code for Dollars is USD, and the currency symbol is $. More US Dollar info. CNY - Chinese Yuan Renminbi. Our currency rankings show that the most popular China Yuan Renminbi exchange rate is the CNY to USD rate. The currency code for Yuan Renminbi is CNY, and the currency symbol is ¥. More Chinese Yuan Renminbi info. Live Currency Rates. Currency Rate; EUR / USD: 1.16758: GBP ... USD/CNY(USDCNY) Daily Rate Prediction Charts ... , Short-Term USDCNY Currency Pair Forex Rate Forecast for Next Days. Walletinvestor.com. Dollar to Yuan Forecast, Long-Term Forex Rate Predictions for Next Months and Year: 2020, 2021. Walletinvestor.com. Detailed Trend Components of the USD/CNY Forecast & Prognosis . Walletinvestor.com. Back to detailed USD/CNY FX forecast Get Your Exclusive 24 ... The People’s Bank of China (PBC) is responsible for regulating the Yuan, and in the Forex markets, the currency is usually represented with the code CNY, although sometimes it is also represented by RMB (Renminbi) or CNH for the offshore Yuan market. Each Yuan is made of 10 Jiao, and each Jiao consists of 120 Fen. The Chinese Yuan was established back in 1948, and the People’s Bank of ... Chinese Yuan (CNY) is the currency used in China. Chinese Yuan currency symbol: ¥ Chinese Yuan coins available: RMB 0.1, RMB 0.5, RMB 1, RMB 0.01， RMB 0.02， RMB 0.05 (1, 2, 5 分) Chinese Yuan banknotes available: RMB 0.1, RMB 0.5, RMB 1, RMB 5, RMB 10, RMB 20, RMB 50, RMB 100 Central Bank: People's Bank of China Gold Price in China (in Chinese Yuan) Consumer and business customers who receive money from abroad and agree to a standing instruction, where Forex converts the foreign currency into ZAR on their behalf, receive up to 50% back in eBucks on their transaction charges . X Imports and exports We offer import and export solutions to suit your cross-border transactional needs and help protect you from risks while expediting payments ... Wechselkurs US Dollar-Renminbi Yuan China (USD/CNY) mit Realtime-Kurs, Chart, Forwards, Forum, News & Analysen sowie Währungsrechner.
US Dollars to Chinese RMB Conversions: A 61% Rise in Forex Trading... What's It Mean For Us?
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