Now Xi Declares Cryptocurrencies Illegal - Things Getting Scary-Weird in China

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SevenOverSix

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Sep 24, 2021, 8:46:27 PMSep 24
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https://www.dw.com/en/china-central-bank-declares-all-cryptocurrency-transactions-illegal/a-59295079

China: Central bank declares all cryptocurrency transactions 'illegal'

The People's Bank of China moved to bar all cryptocurrency transactions
Friday. Overseas exchanges providing cryptocurrency services to mainland
China will be considered illegal.

- - - - - -

Wow - Xi has gone REALLY paranoid now. He wants TOTAL control
and knowledge of EVERY little transaction at home or elsewhere.
I suspect he thinks he has, likely DOES now, enemy traitors
everywhere plotting against him and he neo-com 'utopia'.

Actually, the US govt is plotting to track all but the most
petty transactions by abusing the IRS. More than $600 in or
out of the bank and the IRS gets informed. They SAY it's
to catch tax cheats ... but .....

As for Xi, in a mere few months he's made serious progress
in demolishing the fiscal - and thus social - foundations
of modern China. For workers and businessfolk there is now
no path 'up' - 'up' makes you a SUSPICIOUS PERSON and the
PRC has a VERY bad record in that respect.

Some say Xi is just clearing the ranks, crushing possible
dissenters and those capable of dissent, in preparation
for WAR. Somehow though, this sounds more like some
psychological issue of HIS - paranoia mixed with a godlike
New Savior Mao-2021 complex. This sort of stuff has been
going on for several years now, it's just getting worse.

China DID have it pretty good, on track to become the
#1 economy and influence in the world, but that's all
swirling down the drain now. MIGHT be time to look into
a replacement before it's the 1950s and Red Guard terror
all over again ......

Duke

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Sep 25, 2021, 6:26:26 PMSep 25
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Perhaps Xi sees that Bitcoin uses more fossil fuel energy to support its
own existence than the entire nation of France and adds greatly to
climate change and the carbon footprint, so he's banning it as a signal
to Greta that China takes its responsibility to reduce carbon emissions
seriously. Xi also may view crypto currency as a Bernie Madoff scheme
to steal the wealth of other wealthy people. Hardly the stuff of
"paranoia".

>
> China DID have it pretty good, on track to become the
> #1 economy and influence in the world, but that's all
> swirling down the drain now. MIGHT be time to look into
> a replacement before it's the 1950s and Red Guard terror
> all over again ......
>


--
"Title 8, U.S.C. § 1324(a) defines several distinct offenses related to
aliens. Subsection 1324(a)(1)(i)-(v) prohibits alien smuggling, domestic
transportation of unauthorized aliens, concealing or harboring
unauthorized aliens, encouraging or inducing unauthorized aliens to
enter the United States, and engaging in a conspiracy or aiding and
abetting any of the preceding acts. Subsection 1324(a)(2) prohibits
bringing or attempting to bring unauthorized aliens to the United States
in any manner whatsoever, even at a designated port of entry. Subsection
1324(a)(3)."

Build Back Better means Destroy More Quickly.

"We have put together, I think, the most extensive and inclusive voter
fraud organization in the history of American politics." -Joe Biden

https://www.globalgulag.us

https://www.globalgulag.us/globalgulag/index.html

SevenOverSix

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Sep 25, 2021, 10:38:51 PMSep 25
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HAHAHAHAHAHAHAHA !!! See my OTHER post about the massive,
and rapidly-escalating, numbers of coal power plants there.

Mighty Wannabe

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Sep 25, 2021, 11:01:32 PMSep 25
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Duke wrote on 9/25/2021 6:26 PM:
> Xi also may view crypto currency as a Bernie Madoff scheme to steal
> the wealth of other wealthy people. Hardly the stuff of "paranoia".

Cryptocurrency is backed by absolutely nothing. Bitcoin is just one of
the 6,500 cryptocurrencies out there.

The 10 Most Important Cryptocurrencies Other Than Bitcoin:

https://www.investopedia.com/tech/most-important-cryptocurrencies-other-than-bitcoin/




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