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Hong Kong sticking two fingers up to the US

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Sun Wukong
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Joined: 02 Nov 2014
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PostPosted: 15:51 - 01 Aug 2016    Post subject: Hong Kong sticking two fingers up to the US Reply with quote

Here we go, now the UK is an economic timebomb blatantly enough for people to see... fancy sticking some money over there to hedge your bets?

It’s about to become much easier to open a bank account in Hong Kong
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Sun Wukong
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PostPosted: 05:43 - 02 Aug 2016    Post subject: Reply with quote

Suit yourselves.

Paltry though my finances are, I'm better off thanks to him. I saw negative interest rates coming in 6 months ago while no one else seemed to.

And I already had bank accounts in multiple countries, through living in them.

People feel they are stuck in the massively over-leveraged kleptocracy earning half a % interest on savings.

I've never paid a penny to him, and don't intend to. He owns far more than just that organisation. Yes, there is a revenue stream from charging as a consultant, that's business. Once every 6 months he tries to generate extra sales, but normally it is pretty ignored.
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"Hard times lead to hard people. Hard people lead to good times. Good times lead to weak people. Weak people lead to hard times." Smegballs
"Oh and STE balloons would be one of the nicer things we would receive at the office, the amount of dog turd in jiffy bags is not funny." Jsmith86
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janner_10
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PostPosted: 20:39 - 02 Aug 2016    Post subject: Reply with quote

https://i3.kym-cdn.com/entries/icons/original/000/000/045/n725075089_288918_2774.jpg
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Im-a-Ridah
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Joined: 20 Oct 2006
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PostPosted: 22:30 - 02 Aug 2016    Post subject: Reply with quote

Freeman on the land (FMOTL) eh? Laughing

Laws only apply by the consent of the governened....

He's going to be pretty disappointed when he finds out that the governed give their consent through the Parliament they vote for Wink Even more upset when he realises that "the governed" is the body of citizens, not individual citizens at the time of the offence Laughing

https://publicinterest.org.uk/wp-content/uploads/2012/05/Parliament.jpg

https://coloradopeakpolitics.com/wp-content/uploads/2015/08/doh.gif
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Jewlio Rides Again LLB
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PostPosted: 22:58 - 02 Aug 2016    Post subject: Reply with quote

Freementalist strikes again.
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Sun Wukong
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PostPosted: 06:30 - 03 Aug 2016    Post subject: Reply with quote

Interestingly, I had not spotted the "Free man on the land" part of his routine.

He is based in Chile predominantly, but originally American.

I quite enjoy the videos of Sovereign Citizens getting owned.

It doesn't stop him from being aware of interesting developments in world finance.

And a company making it simpler to open bank accounts from overseas in a country far less bankrupt than our own is no small thing.

But hell, I went on Youtube to link the Free men getting owned.

I found this instead. It makes me very happy. So please, enjoy.

CNC Magic cuttingsatisfaction winnikins
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"Hard times lead to hard people. Hard people lead to good times. Good times lead to weak people. Weak people lead to hard times." Smegballs
"Oh and STE balloons would be one of the nicer things we would receive at the office, the amount of dog turd in jiffy bags is not funny." Jsmith86
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Kawasaki Jimbo
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Joined: 09 Oct 2015
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PostPosted: 09:25 - 03 Aug 2016    Post subject: Reply with quote

Rated "informative" because whilst I'll be keeping my thrupence ha'penny with Barclays I found the stuff * about the USA's banking tactics interesting. I don't understand the negative karma.

(* Let's say "opinion" since you shouldn't believe all you read, especially when it comes to economics. Still, tough crowd.)
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Sun Wukong
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PostPosted: 06:06 - 04 Aug 2016    Post subject: Reply with quote

Wow, Roger, you Spam rated me.

Spammed.

Spam, roger?

And yet Socket still gets to keep his kneecaps. This is an outrage. You very nearly made it on to my Christmas card list with your intolerably sensible logic on so many things, leaving aside the Enoch Powell side to your skirt... But this. Spam, good sir?

Jimbo, they are upset because someone managed to insti-discredit him by him being a freeman/sovereign citizen, which is the equivalent of dividing by zero according to the net sceptics.

Meh, keep your money in Britain Thumbs Up Everything is fine, there are no capital controls in effect in Europe already, and our government has proven itself time and again to have your best interests at heart.
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"Hard times lead to hard people. Hard people lead to good times. Good times lead to weak people. Weak people lead to hard times." Smegballs
"Oh and STE balloons would be one of the nicer things we would receive at the office, the amount of dog turd in jiffy bags is not funny." Jsmith86
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Itchy
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Joined: 07 Apr 2005
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PostPosted: 06:42 - 04 Aug 2016    Post subject: Reply with quote

Quote:


And a company making it simpler to open bank accounts from overseas in a country far less bankrupt than our own is no small thing.


How is it hard to open a bank account in HK as a non Hong Kong citizen? You can open a zero interest deposit account in Hong Kong with a passport. There are various clauses though that the account needs activity every 12 months or it gets frozen and after 24 months it gets seized.

Unless it involves very large amounts of money and or you're unwilling to write disclose the source of the money that is.

Joshua Wong tried to open a political party bank account with 30 or so million.

He tried to say the PRC are denying me the ability to fund my political party! They're leaning on HSBC! He simply refused to disclose where he got the money from and therefore failed several international money laundering test immediately. People then pointed at him and laughed.
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Itchy
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PostPosted: 09:04 - 04 Aug 2016    Post subject: Reply with quote

mpd72 wrote:
Blinkered or what?


It's not that. It's just that HKD are proxy US dollars. Therefore people who think ah I can get out of US dollars by buying proxy USD... well it's kinda silly.


One advantage is that Hong Kong still uses fractional reserve banking and therefore has enormous foreign currency and gold reserves.

Unlike the BoE which openly admits it creates money from nothing:

Citation:

https://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q1prereleasemoneycreation.pdf
Quote:

In the modern economy, most money takes the form of bank deposits. But how those bank deposits are created is often
misunderstood: the principal way is through commercial banks making loans.
Whenever a bank makes a loan, it
simultaneously creates a matching deposit in the
borrower’s bank account, thereby creating new money.


Plus mortgage? You need a 40% deposit at the very least none of this HTB HTB 125% loan nonsense.
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Sun Wukong
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PostPosted: 10:08 - 04 Aug 2016    Post subject: Reply with quote

mpd72 wrote:

I think I'll keep my money here, if that's OK with you and your get rich quick free man mentor.


Yes, and Brexit helped us.

How about Ron Paul, is he a whack job? Hong Kong has the soundest money on the planet, and the most reliable precious metal trade.

Growth in economy and their soundness are very different.
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"Hard times lead to hard people. Hard people lead to good times. Good times lead to weak people. Weak people lead to hard times." Smegballs
"Oh and STE balloons would be one of the nicer things we would receive at the office, the amount of dog turd in jiffy bags is not funny." Jsmith86
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