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Chinese grad students max out their credit cards and flee the USknowyourmeme.com/memes/i-maxed-out-one-million-on-my-credit-cards-and-fled-the-usa
588 sats \ 9 comments \ @standardcrypto 14 Jul bitcoin
"I maxed out one million on my credit cards and fled the USA…
Fellow netizens, I'm graduating from university and about to leave. Before returning to China, I maxed out my credit cards from various banks (personal and business cards totaling $140,000. Equivalent to 1,000,000 CN¥!!!)
A big thank you to Chase, Citibank, and American Express for supporting me over the past three years. as Although your banking services are excellent, I always remember that I am Chinese and my mission is to revive China!
Let me use this first pot of gold in my life to contribute to my motherland! This is also a strong blow to American imperialism!!! A final lesson for American capitalists!!!"
I wonder what they bought with all that credit 🤔
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22 sats \ 0 replies \ @BlokchainB 14 Jul
Ahaha jokes on him! That credit was printed out of thin air! Those companies will just write down the losses and move forward.
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10 sats \ 0 replies \ @fiatbad 14 Jul
I have thought about this doing exact same thing and fleeing into Bitcoin.
  1. Make sure I have no assets which can be seized. Home is in S.O's name, and I'll just sell my car.
  2. Max the cards, buy Bitcoin, move it to cold-storage
  3. File bankruptcy
  4. Stick it to the man. Fiat is evil and should be attacked in every way possible.
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0 sats \ 0 replies \ @denlillaapan 14 Jul
HAHAHA lol, beautiful.
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0 sats \ 0 replies \ @SwapMarket 22h
When I was a foreign student in the US, my first ever credit card was Discover. I and my wife applied online. Due to some glitch in their systems, they started sending us two new cards EVERY DAY. I don't remember now, but I think the numbers were all the same. They only fixed the glitch in two weeks and cancelled all the cards. With scotch tape I built a large house of cards on my desk. Still funny.
Oh, and when I built a good credit history and had many cards, I maxed balance during interest free period and invested in US savings bonds for a year. )
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0 sats \ 0 replies \ @rootmachine 22h
This will play bad for him I suppose. Making this sort of moves can't be consequence-free. US and China have an economical treaty and I am pretty sure this part (aka debt) is also included. But before checking the economical thing, is this for real or just trolling?
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0 sats \ 0 replies \ @nichro 23h
Do credit cards in the US do 140k$ in cash advance?
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0 sats \ 0 replies \ @fd055dcc2f 14 Jul
not true and if it were, it's still stupid
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0 sats \ 0 replies \ @Cje95 14 Jul
Okay I mean… that's pretty freaking smart…. I mean China isn't going to turn its people over so 😅
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0 sats \ 0 replies \ @Macoy31 14 Jul outlawed
stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.