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They do say mimicry is the highest from of flattery...
That's why you're holding BTC instead of RMB. Everyone is a capitalist when its their own livehood at stake, and a socialist when they want to control other people.
Am a business owner and capitalist from way back but also understand the importance of government that provides the right framework, property laws, strategic planning, infrastructure and security for a strong economy. In the west the bankers have owned our governments for too long- that is why BTC is important. Most people are sheep and want to be living inside a safe and well fenced area, safe from the wolves who prowl upon those who do not have good government protection.
In the west the bankers have owned our governments for too long
This is such a vague grievance. The issue is that the government prints money. That's it. Whatever they do afterwards with the money they print/steal is illegitimate because it's sourced from a scam. Do you think RMB isn't a scam? Everything premined, or infinitely minable by a single entity, is a scam. That's just basic tokenomics.
government that provides the right framework, property laws, strategic planning, infrastructure and security for a strong economy
If a government can be so smart and considerate then why has no government ever put a cap on the money supply? Why did the market have to invent its own currency to maintain economic stability?
The problem is that you do not understand how modern fiat money operates. The vast majority (over 90%) of 'money' in circulation today is that issued by private banks- that issued whenever they issue fiat debt funding. Study fractional reserve banking until you understand how this works. Study modern banking and how private banks have come to dominate the issuance of money via bank deposits (IOUs for physical money) created whenever they issue debt. This is how the vast majority of money in circulation is created now- not by governments but by private banks. Understand this and then you might understand why and how the bankers have come to own our governments. The governments of the west are not smart- they are owned by private bankers who direct our governments. In contrast the Chinese government directs private banks and capital allocation and in this can and does operate its fiat system with the sufficient diligence and direction of fiat debt capital toward productive purposes to deliver a strong and growing economy. Bankers and their owned politicians in the west have immersed the west in a false narrative and you cliffbadger are drowning in their filthy lies that obfuscate their usury and rentseeking. Until you make sufficient study and realise it is the bankers who own your government I cannot help you further. All the best with your studies.
This is how the vast majority of money in circulation is created now- not by governments but by private banks.
Bullshit. The banks can only issue infinite loans when the government exists to bail them out. Otherwise they would end up like FTX and the problem wouldn't snowball for decades into a nationwide crisis.
In contrast the Chinese government directs private banks and capital allocation and in this can and does operate its fiat system with the sufficient diligence and direction of fiat debt capital toward productive purposes to deliver a strong and growing economy.
Whether the bank issues the loan and the government bails them out later, or the bank's decisions are controlled by the government directly, it's still fiat. It's still the government shilling a scam token that is only useful for converting to something else before it collapses to zero.
You're still describing a system where capital is deceptively and forcibly transferred from civilians to the government. Why would you expect Mao and his cultists to know anything about building roads?
You don't understand how modern fiat monetary system operates. Nearly all money is issued by the private banks- not the government. And its the private banks collecting the rent on the money they issue out of thin air. And in the west the government than does provide the legal power to operate monetary issuance does not limit or direct the banks anymore in how or where the banks direct that new capital- and so in the west most of this debt is directed toward non productive speculative purposes- with no resultant increase in the overall wealth of the nation despite the debasement that is caused. In the past western governments insisted that this capital only go toward purposes which were likely to increase the net wealth of the nation- productive purposes- but since the neoliberal voodoo economics took over that requirement has been removed and we have full flight crony capitalism and the decline of western civilisation as a result.
Nearly all money is issued by the private banks- not the government.
Wells Fargo loans me one dollar. I don't pay it back, so Wells Fargo asks the government for a dollar instead. Now Wells Fargo is solvent, so they issue new loans, which also don't get paid back, so the government bails them out again. You think Wells Fargo is the problem here?
Sounds like sour grapes from a sad and crippled crony capitalist military industrial complex that has no rare earths supply and no plan to regain its hegemony except to copy Chinas highly successful State Capitalism Mixed Model Economy. They do say mimicry is the highest from of flattery...