Post
Topic
Board Bitcoin Discussion
Re: Say something about China and Chinese btc ban.
by
Elwar
on 30/04/2014, 12:46:56 UTC
BTC in China's situation showed that  how terrible people lived in that places which have no human right is.   - yep
have a limited freedom on property rights. but no any political right.  - yep
you find that there is no law to protect your property.  - militia has to protect property in the US
For example, people can NOT OWN LAND in China - yep
and your pay is the rent. And, if it is necessary - yep, we call the rent "property taxes"
gov can get the land back for "public reasons"at any time.  - yep, eminent domain

And the "Chinese yuan" is also a joke. - so is the "US dollar"
How much CNY is new issued every year is decided by the committee of communist party(NOT CENTRAL BANK), and the "Monetary Policy” is also made by communist committee.  They got a average 2-digit M2 growth rate every year, like now, 2014 is about 13%, and the number is about, which have not precise numbers. - Communist Committee...Federal Reserve...Q-infinity...yep

Preaching to the choir my friend.