RE: POG8 Oct 2024 13:02
Afternoon all!
Chinese companies, and individuals have an obligation to do what is deemed to be the best for the state, ahead of any corporate or individual interests. They have a huge global intelligence and data harvesting operation that can be turned against countries, companies or individuals. The West was not even able to conceive the shear scale of it until recently.
They have adopted CBDC (Central Bank Digital Currency) to help them keep tabs digitally on how much money is being spent and what it is being spent on. There have even been reports of people’s digital money being blocked should they try to buy something the state sees as undesirable, so not allowed to make the purchase.
They operate on a completely different level to the Western World, almost a hive mentality.
If the state says we’re having your gold, they will have it one way or another.
In terms of whether China tells the truth about things…of course they don’t! Do we? But they think on a 50-100 year timescales, or the very long game, whereby we are strapped to 4-5 year election cycles, chopping a changing like headless chickens.
They are intelligent and calculating, and so far have played us like a fiddle for the last few decades as far as I can see.
China/Chinese banks are also the worlds largest creditor, taking over from the World Bank some time ago…
So….we need to pull our socks up and collective grow a set of kahunas, sharpish!