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Q: How will the Shanghai crash affect HK (and its future?)

Genuine question... I know very little about economics/finance.

 

Given that Shanghai was virtually created (recently) to bring in the  money & influence to the mainland over HK, by the BJ morons... and probably to wrestle HK down to the ground & pin it...

 

How will the recent crash affect things in HK - financially, and potentially, politically?

6 years 21 weeks ago in  Money & Banking - China

 
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Stock market crashes are windfalls for the ultra rich.

Hong Kong will do just fine.  About half the money in the Shanghai exchange is that of the working class invested at the urging of the BJ government even if it means borrowing to do it.

The people in the know foresaw this crash and made a killing by urging the masses to buy high...letting them snap up the deals when the uneducated public panics...classic con game perfected in the US.

It will get worse before it gets better but HK stocks will be fine as they are based less on speculation and more about hard facts....not counting of course mainland companies listed in HK which will certainly drive down the index.

I believe it's all part of the plan to steal from the working class and the continuation of the consolidation of power and wealth at the expense of the poor minions.

Chinese love to gamble...and the house always wins in the end.

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6 years 21 weeks ago
 
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It wont change anything in my opinion.

 

Stock value goes up and it goes down. Some people will make money, and some people will lose money.

 

But in a general sense, distribution of wealth will continue in the wrong direction. The rich will get richer, and the poorer will become poorer. That is the real issue as I see it.

 

 

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6 years 21 weeks ago
 
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Emperor

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Stock market crashes are windfalls for the ultra rich.

Hong Kong will do just fine.  About half the money in the Shanghai exchange is that of the working class invested at the urging of the BJ government even if it means borrowing to do it.

The people in the know foresaw this crash and made a killing by urging the masses to buy high...letting them snap up the deals when the uneducated public panics...classic con game perfected in the US.

It will get worse before it gets better but HK stocks will be fine as they are based less on speculation and more about hard facts....not counting of course mainland companies listed in HK which will certainly drive down the index.

I believe it's all part of the plan to steal from the working class and the continuation of the consolidation of power and wealth at the expense of the poor minions.

Chinese love to gamble...and the house always wins in the end.

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6 years 21 weeks ago
 
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This is a comment to thedude, but links don't work in comments. So I am posting an answer.

 

http://www.wolf-pac.com/

 

This is the solution. Get money out of politics and let Government do it's job. Governments job is to regulate the market to ensure greater good for all.

 

Income equality. That's the key. The super rich are buying politics in America. In the UK, gongs are being handed out to lackeys and party doners. In the UK, these unelected Lords, who buy their title by donating to political parties have a say on the world stage. Big money is out of control.

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6 years 21 weeks ago
 
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It is interesting, but sad, that Teddy Rosevelt would be considered too liberal by the Republican Party, as he squashed trusts (monopolies) and argued for a living wage.

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6 years 21 weeks ago
 
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