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Quinn68

Posts: 273

Governor

Q: Will Buffet be able to finish his lunch?

https://shanghai.ist/2019/06/04/28-year-old-chinese-crypto-entrepreneur-...

I hope Warren is able to get through this little dummies head that cryptocurrency is a joke, but I've had this conversation with Chinese bitcoin investor's before - they don't listen to reason. They think they can make fast money and a lot of it. When TSHTF soon, these fake people investing in fake money will be in a world of hurt.

2 years 1 week ago in Money & Banking - China

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Stiggs

Posts: 4776

Emperor

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"They think they can make fast money and a lot of it."

Just think how many more will be reading about this guy dropping 4.5 million to have lunch with some bigshot investor and thinking "Wow, he has sooo much money and face,I want to be able to do that too, think I'll sell the family farm and borrow as much as I can from the extended family and buy some Tronix. This time next year I'll be rich like him. "

Meanwhile, the guy that owns the company is probably converting as much as he can into cash or gold or whatever and working on a Canadian passport for when the shit hits the fan and he has to GTFO before the lynch mob gets him. Or if he isn't, he should be.

ambivalentmace:

https://www.youtube.com/watch?v=1jdIshuoRBQ

Maybe some one should have listened to this interview in 2010 instead of Warren Buffet.

2 years 1 week ago

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ambivalentmace:

https://www.youtube.com/watch?v=JL0igkxhZaE&t=27s

june 2014, same thing, different year. china is laughing at the US

2 years 1 week ago

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ambivalentmace:

https://www.youtube.com/watch?v=5wj_mVC9RYg

2013, still nobody is listening

2 years 1 week ago

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Stiggs:

I have no idea what Warren Buffet said in 2010 so don't know what your point is here but ... lol.

I watched the first vid,couldn't be bothered sitting through all 15 minutes of the 2nd video and didn't bother with the 3rd.

The first vid was Donald complaining about how China takes all the US manufactoring away from the US then loan the US money.

Well the US sent their factories to China to exploit their cheap labour. Places like Walmart buy their cheap shit from China because their customers want to buy cheap shit and I'm sure they're doing well out of it, and nobody is forcing the US to borrow money from China.

Trump says China thinks thinks the US representatives are stupid. From what I saw in that video they're right. The president seems to be blaming China because China sells the US the cheap products their businesses rely on and then loan the US money when they spend too much and get in debt. I wonder how much more he'd complain if China closed the US factories in China, stopped selling Walmart etc cheap stuff and stopped loaning the US money. And the best part of this is... the Trump family have their cheap shit made in China too :))

2 years 1 week ago

I have no idea what Warren Buffet said in 2010 so don\'t know what your point is here but ... lol. I watched the first vid,couldn\'t be bothered sitting through all 15 minutes of the 2nd video and didn\'t bother with the 3rd. The first vid was Donald complaining about how China takes all the US manufactoring away from the US then loan the US money. Well the US sent their factories to China to exploit their cheap labour. Places like Walmart buy their cheap shit from China because their customers want to buy cheap shit and I\'m sure they\'re doing well out of it, and nobody is forcing the US to borrow money from China. Trump says China thinks thinks the US representatives are stupid. From what I saw in that video they\'re right. The president seems to be blaming China because China sells the US the cheap products their businesses rely on and then loan the US money when they spend too much and get in debt. I wonder how much more he\'d complain if China closed the US factories in China, stopped selling Walmart etc cheap stuff and stopped loaning the US money.

And the best part of this is... the Trump family have their cheap shit made in China too :))

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ambivalentmace:

I was making fun of the Chinese guy listening Buffet, when no Chinese people were listening to Trump complain about business practices in China for years before he got pissed off enough to run for office and get even.

Buffet does not understand technology and just recently broke down and bought some apple stock which of course fell thereafter.

Trump does not care about anything but Trump, this trade war is getting even and he said this stuff a decade ago and people are still saying why is he doing this, is he crazy? Nobody was listening, pissing off billionaires is a bad idea.

2 years 1 week ago

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Stiggs:

Ah, yeah I understand your point now and I agree.

Thing is, I doubt anyone in China gave a shit about Trump or bothered following him until after he was elected and getting in the Chinese news. Hell, they probably couldn't follow him without a VPN and only the most forward politicians and business people would have been doing that.

Same with Buffet. I doubt many people in China know much about him other than that he is rich and famous. And that's all they need to know. He has lots of face and if people see you having lunch with him then you're the man and people will happily buy what you're selling .

2 years 1 week ago

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2 years 1 week ago

james18666

Posts: 6

Minor Official

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Justin Sun is an idiot.

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2 years 4 days ago

Quinn68

Posts: 273

Governor

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Buffet is saved (at least temporarily) from having lunch with this crypto loving idiot. I do give the Chinese government some credit for cracking down on these online exchanges which are clearly laundering the dirty money of the ultra rich Chinese to overseas accounts. I wish the US would step up its efforts to go after these cockroaches.

https://www.cnbc.com/2019/07/25/normally-sedate-charity-lunch-with-warre...

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1 year 46 weeks ago

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