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1  Bitcoin / Bitcoin Discussion / Re: New China Policies on: February 10, 2014, 08:13:05 AM
...clearly, you have spent considerable time in China and and seem to have all the answers, good luck with that!
2  Bitcoin / Bitcoin Discussion / Re: New China Policies on: February 09, 2014, 03:36:52 AM
You don't have to take my word for it and this information isn't a big secret. Do a little checking and you will find related information, "Money" did an article last year on predictions to the real estate market from this flow of cash.
3  Bitcoin / Bitcoin Discussion / New China Policies on: February 09, 2014, 03:12:36 AM
China will continue to block bitcoin as well as any similar exchange system. Policy changes following the change in government party control began about 1 year ago and additional major economic regulations are set to take place in one more year following the second year of a two year grace period, that is designed to prevent large sums of money being transferred out of China. This information is first hand from a good friend high in the Shanghai bank orginization, China is serious about the economic changes. The grace period was necessary to gain support among long standing party leaders and corporate executives. The new policies will put in place very strict economic accounting controls in an effort to stop any and all government corruption. Bitcoin and similar exchange systems are in direct opposition to China's new economic policies. Part of the change we have seen in the US is the improvement in real estate values. A big factor in this change is cash in the trillions of dollars flowing from wealthy Chinese investors into what is seen as a safe investment in the US markets.
4  Economy / Speculation / Re: Bitcoin will plummet to $10 by first half of 2014 on: February 09, 2014, 02:54:40 AM
China will continue to block bitcoin as well as any similar exchange system. Policy changes following the change in government party control began about 1 year ago and additional major economic regulations are set to take place in one more year following the second year of a two year grace period, that is designed to prevent large sums of money being transferred out of China. This information is first hand from a good friend high in the Shanghai bank orginization, China is serious about the economic changes. The grace period was necessary to gain support among long standing party leaders and corporate executives. The new policies will put in place very strict economic accounting policies in an effort to stop any and all government corruption. Bitcoin and similar exchange systems are in direct opposition to China's new economic policies.
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