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macabrett ,
@macabrett@hexbear.net avatar

it’s the year of the linux desktop chinese collapse

Tankiedesantski ,

Ahh yes, China is going to collapse with its measly 5.2% growth despite global economic malaise.

ShimmeringKoi ,
@ShimmeringKoi@hexbear.net avatar

Lucy-football-dotjpeg

zephyreks ,

China bet hard on developing countries because the developed world isn’t growing at a rate that can keep up with China’s economic growth targets. In fact, we’re very quickly running towards the crossover point for Chinese trade dependence on the West vs. on the rest of the world.

Also, a big chunk of Chinese exports to the West is in computers and consumer electronics… Markets which have seen a huge slowdown due to commoditization and aggressive political lobbying from the US.

GaveUp ,

You hit the target exactly on the spot, I hope you’re already diversified in crypto in preparation

zackwithak ,

Spamming the entire comment section with this. But maybe, diversify back into some fiat

CascadeOfLight ,

Whoa no way, for real this time?!https://hexbear.net/pictrs/image/46eca090-1af3-4e1c-9a6a-19d8d5e5148f.pnghttps://hexbear.net/pictrs/image/2d492af4-f6cf-48cb-8966-f7276a424840.png

HellAwaits ,

China’s economic crisis has the world in a panic? Well, at least they’re diversifying their export portfolio by shipping out anxiety and uncertainty in bulk!

Antiwork ,

Xi is shitting his pants right now

EnderWi99in ,

No, but it's going to take a pretty good ding to eat that Evergrande turd.

GaveUp ,

I’ve already converted all my fiat currency to various crypto including a modest sizing of Monero so I can anonymously transfer my money when China takes over our financial systems

I implore everybody else to do the same. The writing has been on the wall for decades

AngrilyEatingMuffins ,

i bet if you stopped writing on them with crayons eventually it'd go away

EnderWi99in ,

How exactly is China going to take over our financial systems?

zackwithak ,

Yeah I think I missed a step there

Pons_Aelius ,

I implore everybody else to do the same.

Because if I run out of idiots and suckers to off load this worthless shit to I will lose big time.

Akasazh ,
@Akasazh@feddit.nl avatar

Ok why don’t you go to China right now?

SexMachineStalin ,
@SexMachineStalin@hexbear.net avatar

Cant afford plane tix rn. But youre more than welcome to wire me the 1000€ to fly to Beijing <3

Akasazh ,
@Akasazh@feddit.nl avatar

Just start saving, you won’t need money anymore if you reach your Utopic destination.

SexMachineStalin ,
@SexMachineStalin@hexbear.net avatar

k i guess ill go :mao-clap: my landlord, brb

GaveUp ,

I’m HODL’ing atm

HobbitFoot ,

No, but the country is going to go through a lot of economic pain.

boredtortoise ,

Capitalism is China’s economy. They’ll collapse together when they do

GaveUp ,

Convert your fiat to crypto and prepare to transfer wealth across borders with Monero

When China falls they’ll take us all down with them together

Pons_Aelius ,

Any chance you will heed your username and GiveUp posting this horseshit?

Crypto is so 2020 bro.

You should be telling us to invest in your AI startup...

culpritus ,
@culpritus@hexbear.net avatar

“Any headline that ends in a question mark can be answered by the word no.”

en.wikipedia.org/…/Betteridge's_law_of_headlines

3rd paragraph:

While the mood is gloomy, experts agree that the bursting of a '08 Lehman Brothers-style speculative bubble is unlikely.

wrath-sedan ,
@wrath-sedan@kbin.social avatar

Thanks for digging up the important line. So annoying to have sensationalist headlines like this that bury the lede and completely disprove their own thesis several paragraphs down, but I mean as long as it gets that initial click…

PunnyName ,

Sensationalist title with a question mark at the end of it?

The answer is almost always “no”.

HellAwaits ,

PunnyName a good and amazing username?

PunnyName ,

¯_(ツ)_/¯

MidwayTheMagnificent ,

Betteridge’s Law of Headlines - I find it has near universal applicability.

exploding_whale ,

Doubly so for any headline predicting a financial crisis of any sort.

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