World News
A community for discussing events around the World
Rules:
-
Rule 1: posts have the following requirements:
- Post news articles only
- Video links are NOT articles and will be removed.
- Title must match the article headline
- Not United States Internal News
- Recent (Past 30 Days)
- Screenshots/links to other social media sites (Twitter/X/Facebook/Youtube/reddit, etc.) are explicitly forbidden, as are link shorteners.
-
Rule 2: Do not copy the entire article into your post. The key points in 1-2 paragraphs is allowed (even encouraged!), but large segments of articles posted in the body will result in the post being removed. If you have to stop and think "Is this fair use?", it probably isn't. Archive links, especially the ones created on link submission, are absolutely allowed but those that avoid paywalls are not.
-
Rule 3: Opinions articles, or Articles based on misinformation/propaganda may be removed. Sources that have a Low or Very Low factual reporting rating or MBFC Credibility Rating may be removed.
-
Rule 4: Posts or comments that are homophobic, transphobic, racist, sexist, anti-religious, or ableist will be removed. “Ironic” prejudice is just prejudiced.
-
Posts and comments must abide by the lemmy.world terms of service UPDATED AS OF 10/19
-
Rule 5: Keep it civil. It's OK to say the subject of an article is behaving like a (pejorative, pejorative). It's NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
-
Rule 6: Memes, spam, other low effort posting, reposts, misinformation, advocating violence, off-topic, trolling, offensive, regarding the moderators or meta in content may be removed at any time.
-
Rule 7: We didn't USED to need a rule about how many posts one could make in a day, then someone posted NINETEEN articles in a single day. Not comments, FULL ARTICLES. If you're posting more than say, 10 or so, consider going outside and touching grass. We reserve the right to limit over-posting so a single user does not dominate the front page.
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
Lemmy World Partners
News !news@lemmy.world
Politics !politics@lemmy.world
World Politics !globalpolitics@lemmy.world
Recommendations
For Firefox users, there is media bias / propaganda / fact check plugin.
https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/
- Consider including the article’s mediabiasfactcheck.com/ link
view the rest of the comments
Meanwhile I know people in China who are very desperate to get their hands on USD, CAD, EUR, GBP etc.
Anedoctal evidence I know but I have a friend who has strained relations with his relatives in China because he refused to launder if you would call it that money. I think each person has a limit on the amount of money transferred.
I mean these people have never left China, why the hell do they need USD. Make what you wish but until the yuan becomes attractive to their own people other currencies are of no threat.
Because there are limits to how much money you can take out of China, and whenever there's a limit there's people trying to circumvent them? It's not rocket science.
Yes but that doesn't explain why they would need USD. For example I've only exchanged USD once and that was because I was going to a country where it was the legal tender.
I didn't exchange my life savings for it, 50,000 a year limit is high for someone who hasn't left China. I haven't even exchanged 10,000 in my lifetime let alone 50,000. I just keep it in AUD, USD is useless here.
So it points to me that they don't trust their currency which is what I'm getting at. A currency needs to be trusted by the countries people itself before it can be a threat to any of the established currencies.
Purchase of foreign property, usually.
Again not sure what foreign property would do for them when they haven't left China and have no plans to do so. They're almost at retirement age so if they haven't made any plans...
So the other half of this story was they went around to all their relatives who are based overseas and got them to "store" converted currency in GBP, USD, CAD etc. If it was me I would be converting to the place I'm interested in residing not just anything I can get my hands on.
The other relatives weren't smart enough or was too under pressure to say no. Also someone storing currency in your name rather than their own even as a relative causes tax issues at the very minimum and other issues if the money has come from a non legitimate means (I'm not inferring this is what happened just saying the worst case scenario on why you shouldn't deposit money from someone else)
It's almost always investment/for children's education/etc.