Personal income tax in China is just 1.1% of government revenue, with zero wealth or capital gains tax. So which are the ‘socialist’ countries?

Pierre Rochard Here, reasoning at the margin. Even if it were chocolate it would be worth more than BTC Here we go. HSBC has created tokens backed by a portion of a Gold bar. So tokens that are backed by a some of the Gold bar. #bitcoiners would argue "how do you know if the Gold is there,

Banks could not benefit from pump accounting (fair value with mark to model) under Basel III after 2010, but PE could do that because they are not subject to Basel III (they are not banks)... That's why there is probably a mountain of bad loans there.

LBMA Blow up on #Silver? RINSE / REPEAT Mises, citing Thiers on the broke French revolutionary gov trying to manipulate the currency vs Commodities (Silver) Plus ça change... x.com/SamanthaLaDuc/…

Especially when you have them. /sarc