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mco543

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I’m having the best thrifting week (or so) I’ve had in a very long time. Today yielded a pair of Ferragamo Tramezza (pop) loafers and I went to a Goodwill I hate on a lark and found two pair of crocodile brogued captoes, brown and black, by Brass Boot.

The Trams are 10 and the two Crocs are 8.5. All three are beautiful but the Trams are simply incredible, I’ve never seen wholecut tassel loafers before.

D3E242D2-B4FB-4176-BDC2-BF741836D240.jpeg

ED6643BB-CC59-4E9E-9FB4-B302B061779E.jpeg

AAE2B9CE-81EE-4BD2-811A-9137879D9C9B.jpeg
 

Pyrrhomaniac

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This might be a little off-topic, but I've been doing some research on this since the HK protests have been so drawn out, gotten so out of hand with no intervention. I'm aware China is a global super-power, but even then when shit hits the fan this hard, there is usually SOME talk from the international community on ways to incentivize a return to civility. The silence is deafening.

So here's the gist, over the last 20 years, China has been engaged in deficit trading with a lot of countries, and instead of calling in the debt to be repaid, they have been trading the debt for various holdings in those countries with backdoor contracts that allow for additional acquisition, things like shipping ports, land zoned for Chinese national residential and factory activity (when Trump placed tariffs on China, we just started getting the same Chinese products "made in Vietnam" which is just a Chinese factory located outside of their country). @California Dreamer can jump in and talk about how many Australian politicians have been forced out of office in his country due to taking Chinese bribes, but there's strong evidence that both sides were taking bribes and the Chinese were leaking the information to heavily influence/manipulate Australian politics, and are now building a quite large portfolio of Australia holdings with a large percentage of Australia exports going to China. The overwhelming majority of Africa lumber exports go to China. They are building military ports to control the Pacific. And yet, in the backdrop of this massive economic and political expansion, their currency remains relatively static. Since this is a group about buying low and selling high, and mind you there's no reason to think this is a short play, but the Chinese Yuan has almost nothing but upside potential.

Again, sorry if this is so off-topic, and if anyone wants to chime in and tell me why I'm wrong, feel free.
 

double00

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so the argument for the yuan seems to be that the chinese communist party has had success leveraging a sort of empire of debt to facilitate direct investments in material infrastructure abroad. ok.

at the end of the day it is ultimately an investment in communist party leadership.
 

Pyrrhomaniac

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so the argument for the yuan seems to be that the chinese communist party has had success leveraging a sort of empire of debt to facilitate direct investments in material infrastructure abroad. ok.

at the end of the day it is ultimately an investment in communist party leadership.
That's the calm reasoned counter balance I needed. Thanks!
 

thebuddahman

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Managed to get around to photographing some more recent finds...Alan Paine Duffle is a pop for me.
 

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ORLThrifter

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This might be a little off-topic, but I've been doing some research on this since the HK protests have been so drawn out, gotten so out of hand with no intervention. I'm aware China is a global super-power, but even then when shit hits the fan this hard, there is usually SOME talk from the international community on ways to incentivize a return to civility. The silence is deafening.

So here's the gist, over the last 20 years, China has been engaged in deficit trading with a lot of countries, and instead of calling in the debt to be repaid, they have been trading the debt for various holdings in those countries with backdoor contracts that allow for additional acquisition, things like shipping ports, land zoned for Chinese national residential and factory activity (when Trump placed tariffs on China, we just started getting the same Chinese products "made in Vietnam" which is just a Chinese factory located outside of their country). @California Dreamer can jump in and talk about how many Australian politicians have been forced out of office in his country due to taking Chinese bribes, but there's strong evidence that both sides were taking bribes and the Chinese were leaking the information to heavily influence/manipulate Australian politics, and are now building a quite large portfolio of Australia holdings with a large percentage of Australia exports going to China. The overwhelming majority of Africa lumber exports go to China. They are building military ports to control the Pacific. And yet, in the backdrop of this massive economic and political expansion, their currency remains relatively static. Since this is a group about buying low and selling high, and mind you there's no reason to think this is a short play, but the Chinese Yuan has almost nothing but upside potential.

Again, sorry if this is so off-topic, and if anyone wants to chime in and tell me why I'm wrong, feel free.
My uncle used to love to retort with, "Well, but what's that got to do with the price of tea in China?"

Apparently, Uncle Ray, a lot, actually.
 

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