No, US Banks Are Not Terrified of Chinese Payment Apps - #PropagandaWatch

[pkuser2k12]

No, US Banks Are Not Terrified of Chinese Payment Apps #PropagandaWatch


corbettreport

Published on Jun 5, 2019

 

[sixth]

A piece information out there,
A good man interpret it in a good way,
A bad man interpret it in a bad way,

most Chinese see almost all of the bloomberg news are propaganda against china and chinese.
the man in this video see the bloomberg video is a piece of propaganda that praise chinese cashless system as an utopia, but indeed cashless system is very horrible to the society

he give an example a group guys sit there and talking, a guy tells that he was j-walk in najing, the government use face recognition to fines him in 20 seconds with out trial. see how terrible the use of technology it is.

If the videobloger is a serious guy, did he verify the accuracy of the j-walking story?
is there any undeniable fact to prove his case that he get fines on j-walking?

 

[nang2]

A piece information out there,
A good man interpret it in a good way,
A bad man interpret it in a bad way,

most Chinese see almost all of the bloomberg news are propaganda against china and chinese.
the man in this video see the bloomberg video is a piece of propaganda that praise chinese cashless system as an utopia, but indeed cashless system is very horrible to the society

he give an example a group guys sit there and talking, a guy tells that he was j-walk in najing, the government use face recognition to fines him in 20 seconds with out trial. see how terrible the use of technology it is.

If the videobloger is a serious guy, did he verify the accuracy of the j-walking story?
is there any undeniable fact to prove his case that he get fines on j-walking?

If one follows the history of currency, he will find that cashless transactions are a hallmark of trust and peace within a society. Cash transactions, particularly via precious metals, on the other hand, are the hallmark of a society in turmoil.

 

[Zsari]

No, US Banks Are Not Terrified of Chinese Payment Apps #PropagandaWatch


corbettreport

Published on Jun 5, 2019

Completely different topic as the video is all about the paranoia of government and bank control and privacy fears, while the actual point of the cashless payment system is how much the bank's cut into everyday transaction have been reduced, that for Chinese, it is not just more convenient, but also cheaper to pay through these system rather than through credit cards. Of course unless Chinese participation is allowed, the same system implemented in the US would be at a much higher cost and US banks would still get their same shares as before, which is what the criticism on the Bloomberg propaganda from the video is about, as the US banks are pushing the same system. That in no way takes away from the benefit of the Chinese cashless systems.