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By Request: Iam Old "Asian" Money AMA
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Hello, my classmate is a member of this community and he suggested I do this.
Basically, I'm from a SE asian country and my family is definitely well off. I guess you can call my family old money, significant windfall was over 100 years ago and the family has been accumulating it's fortune ever since.
The patriarch of my family has been listed on the Forbes and his board consist of other family members. As a whole, the entire family is roughly worth 10 figures.
Personally, I have my own personal fortune but I acquired it with the help of my family. Currently, I'm attending my family's alumni abroad and will live in the US until I finished my studies. I hope to join the family business and become part of the board in the near future.
I have had cousins spoiled by money, wherein, he had body guards who seemed to like roughing up people in our native country. He is now in jail and some what of an after thought. I, on the other hand, have been fortunate enough to be raised with discipline and limits. I do spend a good amount of money, but nothing overtly extravagant. I do feel I have to work just so I can add to it and solidify my position and contribution.
I'm new at this so please ask away and have some patience. Thank you.
Top Comment:
I guess a member of the Ayala family?
Tried of hearing how “All Asians must be rich”
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Like what? I grew up with Asians whose parents worked long hours in restaurants and laundromats. Sometimes the parents were undocumented and had a massive smuggling debt to pay off. None of us were even close to wealthy.
Yet somehow me and other Asians I know always get asked about how you don’t have to the money for this and that because “aren’t all Asians supposed to be rich”? People really think every Asian is born with a million dollars in their bank account. It’s so ridiculous to the millions of Asian Americans living in poverty.
Top Comment:
I think the recent immigration of the ultra-rich from Asia has really colored this narrative. There's obviously a huge wealth gap among the Asian community, both among the same race and between races.
It's also not convenient to the woke narrative that there is a big wealth gap in the Asian community. How else would they support their point that we use wHiTe SuPrEmAcY to get ahead?
ELI5: Why do Asian currencies tend to have very small denominations while western countries have big ones? For example, 1 USD ≈ 22,500 Vietnamese Dong
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1 USD is about:
100 yen, 1000 won, 8000 kip, 35 baht, 22500 dong
But on the other hand, one USD is about
0.85 euros, 0.7 pounds Etc etc
So why is it that Asian countries have currencies that are so finely granular (for lack of a better term) that the smallest physical currency they have is worth 500 units? And why do western countries have currencies that are so big that a quarter of one unit is relatively significant?
Top Comment:
one part of the reason is because some currencies do not have a separate "cent" type denomination. You are quite literally comparing dollars to cents. For example, $1 = 111.28 Japanese Yen.. But yen is the smallest unit. it's basically saying $1 = 111.28 Japanese cents.
Where do Asians get their money from?
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Okay crazy question but hear me out. I have some Chinese friends who have a massive network of other Chinese friends who seem to have unlimited money. And it’s not like they’re just rich because they’re frugal, these guys spend their money, and I mean, A LOT OF IT!!
They rotate between each other with who pays when going out for dinner and they choose the most expensive restaurant and book around 3-5 tables and they buy the most expensive seafood like lobster and crab and extremely expensive wine and each table usually has a bill of several thousand dollars, and they usually have 3-5 of these tables that is just paid for by 1 person.
They all own multi million dollar homes in extremely affluent areas (like $4mil+) and they happily pay for their less fortunate friends to go on overseas holidays with them, and one of them also recently upgraded to a brand new vehicle and they just gave away their 2021 vehicle to one of their less rich friend entirely for free.
When I ask what these people do for work I rarely get a straight answer. I just get vague replies like ‘oh they just have investments’ or I get told that they don’t need to work because they have so much money, or if I keep asking further questions I get told they own businesses but no one can specify what business. Another random answer I sometimes get is that the Chinese government bought their property in China and gave them millions of dollars and they came to Australia and now live like a king, but that doesn’t explain how they can sustain this kind of lifestyle for too long, especially when you look at the value of their own home in Australia that is also worth several million.
So, people of reddit, please enlighten me. Are these people secret Chinese spies that are receiving massive payout from the Chinese government like me and my friends frequently joke about, or is there another way this could be possible?
Top Comment: It’s just maths. Let’s say 1% of Australians are multi-millionaires (probably way higher) and apply that figure to China’s 1.4BN population - that’s 14M multi-millionaires. Let’s say 1% of those multi-millionaires want to move to Australia and they only want to move to Sydney & Melbourne - that’s 140,000 Chinese multi-millionaires from a total population of 10M in these cities. I am just making rough calcs but China has a lot of people who are rich even if the % is smaller than AUS Even a small fraction coming here would be noticed.
In many rich and developed Asian countries it is more socially acceptable to ask a date what their earnings and salary is, meanwhile in the United States it is considered pretty rude to do so. Why?
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And disclaimer I’m one to prefer not to say my earnings and salary on the first date too
Top Comment: It makes you look like all you care about is money
Chinese dialogue in Hell Money
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Saw the Hell Money episode (S3E19) with my partner tonight. Some of the actors spoke really bad Cantonese. The Chinese cop, the daughter and especially her dad sounded like they were reading a phonetic script. Even my non-Chinese partner said they sounded stunted with their speech. I couldn't take some of the serious scenes seriously because of how distracting it was!
Didn't get to talk about this when the episode came up for discussion last year.
Top Comment:
The episode was filmed way back in the 90s when there probably weren't as many actors fluent in Cantonese. Adding to the fact that it was filmed in Vancouver, which has a huge Asian population, the actors may have been second, third, or even fourth generation immigrants (many of which were descendants of Chinese immigrants who moved to North America in the 1800s to work on the railway).
Also, Lucy Liu (the daughter) was born in New York to parents who were originally from Mainland China (Beijing and Shanghai) so it would make sense for her to know more Mandarin than Cantonese.
X79 vs X99 Chinese Set, which one worth the money?
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Hi all,
I'm trying to build a new home server with very limited budget, therefore I'm ok with second-hand and chinese parts. I need your perspective regarding these two CPU+MoBo+Memory set, which one is more worth the money, considering the price point is very similar. Please don't recommend used branded server thing, because it is expensive here.
Use case is mostly to run hypervisor with one VM PfSense, one VM PiHole, one VM for NAS, and the last is for plain Ubuntu for docker things. In Ubuntu I will sometimes run medical imaging segmentation using Freesurfer which will benefit from single high frequency CPU and massive RAM.
- X79 Set ( https://www.aliexpress.com/item/4000260384181.html?spm=2114.12010612.8148356.24.52883bd6EHgU3R )
Mobo = HUANAN ZHI X79-ZD3
CPU = Intel Xeon E5 2650 V2
Memory = 4*8GB = 32GB DDR3 1600MHZ ECC/REG RAM
2. X99 Set ( https://www.aliexpress.com/item/4001221437780.html?spm=2114.12010612.8148356.62.189932e7j5uj0G )
Mobo = HUANANZHI X99 F8
CPU = Intel XEON E5 2620 v3
Memory = 2*8G DDR4 NON-ECC memory
How is the CPU compares for my use case? Is it worth the upgrade from X79 to X99, considering DDR4 is more expensive than DDR3, and I can get twice the RAM amount if going DDR3? Is there any other thing to consider between X79 and X99 ?
Thank you in advance! :)
Top Comment:
Check out your budget and figure out if a ryzen build could be cheaper or on a similar cost possible. You may loose a few cpu cores, but overall it will be much faster, does have modern Power-Management Features and its upgrade path is great as well.
Remember that both boards you mentioned do not have ipmi, so you could stick with consumer boards as well
But they sure love that chinese money
Main Post: But they sure love that chinese money
Top Comment: I love how the chinese Black Panther one is more menacing for totally no reason...... Edit: escape this comment section while you still can
Drug gang using shadow Chinese money brokers uncovered, $86 million seized, Italian police say : worldnews
Main Post: Drug gang using shadow Chinese money brokers uncovered, $86 million seized, Italian police say : worldnews