Malaysia Airlines Flight 370... Kinda Still Missing?, If You Can Rent Wedding Chairs, Why Not Guests?, Oh Sh*t! Chinese Banks Are Now The Largest in the World

Friday, Aug 18, 2017

Malaysia Airlines Flight 370... Kinda Still Missing?

Malaysia Airlines Flight 370... Kinda Still Missing?

Over One Year Later, Debris Finally Found

Malaysian Prime Minister, Najib Razak, announced in a press conference Wednesday that pieces of the Malaysian Airline 370 Flight have been found.

“Today, 515 days since the plane disappeared, it is with a very heavy heart that I must tell you that an international team of experts have conclusively confirmed that the aircraft debris found on Reunion island is indeed from MH370,” said Razak during the conference.

The Boeing 777 plane went down, and had been missing since March 8, 2014 with 239 people on board.

The Prime Minister went on to say investigators will be analyzing the found wreckage “with high-powered microscopes to probe what caused the plane to go down,” according to the Associated Press.

Some Theories Speculate… 

Of course, where there’s tragedy, there’s even more conspiracy theories. People have speculated that Flight 370 has gone down due to everything from an electronic hijacking and terrorist attacks, to claiming the US captured the plane and flew it to a US airbase, and that North Korea also may have also taken the flight home.

Our favorite theory, however, is that Pitbull and Shakira somehow have the inside scoop. According to the “Youtube Illuminati,” as The Huffington Post so eloquently refers to them, Pitbull’s song Get it Started” has some hidden meanings about the disappearing flight. Claiming when he says “Now it’s off to Malaysia” and “Two passports, three cities, two countries, one day” he is referencing the two stolen Austrian and Italian passports used to board the flight by two Iranian passengers.

We’re going to go ahead and say Pitbull and Shakira probably don’t know much the rest of us don’t, accept how to sell out arenas with subpar music.

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If You Can Rent Wedding Chairs, Why Not Guests?

If You Can Rent Wedding Chairs, Why Not Guests?

While we’re on the Asian continent, South Korea is pretty damn lonely. A trend that started in the late 90s, bride and grooms are now renting guests for their wedding.

Calling all grooms: rent a fake mistress

The rental company has a database of 20,000 actors who can play any role from fake bosses, to fake parents to fake mistresses.

It costs just $20 for most roles, so if you can’t afford to buy a private island like Ronaldo, at least you can hire someone to pretend you bought them a private island and tell all your guests about it.

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Oh Sh*t! Chinese Banks Are Now The Largest In The World

Oh Sh*t! Chinese Banks Are Now The Largest in the World

If China crashes, so does the world

Chinese banks now account for 4 of the 5 largest banks in the world, which is terrible news for our economy. The banks have loaned out way too much money ($14 Trillion in loans — around 50% more than China’s total GDP).

Catch me up on China, how’s their economy?

In an effort to move from a rural society to an urbanized one, China has been on overdrive to build cities. They’ve been extremely aggressive, and are way ahead of schedule with many of these cities being empty and termed “ghost cities”. There’s enough empty floor space to cover the entire city of Madrid, Spain.

Stocks crashing, investors fleeing

The Shanghai Composite Index has dropped 29% since its peak June 29th, causing retail investors (regular people like you and me, not companies) to sell their shares. 20 million individual investors fled the market in July, a one third drop in a single month.

Okay… If China crashes, what can I do?

If China’s economy does go into a tailspin, here’s some things you can do to hedge the decline:

  • Short Australian banks: Mining contributed 50% of Australian GDP growth in 2012, and any slowdown in China would cause big problems for banks.
  • Short iron-ore-mining companies: Fortescue Metals is one in particular, the Australian iron-ore miner is near 1 year highs, and a Chinese downturn would send stocks crashing.

As with any financial decision, consult your financial advisers, we’re not experts, just guys with a website.

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