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CHINA'S RICHEST MAN TELLS AMERICA TO STOP WASTING MONEY

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Thread replies: 132
Thread images: 30

Alibaba founder Jack Ma, who has been busy trying to get into Donald Trump's "circle of trust", spoke in Davos and blamed the problems of the United States on the United States itself, as a country which has spent trillions of dollars to wage war, instead of investing in infrastructure and its own people.

Asked by Andrew Ross Sorkin about Trump's decision to impose new tariffs on Chinese imports to protect domestic American manufacturers, Ma said blaming China for any economic issues in the U.S. is misguided. If America is looking to blame anyone, Ma said, it should blame itself.

"It's not that other countries steal jobs from you guys," Ma said. "It's your strategy. Distribute the money and things in a proper way."

According to Ma, the US wasted over $14 trillion in fighting wars over the past 30 years rather than investing in infrastructure at home. Ma named this as the main reason that the US economy is weakening.
>>
>>70286007
I agree
>>
true
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>>70286007
>tfw china will BTFO of america in my lifetime
i already started learning chinese senpai
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>>70286007
The US has pretty reasonable infrastructure. The one thing they should have invested the money in is education, so their jobless could have learned a new craft and find a new place in society.
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>>70286181
>The US has pretty reasonable infrastructure.

You've obviously never travelled around America.
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>>70286007
You know there's a problem in your country when you turn military, religion and education into a big business.
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>>70286199
Mate, it is possible to reach pretty much any place of note. That counts as reasonable.
For your country to thrive, people just need to be able to properly commute within the large cities, not be able to reach some desert or the other within as little time as possible.
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>>70286007

>"It's not that other countries steal jobs from you guys," Ma said. "It's your strategy. Distribute the money and things in a proper way."


That's roughly equivalent to saying that your strategy in a ballgame is to win, and if you lost it's because you didn't win.

>just invest in infrastructure

For what, exactly? Transport costs in the US are already pretty low and things arrive in a timely fashion.
>>
nah it made itself an unstoppable juggernaut and successfully controls more puppet states than any other power.

America is actually in first place right now, and if anyone tries to catch up it's game over for them.
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>>70286007
Nigga China won't last another 15 years at this rate, It's reliant on a stable middle class and exporting cheap shit to America. It's a castle made of paper. They are what Japan was in the early 90's right now.
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>>70286270
>Transport costs in the US are already pretty low and things arrive in a timely fashion
yeah maybe for your delivery burgers

>That's roughly equivalent to saying that your strategy in a ballgame is to win, and if you lost it's because you didn't win.

no you fat msg loaded fuck, plenty of your american MNCs make big bucks, its your job to court them into investing into your country to provide them with professionals etc etc
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>>70286248
american railroads are terrible, m8.
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>>70286199
Better than your infrastructure. Your bullshit roads are why finns dominate formula 1
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>>70286321
We have the best freight rail in the world.
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>>70286343
talking about passenger transportation, obviously.
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>>70286007
He's correct. This is why Trump's "America First" brand of populism won him the election, Americans are sick of their government shelling out trillions of dollars to prop up their global empire whilst infrastructure, education standards, and social cohesion are neglected and left to decay.

Trump's presidency could really go either way, if he is effective he may accelerate the economic recovery by downsizing the enormous and overgrown federal government, simplifying the country's tax code, and skewing the playing field back in favour of small businesses. If he is ineffective he'll be seen as an embarassing footnote in America's history and it will increase social alienation amongst both his critics and supporters, further polarising society as a whole.
>>
Chinese infrastructure is a joke though; they just build according to arbitrary state quotas regardless of whether there's any use/demand for it.
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>>70286305
>yeah maybe for your delivery burgers
All deliveries I've had arrived on time. Our infrastructure is fine and the construction sector is growing at 12% annually
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2ND AMENDMENT MOTHER FUCKER
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>>70286369
We're not talking about China...
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>>70286369
This is also true and will lead to an economic bubble similar to Japan's in the 90s (except on a much larger scale).
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>>70286369
>whether there's any use/demand for it.
classic case of state investment.
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>>70286305

>its your job to court them into investing into your country to provide them with professionals etc etc

This already happens.

No one can compete with China on cost though, even if investments are unsafe. Even when shit like this happens: http://www.chinalawblog.com/2011/04/fellowes_brought_to_its_knees_in_china_blame_the_joint_venture.html
, people will still invest in China because environmental regulations/worker protection hardly exists or isn't enforceable on a wide scale.

America's doing fine in non-heavy industry sectors, and even there high quality machinery is still doing very well. IIRC it's the USA's largest export by value, it's just it can't compete on the low quality, cheap goods where labor/raw materials as opposed to processing/machining is proportionately a much larger part of the cost, especially as shipping costs have plummeted. This kind of shift was inevitable.
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>>70286007
>STOP WASTING MONEY
but this is the business model of alixpress
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>>70286398
careful m8 >>70286164
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>>70286354
Our civilian rail is excellent with safe and reliable service. We just don't need it, or want it, for crossing the country
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>>70286419
China is a paper tiger
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>>70286369
>haven't completed our five year plan yet
>let's cut another 500 square kilometres of forest to make way for a bunch of apartments no one's ever going to live in
Pretty funny for these people to think they can advice the US tbqh.
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>>70286444

Confirmed for having never ridden Amtrak


nice trips btw
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>>70286409
then just... get people to do high quality machinery?
>>
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>>70286458
Yep China's facing pretty serious problems as a result of it's many failed state ventures, doesn't mean that Ma isn't right though.
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>>70286476
I've ridden amtrak many times in and out of seattle and NYC, literally 0 problems. The only infrastructure problems to be found in the US are due strictly to state level corruption ( see chris christie)
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>>70286516
I KNOW
I KNOW I'VE LET YOU DOWN
>>
>getting told by China's dwarven billionaire


kek he may be a chink but he has a very good point
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>>
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>>70286487
>>70286540
>A thread about China
>Singapore and Philippines flag comes to defend China

Really makes you think
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>>70286496
>>70286516
>>70286544
>>70286564
are you the same guy that posts this in every thread where china is mentioned?
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>>70286571
>defend


even if i wasn't, chink boy still has a point tho
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>>70286509
What does china even spend on its own people except make-work basic labor? People have been eerily silent on things like chinese healthcare, university costs, not to mention labor rights
>>
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>>70286594
After all that USA has done for you country you treacherous flip
>>
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>>70286605
>>70286629
Top quality Chinese banter
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>>70286487

Only so much demand.

Problem is, the emerging markets don't have money for that kind of stuff. They can only afford cheap Chinese knock-offs and shit quality items; mopeds, cheap solar panels, etc. It'll be decades before anyone in Botswana or Tanzania or Afghanistan is actually concerned about buying proper aircraft, production machinery, planes, electrical manufacturing equipment and the like. It'll be Chinese rip-offs of poorly made, low quality but otherwise identical John Deere/Range Rover/whatever models until then, because god fucking forbid the American Chamber of Commerce actually decide to act on intellectual property complaints, hell might freeze over before then.

Had a friend go at a Chinese manufacturer at the last expo we went to in Shanghai, he's an engineer/designer at Land Rover and he came across a literally identical shittily made Chinese model of a car he helped design, got into a shouting match with the company rep. w/e
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>>70286629
>>70286605
what the fuck is wrong with these people? i thought gooks are civilized?
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>>70286907
Communism destroyed any civilization China once had.
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>>70286533

TUMBLING DOWN
TUMBLING DOWN
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>>70286007
Why is no one talking about how hot she is?
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>>70286907

>what the fuck is wrong with these people? i thought gooks are civilized?

>mainlanders
>civilized

Pick one and only, ONLY one.

What you think of Chinese people are Hakka, Malay Chinese or other overseas Chinese. They're generally based as fuck.

Mainlanders are universally hated in overseas Chinese communities because they're a bunch of uncouth, extraordinarily unpleasant peasants.
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>>70286270
>For what, exactly?
like having first world train
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>>70286982
She looks a bit fake tbqh
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>>70287018
Cities are to far apart. 4 days by train between LA and NYC. 5 hours by plane and 1/3 the price. Even if high speed train could do it twice as fast it would still be 2 days.
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>>70286444
The fuck are you on about? They're not needed because they're too slow to be of any use.
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>>70287042
not necessarily between places that far
don't you think a maglev or an high speed train in New England or California could be beneficial?
>>
"The American multinational companies made millions and millions of dollars from globalization," Ma said. "The past 30 years, IBM, Cisco, Microsoft, they've made tens of millions — the profits they've made are much more than the four Chinese banks put together. ... But where did the money go?"

One answer: a couple of offshore bank accounts, or - now that Rothschild is managing Nevada tax havens - onshore.

He added that the U.S. is not distributing or investing its money properly, and that's why many people in the country feel wracked with economic anxiety. Ma added that too much money flows to Wall Street and Silicon Valley. Instead, the country should be helping the Midwest, and Americans "not good in schooling," too.
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>>70287108

https://en.wikipedia.org/wiki/Hyperloop
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>>70287122
This guy should be president
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>>70287108
>New England or California
The East coast has a good train system. They are building one in California but I dont think it will ever be finished.
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>>70286982

Everyone here is gay
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>>70287122
>He added that the U.S. is not distributing or investing its money properly
That's the problem though. As I explained, Chinese infrastructure is built around arbitrary state quotas, ergo how can this guy talk trash about the US?
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>>70287170

China is investing in local infrastructure, education and inseting in infrastructure and education in Africa to build their next big consumer market of the future.
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>>70287170
>Chinese infrastructure
China is an absolute shithole. Even in Shanghai, the most civilized part. There is some peasant with an ox cart and a load of hay in front of the 130 floor financial building.
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>>70287134
what if some terrorist makes a hole in the tube?
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>>70287164
Does she have a rich daddy or something?
>>
Who has more power, money, and influence in China

Jack Ma

or

LiHeJun

?
>>
>>70287210

Then I hope they catch it on tape
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>>70287205
I think the pics that guy posted earlier should drive that point home.
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>>70287205

American butthurt is delicious
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>Chinese infrastructure is garbage

A bit of a meme tbqh, they have a very extensive railway network
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>>70287321
I don't think you'd want to ride on a Chinese passenger rail.

>smelly, rattletrap cars full of crying children, filthy peasants tracking mud everywhere, soldiers on leave from the army, etc
>safety standards near-nonexistent as well
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>>70286444
>We just don't need it, or want it, for crossing the country
the eternal sour grapes. You should travel to Europe sometimes, m8.
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>>70287374

>American trains
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>>70287433
The US is a _bit_ bigger than the Netherlands.
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>>70287462
>>70287312
Once this CCP proxy bot gets done posting... :^) (^:
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>>70287467

USA is not bigger than China
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>>70287462
You posted freight rail
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China still uses a lot of steam locomotives. Those bullet trains you see in pics are slapped together with chewing gum and duct tape for state propaganda purposes.
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>>70287108
commiefornia is already too expensive and the highway system and roads are very good (for the most part). The US is a automobile country, always has been. Trains just aren't in our culture.
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>>70287519
China is also significantly poorer and few people outside the coastal cities own a car. However, the rail system in China is also to a large extent for strategic purposes and to service the PLA.
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>>70287538
>China still uses a lot of steam locomotives.
{{citation requried}}
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>>70287538
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>>70287558
>Trains just aren't in our culture.
see >>70287433
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>>70287538
that looks badass as fuck imho

>>70287563
and your gps system was originally for the US military, what's your point
>>
>>70287563
>China is also significantly poorer therefore they afford better infrastructure

Terrible logic
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>>70287558
>Trains just aren't in our culture
Eh? The railroads occupy a huge part of American folklore/history. But after WWII, the event of the interstate system and mass produced automobiles eliminated the need for passenger rail.
>>
>>70287558
>Implying LA couldn't use a half decent rail system to free up the traffic build up.
>>70287574
>>70287585

That's not how that meme works. There needs to be something to be sour about.
>>
>>70287588
China does have rural poor, but the govt is focusing on dragging them out of poverty

This year to 2020 will be key years for china, we may see them finally stop relying on low tier production, or be stuck in the middle income trap
>>
>>70287588
>guy who's never been to China
LOLno. Their infrastructure is not near First World status, it's 30 years behind the US and Western Europe. Like I said, they still heavily use steam engines which most Western countries phased out in the 1950s.
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>>70287616
>China does have rural poor, but the govt is focusing on dragging them out of poverty

>600 million rural poor
Not happening.
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>>70287623
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>>70287655
Chinese govt has a shiton of power, might just happen
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>>70287623
Their airlines and airports can use some major work as well. Speaking as someone who had to take an AirChina flight from Beijing to Xian and than to Urumqi, the reliability as well as the food becomes worse and worse the further east you go. One of the worst travel experience's I've ever done.
>>70287657
He's not wrong dude. China is modernizing at a rapid pace, but a huge amount of the country is still stuck 50+ years in the past.
>>
>>70287462
>disrespecting F40PH

(DELETE THIS in train robber)
>>
>>70287668
Authoritarian governments are less efficient and more bottlenecked than democratic governments. The Soviet Union bore this out.
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>>70287699
west*
>>
>>70287699
Correct. The coastal cities are okay since that's where most of the money goes, but rural areas still look like the 1970s.
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do people complaining about the lack of american rail get it?

you can go from Chicago-New Orleans-New York-Buffalo by boat

there's only a few cities inaccessible by barge, Denver, Dallas, Indianapolis

America was settled by waterways, Europeans put cities away from rivers and had to build railroads
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>>70286007
>another Chink b8 """Finn""" episode
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>>70287731
>America was settled by waterways, Europeans put cities away from rivers and had
Not true though, many major European cities are located on rivers like the Danube and Rhine.
>>
>>70287731
We could just converted our freight rail to passenger rail if push came to shove regardless so it doesn't really matter.
>>
>>70287623
>heavily use steam engines
what are you talking about m8.. A shitty country like ours don't use stream engine anymore!
>>
>american flag defending china while arguing with another american flag

YOUWILLNOTDIVIDEUS
>>
>>70287796
Whenever someone shits on chinks or chinkland some Anglo flag starts vehemently defending it. Diasporafags are cancer.
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>>70287791
I don't know anything about Indian railroads, but China very much does rely on steam locomotives because they have an enormous amount of coal, so there's no real motivation to change it.
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>>70287760
river networks then

continental divide in europe meant rivers weren't suitable for transport very well

>>70287762
interstate system is a lot better in the west, denver-seattle instead of denver-sf-seattle
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>>70287213

No, she runs her own successful clothing business. She started out with just 10 t-shirts while she still lived in rural China.
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>>70287837
India doesn't have very good quality coal IIRC.
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>>70286007
>wasted over $14 trillion in fighting wars

That's $45,000 per man, woman, and child. That's a lot of waste.
>>
FWIW, the defense sector employs a significant amount of people and also skilled, highly paid jobs, not sweatshop labor.
>>
>>70287704
communistic authoritarians maybe..
>>
>>70287791
>A shitty country like ours don't use stream engine anymore
Yeh but back when you did, the railroads were just used by Britain to carry opioids out of India so they could be sold in China.
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>>70288004

t. CIA

Doesn't justify wasting money and creating terrorists
>>
>>70287704
And also the CCP really doesn't want to do anything but preserve the status quo for fear of mass social unrest.
>>
>>70288028
>so they could be sold in China
did not happen. Steam engines were phased out after independence.
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>>70288066
Pre-independence obviously.
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>>70287486
lol
spies everywhere hahaha
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>>70287374
>don't think

well you'd be thinking wrong
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>>70288205

>>70287699
>>
>>70287884
>continental divide in europe meant rivers weren't suitable for transport very well

The fuck you are babbling about? Do you know how cities tend to born and where?
>>
America is so super fucked
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>>70288243
>>
>>70286571
Singapore is one of the main countries in the world in terms of exports, if Trump starts a trade war they are going to get hit really hard. If I were them I would be mad as well. Wait.
>>
>>70286007
More posting of OP's girl, you shitcunts.
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>>70286516
Neat. Is that the Oolong River?
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>>70287623
>Like I said, they still heavily use steam engines which most Western countries phased out in the 1950s
The Hogwarts Express is still chugging along.
>>
>>70287982
Those oil fields and puppet governments aren't going to install American powers themselves, are they?

>>70287900
Nice skivvy.
>>
>>70287884
I hope you realize that those are not the only rivers in Europe
Thread posts: 132
Thread images: 30


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