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If ever there was a drug addict who not only failed to stop taking it, but had to progressively bump up the doses to get his kick. Each time I see this news, I place another buy order for gold
USA next up facing imminent insolvency. Can you palm off $7Trillion USTs before Christmas? YES THATS SEVEN TRILLION USD DEBT THAT NEEDS TO BE ROLLED OVER. Can you???
The western imperialists have grown bloated, fat, lazy and corrupt with their legacy hegemony over the global payments protocols and institutions.
But China has won the trade war and are now joined by Russia, Iran, N.Korea and ... India? Saudi?
Petrodollar hegemony is dying. Own it.
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I do not think the US will default before Christmas, but otherwise, may be you are right.
Superb time we are living in and a potential to make good profit by playing this right.
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Interesting times for sure but if you live in a liberal western democracy and value the wealth and privilege that has delivered over the past century and more my impression is you are probably looking forward at a much less privileged, wealthy and secure position in the future. If BRICS nations led by China are increasingly dominant in the global economy that has considerable consequences. Many of the freedoms and 'rights' people in the west have enjoyed are only possible because of the wealth that global dominance has delivered. The probably are opportunities for those who can play the markets in the turmoil that will unfold but most people in the west probably face a less prosperous and less privileged future.
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Not really. Those BRICS shitholes don't understand thw value of bitcoin or money separated from the state. And they have their own debts too. Their gdp per capita will not reach 50% of the US in 50 years.
The rich never losses. Best way to play this is mostly still independent of your locations. Some Chinese can get rich, some Americans can get rich and both will protect their wealth very well. Most morons (irrespective of country) will loose.
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Most US GDP is composed of financialised derivatives (meaning fiat debt slavery via IMF/World Bank/SWIFT) and sales of military equipment- ie debt and death.
The BRICS now dominate production of and trade in commodities and manufactured goods.
Who comes out on top nobody can now say with certainty, but I would say it is not guaranteed to be the USA and its Jewish shadow banker puppet masters.
There are now far more Chinese millionaires (and Billionaires) created annually than US. China leads global wealth creation and productive manufacturing technology.
USA is fucked without the strategic monopoly China has gained over rare earths and best case it would take the west 20 years to regain supplies independent of China.
Trump can bluster and bully all he likes but he is not beholden to China for the rare earths that are essential to most of the high tech US military and other manufacturing processes.
China has and will call his bluff/s. Maybe the game is up Uncle Sam and US exceptionalism...
The world has moved on since the Berlin Wall fell and it looked like the US was the sole super power- USD is now in close to $40 Trillion debt and reaching an inflection point where the empire becomes unviable.
Why do you think Israel is so desperate to carve out a more secure position for itself while it can- soon its main military sponsor may be overwhelmed by China and its mercantile muscle combined with its growing array of tribute states.
China is building an independent empire with its own payments protocols and institutional framework to the legacy western imperialism. It would be foolish to write of Chinas potential to come out the victor.
Bitcoin is a decent neutral hedge and likely to benefit from the turmoil of the change in the guard but as for becoming the dominant monetary system- that is a long shot given the huge importance of the role of governments and their power projection in determining the wealth of nations.
Libertarians who believe that free markets are the sole determinant are ignores the way the world always has been and is likely to remain.
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Thanks for your opinion. Come back to talk when you the gdp ppp per capita of China reaches 50% of the US.
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GDP, as I have alluded already, can be a very misleading number- if USA cannot source the rare earths that are essential to is manufacture of weapons and when such a large portion of its GDP is derived from its fiat monetary system extraordinary privilege, US GDP is highly vulnerable, and then theres the debt... these are realities now and I raise them.
You you have no credible retort or rebuttal to these facts except to demand I remain silent until some arbitrary future statistic is met.
Looks to me like you and your US exceptionalist assumptions cannot comfortably deal with the current reality let alone where current trends indicate the future might lead.
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I cannot force you to remain silent, you can blabber off all you want dude, after all, this forum is not controlled by CCP.
Just I was hoping you would talk more sense based on the gdp ppp per capita rather than picking random arbitrary figures.
Bitcoin and gold!
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Unfortunate as it is, Bitcoin seems to be at the top of this cycle...so yeah.
I do not trade, I only buy. But trying to time the buy a bit.
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Whoa, heavy, dude.
Wait, gold??
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