I hope more people (especially the Chinese morons) are seeing the failure of Keynesian print, borrow, spend experiment
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33 sats \ 3 replies \ @flat24 7 Sep
I consider that they know it and that is why they do not stop increasing their gold reserves and nobody know how much Bitcoin can have.
They continue to increase their liquidity in yuan for the use of their citizens and their vassals ... but those who really handle the great ship that is China, are well insured. 🪙🍊
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0 sats \ 2 replies \ @spiderman OP 7 Sep
By Chinese, I was referring to the Chinese citizens who are sheeps well programmed to accept the capital control and bitcoin ban imposed by the CCP, not CCP officials themselves.
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0 sats \ 0 replies \ @flat24 7 Sep
Chinese citizens allow them to warehouse gold, something that is exposed to confiscation by the same state that allows them to treasure it. When they discover that there is something better than gold, which allows them to store their wealth out of the risk of confiscation of the State only as the first goodness in favor. The awakening is inevitable, it is only a matter of time, so it is important every Sats that we can get before them.
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0 sats \ 0 replies \ @flat24 7 Sep
I see it as an advantage that we already know about Bitcoin. Stack before the Chinese population wakes up on Bitcoin. The average Chinese has a culture of savings, much more savings culture than here in South America for example. And there are few Chinese, that will be a great demand and a large capital entry to the total capitalization of Bitcoin.
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0 sats \ 0 replies \ @Solomonsatoshi 7 Sep
China is however still building road and rail conduits to southern ports via Myanmar, Thailand and Cambodia.
In the case of Cambodia they are digging a canal in order to bypass the Vietnam controlled delta of the Mekong.
China is developing multiple options for strategic trade routes, and those that are not sufficiently secure will be deprioritised.
China utilises fiat money more correctly than the corrupt neoliberalised west where capital has captured governance and most fiat debt is squandered upon non productive asset price speculation as opposed to productive infrastructure and capacity.
China has won the trade war and the USA is fucked without the rare earths and other strategic supply chains now controlled by China.
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