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10 sats \ 5 replies \ @davidw 20 Oct 2023 \ on: How China's Move Could Redefine Global Finance meta
Plot twist for 2024
- U.S. tries to strangle Bitcoin adoption, believing their currency can continue to float on thin air
- China does a u-turn and fully-reserves its new currency using Bitcoin freedom-money, with collateral consisting of Satoshis & Gold
But I don't think that the real government (Fink, Dimon et al) will pass the ball to China to give them a solo. These people are well connected and will be filling their bags via commissions out of their ETFs.
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I appreciate it's ridiculously unlikely. I just like to entertain the thought of such a surprise
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Ahh, got You now. Slow day today...
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Just followed you on Nostr. Love it when people include their npubs in profiles.
This weekend feels like things are brewing. Do you think the gold market is sniffing that out?
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Thanks for following. It's a great experience to me as tech- analphabet.
Yes, Gold seems to get it right. Watch energy prices and bonds in addition.
My base case for the upcoming years is energy inflation and credit deflation (contraction).
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