Giant battles are raging on the global markets. Away from, or perhaps in the midst of, the geopolitical crisis we are experiencing between the G7 countries, NATO and the growing BRICS region, inflation and deflation are playing out. On the one hand, we see the commodity markets picking up again, oil prices rising sharply and mass media propaganda barely succeeding in convincing the normi of the absence of inflation. Even gold, which is a hard asset for Neanderthals, clearly indicates that something has broken geopolitically and that re-inflation must be the endgame of the fiat ponzi scheme.
However, despite all the inflation euphoria, I would like to take this opportunity to once again bring the giant China into play, which moves prices and markets with its global influence. It is difficult to obtain valid economic data on this fake economy and to put it into a meaningful picture, which is why we have to fall back on fragments of individual markets that are available to us. Falling prices in individual markets such as the real estate sector or used cars and export prices in the Chinese economy indicate that the economy could be in deflation. China is exporting this deflation to its trading partners through its deep integration in global value chains. The next technological wave is already having a deflationary impact on these partners: ai and robotics are putting considerable pressure on fiat credit. We will have to wait and see which forces will ultimately prevail, but it can be assumed that in any case, in the face of rising government debt, the ponzi scheme will have to put 'money' (currency or credit) into circulation in order to be able to roll over the old debt into the future. The slippery slope of the postmodern economy will have to further increase the angle of its fall forwards, further expropriate the individual subjects and further expand the state apparatus in order to keep this fake economy alive.
Isnt china trying to go on its own gold standard with russia? I wonder how much that will help stabilize things?
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They are trying to escape from the USD prison step by step. But this is a marathon and not a sprint. Their advantage will be more pricing power in the energy sector
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I guess it really depends on how many people they can rope into it. And how much gold they can accumulate. Imagine if they backed it up with bitcoin instead? That would make bitcoin prices interesting!
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This would be the big bang for btc
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I am of the opinion that at this point in the fiscal debacle Yellen, as well as last year, has only one task: Sell US Treasury bonds or prevent the Chinese from dumping too many on the market at once.
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