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167 sats \ 5 replies \ @tomlaies 17 Jan \ parent \ on: Policy Proposal for Trump's Bitcoin Stockpile Leaks bitcoin
When did that happen lol. Manufacturing is fleeing en masse to Vietnam, Bangladesh and India. US GDP outperformed China in the last 5 years and has still higher per capita. China lost most of its Bitcoin mining. They're in a recession and financial crisis right now. Their property sector collapsed. China is currently throwing a last ditch effort into EVs like a lifeline.
Low quality manufacturing is shifting to lower wage economies.
Wages in China are rising faster than anywhere in the world...and have been for the last 3 decades.
Study this time lapse graph illustration if you want to understand the incredible and continuing rise and now global dominance of China productive economy.
The whole argument is that China is rising and USA can save itself with a speculative play on Bitcoin- its a joke that avoids the real problem- the systemic and chronic decline in US/Western productivity and competitiveness versus China.
The West cannot compete with China EV nor can it compete on all the hundreds of thousands of other manufactured goods that China now produces more efficiently than the West can. Tariffs might buy Elons Tesla time but the fundamentals are all in Chinas favour...unless the US resorts to brute force.
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solomon is a China maxi, any facts or figures will just be met with how amazing the ccp is and how it's 100% not a dystopia
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I have never said how amazing the CCP is nor that its not a dystopia.
Please do not speak for me with complete and utter bullshit you make up to insult my actual stated views.
I simply acknowledge real economic data and results...as does the report asserting a Bitcoin reserve should be established.
China is rising and US is in decline.
You have not provided any facts of figures- just scared denial of reality, dishonest account of my beliefs and a crude attempt at shooting the messenger...because you are scared of the message...and don't know how to deal with it any better than these morons suggesting a Bitcoin Reserve.
Chinas dominance of global trade is clearly shown in the graph I linked before that you did not look at and have not responded to- because you are in denial of the facts.
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i've seen you make the same points every time anyone mentions China - China's rise was happening the past 20-something years and is done, demographics are shit, wages are still shit, even those they've risen, currency is garbage and it's being run by a dictator. just because they've decided to sell EVs at a loss means nothing.
and I am not scared of the message, I couldn't care less to be honest. The Western world is in a decline, largely due to fiat money and globalisation. it's not news to me, that's why i stack and moved from the UK, long, long ago
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You don't seem to be aware that Iran and Russia can only wage war on the West and its associates because of Chinas support.
The contest between the US and China is very real and the trends are in Chinas favour.
Chinas trade advantage is absolutely massive.
Its EVs have real advantage because Chinese manufacturers can produce EVs (especially the Batteries) far cheaper than Western factories can.
Trump can put on tariffs and in the process admit that Western EV manufacturers cannot compete but that will not solve anything as US consumers will pay more for EVs and overall the US will lose economic advantage even more.
Just because I state the truth (and that truth is echoed by the report this post is about) you seek to discredit me with multiple dishonest trollesque strategies because you don't like hearing that truth.
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