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14 sats \ 5 replies \ @Satosora 11h \ on: Why Are All My Cryptos Down? (FT Alphaville, Bryce Elder) econ
Just keep stacking.
You will never lose if you just focus on stacking bitcoin and nothing else.
Everythibg else is just noise.
some of us lousy fucks gotta pay bills. #896283
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Sold at the top.
Living costs covered for another year...or two.
If you can't see that China has already won the trade war, I can't help you sorry.
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China enjoys trade surpluses with almost all nations.
Most nations need to trade with China or suffer considerable economic disadvantage.
The USA has endured trade deficits with the world since the 1960s.
The wealth of China is built on productive efficiency- paying the best prices for commodities and manufacturing them into the most competitively priced manufactured goods the world wants.
USA consumes more than it produces and can only sustain this because it prints the global reserve currency...a legacy of its former economic strength. Fort Knox is empty. USA is close to insolvency.
USD reserve currency status is liable to collapse as more nations adopt bilateral payments with China- as Iran, Russia, N.Korea and others already have, This is why Trump hysterically threatens BRICS nations with 100% sanctions if they join- because the USD is liable to collapse if they do. Game nearly over for USA.
More and more international trade is done outside of the USD SWIFT hegemony. China increasingly facilitates trade payments via its alternative trade payments routed via Hong Kong and its CBDC Yuan.
Deal with it. If you can...or just cry.
You can't credibly refute it.
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