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Powell: Ok, so I get to Scott’s office on time. He makes me wait for an hour. Motherfucker. Then he ushered me into the room, and I didn’t know how to react. I saw a RealBotix female sex doll positioned on all fours. There was a sheet of paper wrapped over its / her head, and it read “Fiscal Dominance”. Another sheet of paper was affixed on her lower back, and it read ‘Fed Inflation Fighting Credibility”. Scott then told me to sit down in a chair across the room. On the back of the chair read a sign, ‘The Cuck Chair’. Scott then said to me, ‘Do you know what I have, I have the BBC, the Big Bessent Cock.’ Then he proceeded to fuck the doll.
Hayes could write an entertaining American Psycho styled novel about macroeconomic power politics.
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Entertaining commentary on the decline of USA and the rise of China.
In summary, China has won the trade war and USA continues to hope that complex financial system gymnastics leveraged upon its legacy institutional and protocols hegemony can somehow delay the inevitable. US insolvency.
USA kicking the can down the road, for how much longer. Another 60 years of chronic and growing trade deficits? Nope, maybe another 5 or 6, at most...
Bitcoin certainly appears to be a good hedge in these circumstances but ultimately it is a bet where you are punting on the downfall of western civilisation and its global hegemony.
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