Trump is touting 'crypto' and Bitcoin, even shamelessly touting his own shitcoin.
Meanwhile he threatens BRICS nations that if them that adopt another currency or protocol (than USD & SWIFT) for trade payments he will impose a 100% tariff on their trade with the USA.
The hypocrisy and bullying is off the gauge.
China has won the trade war and Russia ignores Trumps pleas to stop his illegal invasion of Ukraine because China supports Russia and buys Russias oil via Chinas CIPS trade payments protocol that is independent of the USD/SWIFT system.
China refused to be bullied by Trumps tariffs threats and Trump backed down as soon as USTs started to get hard to sell- the US needs to refinance $7Trillion in USTs before Christmas...
Israel is out of control with their genocide in Gaza and Trump cannot stop them.
Iran is selling its oil to China, like Russia, paid via CIPS outside of USD sanctions and now the Saudis, the founders of the petrodollar are selling their oil to China and have signed up to Chinas mBridge CBDC trade payments protocol.
USD global hegemony is on the decline and China is supporting Russia and Iran in their wars with US allied nations- the 'mighty' USA cannot stop them.
USA is struggling to even sell its Treasury Bonds...everyones moving to gold, and Bitcoin.
The level of US debt is such that every point of increase in the interest that must be offered to sell USTs bring insolvency and a 'run on the bank' closer.
With the Saudis moving to Chinese trade payments the USD/Petrodollar faces imminent collapse and so Bitcoin becomes a vital and valuable neutral safe haven in this process of global super power rise and fall.
Thoughts?