All the tertiary level monetary leverage and debasement cannot rescue an economy that has for decades ignored investment in productive infrastructure, skills and machinery. China now builds robots, PVs and lithium batteries at half the cost any competitor can and produces nearly all the refined rare earths. The west got deluded that financialisation creates wealth when it is productivity of goods and services that creates real wealth and prosperity. The US has lost control of so many strategic supply chains it is now subservient to China. The debt bomb that has been built up over 4 decades of neoliberal financialisation is now reaching critical mass and if interest rates on USTs go over 5% it implodes. Rate cuts and tariffs cannot fix the structural damage of 4 decades of neoliberal voodoo economics.

Hilarious and tragic how you repeatedly resort to name calling and grossly misrepresenting those who present facts and ideas that you do not like but cannot credibly refute with a reasoned argument.

It is a sign of weakness and insecurity more than anything else.

My acknowledgement of Chinas economic success is not propaganda or endorsement it is simply recognising that they are advancing their economic development to a point where the west generally and the US in particular face the possible end of their centuries of global dominance. That prospect is probably just as disconcerting to me as it might be to you- but recognising it is the first requirement to responding to it.

The former US ambassador to China agrees with me on the reality of Chinas threat to US hegemony.

So do others with extensive experience in China...

If I was a CCP bot I would be much more likely to be voicing the sort of denial of reality that you are pushing - discounting that China is any real threat to the west...

Maybe a good idea to set up a password on your coinos account...

Most nations are still monetarily and militarily subservient tribute states to the US. There is however a growing alliance of nations increasingly openly challenging US military and monetary hegemony. Since Roman times if not before monetary and military hegemony have usually gone together...along with dominance in trade. The US gained global dominance post WW2 and after the fall of the Berlin Wall that dominance transformed into unopposed global hegemony.

But today China is now challenging US monetary and military hegemony- building up a stronger military and increasingly aligning with nationed sanctioned out of the USD SWIFT trade payments system. China is now too important in global trade for the US to sanction or exclude directly- when the US tried to impose tariffs China responded by cutting off the supply of rare earths that the US needs for its military and high tech manufacturing.

There is a widespread and tragic denial in the west of the powerful position China now occupies in global trade. It is hard for US Exceptionalists to understand let alone accept how China has come to enjoy such a dominant position because they do not understand the central importance of governments in the creation of the wealth of nations...they seem blind to the repeated, numerous and continued projections of power the US government has orchestrated during its time of global dominance.

China is very unlikely to adopt Bitcoin for trade payments- it has already built its CBDC and the CIPS and mBridge digital trade payments platforms which provide trade payments outside of the USD/SWIFT network. As the USD/SWIFT protocol declines the Chinese protocols become increasingly important.

No major nation can now afford not to trade with China- including the US. The era of US hegemony is waning.

As the US empire declines Bitcoin is likely to be a useful neutral safe haven asset but international trade is now so strongly dominated by China it is hard to see Bitcoin being used for trade payments in a major way. Bitcoin might be more useful as a reserve for central banks wanting neutrality from US and Chinese spheres and protocols and if enough neutral nations central banks come to hold Bitcoin it could possibly be used for trade payments between them.

Cryptocurrencies are moderately sanctionable because they are DINO.

Bitcoin is the only cryptocurrency that can be considered highly resistant to sanctions.

Even gold can be impacted by localised sanctions in some cases for example Order 6102 although it is arguable whether the US could freeze gold reserves held by any nations central bank as it would require it to block the transfer of that gold to any other entity.

Your style of response is quite provocative and will inevitably tend to generate negative possibly hateful responses. Do you understand why?

Difficult to know because you do not give specific examples whether by 'haters' you are referring to people genuinely attack you or people who simply disagree with your views.

Looking at your comments in other posts you appear to sometimes attack others personally, rather than focusing solely on the facts and issues raised.

It is a common trap many of us fall into sometimes when others challenge our beliefs and assertions with arguments that we may struggle to refute in a reasoned manner.

But if we want to engage in the contest of ideas we need to try to engage with the ideas and debate and avoid name calling and personal attacks.

Its not easy and requires constant effort but that is the price of free speech and the contest of ideas.

If others attack personally rather than the ideas and facts raised remind yourself, and them, that they are not addressing the facts and issues raised but are seeking to avoid them and genuine reasoned debate, by attacking the messenger.

Wrong. It is not getting 'printed' anyway. Private banks can only create new fiat when you undertake debt obligations to them. Get it yet???

Is US debt sustainable in the near term at rates over 5%? Is anyone buying USTs? Who is buying the Trillions of USTs that need to be rolled over before Christmas?

The west is desperate for a magical genie in a bottle to escape its now near terminal decline. AI is an illusion conjured out of desperation.

Fuck that.

Slave to superstition and the opiate of the masses.

Most fiat money in circulation is effectively created when someone agrees to take on the obligation of debt to a fiat debt slavery cartel (central bank) franchised bank. You are doing that. You are buying fiat debt by undertaking fiat debt obligations You do not understand the very basics of fiat money and what you are doing with it.

And you are buying it....because fiat money is born out of debt...debt you are using for leverage. Slave. Ipso Facto you do not understand the very basics of what you are talking about and doing.

My God you do not even understand how the fiat monetary system works!

Do not ask me to explain...I don't have the time, or sympathy.

Ok thanks for your commitment to the cause or, more accurately, how much you recognise on reflection, that you are gambling on something that is not guaranteed and certainly not a mathematical certainty.

Wondering though, how real your commitment is, given your devotion to how you still want to pay guaranteed rent on fiat debt slavery money issued to you by the bankers. Seems the only justification you provide is the chance of greater fiat leveraged speculative gains for you ... while the bankers are guaranteed your rent on their fiat money.

BTW I recognise the power of collective organisation to human productivity and security, but I also highly value individuality and am probably less of a team player and herd follower than 99% of the population...while the stuff your are saying is pure NGU hopium herd mentality hype. I have not worked for any centralised organisation for over 40 years, preferring self employment and living offgrid. I pay my taxes but also expect and demand the state recognise my freedom of choice and liberty to live as I choose within the reasonable limits of what is not harming any other citizens.

Bitcoin is valid, non violent yet revolutionary because it allows us to hold our wealth free of state oversight, censorship and debasement and because it provides a healthy , much needed competition with the fiat debt slavery bankers cartel who have come to own and control our elected representatives. Bitcoin as a protocol is quite intrinsically a collective organisation - scaling as people voluntarily join it. It treats all individual participants equally without fear or favour- an excellent model for human co-operation, wealth and security.

But Bitcoin is unlikely to triumph in the long run as long as people still cling to fiat debt leverage for their selfish speculative motives because in doing that you are still supporting the fiat power and are still a slave to them explicitly in terms of contracted obligations and in terms of narrative, principle, paradigm and belief.

Alibitress.com have set up something along these lines.

it would be worth looking at them as they have been going a while though I am not sure of how successful or even legit they are.

Have never used them but they have been up and running for several years now and effectively have the full range of products that are available on aliexpress- so a fairly large and global shipping capable product offering.

Lol if I was would I tell you?

I suspect that if large enough communities can adopt without obstruction and a Bitcoin Standard economy could function unimpeded then it would be prosperous and attractive. But the chances of a nation state being able to get past the IMF to achieve this seem slim. El Salvador has tried and partially succeeded but already had conditions imposed- so partially captured by the IMF who already held debt against El Salvador as is the case in almost all nations.

I was the same. So its performance so far does give some grounds for hope, and has already empowered many people to do many things that would otherwise not have been done. Bitcoin has already empowered those of us who question and reject the dangerous and corrupting power the banks have come to hold over us and our governments. But I still doubt there are enough of us for Bitcoin to succeed in the true and full sense- at best I hope for more of the partial victories we have already had. Even if a few communities and nations can adopt as El Salvador has partially done there is hope that The Bitcoin Standard can have the chance to show what it is capable of- but look at how the IMF has leveraged the debt ES is already enslaved under to restrict their freedom to adopt. The fiat debt slavery bankers cartel is the most powerful entity in the world, and owns most governments. They are responding to Bitcoin in the most cunning capture and control strategy, as can be expected.

I try to be realistic- unreasonable optimism leads to disappointment of not disillusionment and apathy.