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10 sats \ 5 replies \ @davidw 20 Oct 2023 \ on: How China's Move Could Redefine Global Finance meta

Plot twist for 2024

  • U.S. tries to strangle Bitcoin adoption, believing their currency can continue to float on thin air
  • China does a u-turn and fully-reserves its new currency using Bitcoin freedom-money, with collateral consisting of Satoshis & Gold
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80 sats \ 4 replies \ @GhostofTruth OP 20 Oct 2023

But I don't think that the real government (Fink, Dimon et al) will pass the ball to China to give them a solo. These people are well connected and will be filling their bags via commissions out of their ETFs.

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0 sats \ 3 replies \ @davidw 20 Oct 2023

I appreciate it's ridiculously unlikely. I just like to entertain the thought of such a surprise

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0 sats \ 2 replies \ @GhostofTruth OP 20 Oct 2023

Ahh, got You now. Slow day today...

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10 sats \ 1 reply \ @davidw 20 Oct 2023

Just followed you on Nostr. Love it when people include their npubs in profiles.

This weekend feels like things are brewing. Do you think the gold market is sniffing that out?

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21 sats \ 0 replies \ @GhostofTruth OP 20 Oct 2023

Thanks for following. It's a great experience to me as tech- analphabet.

Yes, Gold seems to get it right. Watch energy prices and bonds in addition.

My base case for the upcoming years is energy inflation and credit deflation (contraction).

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