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9 sats \ 1 reply \ @freetx 8h \ parent \ on: Bitcoiners have Somehow, Unfortunately, Lost the Plot bitcoin
Again, we have already been doing this for 60+ years. All exponential curves eventually steer towards infinite increases....and this is just where we currently are in that curve.
I'm suggesting a continuation of the same just at a slightly enhanced rate. In fact, this is the "mainstream solution".
China is already conducting a growing proportion of its international trade via channels outside of the USD and US institutional oversight.
These transactions are not recorded in the data the IMF and SWIFT report because they are not being transacted upon the IMF/SWIFT/World Bank channels.
China is building its new tertiary economic protocols and infrastructure independent of US hegemony while the US is distracted and divided within and blind to what China is building.
China is reverse engineering the global trade payments banking network via Hong Kong.
China has won the trade war and is now gradually introducing monetary hegemony over international trade that logically follows global trade domination.
Without the liquidity, interest payments and seigniorage the US derives from USD hegemony the US government is very swiftly insolvent.
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