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0 sats \ 2 replies \ @Solomonsatoshi 16 Mar \ parent \ on: Trump’s False Tariff “Fairness” Argument econ
Trump is arguably trying 1 and 2, via tariffs which both raise revenue and reduce imports while encouraging domestic producers.
DOGE is also supposedly reducing expenditure as is requiring traditional allies to be more self reliance militarily.
3- concede defeat as the British did post WW2 and enable the transfer of hegemony in a manner as to preserve some of your wealth and power while accepting the age of US exceptionalism, is over...
Bitcoin is probably relevant here as a unique form of liquidity, wealth and capital free of any nation state dependency.
Bitcoin is probably relevant here as a unique form of liquidity, wealth and capital free of any nation state dependency.
That's why it's amazing!
As far as #3 goes, that's exactly what Richard Wolf says.
If you haven't seen it it's a great watch. I'll check out the spider's web too...
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Yes I watched the Wolff video and largely agree with what he says.
Spiders Web is relevant to how declining empire of Great Britain preserved some of its wealth and financial system privilege.
Originally it was the British military who gained the Hong Kong territory lease thus positioning of British banks in Hong Kong which enabled British imperialism to gain access to Chinese markets and subjugate Chinese sovereignty as a result of The Opium Wars.
The Chinese have not forgotten the dual importance and strategic alignment of banking and military.
Today hundreds of CCP nominees are positioned within the HSBC and China via Hong Kong is reverse engineering the global trade payments banking protocols.
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