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0 sats \ 0 replies \ @Solomonsatoshi 1 Apr \ on: The BBC bitcoin
Entertaining commentary on the decline of USA and the rise of China.
In summary, China has won the trade war and USA continues to hope that complex financial system gymnastics leveraged upon its legacy institutional and protocols hegemony can somehow delay the inevitable.
US insolvency.
USA kicking the can down the road, for how much longer.
Another 60 years of chronic and growing trade deficits?
Nope, maybe another 5 or 6, at most...
Bitcoin certainly appears to be a good hedge in these circumstances but ultimately it is a bet where you are punting on the downfall of western civilisation and its global hegemony.