pull down to refresh
0 sats \ 8 replies \ @Solomonsatoshi OP 17h \ parent \ on: End of dollar era? China’s digital yuan is causing global monetary power shift news
You continue to make assertions without any credible fact based or reasoned support for those assertions.
It is rather tragic.
You leap from asserting that Bitcoin Standard is inevitable, to asserting China is about to collapse.
Such absurd baseless assertions only identify you as someone who cannot deal with reality.
I do not like the prospect of China becoming increasingly dominant but I do acknowledge the facts and evidence that show this is happening.
USA cannot last very long without the Chinese supply chains it is addicted to.
Trump cannot end the war in Ukraine- Russia now sells its oil and gas to China and does not need the USA.
Saudi Aramco has signed up to Chinas mBridge trade payments protocol and is already selling oil denominated in Yuan.
The petrodollar is dying, dying, dead.
Some Americans are naturally in denial as its not a great prospect to see that the global wealth and resource hegemony you enjoyed and squandered since WW2, looks like its over.
Bitcoin may serve to preserve some of your wealth but it is very unlikely to emerge as the dominant means of exchange globally when China is diametrically opposed to Bitcoin as a MoE and China has already won the trade war.
All nations now need to trade with China or suffer significant economic disadvantage- this reality is what you cannot yet accept- no hurry, take your time.
All nations now need to trade with China or suffer significant economic disadvantage- this reality is what you cannot yet accept- no hurry, take your time.
来讲讲天安门事件吧
reply
Again you fail to put forward a convincing rebuttal or refutation- now you just parrot what I have said while also failing completely to credibly refute what I have said.
Your 'Lets talk about Tainanmen Square' in simplified Chinese does not actually make any logical argument refuting what I have said about Chinas domination of global trade and supply chains...and the fact that all nations must now trade with China or suffer considerable economic disadvantage.
I could equally refer to the USAs many moral failings, slavery, torture via 'extraordinary renditions' 'lets talk about Guantomino' - interventions, sabotage, drone attacks and war upon the governments of other nations etc, but it would be equally irrelevant and fail to address the issues raised.
reply
China has already won the trade war.
Source???
Can you even criticize Xi in your country??
reply
I am in New Zealand and say what I like.
China has won the trade war-
Evidence-
USA cannot build much at all anymore -its corporates off-shored manufacturing over the last 3-4 decades.
Even Musks Teslas are largely Made in China! Just some are 'assembled' in USA.
BYD builds EV batteries at half the cost Tesla can.
BYD sells more EVs and Tesla cannot compete- that's why Musk is supporting Trump to protect Tesla from Chinese imports via tariffs. Crony Capitalism 101.
Plus USAs $37 Trillion debt and the fact that it cannot sell USTs as more and more buyers move away from USTs.
USA faces imminent insolvency.
Plus the fact that Trump has already backpeddled substantially upon his trade sanctions buffonery re China- USA is fucked without Chinese supply chains...just wait and see who wins the tariffs standoff.
Just study how China already enables trade payments for Iran, Russia and others and how mBridge looks like it will finish of whats left of the petrodollar that USA is insolvent without.
Plus the fact that Trump cannot end the Ukraine war as he promised he would 'within 24 hours' Trump is shown to be a blustering buffon loser.
Russia has sided with China and USA is losing the petrodollar it is addicted to.
China is standing up to his threats and I wager any sum you like that USA will lose the tariffs standoff.
reply
Ok, I understand your strong patriotism.
reply
You fail to make any credible reasoned argument.
I am not arguing from a patriotic point of view but from a neutral sense of simply recognising what is happening.
Denying reality as you appear to be doing is not in any sense patriotic.
It is just kind of sad really.