The mighty US military. lol
American Economics Thread
- Thread starter Bernard
- Start date
But of course they will, they really got to stop claim human rights though since one of these days, as the what boy who cried wolf has shown, there will be consequences
they know the jig is up, they've know it since Sept 2019
I think it's just a matter of time before whole world goes digital.
When every nation has their own block chain based currency and settlements between nations happen on a metablockchain and it's federated like SMTP (email) where I can send email from Yahoo to your Yandex email and Yandex can send to protonmail or Gmail etc there is no more need for one global reserve currency....
Petrodollar was really the US holding world's oil hostage ("protection" of OPEC) in exchange for the mafia hegemon tax/usurp after Fort Knox turned up empty of gold bars
Amerikkka plan is to use it's sanction power and chokehold of semiconductors as the new OPEC in the digital age and it's US military for coups to back it up in force...
For China and mankind's sake it better not work
In this regard China's semiconductor independence has a lot more riding on it than just Chinese tech Ascension. In this regard Huawei may be the savior of all humankind... It's not the hero the world deserves but it's the hero the world needs
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The interesting thing is how the value of the new currencies is to be calculated. Money historically is based on human activity of the consciouss transform of matter aka workmanship. Anything else is pure metaphysics and speculations like fiat money, financial instruments(lol) , stock markets and modern economics in general. Bitcoin and other cryptos are just speculation bubbles based on...what exactly?I wonder how many NVIDIA and AMD gpu's are used for mining at the moment. Also do not forget how the prices of graphic cards skyrocketed after mining got viral.
It doesn't really seem to solve any problems as best as I can tell either. I can already purchase goods anonymously and electronically.
China not gonna save America this time unlike 2008
China can’t even if it wants to this time. All major economies are heavily in debt.
The traditional way most large eCONomies solve the debt problem is to Grow themselves out of the ditch, thats mathematically impossible now that global energy supplies are peaking... even a mere slowdown will mean sure collapse of pyramid scheme. Europes lost decade? EU is never coming back. In the shrinking zerosum pie the only way China can keep growing is if America is forced to lower their unfair living standards... the days of 5% population consuming 50% resources must come to end