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The CCP is overrated too

1. No western country will ever want to adopt the Yuan as their primary currency. Dalio is delusional in this respect.

2. Their aging demographics are startlingly difficult to overcome. Far more challenging than those of the US or Europe.

3. Their real estate bubble is ready to burst, and there aren’t many other asset classes for Chinese citizens to legally store their wealth, as Chinese stocks are also part of the CCP

4. They lack entrepreneurial spirit post Jack Ma silencing. Who would strive to become a tech billionaire now?

The CCP’s best days are behind it. Tick tock. #Bitcoin

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Discussion

threeseries 2y ago

Maybe. There's also the risk that other countries start to import the technocratic tyranny that China is perfecting.

Alan ₿ 2y ago

True. However, tyrants have a habit of fighting amongst themselves to decide who will be the ultimate tyrant.

Freedom minded individuals tend to stick together

ShiShi21m 2y ago

The East is riddled with this already.

The Arab League is a shit show dick swinging contest of who can chop off hands better with >400m people living there.

Iran, Afghanistan & Pakistan don't even fall under that,

India is an absolute mess of a country ruled by the few for the few - lookup farmer suicides, the 2016 money changing debacle, and people born with deformities.

Africa is a disaster for the most part,

Singapore has no freedom of press,

Russia lol,

Australia lol,

Chilidem 2y ago

So everything is fucked then no matter how this pans out?

Alan ₿ 2y ago

Not true. Bitcoin will liberate all, Americans, Chinese, and all people worldwide.

Getting through this transition may be tough though. It was always going to be tough. That’s ok

Chilidem 2y ago

I mean I'm prepared if that's the case, but I don't exactly want to live in a collapsing society.

Alan ₿ 2y ago

Nor do I. The fact that the collapse of fiat and rise of Bitcoin are happening simultaneously will ease the transition greatly. Without Bitcoin, we’d be looking at another world war scenario. Instead we are mainly experiencing memetic warfare only. This is good

spot 2y ago

Soon clashes will be coming from the inside.

Captain Sarahtoshi Nakamoto 2y ago

I’m also thinking about the freedom to create, in the US. Obstacles will always be overcome so long as great minds are allowed to build. That is, if we don’t cripple their spirit with overwhelming governmental restrictions.

Red_Eye_Jedi 2y ago

Agree 100%. This is their last hurrah.

eb83184c... 2y ago

Yea, if anything this split in currency dominance only exposes monetarily privileged westerners to the realities of what having a "good money" means. Its one last hurrah for imperialists in Russia and China, they are in as deep of shit as us.