Cryptocurrencies & Looming Trade War

WILL BITCOIN AND ALTCOINS BECOME SOONER THAN EXPECTED THE ONLY OPTION BOTH FOR PEOPLE TO KEEP THEIR LIFE SAVINGS, AND COUNTRIES TO SALVAGE THEIR MONETARY RESERVES?


China holds $1.17 trillion of U.S. government debt. If there is a trade war, China could swiftly reduce its U.S. debt holdings as a political weapon against the Trump administration tariffs proposal. If that happens, the dollar could fall and other countries could follow suit and sell their holdings. At that point, cryptoassets (Bitcoin, Litecoin, etc. ) will become the only realistic alternative.

Comments

Post a Comment

Popular posts from this blog

Hitler’s Circle Of Evil: A Great Documentary to Watch

If you still think that Nazism was a bolt from the blue and that Hitler and his gang were parachuted from another planet, think again. Watch Hitler’s Circle Of Evil to learn how Nazism has grown deep through the German democratic institutions with significant financial support by the usual "hidden hands" to become one of the major nightmares of the XX century that left behind 55 million dead. This documentary is a crucial wake-up call for those wishful thinkers who still dream that the US, and more in general the Western democracies, are vaccinated against such a risk. Just carefully watch the documentary then try to put in perspective many US administrations since the end of World War II, in particular the current Trump's administration. You would be damn surprised to find out that Germany indeed lost the war but Nazism as ideology in its deepest criminal plans continued to our days...underneath... and that it can reappear publicly on the political scene anytime. The Cor...
Read more

Biden-Harris vs Trump-Pence: Where Are We Headed?

Image
I believe that we must distinguish between two analytical levels: Reporting on the facts and tactics used by the parties involved, on the one hand, and lasting and strategic consequences for the US political system, on the other. Regarding tactics, the situation is quite dynamic, and legal specialists are essentially divided on what the American Constitution would allow, especially regarding the legal loopholes that Trump's supporters would like or simply could use to try to reverse the situation on the ground. A likely and highly risky scenario for the Biden-Harris ticket is that Trump's campaign operatives could be able to force the adoption of what is established by the Amendment 12 of the US Constitution whereby the states through their members in Congress will choose the president and vice-president based on one vote per state. Most probably all of this would result inevitably in a victory for the Republican side as they control the majority of St ate delegations in Congre...
Read more

California Wildfires: Is this all about climate change?

Image
Golden State Burning The short answer is a big NO! A longer one needs a few more words. There is currently an overall consensus that the electrical lines running above ground are the main culprit of several of the ongoing disastrous wildfires across the Golden State. According to Wikipedia, the state of California has 26,000 miles of high voltage transmission lines, and 240,000 miles of distribution lines. Distribution lines bring electricity directly to homes: Around 66% of them statewide are above ground. That is a dramatic picture indeed. 66% of California's statewide distribution lines are above ground. For transmission lines, the cost of under-grounding is about $80 million per mile while for distribution lines, the same expense is about $3 million per mile. All that compared to overhead lines at about $800,000 per mile. The state's largest utility, PG&E, has 107,000 miles of distribution lines, 81,000 miles of which are overhead. The cost to convert all of PG&E...
Read more