China Says NO to US Debt!!! Looming Market Crash & Mass Adoption of Cryptocurrency
Reports today indicated that China is going to stop buying US debt, which has started a 'firesale' in bonds causing a major dip in the market.
Could this be the beginning of the big market collapse we have all been waiting for?
If this happens, and the US dollar sees rapid inflation, there is a good chance the market will experience mass adoption of cryptocurrency.
Will people start burning dollars as heat source like in the market crash of 1929?
Will the Federal Reserve start buying all of the debt by printing trillions of dollars - essentially killing the dollar as we know it?... Or will 'they' Trump up and release a new Fed Coin and fork the US economy to catch up to the new digital currency era?
Welcome to the decentralized future!
Some thoughts here from Greg: https://t.co/3x41kMQguV
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During the boom years of the 1990s, globalization emerged as the most significant development in our national life. With NAFTA and the Internet and big-box stores selling cheap goods from China, the line between national and international began to blur.