The trade war is deepening between the US and China risking a systemically dangerous situation for the global economy. Does Bitcoin stand to benefit big time?
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Oh, Lark, one point. China is internationally a "creditor" nation; however, according to The Daily Reckoning, (Agora Financial), China has a 'doo-ddoo load' of risky, irresponsible domestic debt --- factory startups, failures, and those huge, untenanted concrete CITIES built, expecting people to migrate in from the farms....remember?
Crypto Lark, right, a slow down on both sides. It's not good economic policy, when everything in this World s so interwoven and interdependent now! There are no winners. We could get a global recession + debt collapse with that global 247 trillion of global debt, requiring cash-flow, income flow...... Bitcoin would be the safe haven? ;)
Bitcoin maybe hit but dollar inflation may look like it benefits BTC value.that said an international currency like BTC will always be more stable than national currencies. Obviously all in BTC maturity. It is difficult to forecast anything tbh XD
"Trade war" really ? How can you tell if btc goes up because of that ooooor because the US is printing money like a drunken sailor with no plan on stopping and the Democrats want to spend more money than the entire world has on the Green New Deal. Update the info man.... Mexico gave in to prevent tariffs. If the US had any sense at all they would buy btc xrp eth ltc by the billions to make the USD stay relevant......
I have been a long time follower and believer in the Q anon Movement. Its obvious to me that Trump is Fighting a monster that wants global control. That Monster is/are the Central Banks. Trump was the first Foreign Leader to dine in China's Forbidden City since Modern China formed. Its a Big deal. Xi, Trump, Putin and Shinzo are working with each other to starve the Central Banker Beast. For some reason the Presidents dont want to Tell everyone, "leave the Dollar behind, get on the Crypto Currency wagon". If Trump were to tell people to get into Bitcoin, a certain percentage of people would rather chop their hand off instead. The Central bankers were shifting the economic engines into China and trying to leave America behind just like how they did to Europe into America after World War 2. I believe Trump and Xi are working together for a better world future. The China knows if they dont help trump defeat the central bankers, china wouldn't be able to do it on their own either.
And I heard Mexico has backed down and submitted to Trump's proposed deal. Its clear to me, Trump Hits these countries with a stick(tariffs) then says, "Hey, do this for me and I will reverse these tariffs. And the dumb politicians on the otherside fall for it every time. hilarious really. And all the investors get scared and look for safe havens. Hopefully they find Cryptos.
But lastly, it seems evident to me, Trump wants to tear down the Bush Dynasty that was being carried out by the Clintons and Obama. Trump doesn't give a shit about the Petrodollar. Trump wants a Crypto Economy. And the world is shifting in that direction.
Cooler heads will not prevail. Trump and his minions get crazier with everyday. And when the mob in the US begins to suffer, they will come looking to steal wealth of us early adopters in the form of draconian tax policy. Yes it is us BTC investors that the public will call on to fund college for everyone and healthcare for everyone as well as all the other hair brained entitlement programs the US has promised its citizenry. My 2 Sats on this, hide your BTC in cold storage and make every attempt to keep yourself anonymous...that means dont report anything you do with your crypto to any govt agency and avoid KYC/AML like the plague!!!
@The Crypto Lark It raises their gdp and reduces the debt to gdp ratio. So they can crank out more debt. They are known world wide for manipulation and lies . Some estimate their debt to gdp at 6 to 1. Our real debt to gdp is probably 3 to1. They are buying gold hand over fist because they are in serious trouble. Whole world system is going to collapse .Dont worry they will have an answer for this mess they created. IMF has special drawing rights. We can be world debt slaves.
I can help but notice your poster about assange. I read his story just yesterday and the letter he wrote from prison. My heart aches. This why i have alot of respect for you Lark you are not afraid to speak your mind. Thank you for another interesting video ❤️
There is so much fake news out there. Its like the rich really don't want normal people to buy Bitcoin as there are fake scare news story slating bitcoin. If only they scratched the surface and did some research.
This is the kind of thing people in the crypto space need to be more aware of. How world geopolitics and the old petro-dollar based economy will effect crypto markets. I believe crypto markets are the new economy that will replace the old one. I think it's been in the works for a while. Bitcoin was invented just after the last financial crisis. That is no accident.
Yes I do begin to wonder as terrible as it sounds that maybe a economic collapse is required to elevate crypto. Having said that I will lose a ton of money in the process that I can only hope would be more than countered with crypto ha!
Yes China is probably more prone to burst into war than the US. Remember, they are a communist party. And their constitutional priority is simply to preserve the communist party. Just like the Tiananmen Square massacre, they will sacrifice their people to preserve the CCP power. They can push the trade war as hard as they like.
Because they are not democratic, it will be more emotional on their end. Like Russia, they hate the US now and will definitely be working out how to stop supporting the USD with their Rusky buddies.
You can imagine what happens to BTC when the USD eventually starts to decline.
Hodl hodl hodl.
Lark is the real deal. Other YouTubers seriously need to take a note. This is how it's done. No hype, no clickbait, no stupid bs....just solid, good information...educating people. There is small handful out there that are credible sources...Lark is at the top of that list.
China cant afford not to have Americans not buy their cheap crap it's not like we could have Vitanam Indonesia or the Philippines to manufacture our products.And they have a much larger debt problem than we do
this more-than-trade war definitely will push bitcoin price higher, but not as high as the moon. bitcoin's mooning will only happen when the whole world's mindset turns from gold to bitcoin when people think about store of value. my two satoshis.
Great video, Lark, greatly informative. I think your videos of you speaking from the heart and from what you know,( and that's a lot), are way better than the ones where you read. Believe in yourself, you're brilliant and we're lucky to have you.
“America’s militarism and financial tyranny?” Be fair. What is your solution for the huge trade deficit with China? Just started listening to your channel and I’m enjoying it. Just encouraging you to stay balanced.
You're forgetting the actual war potential of putting that much money into the military. The US isn't focused on trade wars. It's focused on real wars. The US is perpetually at war. That's how it actually maintains dominance for its corporations. By bullying the world with the threat of war.
@HowboutThese i use my head and can see where it is going. there is something that happens in the not too distant future that suddenly makes everyone lose interest in it all at once and it never returns to its former glory.
Gold currently at ATH against AUD. US is really letting her close allies in Asia down (🇰🇷🇯🇵🇦🇺), badly. Not sure if US citizens realise the damage being done to its allies. It may work but at what cost - you’ll lose all your friends 😓. Here in Australia we know how China works much better than you do (we are part of Asia, you are not, and have very close relationships with major Asian nations eg Indonesia). They will wait this out and have the internal authority to take hits to make the US look bad, with the virtual certainty that their leadership won’t change (they use democracy against democracies all over the region all the time). They have prepared for this for over a decade knowing that the US with all its power and might does not have the democratic consent to outlast them. They will likely assume right. However, long live the ultimate hedge against all this - Bitcoin!
Mexico's economy will collapse with high tariffs. Trumps action is designed to get Mexico to tighten their southern border and stop the flow of migrants to the US. It's working, Mexico is talking. All will be well shortly.
The trade war between the US and China isn't all bad. Economies that China almost killed are reviving. On the other topic, it's not only bitcoin. When bitcoin gets too expensive, people will look into other crypty. Maybe bitcoin will be the crypto of the wealthy, but others will be the crypto of the average person. I think, most of top 10 crypto are going to boom.
Agree with @Stevan ~ instead of all the (boring) TA and screens of wiggly green and red lines, you're giving serious commentary.
Have you offered your journalistic skills to any newspaper / RT / Bloomberg? (maybe the latter a bit optimistic 😂)
Talking of ‘flying to the moon’, big news from Portugal that major famous European soccer team Benfica will be accepting Bitcoin payments for ticket sales.
Benfica have appeared in 10 European Finals - link overleaf - top show and info again👍
I appreciate and agree with your geopolitical views. Your understanding of the big picture surrounding bitcoin and other crypto makes you an icon in my opinion. This is the final inning of the global fiat banking experiment.
Yo! what do you think the fallout will be on Chinese crypto?
I have had a self imposed ban on Chinese crypto for a year now. But nice outside info Lark. Also, big ups for the free courses for newbies, OG Lark showing the love. Good job brah.
@1/1024 I'm a Commie? Or are you acting like an actual Trump NPC as implied by your avatar? Trump is a hardcore ZlONlST and lSREAI has sold out the USA for China & Russia long ago. Trumps J-ish grandchildren sing Chinese songs to the President of China on holidays. If you haven't at least considered this, then you don't know shit.
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