I think China is experiencing Hyper-Collapse, and Hyper-Growth at the same time.
The Difference between America, and China, is that America has sabotaged Creative High IQ White Men, and caused Societal Decay with Inflation.
Whereas China's Massive Economic Boom was a byproduct of copying American produced goods but now because America is no longer producing Original Ideas anymore China can't create new ideas because China's cultural, social, legal, and financial system doesn't reward creative thinking, China is a hivemind, strict regimented collectivist thinking.
Whereas America, at least historically had a cultural, social, legal, and economic system which allowed individuals to try new, dangerous, unpredictable, stupid, and controversial ideas to both societies benefit, and detriment.
China does not takes these risks, they believe in the predictable, and know, the true, tested, and reliable.
America runs on Coffee, Duck Tape, and saying screw it, I'll try anyways.
But that's changing slowly now, The American Man has been effectively Nuetred by Society thus destroying his purpose, and reason to exist, and innovate.
China doesn't innovate they copy.
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What do you say about fiat dying and being replaced by Bitcoin and how does it relate to the WHYTE MAN and China
I do not think Bitcoin will replace fiat in all honesty, at least not immediately, I think it will take teaching the younger generation how to use it in order for it to be normalized.
it will. money is a winner take all zero sum game. the more bitcoin goes up the weaker the dollar gets. it all accelerates too due to network effect
China's biggest issue is the super charged societal impact of the one child policy and the impending population collapse.
The masses are too stupid to understand crypto.
What will happen is that inflation will increase at a higher and higher rate. The pain will increase faster and faster. More bank closures. At the same time, the ux will get easier and easier. For example, look at square enabling Bitcoin payments for everyone on their POS terminals. Now I can just spend Btc without converting to fiat.
Then imagine what happens when we are able to get paid directly to Bitcoin wallets. The payroll is next thing that needs to have the circle Closed. There are still accounting barriers for this.