China has recently come out with their digital Yuan. A few American companies that are located in Chian have started to use this new digital currency. We are on the cusp of something major. Historically, there appears to be a pattern that the global reserve currency is replaced roughly between every 30-40 years. Nixon, in 1971 removed the gold standard and about 30 years before the USD become the global reserve currency.
In 2009, during the great recession, China had suggested removing the USD as the global reserve. However, they were not positioned as they are now to make such recommendations. Back in 09, China was the largest holder of USD financial assets. As the world's biggest economy, China can now capitalize on the USD demise. The beast from the east has risen.
Bitcoin was created in 2009 as a solution to our current financial issues. With its creation, came a new system that too solved issues pertaining to the internet-Blockchain. Coincidences do not exist in my eyes. The elusive Satoshi Nakamoto knew exactly what he or she was/is doing. A few years later a platform coupled with a new cryptocurrency came into existence with the goal to become one of the new global currency reverses; that is Ripple and XRP. This platform allows for instantaneous global remittances. The future is here...It is time for the old ways to die and make way for the new.
Well, we have an asteroid flying by April 29th 2020 so...I mean, just touch the ankles and let "it" happen.
ReplyDeleteHA. Good thing it is suppose to fly by and not hit.
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