Bye Bye Small Hats!

     Just like the sun rises in the east at the dawn of a new day, China, too, is rising at the dawn of a new age. Even the most casual observer is starting to notice China's economic growth. They were the only major country to experience economic growth during Covud lockdowns:

BEIJING—China’s economy expanded by 2.3% in 2020, roaring back from a historic contraction in the early months of the year to become the only major world economy to grow in what was a pandemic-ravaged year.

    Their soft power became apparent when the NBA bent the knee to China's demands. The NBA didn't want to lose access to the largest middle class. Now, Hollywood is going through something similar:

As Fenton and others have shown, Hollywood is generally terrified of offending Beijing, for a few key reasons. First the market is increasingly lucrative, meaning there is a lot to be gained by getting your films into China. At the same time, however, the CCP is deeply sensitive, so it’s very easy for studios and actors to get on their bad side, which can result in total blacklisting and the consequential loss of profits. It’s also very easy to violate the CCP’s content standards, which can cut a film off from a huge chunk of profits at the Chinese box office.

    What is often overlooked, is that China has been here longer than a couple of years. This started decades ago. Free trade propaganda presents the illusion that to make cheaper goods we have to ship production overseas, so China capitalized on American's greed. But, with the economic collapse coming to America the wealthy are trying to jump ship. This group is made of people that wear very small hats and claim to be chosen by God.

    China knows their tricks and wants nothing to do with them. So, say bye-bye to the small hats and hello Chinamen. 

Digital Dollar

The United States dollar is dead as we know it. Credit cards reduce spending limits; savings accounts have no withdrawal limits. Our government is currently putting a bandage on its vertical slit wrist. Many people will join American's economic grave. The greatest depression is manifesting before our eyes.

The world is always changing because we are consistently improving our perception of reality. Yet, with each advancement comes a new battle. We have reached heights as a civilization that have never been seen. Fake prosperity and selfishness have distorted our vision, but the two shadows casting "reality" have been exposed.  It should be more than clear that crypto will reign supreme. Why wouldn't it? It checks all four necessary boxes that the united states dollar doesn't: 

1. Durable- the medium of exchange must not weather, fall apart, or become unusable. It must be able to stand the test of time.
2. Portable- relative to its size, it must be easily moveable and hold a large amount of universal value relative to its size.
3. Divisible- should be relatively easy to separate and put back together without ruining its basic characteristics.
4. Intrinsically Valuable- should be valuable in of itself, and its value should be totally independent of any other object. Essentially, the item must be rare.

 Bitcoin, Xrp, and Litecoin are just three examples of a cryptocurrency that fulfill all four boxes. Hence, why I have been calling cryptocurrencies the new safe haven or precious metal. Educate yourself and prepare for this paradigm shift.

Trump Becomes Sugar Daddy?

Steve Mnunich states it was his idea to put Trump's name on the stimulus checks most of us have received. This worked to win over voters and temporally placate the masses. However, with millions of Americans losing their jobs every week, a mere $1,200 check sent out one time can only do so much. Therefore, two democrats have proposed a new bill that would give middle-class Americans $2,000 every month for a year:

$2,000 Monthly Stimulus Check Eligibility:

• Every American age 16 and older making less than $130,000 annually would receive at least $2,000 per month.
• Married couples earning less than $260,000 would receive at least $4,000 per month.
• Qualifying families with children will receive an additional $500 per child – for up to three children.
• Those who had no earnings, were unemployed, or are currently unemployed would also be eligible for the stimulus even if they didn’t file a tax return.
• Those who were not eligible in 2019 or 2018 but would be eligible in 2020, could submit at least two consecutive months of paychecks to verify income eligibility.

Despite Andrew Yang's failed presidential campaign its chief idea has started to gain a foothold on the political scene-UBI. I have said this before. President Trump will more than likely use Yang's idea to garner support from his now "enemies." 

The question one must ask now is how much will this affect Americans' actual wealth? I.e. how will this affect prices on goods and services? Also, will this pave the way for digital currency? If so, that could mean negative interest rates will hit your checking account. History shows us that fiat currency always collapses, and the American dollar's demise is already written on the walls. However, if this passes, it would be wise to spend that government check on precious metals and cryptocurrency. 

Trump The New Fed Chairman

Nationalization of US finance markets are becoming a reality. Also, the potential for the US to create a digital dollar has become a topic of discussion at the highest levels. Change is coming; post covid-19 America will operate significantly different than the one we presently know.

President Trump has felt that the stock market should have been much higher than it was by at least 10,000 points, and the fed was to blame. However, with this plan to nationalize parts of the financial market Trump essentially usurps Chairman Powell. Could this mean that we plan portions of our economy mimicking the Chinese economic system? After all, Neoliberalism has proven to be more destructive than helpful. It’s time for us to stop acting like a maid for the world and rather focus on getting our house in order. The age of America First is here to stay (hopefully).

Safe Haven turned Prison

Banks, at least for my generation, have been thought of as a safe haven to store your cash. This makes perfect sense considering the risk one takes by storing their cash at one's house. Therefore, it is prudent to give these large institutions one's money; who in return, use that money to let others borrow, and the interest rate on that money is how they make money. However, economic downturns cause people to withdraw their money due to ambiguity surrounding the bank's longevity. Disregarding the convenience aspect of depositing Trump bucks directly into one's bank account, this, in my opinion, is a tool the government is using to prolong a run on banks. Trump buck's will be nothing but numbers on a screen that will never materialize into tangible cash. Big brother is always there to help out its younger siblings. Hence the rapid spike in the stock market. Remember the government is not your savior; their survival is contingent upon submission.