The New Safe Haven

For the past few years, China has been embracing the new world of finance. After all, they have been attempting to improve the infrastructure of the world. By now, everyone knows about Bitcoin and some know about Blockchain.Many countries have begun to adopt this new technology. America, however, has been slow to act when it comes to the crypto scene, but that may be changing.  The leader of tomorrow nyst work to adjust and improve their financial foundation. Ladies and gentlemen the war of this generation will be fought digitally resulting in a paradigm shift.

As of March 26th Brian Brooks, a former Fannie Mae executive and former CLO of Coinbase, has accepted the position of COO at the U.S Office of the Comptroller of Currency. This is a clear indication that the US is preparing their entrance into the world of digital currency. My guess is that Coinbase will gain access to the US market with their new Visa card based on current trends.

Timing is everything, and China appears to be positioning itself to jump in at the right time. Two days before Brooks accepted the position, China grew closer to their goal of releasing the digital Yuan.  Many "private" companies in China have completed the groundwork for a digital currency. This is the new Cold War.

The currency of tomorrow will likely be hybrid: digital coupled with physical; i.e.  a form of cryptocurrency backed by physical gold and silver. Despite our delayed start we still have time.

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.