As The China Crisis Deepens, It’s Clear That The Globalists Are Losing
The anti-globalist right has taken control of the Swedish parliament, which is a very good sign for individualism and decentralized governance.“Fed Watch” is a macro podcast, true to bitcoin’s rebel nature. In each episode, we question mainstream and Bitcoin narratives by examining current events in macro from across the globe, with an emphasis on central banks and currencies.In this episode, CK and I get down and dirty in the August consumer price index (CPI) data, some shocking Chinese economic data and we talk about the bitcoin and ether price.Watch This Episode On YouTube Or....
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Recent reports from China indicate there may be more to the Bitcoin ban than meets the eye. According to the Financial Times (FT) the Chinese banking system is in crisis which could explain the Bitcoin ban in China. Chinese citizens seem to be running away from their own banking system in droves and their Government is closing the escape paths - including Bitcoin. During the run up of bitcoin in November you could watch the CNY currency leaking from China on sites like www.fiatleak.org and there was a breathtaking amount of Chinese currency leaking into BTC. The over night Repo rate is a....
China’s sovereign currency, the yuan, has slid significantly in value during the last few months as it has shed 8% against the U.S. dollar during the first half of 2022. China’s fiat currency is currently the weakest it has been against the U.S. dollar in roughly two years. Amid the depreciating yuan, China is suffering from a significant real estate crisis as the overextended Chinese housing sector has been collapsing.
China’s Yuan Slides to a 2-Year Low Against the US Dollar, PBOC Slashes Rates to Bolster Liquidity
The global economy is not looking great....