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WHY HAS CHINA BECOME SO ANTI-BTC?

Discussion in 'The Kruse Longevity Center' started by Jack Kruse, Jun 21, 2021.

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  1. Jack Kruse

    Jack Kruse Administrator

    With every new flood or outbreak of swine fever or variant, creation pushes the PRC draws closer to lashing out. They are the only superpower in the world that right now is struggling to feed itself. It is also going through a massive credit crunch.
     
    GavinH, JanSz and John Schumacher like this.
  2. Jack Kruse

    Jack Kruse Administrator

    CCP just announced to BTC is now considered a virtual property and cannot be used as currency in China
     
    caroline, John Schumacher and JanSz like this.
  3. Jack Kruse

    Jack Kruse Administrator

    This is why China banned BTC.

    [​IMG]

    If China does not give on the importation of Australian coal the southern region of China will continue to see constrained power availability, reducing export volumes especially from Shenzhen’s ports = supply chain issues in US rise = more inflation. Not deflation as most believe.

    China imports about 10% of its annual thermal coal needs; of this, Australia was close to 70% of the total prior to the mid-2020 embargo. It's going to be cold in China and the supply chains are broken a lot longer than most think. Macro effects are not priced in yet traders.

    Smuggling supplies of coal from North Korea is also not a scalable solution for the CCP given how small NK reserves are and how large a deficit China has. Their reserves are close to zero right now.

    Global supply chain on the brink of collapse as cargo ships face 4-WEEK wait at US ports https://trib.al/PEeE9Wz

    China's power crunch overturning people's daily lives: blackouts, shops using candlelight to stay open, people trapped in elevators... But the drivers of the crisis aren't entirely unique to China...the world is reckoning with a bumpy transition to clean energy. cough.
     
  4. Jack Kruse

    Jack Kruse Administrator

    caroline, GavinH and JanSz like this.
  5. Jack Kruse

    Jack Kruse Administrator

  6. Jack Kruse

    Jack Kruse Administrator

    Remember what I said in BTC #4
     
    John Schumacher and ND Hauf like this.
  7. Jack Kruse

    Jack Kruse Administrator

    The crucial differences between the USA and the CCP are not biological. They are cultural.

    My China worry grows: China to ease banks' mortgage limits for the rest of the year -BBG = They are also increasing MBS issuance to avoid loan cap limits. I understand why they are doing this but they are simply digging a deeper hole at this point = global CDS risk is rising = US bond market risk is rising.

     
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