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.

 

CCP just announced to BTC is now considered a virtual property and cannot be used as currency in China

 

This is why China banned BTC.



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.

 

Even MSM are beginning to see why the CCP had to ban BTC mining. https://www.latimes.com/world-natio...-power-shortage-energy-coal-climate?_amp=true

 

While American debates decoupling, China is decoupling
https://www.defenseone.com/ideas/2021/10/how-china-planning-tech-decoupling/186029/

 

Remember what I said in BTC #4

 

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.

 

oday's amazing fact from China: China's central bank has injected almost 1 trillion yuan into the financial system in eight days. Yep, a trillion bucks. Probably nothing. Probably something people in BTC rooms will just brush aside.

 

Two years ago, China accounted for roughly 75% of all the computing power that went into mining Bitcoin. Now that number is down to zero. Authoritarians hate hard money that creates time a freedom for people.

 

CCP is facing full on recession depression now as their banking and real estate contagion that is now unleashed. https://twitter.com/michaelxpettis/status/1469306695675351040

 

Anti-BTC = CBDC = Beijing's tech champions like Huawei are willing accomplices of its surveillance state. The information age in which we live will only exacerbate the security threat. Democracies should continue to put their foot down on Chinese telecoms.https://thedispatch.com/p/chinas-telecom-giants-are-a-threat

 

https://twitter.com/BaldingsWorld/status/1483218493138952193

 

CHINA'S CHINEXT TECH INDEX is imploding tonight. It has entered a bear market territory with this drop.

 

The CCP has no more people left. We just took away all their tech future. So Xi is going to become Mao/Hitler.


I think they will avoid war because this will ruin their demographics even quicker. In my opinion right now China is uninvestible now. I think the USA will pull away from China in a big way here no matter who is president in the USA or who controls congress.