Aug 4, 2021
In this episode of Bitcoin Magazine’s Fed Watch podcast, hosts Christian Keroles and Ansel Lindner review Ansel’s latest article What Caused the Mid-Cycle Bitcoin Price Correction and then do a tour of recent central bank news from around the world. We also hit on the future of China, North America, and the 4th Turning.
The situation developing in China is highly concerning. First they ban mining, then they ban US IPOs, they have been cracking down on technology companies effectively nationalizing them, and the latest news is the crackdown on video games as “spiritual opium”. If you place this in the context of the recession, the aggressive dealing with Hong Kong and the Uyghurs, and deglobalization, it might be the beginning of the end for the CCP. It’s important to remember the speed with which the Soviet Union collapsed. One year academic experts were still claiming the Soviets were about to take over the world, the next they fall apart. The same could happen to the CCP.
We often fall into a geopolitical discussion, and this episode is no different in that regard. We wrap up the show by talking about what the future holds for the US, China, and the global economy.
Once again, a very entertaining show. You get a dose of central bank news in a broad global context, which today must include a heavy concern for bitcoin.
Written by Ansel Lindner