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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (176377)	8/15/2021 5:54:50 AM
From: maceng2	Respond to of 217716

<<Bonanza.>> Well, in any enterprising outfit, the most important person you need to trust is the cook. And the Chinese were a significant part of opening up the West in the 19th century. 'Forgotten by society' – how Chinese migrants built the transcontinental railroad \| Art \| The Guardian There are lots of cyber railroads to build, and I am sure China and the Chinese will be making a significant contribution. India also, holds the central ground in the world of software. In my last years before retirement, scrabbling around for work in Scotland (not an easy thing to do) I worked in a call center for a major international software/hardware company. Working nightshift helping NZ and Australia get service for Hardware and Software breakdowns, usually big important server stuff. Most entertaining and educational -g- The business had been outsourced to India, but got bounced back for some unusual reason. I used to talk to a lot of Indian guys, in India, on software issues. They do rule the roost more or less. Hardware is different. Usually we were talking about an unknown or an interaction between the Hardware / Software. . One significant conversation, a call was put through to the wrong department. ... It happens in the best of places. "Hello, my laptop has a problem..." "Hi, I think you might have been passed to the wrong person. OK, and you are?" "It's Richard here" I recognised the voice, and didn't ask the next obvious question. Sure enough, I passed the call to the correct place. It was during that employment I realized how big Australia was. Looking at a screen map sometimes the conversation was like this. "Oh I can see a suitably qualified contractor for you system nearby you, and is available on an immediate basis. ummm. He can be on site in ummm.... three days. Is that OK? Australians can be prickly as dissatisfied customers, and the NZers not much different. Just hoping the UK and the USA will be in a position to make a contribution to the big new world of Crypto, if they get out of the Covid mess. No jokes, I am happy with CSPR, and Silver. My Ag, being the best conductor of electricity, may heat up a bit during the next CME, but hopefully the coins wont melt, they look so pretty as they are. Disclosure: I do hold a position in CSPR and looking to buy more.

To: TobagoJack who wrote (176377)	8/15/2021 8:56:07 AM
From: carranza2	Respond to of 217716

Of the three reasons Ferguson proposes for the post-1971 USD hegemony (ability to sanction, curable inflation, and increased USD utility), which remain? I’d argue all of them. But I’d add a fourth. Financial innovation led by US banks which, of course, deal in USD. And a fifth. The booming illegal drug market which is conducted mostly in USD. We’ll know there is trouble for the USD when the most liquid, least regulated, most entrepreneurial/capitalistic, and totally untaxed market in the world starts to reject the USD. Yes, the illegal drug market is the canary in the mine. When drug lords embrace crypto (not national digital currencies) and begin to reject USD, we’ll know things have changed. They won’t because they’ll fear that crypto is not as anonymous as suggested. And, if it is as anonymous as suggested, who will they be able to trust with identifying info? In an organization such as a cartel, traceable cash is key for financial management. Crypto might facilitate transactions but is no good internally. In 2003, the illegal drug trade accounted for about 1% of global GDP. It is almost certainly a higher percentage now. cicad.oas.org The odds that the USD will continue to be the currency of choice in the drug trade are very, very high. Illegal drug trade will definitely support continued USD hegemony. National digital currencies have zero chance of success in this field and crypto has very little too.