CHINA NOW CONTROLS BITCOIN (AND THAT’S JUST THE BEGINNING)

Americans have had it good for a long time. Since the end of WWII, it has been a privilege to be an American. Since the United States took over the Global Reserve Currency from Britain in 1944 at Bretton Woods, life couldn’t be better for an American. When you have a license to print money that everyone else in the world must use, you can do a lot of things the rest of the world can’t do.
You can create the biggest, baddest military in history. Your culture can flourish with the latest technology in automobiles, computers, sports, media, and Hollywood. You can create, in essence, the world’s most dominant empire since the Romans. For Americans, that’s generally a good thing. Not knowing what real inflation is like (the rest of the world gets that), or to have the indignity of a foreign military base built in your cities because the ruling American empire feels like it. These are things the privileged American has never had to know. Alas, all good things must come to an end. There’s a new global empire growing. It’s been slowly changing the world for the last fifty years. And now, it’s about ready to change everything forever.
The Era of the Red Dragon Begins China, up until about 50 years ago, was a small-time player on a global scale. They have had legendary wars with Japan, but they did not have any real influence over global markets of commerce. Long story short, their ability to manufacture goods of high quality at low prices, almost exclusive land rights to mine the critical ‘Rare Earth Elements’ (The secret ingredients that make your hybrid, cellphone, and laptop so epic), and create economies of scale in food production and manufacturing has begun to bear fruit. China is now the world’s largest economy, and given their population is four times that of the U. S., there is more where that came from.

This post was published at Crypto Coins News on March 12, 2015.