[7 / 4 / ?]
Quoted By: >>11328256
'So, China is the largest investor in Africa. Chinese suppliers start demanding payment in BITCOIN instead of fiat (already happening). China no longer trades in the USD In African countries. Africa starts moving away fro EURO and USD as security against local currency devaluation. Switches to crypto. Hard to do business in Africa with anything but yuan or crypto...
...Skip to Argentina, one of the largest untapped fossil fuel reserves in Shale oil. Is having a huge economic crisis, and then restricts access to the USD. Already beginning to switch heavily to BITCOIN. Has a HUGE reserve of USD in the private and public population. They have no way to exploit their Shale Oil reserve because they do not have the means, and outside investors find it too risky with the nationalization of so many industries. Here comes China, willing to fork over billions to build the infrastructure... oh, but hey, sorry, they don't take USD anymore, and they have a say in how the oil is traded.
Suddenly an oil-back currency has lost the backing of one of the largest, and expanding oil-exporting countries, and one that they have traditionally been on good terms with. In the midst of this, and suddenly finding that commodities from both Africa, and increasingly, South America can only be purchased in Crypto, the word economy, especially the US does a giant nose dive. Not to mention that those countries holding large portions of US debt, like China and Saudi will sell off the debt at pennies on the dollar, collapsing it even further.
Chinese Navy finds a way to devastate a large portion of Pacific Fleet, undermining the umbrella of protection that is their other main influence other than the USD, and suddenly China finds themselves uncontested.
...Skip to Argentina, one of the largest untapped fossil fuel reserves in Shale oil. Is having a huge economic crisis, and then restricts access to the USD. Already beginning to switch heavily to BITCOIN. Has a HUGE reserve of USD in the private and public population. They have no way to exploit their Shale Oil reserve because they do not have the means, and outside investors find it too risky with the nationalization of so many industries. Here comes China, willing to fork over billions to build the infrastructure... oh, but hey, sorry, they don't take USD anymore, and they have a say in how the oil is traded.
Suddenly an oil-back currency has lost the backing of one of the largest, and expanding oil-exporting countries, and one that they have traditionally been on good terms with. In the midst of this, and suddenly finding that commodities from both Africa, and increasingly, South America can only be purchased in Crypto, the word economy, especially the US does a giant nose dive. Not to mention that those countries holding large portions of US debt, like China and Saudi will sell off the debt at pennies on the dollar, collapsing it even further.
Chinese Navy finds a way to devastate a large portion of Pacific Fleet, undermining the umbrella of protection that is their other main influence other than the USD, and suddenly China finds themselves uncontested.
