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RE: Governments Are Scared Of Cryptocurrency

in LeoFinance3 years ago

I don't know if you are interested to read this, but I will anyway leave this here.

https://www.noemamag.com/how-china-avoided-soviet-style-collapse

The thing is that the party has support from the vast majority and most of the people think that a) west is evil b) other countries are trying to attack their culture c) they don't know about the problems as you do not read or hear about it. People get wealthier all the time and life is much better than 20 years ago.

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Interesting… I truly cheer for the Chinese people. However, I think the entire world including the west are going to have to contend with the concept of State and money. An unchecked State apparatus with unlimited spending power can be a dangerous thing as it pertains to freedom and liberty. Sadly, the legacy system will go through some much needed changes that may cause some disruptions. And although the Chinese may be better off today much of the legacy system is interconnected. Suffice it say the financial problems that existed in 2009 still remain. :)

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