Latest / Simply Bitcoin / China’s Playing Chess, America’s Playing Monopoly | What happens Next? | Bitcoin Simply

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China’s Playing Chess, America’s Playing Monopoly | What happens Next? | Bitcoin Simply · Simply Bitcoin

• 0:00
  Breaking news, U.S. Treasury Secretary Scott Besson
• 0:02
  just said in an interview that China is ready to make a deal
• 0:06
  with the United States. And markets have responded
• 0:08
  positively with the US saying that they're not going to impose
• 0:11
  100% tariffs on China starting November 1st and China is going
• 0:15
  to delay its rare earth metal export for 12 months to re
• 0:18
  examine its relationship. Despite what people say, I don't
• 0:21
  believe that this is weakness on China's part.
• 0:23
  It's actually dominance. Here's why.
• 0:26
  China's one of the largest buyers of our Treasuries, and
• 0:28
  their U.S. Treasury reserves have been
• 0:30
  taking a dive harder than Terry Rozier.
• 0:39
  Yikes. And it gets worse.
• 0:41
  China holds the keys to our most critical industries, like US
• 0:44
  auto plants, which are getting ready to shut down if they don't
• 0:47
  get more chips from China. And you know where the supply
• 0:49
  chain runs? Straight through Beijing.
• 0:52
  Meanwhile, other nations are admitting that America's
• 0:54
  dominance as the sole global power is running out in a
• 0:57
  shocking interview. Singapore's Prime Minister
• 1:00
  Lawrence Wong said that we are entering into a multipolar world
• 1:04
  in turbulent times are ahead with 38 trillion in debt.
• 1:07
  The gig is up. China's been playing chess while
• 1:09
  we've been stuck playing Monopoly.
• 1:11
  But can Scott Besson and Donald Trump act quickly enough to save
• 1:15
  America from its woes? We'll see.
• 1:17
  Let's see what happens next. This is Dante Koch with Bitcoin.
• 1:19
  Simply, let's go. Bitcoin is up to 113 K today,
• 1:27
  and it's likely responding to the news that China and the US
• 1:30
  have reached a deal. We're going to avoid the rare
• 1:32
  earth metal export bans, and we're also going to avoid the
• 1:35
  100% tariffs that we're going to go on China on November 1st.
• 1:38
  Here's what Scott Besson and Donald Trump had to say about
• 1:41
  the potential deals that we have with them.
• 1:42
  President Trump gave me a great deal of negotiating leverage
• 1:47
  with the threat of the 100% tariffs on November 1st.
• 1:51
  And I believe we've reached a very substantial and work that
• 1:55
  will avoid that and allow us to discuss many other things with
• 2:00
  the Chinese. I think we will be able to
• 2:03
  discuss them and helping us get this terrible fentanyl crisis
• 2:07
  under control. I think we are going to be able
• 2:10
  to discuss substantial soybean and AG purchases for our
• 2:15
  American farmers. I think we are going to be able
• 2:18
  to discuss more balanced trade. And, and I'm not going to get
• 2:22
  ahead of the two leaders, but I think that they will also be
• 2:26
  discussing President Trump's global peace plan that he's been
• 2:32
  so successful at both here in Asia, the Middle East, and now
• 2:37
  he's looking to Ukraine, Russia. I think we're going to do well
• 2:40
  with China. I think we're going to have a
• 2:41
  deal with China. We meet, as you know, in South
• 2:44
  Korea with President Xi. I think we'll have a a good deal
• 2:48
  with China and they want to make a deal and we want to make a
• 2:51
  deal. And while this sounds good on
• 2:52
  the surface, what we're seeing is the restructuring of the
• 2:55
  global financial order. the US was the sole global power and
• 2:58
  now we're moving into a multi polar world with the US and
• 3:01
  China sitting at the top. For the first time in modern
• 3:04
  history, the United States isn't making all the rules, and the
• 3:07
  turbulence that is now being felt is this shifting in power
• 3:10
  and more turbulence is to be expected.
• 3:12
  We are certainly in the midst of a great transition to a multi
• 3:16
  polar world, a post American order and a multipolar world.
• 3:21
  No one can tell how the transition will unfold, but
• 3:24
  there is no doubt it will be messy and unpredictable because
• 3:28
  America is stepping back from its role as global insurer.
• 3:32
  But there is no other country that's able to or willing to
• 3:36
  fill the vacuum. So we are in an uncomfortable
• 3:39
  position where the old rules do not apply anymore, but the new
• 3:44
  ones have not been written and we must brace ourselves for more
• 3:47
  turbulence ahead. Over the last 40 years, while
• 3:50
  the United States has been printing fake Monopoly money on
• 3:52
  its board, China has been playing chess in building the
• 3:55
  manufacturing capability and the supply chain capability to
• 3:59
  supply the world with all of its needs.
• 4:01
  The turbulence that Lawrence Wong speaks about is not only
• 4:03
  for countries like Singapore, but for people like you and me.
• 4:06
  He said that no one's been willing to step up and fill the
• 4:08
  vacuum. But clearly China has been
• 4:10
  wanting to step up. And This is why we don't want to
• 4:12
  make a deal with China, but we need to make a deal with China.
• 4:15
  When you're sitting on 38 trillion dollars worth of debt
• 4:17
  and your largest creditor is dumping your U.S.
• 4:19
  Treasuries in the open market for gold, while you've got some
• 4:22
  decisions to make. The auto sector would crumble if
• 4:24
  we didn't have the support from China In China, knowing that we
• 4:28
  need their help, has been removing themselves from the
• 4:30
  dollar system. the US dollar has actually been surpassed by the
• 4:33
  yuan in cross-border trade settlement with China.
• 4:36
  The yuan share went from 0% of its market to 53% since 2010.
• 4:40
  And you know what also started happening in 2010?
• 4:42
  Central bankers started buying gold and gold en masse.
• 4:45
  And that's that's because they knew the US financial system
• 4:47
  could no longer be trusted. And the major ringleader of gold
• 4:50
  purchases around the world has been none other than China.
• 4:53
  Their physical gold ownership has risen by 25 X this year
• 4:57
  alone. This isn't diversification from
• 4:59
  the dollar. This is prepping for a global
• 5:01
  takeover. With the US pulling out of
• 5:03
  global markets, the rest of the world realizes that it's on
• 5:06
  borrowed time and borrowed money.
• 5:07
  And that's why this next print is going to be one for the ages.
• 5:10
  So far in 2025, eighty 2% of central bankers have been
• 5:14
  cutting rates. In fact, it's been done 312
• 5:16
  times. The total global debt is 338
• 5:19
  trillion, with the global M2 money supply up to 123 trillion,
• 5:23
  with supply up by 14 trillion this year alone, almost 12%.
• 5:26
  And you can expect the number of cuts to be added this week as
• 5:30
  the central Bank of Canada and the United States make central
• 5:34
  bank decisions on rates on Wednesday, with the ECB in the
• 5:37
  Bank of Japan following on Thursday.
• 5:39
  The markets are predicting a 25 basis point rate cut at 97%.
• 5:42
  So with the US knowing that its power is fading globally, with
• 5:45
  China stepping up to fill the vacuum as the other global
• 5:48
  superpower in a multipolar world, the US realizes that it
• 5:51
  has to extend its U.S. dollar system behind the back of China.
• 5:55
  It can't go through the front door.
• 5:57
  It has to create a new market entirely.
• 5:58
  And that's exactly why the United States is rushing to
• 6:01
  create the crypto capital of the world.
• 6:04
  That's why the Trump CFTC chair Michael Selig says that the
• 6:07
  United States is going to be the global leader in crypto.
• 6:10
  This is out of necessity. And the United States is going
• 6:13
  to say, if you don't want our access, if you don't our
• 6:16
  markets, if you don't want our controls, then you can
• 6:19
  unsubscribe. And you're also not going to get
• 6:21
  dollars. You're also not going to get
• 6:22
  access to global markets. Is that, is that true?
• 6:25
  Does that apply to the rulemaking process that you guys
• 6:28
  would have to go through? Are you aware of that?
• 6:30
  Yeah. So the goal is deregulation.
• 6:32
  The goal is, is kind of making the United States the crypto
• 6:36
  capital of the world and also the best place to do business in
• 6:39
  the world. And, and part of what adds
• 6:41
  burden to operating a business or engaging in commerce, right,
• 6:45
  are these regulations and sometimes they're very
• 6:47
  duplicative, sometimes they're unnecessary.
• 6:49
  I mean, I think our, our chairman most recently talking
• 6:52
  about a, a, a form, a form PF mentioned that, you know, we
• 6:55
  should have the minimum amount of disclosures necessary.
• 6:59
  You shouldn't be imposing additional burdens where it's
• 7:03
  not needed. And so we're certainly taking a
• 7:05
  hard look in line with the President's directive to make
• 7:09
  sure that all of our regulations are what's necessary, no more
• 7:13
  than what's necessary. And I think that's really the
• 7:16
  idea. There are some administrative
• 7:18
  requirements due to this executive order around
• 7:22
  deregulatory versus regulatory, and that's something that the
• 7:25
  Commission must consider when it issues new rules and kind of
• 7:29
  what it can take off the table. People underestimate the impact
• 7:32
  that this is going to have on Bitcoin because when the rails
• 7:34
  of this new digital crypto based system get in place, well,
• 7:38
  people are going to be able to cut you off and cut other
• 7:40
  countries off from access to money in financial capital.
• 7:43
  Some people still call Bitcoin a scam.
• 7:45
  That's until they're one of the 42 million people whose bank
• 7:48
  assets were seized by the Iranian government.
• 7:50
  People have tried to withdraw their money and they go, you
• 7:53
  can't. What about the HMRC bank in the
• 7:56
  UK beginning to take people's assets as a way to cover its tax
• 8:00
  liabilities? That's much easier and simpler
• 8:03
  in a crypto based system run on stable coins controlled by the
• 8:07
  US government. And while this is happening for
• 8:09
  people in these scenarios, it's going to begin to happen for
• 8:11
  countries in the global scenario with the United States taking
• 8:15
  over and owning the crypto rails.
• 8:17
  And This is why Bitcoin will be adopted.
• 8:20
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  As we've seen with the US and China, the country or the people
• 9:47
  who are able to understand real assets, the ability to
• 9:50
  manufacture, that understand industrial processes, that have
• 9:54
  the control over supply chains are going to be the winners in
• 9:56
  the real world, not the people who can manipulate the world
• 9:59
  with monopoly money. Yeah, I, I think, I think it's
• 10:02
  quite amazing and I believe it will make it easier to invest in
• 10:07
  American companies if you're outside the world.
• 10:10
  It will also bring the markets into 24/7 and fully on chain and
• 10:15
  get all the benefits that crypto technology levies on these
• 10:20
  traditional asset. So I think it's time to move
• 10:22
  beyond Bitcoin and meme coins into real world assets that
• 10:26
  exhibit fundamental utility. Because eventually this isn't a
• 10:30
  board with pieces that don't react back when you start to
• 10:33
  demand rents and price increases on the rents while these pieces,
• 10:37
  real people are going to speak out.
• 10:38
  And when you go to pass, go and collect $200, well, if $200
• 10:43
  isn't enough, you're going to start to see riots in the
• 10:45
  street. And that's exactly what happens
• 10:47
  as tail as old as time, all across the world, the global
• 10:51
  order is being shaken. And we're not making deals with
• 10:53
  China because we have the leverage.
• 10:54
  It's because we need to. We rely on them and they rely on
• 10:58
  us. There's no two ways about it.
• 10:59
  But the scales are definitely tipped into their favor with
• 11:02
  rare earths controlling the majority of our defense and all
• 11:05
  of the things that we need to build our future industries,
• 11:07
  whether it's AI, whether it's solar technology, or whether
• 11:10
  it's electric cars, we need rare earths and we need their supply
• 11:14
  chain and manufacturing capability to do it.
• 11:16
  In a world that's running less and less on trust, we're going
• 11:18
  to need a currency and asset, a collateral that can work and
• 11:22
  operate trustlessly. And in my mind, that's Bitcoin.
• 11:26
  What do you think? If you haven't already got your
• 11:27
  tickets down to the Mining Disrupt conference, I sound like
• 11:30
  a broken record. I would highly encourage you to
• 11:32
  do so. We're moving in in November and
• 11:34
  time is running out. But if you still haven't already
• 11:36
  done so, use the promo code Simply Bitcoin for 20% off your
• 11:40
  tickets. This is Dante Cook with Bitcoin.
• 11:42
  Simply Happy Stacking.