Sunday, May 23, 2021

Nowhere to run and nowhere to hide.

CoinMarketCap and Coindesk, (click here) online resources for finding the price of cryptocurrencies, have gone down.

The websites’ crash comes amid another crash of cryptocurrency values; bitcoin, ethereum, and other digital currencies dropped dramatically in the wake of a coming Chinese crackdown on the use and trading of virtual currencies.

You guys got to be kidding me, right? China wants to replace the USA dollar as the standard currency in the world. That isn't going to happen just because Donald Trump occupied the White House for four years. The guy needed a place to live while the prosecutors took a real look at his scheming and dreaming. So, Barr said there is no way anyone is coming near Donald John Trump. What could be better?

But, seriously, and this is something I have been thinking and saying intermittently about the communists, they copy everything the USA does in a mimic, like the space shot to Mars. Trump give that away, too, when no one was looking?

But, the killer coronavirus that caused a global pandemic didn't exactly add to China's sovereign value. China does not have the value to it's currency and/or it's a sovereign place in the world that promotes confidence in changing major global currency. 

Russia is no different. It is hanging anyone that actually wants to give democracy a chance. That is not exactly instilling confidence in the Ruble. So what does Putin do instead of giving peace and prosperity a chance? He decides to try to use the internet to cause chaos in democracies around the world.

Hm.

Let's see. Merkle is still heading up Germany. Although I am not crazy about conservatives, they are still running 10 Downing Street, Macron is still trying to get the French to realize he did a heck of a job against the lousy virus. And he did.

And low and behold, the prize in Putin's cyberwar is no longer in the White House and President Joe Biden is restoring the USA stronger and better than before. Joe is awesome. I have little to criticize.

So, this whole "cryptocurrency thing" gave Wall Street something to toy with while the entire world stood still for nearly a year, but, it really isn't going anywhere in the real sense of the word.