Trade war is not a new phenomena. Once developed countries gave slogan of free trade when they were in the position to sell their goods to the under developed countries and now when underdeveloped countries like China has become global hub of export, they are becoming protectionists. So, this is nothing more than conflict of interests. Everyone wants to grind his own axes. Nobody care for the welfare of this world. As far as cryptocurrencies are concerned, it won't make a much impact on global economy because share of cryptos is not significant to make any impression on world economy.
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good morning @akdx
Trade war on such a scale is absolutely something new. I cannot think of any other trade war between 2 biggest economic partners, where both are completly depending on each other.
I agree. Im still wondering how this conflict of interest will play out and how will it affect crypto. Interesting times we're living in.
Dont you think that many investors will run away from usd to crypto or other assets?
Thanks for your great comment.
Only time will tell. However, is not looks at present that cryptos are going to replace fiats. Crypto price is not stable till now.
Absolutely I agree with you @akdx
Traditional banking system didn't replace cash. And crypto will not replace fiat either.
ps.
you're very responsive which is absolutely great and steemit community surely will benefit by having you here.
if you would ever like to keep in touch and support each other closer, then drop me a message [email protected].
This will allow us to communicate easier.
No pressure of course,
Cheers, Piotr
akdx The US is a totalitarian dictatorship. China - Communism and Freedom. There is a confrontation between the remaining ideology of slavery under the capitalists. And Freedom and equality of communism. Communism is inevitable. This is a new stage in the development of humanism.
The trade war is only part of the asberg. There is a confrontation between the concentration camps of the US death: Guantanamo, Iraq, Afghanistan, Yemen, Syria, Libya. Support for terrorists IGIL.
And the Free World of Equal Rights is China. Even if the United States now defeats communism, it will eventually win, perhaps in 100 or 1000 years.
I think capitalism and communism both are misconceptions. Both work for the powerful people. Nothing can change the fate of humanity till man become an ethical animal.
To draw such conclusions, you must know something about communism. Do not say a word of propaganda. Study the question and draw conclusions.
I know just one thing-"Power corrupt and absolute power corrupt absolutely." this also happens with communism. Once it was depicted as the rule of proletariat but what happened all over the world? What is happening in China? Can one still say that China is a communist state?