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Ansel Lindner Profile picture
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May 6 • 5 tweets • 2 min read
Our latest #Fed Watch episode focused on #China, is now prophetic. China's problems were taken to the next level today, with a stark warning about zero-covid and dissent. 1/6
Reuters: "In the latest ratcheting up of restrictions, Beijing authorities on Friday said all non-essential services in its biggest district Chaoyang, home to embassies and large offices, would shut. Mass testing will also resume in at least four districts over the weekend." /2
"After a meeting of the highest decision-making body, the Standing Committee of the Communist Party's politburo, state media reported late on Thursday that China would fight any comment or action that distorted, doubted or repudiated its COVID policy." /3
Reuters article: archive.ph/IF1lu
Dissent is spreading in China. Xi's response is to clench his fist. But China won't grow their way out of this one like the past. They are a rapidly aging, middle-income country, with a massive collapsing credit bubble. This expansionary chapter of China's history is over. /5

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More from @AnselLindner

Ansel Lindner Profile picture
Oct 25, 2021
You make it sound like they're solvent and the US isn't. In fact, they have all those assets (China the most), yet somehow are in worse credit shape!?

Square that circle.
The fact is the US doesn't export dollars, they export a rules based international system which has enabled everyone to run up a nasty credit card bill (denominated mostly in USD).
Think of it like a kid running up a credit card bill because daddy cosigned on it. The kid has a job, but still owes way more than they can reasonably afford. Unless kiddo gets to roll it over.

Now, all of sudden dad doesn't want to cosign anymore. Uh oh.
Read 4 tweets
Ansel Lindner Profile picture
Oct 23, 2021
Should I Buy #Bitcoin Now?

"I bet you have heard this question in the last week. I can't tell you how many friends and family contacted me over the years asking this exact question. Happens every time during big news events and breaking the ATH. 1/
2/ "Since I've struggled for years finding the most concise and convincing way to answer this question, I thought you might be in the same boat. That's why I wanted to write a few of my thoughts about this perennial problem for bitcoiners.
3/ "You might be thinking, 'My friend or family mbr is finally starting to think there is something to this. I have to seal the deal and convince them.' BTC has a way of triggering that evangelical impulse in all of us; we want to share what we know and help those we care about.
Read 12 tweets
Ansel Lindner Profile picture
Apr 30, 2020
"Future global trade needs a super-sovereign currency system under which no single country has the power to freeze the international assets of another country" - Wang Zhenying, President the Shanghai Gold Exchange
reuters.com/article/us-chi…
“It is a weapon for the U.S., but a source of insecurity for other countries,”

“The currency the world ultimately chooses for global trade must not be one that gives someone privilege, while exposing others to insecurity.” - Wang
The kicker,
"Wang did not explain how the new currency could work, but said it must be adapted to a post-pandemic world, in which he said economic and political power would be more evenly spread."
Read 8 tweets
Ansel Lindner Profile picture
Apr 29, 2020
The Eurodollar system was built by banks for banks to service international trade and settlement in dollars.

It grew to unknown $trillions.

Then in 2008, banks started to step back and slowly decrease lending in it. It's never fully recovered.

Now this.
The Eurodollar system is failing and along with it international trade and settlement will grind to a halt.

The end of Bretton Woods was smooth, because the eurodollar system was already ubiquitous.

Now there's no easy and ready transition.
Some will say gold, but how? There's no system set up currently for gold to take on this role. It would take years to get something in place and back to recent levels of economic activity.
Read 6 tweets
Ansel Lindner Profile picture
Mar 28, 2019
The @BitwiseInvest piece about fake volume is going to have far reaching effects in this space. It might take a few months to sink in, but it will soon enough. #bitcoin

Cool site that shows the fall out of volume. openmarketcap.com/exchanges/diff…
#Ethereum's volume is less than 10% of #bitcoin's, instead of 50%. That's a large difference that will affect all eth based tokens as well.
#Ripple $XRP's volume is another 70% lower than Ethereum's.
Read 4 tweets
Ansel Lindner Profile picture
Feb 12, 2019
A new bug found in Constantinople, again.

"A new bug in ethereum’s Constantinople upgrade has been found at the last minute, with it affecting a limited number of smart contracts that utilize self-destruct."

trustnodes.com/2019/02/12/aug…
Jason Carver, a developer at the Ethereum Foundation (EF), says a new feature called Create2 can allow a developer to replace the self-destructed contract and thus change the rules.
This could be a quiet attempt at resurrecting the Parity funds, still locked in a contract due to the self-destruction of a library.

“If we implement State fee proposal 2 as it is, it will allow resurrection of Parity multisig library, I suspect,” - Alexey Akhunov
Read 4 tweets

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