China's Ban on Crypto is a sign of bigger things to come.... war
This article will have quite alot in it and I will attempt to summarise a few key points of the current political, geopolitical and economic issues China is currently experiencing and what's to come. Hold onto your hats because it's a scary time a head.
By now you heard that China has clarified with its people that Cryptocurrency of all kinds are now Illegal in China Source. But cryptocurrency isn't the only thing that China has outlawed in its nation with the Authoritarian government expanding illegal activities to include boy bands, video games just to name a few. It has also rewritten school curriculum to teach young kids about war and imbed a united thought or world view.
Beyond just outlawing video games China is pushing all new games to include masculine men in an attempt to instill the view that men a warriors Source There's a reason for this, we'll get to it soon.
Make no mistake that China's move to ban Cryptocurrency is due to the nation about to fall into an economic crisis and with it, so to the social unrest and famine it will bring.
China is implementing many Authoritarian policies to get ahead of its looming financial collapse. As the Evergrande collapse is only what's visible from the outside world many of China's companies are collapsing and China's ban on Cryptocurrency is to ensure China retains its money and not have its citizens trading US dollars Source
The Evergrande Collapse will trigger chronic economic stress and halt its expansion as the nation begins to crumble economically, but China does see one clear way out and it means danger for the rest of us.
China has been expanding in the South China Sea and in the Pacific region, it makes no hesitation in declaring it wants Taiwan and still perceives Taiwan as its territory.
Taiwan has never officially succeeded from the Chinese mainland despite Taiwan being a separate nation. If Taiwan was to declare its independence from China, this would be a trigger for China to invade which it plans on doing either way.
Taiwan is a wealthy nation and is ranked 4th for global net wealth and produces 60% of the globes microchips which aren't just used in video games and IT equipment but also in military applications, globally. The tiny Eastern Asian nation is important to global stability and military powers around the world which is why the globe is watching closely. But it also puts it at risk of invasion by China as China faces economic collapse. China perceives Taiwan as its territory and it wants its cash reserves, infact it is China's only option to ensure the entire country doesn't collapse Source
COVID 19 Source
As the world grappled with COVID19 China expanded its Inter Continental Ballistic Missile (ICBM) program which now houses over 147 possible nuclear silos.
This is obviously due to the reason that it was preparing for global rage once information got out that China caused the COVID19 virus with reports suggesting it was a science experiment on bats that China applied for funding from the US but the US declined to fund due to the risks involved Source
China decided to advance its research and test its engineered virus which as we all know escaped the Wuhan lab and has decimated countries all across the world killing Millions of people.
This very instance can be declared an act of war and there are going to be millions of people and hundreds of countries wanting retribution for the murder of their loved ones due to the science experiment.
The Chinese Government went to extreme lengths to conceal the truth with what's been reported as killing their top scientists who worked on the project and going as far as blaming Australia for manufacturing the virus and delivering it through beef exports.
This stance destroyed international relationships between Australia and China with Australian military leaders and politicians stating "The drums of war are beating Source
China anticipated that Australia would buckle due to our tiny nation and our reliance on China as our largest trading partner, but Australians are not to be underestimated with the next move emerging from Australia being the establishment of AUKUS the defence pact between the Australia, US and the UK which has seen the US share its Nuclear Sub program with Australia Source
This is a vital step in Australia's self defence as China does have the world's strongest Navy second to the US Air craft carriers.
An all out war with China will depend on Allies being able to sink the Chinese Navy, which can only be done by the use of US Nuclear Submarines which has seen China rage in anger.
China has confirmed it will Nuke Australia and the attack at this stage is a real threat as China can not penetrate the US it will show its might on their allies with Australia being the target.
A mainland Nuclear attack might be off the cards but a very real possibility of a strike in the ocean off Australia's east coast would cause a Tsunami that could take out a number of Australian cities.
China's handling of its take back of Hong Kong has seen it violate the Sino-British declaration agreed upon by the UK and China in 1997 that set significant expectations on China and how it will manage Hong Kong, to say the UK has been made to look weak for not enforcing the agreement is an understatement and the Brits are angered at China's disregard of the agreement which has seen them participate in the joint defence pact Source
It is very likely that China will infact invade Taiwan in the coming months/years as it grapples its own financial crisis. But Taiwan is backed by Japan, Australia and the US which the US has a defence agreement with and will not back off from.
This will be the trigger for a global war as we are likely to see North Korea enter and Russia's involvement is unclear as it has suffered heavy losses due to COVID19 and economic crisis. Which will potentially see Russia not entre the fray, Putin can not defend the nation that killed his people, Putin is a man of the Russian people and would stand with them, but it is still unclear and Russia has not entered the debate.
However, China does have a risk to its west within the Subcontinent which saw millions of their people succumb to COVID19 and the nation burned bodies in the streets.
The Subcontinent has not been warm to China for a very long time and once the confirmation of COVID19 being released from China is confirmed, the first Nuclear strike could potentially come from the Subcontinent to China.
A war in the midst of economic collapse and social and political unrest within China will not be one Beijing will emerge victorious from. That's even before Europe strikes as many European nations at the G7 summit were seeking a stern response from the US to China and it was Trump that calmed the waters, but Europe awaits on the side lines and if emotions in Europe who have suffered heavy losses due to COVID are anything to go by, they will be seeking the removal of the CCP and will undoubtedly throw force at the nation to do so.
A war in the Asian region will have devastating impacts to the billions of people that reside in the region and its not one we hope to see. But the ball is in China's court and as it continues to breach Taiwan sovereignty tempers flare.
At this stage, the Middle East is unaccounted for and uncertainty resides of where its alliance is.
COVID19 and the Taiwan geopolitical issues have all the markings of World War 3 and our potential of the last war as things become nuclear.
If you have time I'd recommend watching this insightful piece on rising tensions.
Stay safe, stay strong and let's hope it doesn't manifest in war.
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