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We are a failing nation. We are a nation in decline. And now these radical left lunatics want to interfere with our elections by using law enforcement. It’s totally corrupt and we can’t let it happen
Donald Trump
I don't usually buy into the bullshit surrounding elections, that's just not my thing. When it comes to Donald Trump, I'm pretty neutral. Personally, I believe RFK would have done a better job than him in the White House. And as for Joe Biden, well, in my opinion, he's the worst president the US has ever had...
Now, I do believe in what Trump refers to as the "deep state" (source: Zero Hedge), but I'm not falling for his election propaganda. Let's face it, he won't be able to abolish the deep state that easily. It's called "deep" for a reason. However, I must admit, the man is onto something. America does feel like it's spiraling out of control.
To be honest, there's more nonsense going on over there than in my own country. Take, for example, this tweet from The Department of Justice celebrating LGBTQI+. Look, if the world had embraced LGBTQI+ for centuries, we'd probably have less than a billion people on this planet because gay people don't give birth...
But maybe that's the plan—to completely screw everything up, manipulate the younger generation, and destroy their minds with all the bullshit promoted by the mainstream media, which, surprise surprise, is owned by the deep state. I mean, they wouldn't call it "deep" for nothing, right?
The emergence of BRICS poses a threat to the strength of the dollar. Russia is selling oil for yuan and rubles, and here we have America kicking the crypto industry out of its own borders. How lovely... Way to go, old Uncle Sam, shooting yourself in the foot before someone else gets the chance.
You know what else made the news today, highlighting just how unbelievably stupid (or maybe intentionally malicious) the leaders of America are when it comes to cracking down on crypto? A Chinese bank, BOCI, has officially issued the country's first tokenized security on the Ethereum blockchain.
It's ironic how China banned mining within its borders, and yet America was eagerly welcoming miners with open arms. Now, it seems like while America is stifling crypto innovation, China is leaning more towards adoption and progress.
UBS announced that the tokenized notes from which it originated have been issued to clients in Hong Kong.
BOCI is the first bank in China to issue tokenized securities in the country. Moreover, it has issued “CNH 200 million fully digital structured notes,” to its clients. Subsequently, the new security was brought forth through collaboration between BOCI and UBS.
The UBS project has made its way to the Asian Pacific, as the two parties developed the offering for Chinese clients. Indeed, UBS issued a USD 50 million tokenized fixed-rate note in 2022. Preempting the developments taking place with BOCI and its Chinese customers.
In reality, for us active WEB3 users, these tokenized securities don't mean anything. We are far ahead of such development, but I can not oversee how America is basically shooting itself in the foot right now and throwing the crypto ball to China for the punch.
What do you think?
Thanks for your attention,
