My major in college was WWII history. Totalitarian takeover has been an interest of mine forever. So silver just went down 25% in the “free market” west while in Shanghai it goes up.
In business there’s something called “arbitrage” where that gap would immediately be filled with trade. It’s basically free money.
This didn’t happen. So what we most likely just saw is economic bifurcation.
The grabblers that own the politicians just saw their imminent collapse, so they are now just going to price fix. What happens next?
If it “works” then a massive black market opens up and America becomes Soviet Russia. Centralized control of price of everything. Not as bad as it sounds. Free trade is one of the causes of mass migration. A central control of all markets has its benefits.
The drawback in this situation is that it’s a very small insular “nation” that will be controlling markets for the benefit of “the nation” which isn’t us.
They want you guys on a crypto ledger which is why you can see the bitbots in full force.
Again, not the end of the world. It’s just the economic standard of living will fall and the level of cognitive dissonance will sky rocket.