Marty's Ƀent - September 3rd, 2021 - Issue #1070

Friday, September 3rd 2021 - Issue #1070

A canary in the coal mine out of China?

Here's something to keep your eyes on as we head into the Fall; China's real estate development market and whether or not it collapses under an avalanche of debt and defaults. As you can see above, the price of bonds issued by the largest developer in China - and thus the world - has been cratering since May. It seems that the combination of a debt fueled artificial expansion of real estate in China and a global economic slow down is beginning to materially affect the notoriously opaque development market in China.

Considering how interconnected the global economy is, it seems like it would be a good idea to pay attention to this particular chart as it seems like it could be the canary in the coal mine that is warning about a potential contagion event. Supply chains are already extremely strained in the wake of the forced shutdown of economies across the world in reaction to COVID. It is hard to imagine supply chains getting any worse at the moment, but if China suffers a real estate led economic downturn similar to what the US experienced in 2008, it could add a considerable amount of fuel to the fire and kick off a similar global financial crisis.

Talk about a kick swift to the dick while lying down. Hopefully this trend somehow reverses and the Chinese real estate behemoth is able to stabilize itself. With that being said, I would not hold my breath for this outcome. It's likely that the CCP/PBOC will step in to attempt to save the day with some good ole fashioned money printing. We all know this will only make the long-term systemic issues much worse.

The world is currently being bogged down by a chronic addiction to debt and money printing that is allowing zombie companies to survive, which enables the continued misallocation of capital. The more governments and central banks step in to save these inept companies, the worse things are going to be in the long run. At this juncture in history, the governments and central banks will always step in to attempt to prop these companies up because not doing so would lead to a systemic collapse that no politician or banker wants to be "responsible for". No one wants to be the last one holding the bag.


Bitcoin is an imperative in this environment. The ability to hold onto a monetary asset that is completely separated from the debt fueled fiat system is a godsend. Once the incumbent system is allowed to fail or simply fails because the weight of the debt becomes too much for any government or central bank to prop up, we will be able to rebuild better capitalized businesses and economies under a Bitcoin Standard.

Stay aware. Stay vigilant.
Final thought...

Fall weather came in real quick. 

Enjoy your Labor Day weekend, freaks. 
Share
Tweet
Forward
Hope you enjoyed today's issue. If you have any friends that are looking to find out more about Bitcoin have them sign up for this newsletter here:
 
Get Ƀent

Ƀent noun 1. direction taken, as by one's interests; inclination.

Thanks for reading Marty's Ƀent, a daily newsletter containing all the information I found interesting in the Bitcoin world in the last 24 hours.

Copyright © 2020  TFTC.io, LLC  All rights reserved. 

Want to change how you receive these emails?
You can update your preferences or Ƀent Over!
 

Older messages

Marty's Ƀent - September 2nd, 2021 - Issue #1069

Thursday, September 2, 2021

Thursday, September 2nd 2021 - Issue #1069 Bitcoin is separate from "crypto" There are many out there who believe that Bitcoin falls under the "crypto" umbrella. This could not be

Marty's Ƀent - September 1st, 2021 - Issue #1068

Thursday, September 2, 2021

Wednesday, September 1st 2021 - Issue #1068 Watch what they do, not what they say It's funny how so many are so easily tricked by credentialism. If you hold a certain title, dress a certain way,

Marty's Ƀent - August 31st, 2021 - Issue #1067

Tuesday, August 31, 2021

Tuesday, August 31st 2021 - Issue #1067 Bitcoin fixes the Henry Adams curve Increased energy extraction, delivery and conversion into heat and electricity is synonymous with human flourishing. The

Marty's Ƀent - August 30th, 2021 - Issue #1066

Monday, August 30, 2021

Monday, August 30th 2021 - Issue #1066 Bitcoin is holding steady at the #6 base money in the world It's that time of the quarter again; Matthew Mežinskis from the Crypto Voices podcast (which

The Sat Standard - Bitcoin Weekly - August 28th 2021

Saturday, August 28, 2021

This week in bitcoin. Straight to the point. No bullshit. Every Saturday. View this email in your browser The Sat Standard This week in bitcoin. Straight to the point. No bullshit. Every Saturday.

Welcome to Play to Earn - Weekly Blockchain Games Newsletter

Monday, September 27, 2021

Thank you for signing up for Play to Earn - Weekly Blockchain Games Newsletter ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Welcome to the Crypto.com DeFi University

Monday, September 27, 2021

Thank you for signing up for Crypto.com DeFi Research ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

CryptoPage Newsletter - Issue 106

Sunday, September 26, 2021

Crypto Daily News - September 26, 2021 View on the Web Archives ISSUE 106 September 26th 2021 Crypto News Is the China ban 'a precursor' to a similar turn of events in the US Voyager

The Sat Standard - Bitcoin Weekly - Sep 25 2021

Saturday, September 25, 2021

This week in bitcoin. Straight to the point. No bullshit. Every Saturday. View this email in your browser The Sat Standard This week in bitcoin. Straight to the point. No bullshit. Every Saturday.

CryptoPage Newsletter - Issue 105

Saturday, September 25, 2021

Crypto Daily News - September 25, 2021 View on the Web Archives ISSUE 105 September 25th 2021 Crypto News US Government Goes After Fake Coinbase Scammer for Stealing $11M USDT Someone impersonating a

Bounty Brief #24

Friday, September 24, 2021

Mirror, Mirror on the wall...🪞🔍🤑 ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Flipside Roundup September 24

Friday, September 24, 2021

Discover new Art Blocks data and see the best submissions from this week! ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

CryptoPage Newsletter - Issue 104

Friday, September 24, 2021

Crypto Daily News - September 24, 2021 View on the Web Archives ISSUE 104 September 24th 2021 Crypto News Kazakhstan Might Have to Shut Bitcoin ($BTC) Mining Operations, Here's Why Kazakhstan, the

Marty's Ƀent - September 23rd, 2021 - Issue #1083

Friday, September 24, 2021

Thursday, September 23rd 2021 - Issue #1083 We won't be free until money is truly free There are many things in life that the mass of men have come to accept as immovable truths. The sun will rise

CryptoPage Newsletter - Issue 103

Thursday, September 23, 2021

Crypto Daily News - September 23, 2021 View on the Web Archives ISSUE 103 September 23rd 2021 Crypto News Breaking: Satoshi Nakamoto's Website Gets Hacked, Scammers Run BTC Giveaway Scam Bitcoin.