Blockchain, geopolitics, and power shift
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Homepage > News > Editorial > Age of uncertainty: Blockchain, geopolitics, and power shift I’m known for my optimism. I try to give people something to build, not just something to worry about. But in the fog of the past few months, the bright spots have been dim—distant, even. And as much as I hate being the bearer of dread, I’m increasingly concerned. About the economy. About blockchain. About trust, civics, and the unseen hands moving global narratives like pieces on a board. Let’s start with the obvious: the United States government is on the precipice of a fiscal cliff. It must refinance trillions of dollars in debt in an environment of stubbornly high interest rates. This alone would be enough to rattle global markets, but add to that a chaotic stew of trade policy, erratic tariffs, and election-season brinkmanship—and we’ve got a recipe for engineered collapse. President Donald Trump, now back in the driver’s seat, has every incentive to try and crash the economy now to bring rates down later, softening the path for long-term debt service and legacy preservation over the long term, so I am not bullish on anything in the short term. It’s very clear what’s happening: President Trump now believes “short term pain” is his ONLY option to lower inflation and refinance $9+ trillion of US debt. We have seen over -$5 TRILLION erased from US stocks with the goal of LOWERING rates. Will it work? (a thread) pic.twitter.com/QlQYU65AZT — The Kobeissi Letter (@KobeissiLetter) March 13, 2025 But is it just economics? I have also seen a marked uptick in bot activity across X and Facebook. Every mundane post becomes a political minefield. “What are you cooking for dinner?” invites 400 comments about immigration, vaccines, Russia/Ukraine, Hunter Biden, Israel/Palestine, Elon Musk… That’s not organic. And what about the…
Filed under: News - @ April 1, 2025 1:24 pm