主题：国债负利率的日本，越借钱政府赚得越多，当然不怕花钱 -- forger

泥轰, uncle sam vs Tgchina is a complicated game, what I care as an individual is the modeling methodology part of it, and hopefully with a good model, we can guess better about each of three players, their strategies, and the outcome of the game;

1.

比特币 "case study"

@华尔街叛徒：资本市场一个最根本的问题就是“神马是无风险资产”。原来一直共同假设是美债，刚到Lehman的时候我很天真地质疑然后被无情嘲笑。现在大家逐渐开始接受这个质疑了，至少在理论层面上。基础货币和信用货币的分离可以一劳永逸解决这个问题。这才是比特币这个社会试验的根本价值，相对而言其

回复@athosliu:well said, 战争是政治的继续, including 货币的战争, 比特币 is a great try as 基础货币和信用货币的分离, & that is its fundamental weakness as well, because 基础货币和信用货币的分离 is a fantancy only, without 政府

回复@athosliu:政治 is greatly overlooked by capital market, what is Ben FED QE? it started as 政治 game, it is still a 政治 game, & awkwardly played out by finaniciers made politicians, those Fed guys; VS. china: TG=politicians made financiers playing a finance game, same trick

回复@athosliu:政治家 is always the last resort to bail a society out of its crisis mode, US conventional 政治家 were fxxked up by its 公知 system, then you have FED to take over & play 政治家 without constraint of 公知 system, 政治家 as 战争家 of a nation, 本质上不受约束, 最终力

2.

I will come back with more comments, but for now, TG seems to have over played and over leveraged on its 政治 card, vs uncle sam, more of a more well rounded player, playing a portfolio of cards, and yes, there are tons of other factors, other than playing model/strategy part;

TG, and Chinese as a nation, needs to learn how to play a portfolio of cards, and yes, you have to have a bounce of cards in your hand first, other than 政治 card.