Larry Fink, the most important and most probably influential person in the American economy, is currently, as of yesterday, calling Crypto a flight to safety.We've always wondered, and this hasn't been the case that we've ever been able to test in a time of economic turmoil, of now international geopolitical turmoil.In a time where people are trying to get out of the markets, get to safe places, where will crypto fall?Is it going to be an exotic tech stock where these things are going to get sold off and and dumped to 0 in times of turmoil?Or is it going to get protected in the, you know, the Kingdom of safe assets of safe havens that being treasury bonds historically, cash historically.And then you also have things like gold is crypto or Bitcoin, at least at the beginning, eventually crypto good cryptos.Is that going to be an asset class that people want to be safe within?And that is something that right now literally think is promoting as yes.And here's the thing, you might think, oh, well, whatever, maybe he's right.Maybe he's wrong.

Once they get the go ahead to actually sell Bitcoin products, which they're going to get.And there's a clip that he's just on Fox Business yesterday, less than 24 hours ago.And he said he's not allowed to talk about the specifics.some of the Bitcoin stuff, he's very specific because he knows there's a process happening and he knows the outcome of it.This is a question of is it January?Is it March?Is it April?Is it even December?

But a Bitcoin ETF is coming and it is going to be a BlackRock Bitcoin ETF and they are then going to promote this product to their clients, pure and simple.That is what's going to happen.They will get their clients into Bitcoin.OK, so the question is what will the price of Bitcoin be in a time where we have the second piece of information, which is that Janet Yellen comes out yesterday and says, of course, America can afford to finance multiple wars at once.Well, let's take a look at the geopolitical chess RussiaThe point is you have right now the same thing happening where you have the Ukraine is now sort of a proxy between the US and Russia.You now have the same sort of energy where with Russia and China and these other nations that are on the other side of the geopolitical chess board, taking the side of the countries that are against Israel.And then we can also see other conflicts with like Taiwan and China.There's just a lot of conflicts that seem like they are moving from cold conflicts to hot conflicts across the across the geopolitical spectrum.

Now that is going to cost a lot of money and effectively the United States has a ton of debt compared to the amount of money that it produces, their GDP.Now the problem here is that everyone expects for this to be an explosion, something that explodes and that just makes it so that the, you know, the situation in America goes down to 0 or there's some kind of massive crack.Now that might be the case there, there might be an outlier chance. I don't think that that's going to happen though, because in the end countries, the business of running a country is effectively competitive with what else is out there, right?if America and its economy is no longer desirable, then that would mean that money or that investors move to another more desirable economy, right?And that's just not the case.That doesn't exist.The biggest competitor out there is China, and they are certainly in trouble as there are bank runs happening right now in China.

And this is a result of their Evergrande collapse, of their real estate collapse that has been really picking up steam of late because they have other different companies besides Evergrande that are in trouble, right?They had essentially this era where they just finance every single real estate development.And now there are cities of empty buildings getting demolished because it's cheaper to demolish them than to let them fraud or whatever the heck.So what you see here is a reset in China where they tried to cut rates to 0 and inject a ton of stimulus and it didn't help.So this whole bank run thing happening in China seems like it's going to continue and it makes it so that the biggest competitor to the American economy, the American way of life, is not really a competitor at all, right?The biggest competitor, the American currency is maybe this bricks currency or maybe the the Chinese Yuan.Maybe you have other currencies, but not really, not really.So you have this facade, right?And you say OK well the the Americans can't finance a war because of their ratio, the ratio of debt to GDP.Well there's a few ways to fix that ratio.

You either increase productivity with new technologies or have population growth, just more people, more things being produced.And by the way, maybe this is some reason that they're having this open border policy where people are just flooding into the United States. They just need more people GDP.And eventually maybe the logic is that that increases the economy and the GDP. Then there's also another way, which is that you can create a ton of inflation where effectively you debase the value of the dollar and then it's painful short term, but eventually prices just grow and wages grow too.So think about it this way.