Over the past few weeks, we have been witnessing an apparent power struggle between China and America as they position themselves to come out on top of a fierce trade war.

Meanwhile, the price of gold has been hitting new all-times highs, US treasuries are being sold off, and the dollar itself is losing value relative to other currencies.

How did we get to this point, who's really running the show, and who will be the ultimate winner in this showdown? That's what we'll be discussing in today's article.

Dollar Hegemony vs. China

The dollar became the world reserve currency after the Bretton Woods agreement was signed in 1944, giving rise to the US-dominated global financial system we have today.

The dollar was de-pegged from gold a few decades later, setting off an unsustainable decades-long borrowing binge, to the point where the world now owes over $300 trillion dollars.

Meanwhile, ever since implementing economic reforms in the 1980s, China has been experiencing rapid internal growth, and managed to achieve global trade dominance in the last decade.

Moreover, if you watch videos of Chinese vs. American cities it becomes clear who has been advancing and who has been deteriorating in recent years.

All signs are pointing to the end of American hegemony and that China is set to take their place as the new global superpower.

But the transition away from the US dollar will not be so simple.

Impending Monetary Reset

Today's national economies and financial markets have become so intertwined with one another that one cannot fall without significantly impacting the others.

We've reached the point where the global debt bubble is just so big that the entire system must be reset - not just the US dollar. Those who actually govern our nations have no doubt been preparing for this.

Western nations are getting ready to implement Central Bank Digital Currencies (CBDCs), while China and Russia have been developing their own gold-backed BRICS currency to supposedly compete with them.

Who will be the ultimate winner when the reset finally happens?

It would seem that China is set to come out on top.

The Men Behind The Curtain

That said, let me put my tinfoil hat on for a sec.

The fact that both China and western governments gained more control from the Covid plandemic makes you wonder who is actually in charge here, and who is set to come out as the ultimate winner.

Let's not dismiss the possibility that the most powerful people in America, Europe, and China have been working together for decades to form a one-world government, and that the supposed trade battles and posturing we see on the news is just a distraction from that.

Perhaps this is all being coordinated to implement a one-world currency that will be enforced throughout all corners of the earth.

Removing my tinfoil hat, neither a world controlled by the CCP, nor by the "globalists" is very appealing.

But what other options do we have?

Crypto Ascends

Since 2009, an alternative to centralized control has arisen, and it's been spreading like wildfire.

Bitcoin can be used to send money peer-to-peer, completely side-stepping banks and governments. There is no single authority over the Bitcoin network that can censor transactions or freeze accounts.

This is more revolutionary than most people realize, because the technology behind Bitcoin is disrupting not only finance, but the way our economies function as well.

For decades we have relied on centralized entities to deploy energy, communications, and compute networks. However, using blockchain-based token incentives, DePINs can roll-out infrastructure much faster and more efficiently.

The Ultimate Winner

As China and America supposedly battle it out over the coming years, I think cryptocurrencies will ultimately thwart the plans of the powerful people behind these nations.

China has already banned Bitcoin multiple times, because they see crypto as a threat to their power. That should make you even more bullish on the future of this technology.

Perhaps the CCP understands that Bitcoin and other cryptocurrencies have the potential to not only subvert banking cartels and governments, but to transform physical infrastructure networks as well.

Until next time...

How the Great Reset will unfold is anyone's guess, given how complex the world has become. After all, no individual can fully wrap their head around the mechanics of every subsystem of the global economy.

But we do know that cryptocurrencies have the potential to transcend banks and the nation state, and that blockchains are an unstoppable force due to their decentralized nature.

Whether China, America or the globalists achieve their goals in the impending monetary reset, we can be certain that crypto is the ultimate winner here, even though it may take decades for the transition to fully occur.

If you learned something new from this article, be sure to check out my other posts on crypto and finance here on the Hive blockchain. You can also follow me on InLeo for more frequent updates.

The Great Reset - China vs. America vs. Crypto