Hayes draws parallels between the economic strategies of the United States and China, coining the term “American Capitalism with Chinese Characteristics.” He suggests that, similar to China’s approach under Deng Xiaoping and continued by Xi Jinping, the US is moving toward a system where the government’s primary goal is to retain power, regardless of whether policies are capitalist, socialist, or fascist.
They did just that from April 2020 to March 2021.” How Bitcoin Could Reach $1 Million Hayes believes that the combination of aggressive fiscal policies and regulatory changes will result in an explosion of bank credit, leading to higher inflation and a weakening US dollar: The combination of legislated industrial policy and the SLR exemption will result in a gusher of bank credit.
To hedge against this, Hayes advocates for investing in assets like Bitcoin and gold.“Instead of saving in fiat bonds or bank deposits, purchase gold (the boomer financial repression hedge) or Bitcoin (the millennial financial repression hedge),” he advises.
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