Hong Kong Airport Shuts down as Protestors rally, Markets Brace.
On August 12, all flights were grounded as protestors gathered en masse at the Hong Kong International Airport, resulting in authorities shutting down the airport.
After a 3 day sit-in at the Hong Kong Airport, protestors en mass overwhelmed the airport today causing the airport to shut down.
Pro-democracy protests are in their tenth week after the Hong Kong parliament attempted to approve an extradition bill that would have allowed the extradition of Hong Kong residents to China.
In 1997, Britain handed Hong Kong back to Chinese sovereignty, with a few conditions set out in the one-country, two-systems agreement.
The basic law ensured that Hong Kong would retain its own currency (Hong Kong dollar), legal system, legislative system, and people’s rights and freedom for fifty years.
Set to expire in 2047, many Hong Kongers now fear they are already losing the rights and freedoms set out in this agreement.
It’s Not Just Hong Kong; It’s Worldwide Protests
If you’ve been paying attention to world events recently, it would seem that the whole world is protesting. Although Hong Kong claims the largest mass demonstration in recent history with an estimated attendance of over two million people during its peak, Hong Kongers aren’t the only ones protesting.
France (Yellow Vest Movement)
Every weekend for the last 10 months, the Yellow Vests have been protesting throughout France the high cost of living and excessive government taxation.
Moscow Protests
On the weekend up to 60,000 people took to streets to demand free elections to the city legislature. This protest is believed to be the biggest political protest in over eight years.
United Kingdom
A social-political movement termed the Extention Rebellion is saying it will shut down London to force the government to act on climate change.
Then there is India and the withdraw of sovereignty to Kashmir, leaving seven million people hostage in their own country. There is also Venezuela, an entire country in strife caused by the rapid devaluation of their fiat currency. With over 13 million people expected to sign a petition opposing the US economic blockade of Venezuela, this may be the largest petition ever signed in human history.
Tipping Point:
When superpowers fight, everyone feels it. America and China are currently in a heated trade war. Venezuela is falling apart. France is on the brink. Global social discontent is in the air.
The old systems are not working and people are calling for a change. As social and online media bring us to the front lines of these protests, they also inform the world at large and show us that people can make a change. Change is taking place.
We are at the tipping point where old systems will fall away making way for new ones.
It’s a New Season for Crypto
This is a new season for cryptocurrency marked by worldwide social and political unrest. With the volatility in the cryptocurrency markets and stress tests over the last few years, Bitcoin and many other cryptocurrencies are in an excellent position to handle worldwide adoption.
There is a growing market hungry for what cryptocurrency has to offer — freedom — Freedom to do business without borders, freedom from currency controls, freedom to transact anonymously and freedom from government-controlled fiat-based money systems.
As the traditional systems begin to fail, people and their money will move into new sectors. We have already started to see this with the recent increase in the price of gold. Silver and other precious metals will follow as they are the traditional counterbalance to political and economic instability. Bitcoin and many other cryptocurrencies will be soon to follow.
As a cryptocurrency investor, are you prepared for what’s coming next?
Trade Safe,
Richard
