China's Crypto Ban... Why Now? | Sahil Bloom (SotN 9/28)

<p>"Evergrande is the train wreck that the financial world and media can’t help but watch."</p> <p>A week ago, Sahil Bloom dropped a thread on twitter detailing the buildup and consequences of the Evergrande debt crisis. This week, he's coming on State of the Nation to paint a macro picture of global events and their effects on the economy and crypto.</p> <p>There are so many puzzle pieces in the world at large, and we're trying to get to the bottom of how it all settles. What does this mean for the global economic landscape? How does this line up with another recent China Crypto ban?</p> <p>------<br /> TracerDAO | Perpetual Pools are now Live on Aribtrum!<br /> <a href= "https://bankless.cc/Tracer">https://bankless.cc/Tracer</a> <br /> ------<br /> SUBSCRIBE TO NEWSLETTER: <a href= "https://newsletter.banklesshq.com/">https://newsletter.banklesshq.com/</a> <br /> ️ SUBSCRIBE TO PODCAST: <a href= "http://podcast.banklesshq.com/">http://podcast.banklesshq.com/</a> <br /> ------<br /> BANKLESS SPONSOR TOOLS:</p> <p>️ ARBITRUM | SCALING ETHEREUM<br /> <a href= "https://bankless.cc/Arbitrum">https://bankless.cc/Arbitrum</a> </p> <p>MATCHA | DECENTRALIZED EXCHANGE AGGREGATOR<br /> <a href= "https://bankless.cc/Matcha">https://bankless.cc/Matcha</a> </p> <p>LEDGER | SECURE YOUR ASSETS<br /> <a href= "https://bankless.cc/Ledger">https://bankless.cc/Ledger</a> </p> <p>UNISWAP | DECENTRALIZED FUNDING<br /> <a href= "https://bankless.cc/UniGrants">https://bankless.cc/UniGrants</a> <br /> ------</p> <p>Topics Covered</p> <p>0:00 Intro<br /> 5:30 Sahil Bloom<br /> 8:36 What Happened to Evergrande?<br /> 15:48 Risk to Chinese Economy<br /> 20:08 Who's Getting Punished?<br /> 27:39 Transparency & Trust<br /> 31:54 Central Bank Decisions<br /> 36:58 Updates on the Situation<br /> 42:00 China's Crypto Ban... Why Now?<br /> 47:22 Why Take it Seriously?<br /> 52:35 Geopolitical Rivalry<br /> 56:58 Bullish for Crypto?<br /> 1:00:38 Closing & Disclaimers</p> <p>------<br /> Resources:</p> <p>Sahil on Twitter:<br /> <a href= "ht