Breaking news! There has been a shocking turnaround in the House race for California's 45th district, just two weeks after the election day. Democratic candidate Derek Tran has surprisingly overtaken Republican Michele Steel with 94% of the votes counted, leading by only 102 votes. This has led some American onlookers to suspect whether there is any 'vote rigging' going on.
Historically, such dramatic turnarounds in the U.S. are not uncommon. Some theatrical events have even changed the entire political landscape of a country, like the presidential election in 2000, which went all the way to the Supreme Court. Such situations usually cause public panic, resulting in a pile of legal lawsuits, and may also lead to public distrust in the entire voting system. However, this is also an important opportunity for reform; otherwise, who knows if we will see such a situation again next time?

First, due to the backlash from the tariffs imposed by the leader, almost all economists believe that in the entire year of 2025, the Federal Reserve may only lower interest rates by 75 basis points; by the end of 2025, the federal benchmark interest rate will be reduced to 3.5%-3.75%, which is a significant cut from the original market expectation of 'a 150 basis point cut, with the federal benchmark interest rate at 2.75%-3% by the end of 2025.'
Second, although the extent of interest rate cuts by the Federal Reserve may be discounted in the coming year, 94 out of 106 economists still believe that in December of this year, the Federal Reserve will cut rates by 25 basis points. The industrial capital supporting the leader (manufacturing) is barely surviving under the pressure of high interest rates; he needs to fulfill a wave of campaign promises (interest rate cuts) before and after taking office.

Musk---American version of Lu Buwei
As we all know, Lu Buwei was the most successful businessman in Chinese history who transformed from a businessman to a politician. The most successful investment in his life was to put the father of Qin Shihuang Ying Zheng on the throne of Qin.
It can be said that without Lu Buwei, there would be no Qin King Ying Zheng, and there would be no Ying Zheng who unified the six kingdoms and created a unified China.

Musk used real money to support Trump's election
Musk, who is now at the peak of his career, has the power to use Trump to control other countries.
Trump has just won the US election and there are nearly two months left before he takes office on January 20, 2025.

IBIT options launched on Tuesday, and market participants widely expect this move to attract more institutional interest in Bitcoin (BTC). Here are the potential impacts on the market.
On the first trading day, the notional exposure of IBIT options approached $2 billion, which is an unusual trading volume for new options. The trading volume of call options was higher than that of put options (with a ratio of 4.4:1), which may be a reason for BTC hitting new highs.
The introduction of IBIT options is expected to increase institutional participation in Bitcoin, as options provide new avenues for investment and risk management strategies.

Recently, the dialogue between Trump and Musk has garnered widespread attention, especially regarding the discussion of U.S. Treasury bonds and Bitcoin. Trump advocates for a complete cleanup of the $36 trillion debt, while Musk proposes a radical route: placing the Federal Reserve directly under the management of the U.S. president to achieve the goal of abolishing the Federal Reserve and the dollar. Behind this lies a deep reflection on how to overturn the current global financial system.
Firstly, Trump's proposal means that countries holding U.S. Treasury bonds, such as Japan, Europe, and China, will have to face the reality of being unable to repay. This 'defaulting' approach is undoubtedly a risky move; although it may temporarily lighten the burden on the U.S. government, in the long run, America's credibility will be severely damaged, and the status of the dollar as the global reserve currency will be precarious. Global investors may question U.S. debt, leading to greater financial instability.

Financial Associated Press, November 20 (Editor: Xia Junxiong) On Tuesday (November 19) local time, Kansas Federal Reserve President Esther George stated that although the Federal Reserve's initial rate cut reflects confidence in the easing of inflation, it is still uncertain how far interest rates will drop.
The Federal Reserve cut rates by 50 basis points and 25 basis points at the September and November rate meetings, respectively, lowering the target range for the federal funds rate to 4.5%-4.75%.
George spoke at the Omaha Chamber of Commerce on Tuesday, stating: "The decision to cut rates reflects an increasing confidence in the inflation moving towards the Federal Reserve's 2% target, partly stemming from recent signs of balance in the labor and product markets."

Federal Reserve Chairman Powell said he wanted to wait and see what policies the incoming Trump administration would implement, and then the Fed could predict what that would mean for the economy.
“There is currently nothing to simulate,” Powell said at a press conference on November 7. “We do not guess, speculate, or assume.”
This is in stark contrast to the Fed's reaction to Trump's election victory in 2016, as confirmed by the minutes of the Fed meeting. A month before Trump took office, Fed staff began to predict that fiscal policy would likely boost economic growth based on the assumption that Trump's promised tax cuts would pass, and that this growth would be partially offset by rising interest rates. Several Fed policymakers, including Powell, also incorporated changes in fiscal policy into their forecasts at that time.

The Third Currency Revolution: The Shocking Conspiracy of Digital Currency. If the replacement of barter with gold and silver is the first currency revolution, and the replacement of gold and silver with paper money is the second currency revolution, then undoubtedly digital currency will be the third currency revolution. However, it is important to distinguish that the digital currency of the third currency revolution is not the digitalization of local currencies by various countries, such as digital yuan; the digitalization of local currencies only possesses some functions of digital currency, such as the unchangeable and traceable encryption feature of digital currency. However, the truly revolutionary decentralized blockchain technology cannot be possessed by the digitalized currency of local currencies, because that involves a country's right to issue currency, which is a matter of national sovereignty. Therefore, the currency of the third currency revolution refers to the 'natural currency' under a decentralized blockchain, whose issuance is decentralized and not controlled by any country or institutional organization. Additionally, the total supply of natural currency has a ceiling limit, such as Bitcoin's total supply of 21 million. Let us imagine the scenario after the success of the third currency revolution: countries around the world will recognize global digital currencies, such as Bitcoin, Ethereum, Dogecoin, etc., to replace gold as reserve currencies, which means that whoever controls the price of these currencies will control the issuance of world currency. Will this scenario happen? It is very likely, as long as the major countries and world organizations recognize the legal value of digital currency, this currency revolution will be realized. Moreover, digital currency will easily replace gold's position as a reserve, because in terms of convenience of payment, liquidity, cost, and security, digital currency has unparalleled advantages. So what will happen after the replacement? One current fact is that the United States has long laid out its strategy and controls the entire digital currency market, so as long as the third currency revolution is successful, the United States will once again dominate the world, this time from the high ground of global reserve currency. So now you understand why Musk is investing in Dogecoin and why the newly established 'Efficiency Execution Control Committee' in the United States is abbreviated as 'DOGE', indicating that with the rise of the wise king, a shocking conspiracy sweeping the globe: the third currency revolution is about to unfold, and the vanguard of this revolution is none other than 'Iron Man' Musk. Are we ready?