World War Money - stablecoins, bitcoin and gold in the new monetary system

18 days ago
35

With the prices of gold and silver surging to new all time highs, the position of the US dollar as the global reserve currency is under threat. Thus far, the only answer that the US government had was to try and suppress the prices of gold and silver through the COMEX and the LBMA. Now that this mechanism is breaking down, it needs to come up with some other plan to shore up the dollar. We believe that the introduction of the “GENIUS Act” is that plan, and in this video we will explain how.
Policy makers usually give us hints as to where thing are going, but only those who are familiar with financial jargon are able to understand those hints. On Oct 31st, secretary of the treasury Scott Bessent tweeted in favor of Bitcoin. Senator Cynthia Lummis (R-WY) proposed that the Federal Government borrow money against its gold to buy Bitcoin. We also know that Eric Trump is a big Bitcoin enthusiast, and he probably has the ear of his father. This leads us to believe that the Trump administration is pivoting towards crypto.
The GENIUS Act, which was signed into law in July, seeks to approve and regulate the issue of stablecoins, cryptocurrencies whose price does not fluctuate like Bitcoin, but is fixed to the dollar. They are used to transfer funds between exchanges, and are supposed to be fully backed by dollar assets such as treasuries. The law is supposed to create more demand for US treasuries, and help fund the mounting national debt. However, the current use cases and market cap of stablecoins is not enough to do the job. Therefore we conclude that the treasury intends to use them more widely, and with a far larger target audience.
We believe that the US treasury intends to use stablecoins in order to allow every person on earth to transact using dollars. This way they can broaden the base of the US economy, without physically bringing these people into the US and without suffering the negative effects of mass immigration. In time, these stablecoins may supplant the local currencies around the world, and the dollar may become a one world currency. That is, unless China can prevent this from happening...

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Music: Michael Kobrin - The Introvert
https://youtu.be/UufcCic_lQQ?si=A8bRz3JvhZluMKL8

#stablecoins #bitcoin #gold #war #money

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