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Replying to nicodemus

If the dollar is under such a threat that the US has to go the extreme (by their standards) of making bitcoin legal tender - if it’s that bad - then who the hell is buying up all of the US treasuries? Yellen has been issuing ridiculous amounts of debt and, while there have been a couple of bad auctions, it’s still getting bought.

Please explain this. Because if the dollar is not wanted, then treasuries are even less valuable.

Don’t get me wrong - I’m all for what you describe. But that isn’t reality from what I can tell.

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Kenshin 1y ago

In addition, stable coins are soaking up U.S. treasuries to facilitate frictionless dollar purchases abroad.

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