⚡️🇷🇺🇺🇲 NEW - Putin’s advisor Kobyakov says 'The U.S. has devised a CRYPTO scheme to erase its massive $35 trillions debt at the world’s expense.
https://blossom.primal.net/050e40ac81d97a996e547e88c87e602638c630081f87fde6e6fa4adde783a1c8.mov
Discussion
This similar to what saylor was proposing to do months ago?
It's the stablecoin play. More demand for USD treasuries (which must back stables) allows US to continue debasing the dollar
Yep, that's pretty much what they're doing. They won't be able to start from scratch though. That debt isn't going away.
And Germany sold all their Bitcoin because they want no part in it ^^
Typical. GOP...dodgy lot
And noting the debt is currently ~ $37.5 trillion now (08.09.25) according to
But the fact is there's no stopping them.
👀
Using FIAT is a choice. "The world" can only blame itself.
Wait, is this supposed to be some sort of economic explanation of what the US wants to do?
That's his explanation, "you get 35T send it to the cloud and boom, debt erased"?
I'm pretty sure this is the beginning of BRICS economic propaganda, to bring attention to exactly the same thing the BRICS want to do.
China wants to create a gold-backed monetary system. The US is more on the Bitcoin side.
No need for propaganda, it is what it is.
Stable coins allow people in foreign nations access to the dollar. They are created when issuers purchase treasuries (debt)... Its sort of like fracking. But instead of finding oil you are finding poor people who have even worse money than the dollar. This is meant to keep the current shit system working rather than getting the massive devastating correction that is justly needed.
At least that is my ignorant 2 SATs.
Yeah but this guy is saying the debt is erased with that. It obviously isn't like you're mentioning, it just creates more debt.
What's completely missing is that the US would create the most transparent Bitcoin and gold system, that would allow people to redeem or to somehow link, might be just trust initially, to these assets.
This is just some sort of poor Russian propaganda to make the US look bad, when it's actually the best thing they could do right now, moving to Bitcoin and gold, and is exactly what the Russia/China wants to do.
The Russians were always the kings of propaganda.
So is this something where the fiat dollar inflates away and withers and dies while the US transitions to sound money?
I'm trying to square that in my head. But I agree that increasing the debt does not pay off the debt.
Yes, that's always what governments do. They called it Financial Repression in the 1940s. Everybody does the same thing since the Central Banks were invented, including Weimar Germany. Inflate the debt away with a soft or hard reset, i.e start "backing" your currency with hard assets, land, gold, oil reserves, Bitcoin, etc, launch a new currency or just monetize those assets by creating mechanisms that allow governments to use it as collateral somehow to borrow money, stuff like this, without creating a new currency.
There's many ways to do this, with a new or just the same currency, soft or hard links.
Basically governments monetize the asset part of their balance sheets, i.e land, gold, bitcoin, oil reserves, etc, etc, and then they do a soft or hard link between that and their fiat currency.
This time it's definitely going to be gold and Bitcoin because it's the easiest way to do it because Bitcoin is a neutral reserve system, very easy to be audited globally, etc. It's just the perfect collateral.
If you monetize hard assets like gold and Bitcoin, then those grow MUCH faster than your nominal debt in dollars (35T). You have them (gold and Bitcoin) in your balance sheet and now they're worth 50T, that pays your debt and gives plenty of free money for other things.
This is what's going to happen. Gold and Bitcoin explode (10x) in the next 5 years. Real estate I think loses massively against them. That's the new world in my view.
Объясни ему. Ты прав в своем предположении.
don't we call the crypto scheme stable coins?
Meh, he's just whining because Trump is trying to use financial regulation to claw back some of the dollar trade that Hong Kong captured with Tether.
Tether is the new, defacto BRICS cryptocurrency, allowing everyone to trade in a dollar-backed money, without any assets being at political risk in a US jurisdiction. 🤙🏻
And Tether is buying Bitcoin, gold, and land, to diversify their portfolio, away from the dollar.
Outside all the BRICS nonsense, what I hear is Tether is doing banking much better than banks.
I guess it's now the biggest banking system, after SWIFT and Bitcoin, right?
Having had many contacts with turd world countries where conventional banking has collapsed, I can guarantee that tether is becoming an on-ramp-off-ramp to transport money in and out of said countries.
I just discovered that Tether is "banned" in the EU...
I think swift, visa/mc/amex/discover and then Bitcoin. And it will be impossible to really know because Bitcoin lightning is surveillance resistant by design. Best they can do is ask custodial wallets for their volumes. Noderunners are close enough to anonymous except their IP addresses, and the general rule is they don't keep records or archive the tx logs. Even if they did, AMP complicates it even more and no other clearinghouse can do this - route payments across multiple paths, that nobody in there knows more than amounts and directions. Both halves of the route are private to each end...
Oh, yeah, forgot about credit cards.
If Tether is diversified into appreciating assets like gold, how long before they release an inflation adjusted coin that actually has stable purchasing power?
Yes, and if you don't join in, you will be disadvantaged.
Nash equilibrium at work 🫡
Properly use “crypto” in a sentence. Succeeds