"The end result was a historical wealth transfer from regular Americans to a handful of billionaires.

This wealth transfer, which was heavily premeditated and provably used the COVID-19 crisis as cover, should be treated as an unprecedented theft from the American taxpayer.

Yet few Americans know that it even happened." -- Unlimited Hangout

The idea that Bitcoin might inadvertently strengthen the US dollar rather than challenging it seems counterintuitive, yet it's an interesting perspective.

If the government accepts and supports stablecoins, it could maintain its control over global debt markets while also benefiting from their stability and potential to facilitate more transactions.

This scenario suggests that the establishment sees these digital assets as a tool for furthering their power rather than undermining it.

Mark Goodwin and Whitney Webb's article "Trump Embraces the Bitcoin-Dollar" sheds light on this topic, providing valuable insights into the political implications of stablecoins and the potential consequences for the financial system.

The article delves into the possibility that the embrace of Bitcoin and stablecoins by the US government could be a strategic move to maintain their grip on global debt markets and expand their influence for future generations.

It's essential to consider these scenarios as we navigate the rapidly evolving landscape of cryptocurrencies and digital assets, keeping in mind the potential consequences for both individual investors and the global financial system.

Article:

Trump Embraces the “Bitcoin-Dollar”, Stablecoins to Entrench US Financial Hegemony

Trump’s recent speech on bitcoin and crypto embraced policies that will seek to mold bitcoin into an enabler of irresponsible fiscal policy and will employ programmable, surveillable stablecoins to expand and entrench dollar dominance.

https://unlimitedhangout.com/2024/07/investigative-reports/trump-embraces-the-bitcoin-dollar-stablecoins-to-entrench-us-financial-hegemony/

‘Bitcoin is the only commodity to break the pressures of increasing demand on inflating supply. For example, if gold doubles in price, gold miners can send double the miners down the shaft and inflate the supply twice as fast, thus decreasing demand and thus eventually decreasing the price. Yet, no matter how many people are mining bitcoin, no matter how high the hash rate increases this month, the supply issuance remains at, as of April 2024, 3.125 bitcoin per block. This capped eventual supply of 21 million –– set via a disinflationary rate of token issuance hardcoded in the protocol within Bitcoin’s monetary policy at network launch –– allows the U.S. to massively inflate the dollar into this demand inelastic energy commodity without, for example, making nationstate-holders of gold wealthy or oil-rich nations even richer. As the price of bitcoin goes up worldwide, the large reserves held within the borders of the U.S. will increase the relative wealth of the country.’

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