"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.
