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G Force G 4 months ago
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.
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CitizenPedro citizenpedro@nostrcheck.me 4 months ago
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.
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G Force G 4 months ago
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.
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