Thread - Nostr Hypermedia

CitizenPedro citizenpedro@nostrcheck.me 4 months ago

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.

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Replies (2)

npub1kec3...xnt6 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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SwapMarket swapmarket@iris.to 4 months ago

If by US you mean Trump's family, they are into shitcoins. Also huge on stablecoins to prop up treasuries. Bitcoin strategic reserve was all but rhetoric. Only bitcoin treasury companies are pro Bitcoin.

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