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Stablecoin creates huge demand for USD...potentially 8 billion people. The fiat USD is the best horse in the glue factory. |
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Talk about Good Luck to Us! |
Bitcoin is what tulips were in the year 1637. A fool and his money are soon departed.
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Bitcoin is finite at 21 million. 13% have been lost due to mishandling by early investors. 400 years from now there will still be that same finite number of Bitcoin. |
Tax the rich more fairly and you can knock down the debt. It’s not rocket science.
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Epstein had a yacht and an island. How did that work out? The vast majority of billionaires made their money using illegal tactics.
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The UK is a dump with a monopoly Forex racket and a 400 year old criminal banking system. That system is finally coming to an end and the GBP will collapse. Heck, even CAD should be more valuable than GBP in reality.
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The top 10% pay about 70% of income taxes. It's the top 25%, those making over $100K, that pay 85% of income taxes. I'm confident we aren't going to starve because the upper 10% stop growing and picking food. |
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Killing off the upper 10% would be similar to turning off the entire banking system. Care to make a guesstimate on the population of the USA after 6 months if either of those occurred? A lot of Americans have enough fat on them to survive maybe 3 months :) I doubt you will find someone willing to trade their can of Spam for a wheelbarrow full of paper with dead Presidents on them or a shiny gold/silver rock. Where will you find clean drinking water? Don't forget, the upper 10% create most of the jobs...that create taxpayers. |
Plus, the rich aren't stupid...They all have self-custody Bitcoin in case the Proles try to eat them :)
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FYI - USDT (Tether) already has 400M users. USD Stablecoin will bank 5B non-citizens very quickly :)
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From AI -Japan has announced plans to adopt XRP for nationwide payments by the end of 2025, a move that could revolutionize cross-border transactions and accelerate the adoption of blockchain technology in finance.
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Almost every conflict and global scam on Earth can be traced back to the City of London. They know their days are numbered and will lash out even more to maintain their criminal grip. India knows. Pakistan knows. Iran knows. Israel knows. Russia really knows. China knows...Who the real enemy is.
Do you really think Russia and China are our enemies? They are not. They are just rivals. Soros is a top lieutenant for the City of London and as much as I loathe the nation state and want open society, global communism is not the answer...Pax Americana is! Reagan and Bessent are heroes. |
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For all stablecoins authorized in the US, it must be backed by US Treasury offering. Why? Because the BBB (big beautiful bill) just authorized a ginormous spending increase while the demand for US Treasury offerings are declining. So the stable coin scheme is a way to finance the US treasury ever increasing need for debt financing. ie, a savings account for US Treasury with no interest, for the luxury of digital spending? A digital coin based upon US Treasury's buying is still belief in "fiat" currency. . as the relationship is still 1 to 1 and requires backing of the US Dollar with treasury instruments. What the Genius act pushers are selling without acknowledging the potential, is that there can be a US stable coin buyers strike, or liquidation, for currently unknown reasons, but most likely it will be the same reason, lack of adequate security reasons which may result in coin theft in large proportions, wreaking havoc on the demand for digital coins. . If the US dollar continues to fall, then wanting US stable coins by foreigners will be in decline, no different than Zimbabwe stable coins, when Zimbabwe currency was falling into banana republic levels. . . It's a government gamble on grifting the rest of the world into buying US treasuries to maintain the US huge debt growth. If the US debt and expected growth and tax reductions doesn't produce the economic results expected, and so far, the past historical attempts haven't produced the results expected, the "poof" of digital coins might be US Dollar threatening for the US treasury and the US Dollar, upon which the US stable coins are based. . Turkey tried the populist very low interest rate strategy and the lira lost a very large percentage of value, relative to other economies. . so be careful for what you wish for in a quick fix solution. . . |
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I lived in that dump for many years. |
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What other fiat can take the place of USD? The value is to bypass costly foreign exchange/delays and local currency theft for those outside USA. This will strengthen dollar demand globally. "Galvanize Support" "Fictitious Enemy"...Wut? All fiat is a criminal Ponzi and debt is it's very nature...It is loaned into existence at interest. The City of London/BoE is a criminal fiat mafia and has been stealing from everyone for 400 year. I Don't care about anyone's "Support". USDT has 400M users...They must be fools. |
Anyhoo...The point is...Stablecoin is going to seriously boost demand for USD/UST whilst obsoleting every other fiat currency and boost economic activity globally. Invest accordingly. I wish you all a tenbagger or two!
Geeez...LOL. Boomers make me laugh. |
I'm not saying that someone in this thread, especially the last page or two, is coming off as a possibly unhinged individual, so I won't say it. But yeah. Perhaps an indication of an onset of a memory condition? I mean, that's where I've seen it before.
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I see engineers in finance and economics not be very successful all the time.
Engineers are very linear and logical, because engineering has rules and equations that are rigid, and don't/can't change. FInance and economics are human behaviors and human concepts, not bounded by rules and equations, but estimate by historical observations which have very wide standards of deviation as compared to engineering, and large outliers occur, though infrequently It's the exception for an engineer who can transition from the fixed physical systems to the human system of the behavior of handling money. . the human system is very non linea, very counter intuitive, and has lots of outliers and failures. . |
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