[fdpaq0580]

"It's the end of the world as we know it.
It's the end of the world as we know it.
It's the end of the world as we know it."

Thank you. Thank you very much!

[Pballer]

Are we going back to the 1800s where each bank issued its own paper money currency (stable coin) supposedly backed by gold or silver (USD or treasury bills)? I see that banks (JP Morgan, Citi Bank) are already talking about issuing their own stable coins. It didn't turn out too well in the 1800s.

[Whatnext]

""This is the USA and not some third-world dump like Europe/UK/Africa.""

Some folks need to get out, travel, and find out how third world Europe/UK are.
In many respect they lead, and US follows.

[MorTech]

Originally Posted by RICH1

Crypto is Illegal in China!

...And yet, the Chinese people are one of the largest Bitcoin holders.

[MorTech]

Originally Posted by MandoMan

If I buy stock in GM or Chevron or Apple or Tesla, I’m buying a piece of something, a company, whether the stock goes up or down. I am helping that company, supporting it, not just milking it. If I buy gold or silver, they were mined out of the earth, and if I want, I can hold them in my hand and keep them in my safe deposit box. But crypto coins are “mined” out of what? I’ve never been able to understand the answer. What factory is helped by my investment? Why do I deserve to profit by the money I invest and the risk I take? Lots of computer transactions around the world and electricity are the “mine”? And I can’t actually hold one in my hand. It all reminds me of sleight-of-hand conjuring tricks, Ponzi schemes, sales of bridges, scams. I’d love to have my money grow that fast, but I’m worried about this. It sounds like it should be carefully regulated, and this new bill isn’t enough regulation. Plus, when it is promoted by a man whose family suddenly had billions in crypto-profits from “coins” in his honor where that money didn’t exist this time last year and will be helped a lot by this bill, I’m nervous. I didn’t buy the gold sneakers or the Bible or the virtual photos. Those were clearly scams. No crypto for me.

You don't understand what Stablecoins are...It will bring huge amounts of investment capital to the USA. Everyone on Earth can bank in USA Stablecoins mostly to escape their collapsing currency created by their thieving governments. Europe (EU) publicly announced that they are going to steal everyone's bank accounts in order to "Invest" the money. Every European with a brain will be trading their saved Euro trash (hard to believe that anyone has "savings" in Europe) for Stablecoins...Or better, self-custody Bitcoin.

The EU Borg Collective is going to force CBDC in Oct 2025. Got Stablecoin/Bitcoin?

GENIUS indeed.

[MorTech]

Originally Posted by Boilerman

And the USD is backed up how?

By a military-backed digital printing press

Imagine if you could type whatever number you want into your own bank account

WooHoo!!! Hooter's every night!!!

[MorTech]

Originally Posted by Whatnext

In the land of the blind, the one eyed man is King!

In the real world, the most high IQ and technologically advanced is King!

[MorTech]

Originally Posted by Boilerman

The US national debt is a disaster. Interest payments on that debt currently take 17% of all federal expenditures and it’s more accurately at 22% when you remove the self funded social security payments from the calculations. This year, we’ll spend more on interest payments than we do the defense budget.

Going forward the numbers only get worse and once we reach a tipping point, the USD could crash, with the interest rates on the debt spiraling. The most recent tax bill accelerates all that.

Yeah...It's not good but not a disaster. You want a criminal disaster, just look at the government-infested Sickcare industry.

Lucky for us, the USD is the cleanest shirt in the hamper...Or best horse at the glue factory

With Stablecoin, I suspect the USD will obsolete all other criminal fiat over time.

[MorTech]

Originally Posted by fdpaq0580

Gold and real estate are digital? I did not know that! Guess the matrix is real. Wish the programmer would give me a better program.

Wut?

[MorTech]

Originally Posted by ElDiabloJoe

They just can't all live here. Not enough room, not enough resources (timber, ore, oil, heavy metals, steel, etc.) to support the entire bloody world. Let them improve their own countries. Wait, they haven't done that in centuries.

For perspective, If you placed everyone in the world in Texas, Texas would have the same population density of Paris, France.

Pax Americana means spreading individualism and free association and markets to the globe (an end to collectivist slavery). If you are born high IQ in a third-world dump you would want to leave for America.

[MorTech]

Originally Posted by Taltarzac725

My problem with Bitcoin is that there seems to be very little in the area of good information about it. And it also seems to depend on current events . Not a good mixture unless you are playing a big role in how those events turn out. It just seems like the ultimate in insider trading.

See Michael Saylor and Adam Livingston on Youtube. Also Lyn Alden is brilliant.

[MorTech]

Originally Posted by CoachKandSportsguy

https://x.com/Hannibal9972485/status...78909622194685

������Pay attention this GENIUS act wants your dollars sitting in stablecoins to silently fund U.S. debt…through enforced reserve purchases of Treasuries.
This is monetized surveillance and passive taxation wrapped in fintech packaging.

Basically the U.S. Treasury needs to sell trillions of dollars in bonds to fund deficits.
•Right now, China and Japan are backing away from buying more U.S. debt.
•The Fed is tapering its purchases too.
•So they need a new buyer: YOU, via your stablecoin.

Stablecoins are being redesigned as a passive debt-purchase mechanism.

This is what they mean when they say:

“Every digital dollar will create *trillions in demand for the Treasury.”
It’s not metaphor. It’s a debt trap disguised as digital innovation.
http://1.You buy a stablecoin (Bank of America Coin, CircleUSD, etc.)
2.That issuer — a “Permitted Payment Stablecoin Issuer” (PPSI) — is legally required to hold 1:1 reserves for every coin.
3.Where do they hold those reserves?
Not under a mattress. Not in cash.
→ They’re buying short-term U.S. Treasuries (T-bills, notes, etc.)
4.The bigger the stablecoin market, the bigger the pile of T-bill demand.

The GENIUS Act would basically force every dollar of digital cash to support the U.S. government’s debt.

You’re Being Turned Into a Bond-Backed Hostage Without Consent

Your Money Becomes Illiquid and Government-Controlled

When stablecoin reserves are forced into U.S. Treasuries:
•Your digital dollars are no longer “backed by cash” — they’re backed by government IOUs.
•You can’t redeem instantly if the Treasury market freezes (like in March 2020).
•You don’t control the yield. You don’t earn the interest. The issuer or bank does.

Translation: Your dollar’s sitting in jail earning interest for someone else.

You’re Funding the Government — Without Voting On It

This turns your stablecoin use into passive debt funding for:
•Endless wars
•Bailouts for megabanks
•Surveillance infrastructure (like IRS snooping or digital IDs)

All without legislation, vote, or consent.

You’re now a non-consensual bond buyer just for holding “digital cash.”

They’ll now have a financial motive to:
•Ban algorithmic coins (like DAI/RAI) that don’t support bond buying.
•Kill Bitcoin/ETH usage as stable alternatives.
•Force everyone onto “compliant” rails where bond buying is mandatory.

The system becomes addicted to your stablecoin being a bond buyer. That’s permanent economic capture.

⸻

More Neutral Money — It’s All Politicized

A real dollar — paper or bank cash — is neutral.

A stablecoin forced into Treasuries is:
•Politically tied
•Debt-dependent
•Surveillance-prone
•Built on yield extraction

You lose neutrality. You’re tied to whatever policies the Treasury supports.

This Creates a Hidden Layer of Risk That Could Blow Up

If stablecoin issuers only hold Treasuries, and rates spike or buyers vanish (like in 2023 mini-crises):
•The coins can de-peg if there’s a redemption run.
•Issuers could go under due to mark-to-market losses.
•That loss gets socialized to YOU, the holder — not the issuer.

They’re hijacking your digital dollars to:
•Fund a debt-addicted system,
•Remove your monetary agency,
•Deny you interest or yield,
•Force you onto rails they control.

You don’t get safety. You get surveillance-backed debt peonage.
This is financial servitude hiding under the word “stable.”

That's the system all of humanity has been suffering under for 400 years...Debt-based and criminal fiat currency. Bitcoin is the only escape but it will take some more time.

Stablecoin creates huge demand for USD...potentially 8 billion people. The fiat USD is the best horse in the glue factory.

[MorTech]

Originally Posted by CoachKandSportsguy

Stable coins are just lousy bank accounts…

“he thinks most USD-backed stablecoins are really just deposit accounts on which the depositor is paid no interest nor other consideration, but whose sponsor is able to generate net interest income by investing the deposited assets (typically in highly liquid and very short-duration assets), just like a typical checking account, but without FDIC insurance.”

-Morgan Stanley Research

Not "lousy" if you are residing/banking outside the USA in a third-world dump where the criminal government just steals all your money via taxes and inflation and "bank holidays"/devaluation. People in Argentina/Venezuela/Europe/Africa and almost everywhere else would love a "lousy" USA Stablecoin. All fiat currencies are heading to zero value by their very nature. The USD value collapse is *FAR* slower than every other currency.

[MorTech]

Originally Posted by Whatnext

""This is the USA and not some third-world dump like Europe/UK/Africa.""

Some folks need to get out, travel, and find out how third world Europe/UK are.
In many respect they lead, and US follows.

The City of London/MI6 still has control of the traitor-class in DC but with SOFR destoying LIBOR and XRP/Stablecoin, they will loose. We (And Canada) will finally be free of the colonial slavers/Communists of Europe.

[MorTech]

Originally Posted by Pballer

Are we going back to the 1800s where each bank issued its own paper money currency (stable coin) supposedly backed by gold or silver (USD or treasury bills)? I see that banks (JP Morgan, Citi Bank) are already talking about issuing their own stable coins. It didn't turn out too well in the 1800s.

Stablecoin is USD/UST. At least we have a digital ledger instead of trusting a banker and his locked vault We can watch almost real-time M2 money supply Yes, fiat currency is criminal but it will take some more time for a critical mass of people to figure it out.