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11 sats \ 2 replies \ @freetx OP 15 Dec \ parent \ on: Total Balance Sheet Dominance: A Bold Strategy for U.S. Economic Supremacy Politics_And_Law
it would be stupid to announce it beforehand and move the prices
Normally this would be very true. However you might not be aware, but the gold held by US is by law valued only at $42.2222 per oz. Therefore anything above that is a bonus from accounting standpoint.
Thats not the main point, however the point is to destroy the gold market. Announcing that you intend to destroy the market is the entire point. Ideally the price should be driven down to $43/oz and stay there forever.
Mandate Tether to move to US soil? Are you 13 y.o.?
Such a law wouldn't single out Tether by name, however only mandate that US treasury can only sell bonds directly to entities that are headquartered under US jurisdiction. Tether would be fine to stay offshore and buy their bonds on 2nd hand market and pay the appropriate mark-up. USDC (Circle/Coinbase/etc) would have the advantage then and thus make more money.
Anyway, do you not think that Tether would love to be HQ-ed in US and protected by law?
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0 sats \ 1 reply \ @SwapMarket 15 Dec
Destroy the market after you sell your stash, not before. Restricting foreign buyers will instantly bankrupt USA.
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11 sats \ 0 replies \ @freetx OP 15 Dec
Restricting foreign buyers will instantly bankrupt USA.
Not restricting in general. For stablecoin providers!
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