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344 sats \ 3 replies \ @justin_shocknet 10h \ on: Paolo Ardoino On Why Tether Is Necessary bitcoin
I've long mocked the pointlessness of "decentralizing" a debt token from a centralized entity, and "Bitcoin" companies that seemingly only exist to be an extension of Tether through products like Liquid...
But the plan is coming more into view now as the script plays out, from El Salvador to Lutnick... there's no coincidences, and the way Tether is fitting into the picture of global dollarization didn't just happen organically, it's clearly part of the same plan as Bitcoin, to preserve US national security during the US's extrication from the globalist banks.
- Tether is how [THEY] will monetize the treasuries into currency without the Fed.
- Tether is how [THEY] avoid Dutch Disease of the dollar without issuing more debt.
- Tether is how [THEY] circumvent the globalist bankers in countries abroad who still hold the worlds dollar denominated debt.
The world must dollarize (destroying all lesser fiats) before it can Bitcoinize, creating the final boss pair of Bitcoin:Debt, and Tether is revealing itself to be a big part of the how that is executed.
Don’t forget people just want dollars worldwide.
If a Chinese citizen is given a choice to put his life savings in dollars, yuan, or bitcoin I am 90% sure they will choose dollars and they are the biggest threat (if you believe the media) to American power.
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More importantly I think is that they don't necessarily want dollars, but need dollars in as much as they need stuff.
Even if they kept their wealth in Bitcoin instead of Yuan to protect their purchasing power, that power is a proxy for ability to buy dollars to then exchange for stuff, and stuff is the security for debt issuance.
Debt = Dollars = Stuff
The "suddenly" part is when Bitcoin buys stuff directly, but there's a whole lot of fiat dominoes to fall between now and the final dollar dominoe.
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Fantastic answer
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