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A system that keeps us poor while making others rich. For decades African nations have traded in the US dollar💲but the dollar was never made for Africa, it was made to control u! Why should Africa keep using a currency that we don't control? 🌍

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New Direction AFRICA

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15,479 görüntüleme • 5 ay önce •via X (Twitter)

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🚨NEW: Adam Curry nicely breaks down how Stablecoins work, Tether, and the likely future of the US Digital Dollar system. (Worth a watch if you don't know about this subject) "A stablecoin is a digital dollar thats pegged to the dollar so it's always a dollar. It's already being used all over the internet and the world. The only reason it's worth a dollar is because the stablecoin company that creates it has debt and paper to back it up. They buy America's debt, they buy treasury bonds or T-bills that pay a dividend that gives interest, and for each dollar they've bought in treasury they can create stablecoins. If you look at the company Tether they've bought more of the US debt than most countries. They have $160B worth of US debt. For each of those dollars they have a stablecoin. There's like 50 people in the company. They have $160B at 4% interest annually, they're making BANK just for holding this debt. I think that President Trump is very smart in seeing that we can flood the world with our stablecoin and we get a 2-for-1. We create a dollar of debt and we create another dollar that can be used all over the world as a reserve currency and that should result in some new monetary system that we need to come up with to have our dollar valued properly but also still remain the reserve currency and remain a strong export country. We don't make anything that we sell abroad, we can't all serve each other burgers and fries -- we have to build something. All of that went overseas. There's something big coming, and it has to happen. Trump is a meta guy. He's going to re-finance the country. It'll be digital and he Bitcoiners don't like this because they want Bitcoin to be the one currency that everyone uses but its now more like a digital gold that's much easier to move around. It's useful but it isn't money or currency the way it was originally intended -- but it is still very important and will be part of the US' strategic reserve. It looks to me like Stablecoins and Tether in particular will be the future of the US dollar payments. A lot of people on the right are afraid of being controlled on a grid because you can stop stablecoins -- but it seems there's no way of getting around some form of a digital dollar. I still like Bitcoin as a backup to protect from that control." Great breakdown Adam Curry - curryirc.com
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Trump continues to insist that BRICS wants to destroy the dollar. ‘If we lose the dollar’s ​​status as a world currency, it will be like losing a war, a big world war. We will not allow that to happen. There is a saying: ‘the dollar is king’. The dollar is king. And we are going to keep it that way! If anyone wants to challenge that, they can, but they will have to pay a high price for it. And I don’t think any of them are willing to pay that price.’ There is no plan for a BRICS dollar. Only thing there might be is a non-SWIFT payment system and encouraging countries to use their own dollar. Slavyangrad

Zlatti71

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The western media always made Africa to look poor, thanks to the internet for helping us demystify such Propaganda!
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The western media always made Africa to look poor, thanks to the internet for helping us demystify such Propaganda!

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