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I Strongly disagree with Vance on this, does he think we are not paying enough for items already? How stupid is this, J D Vance questions the U. S. Dollar as the Worlds Currency since World War 2. He seems to think making a weaker Dollar could benefit Domestic...

11,856 Aufrufe • vor 14 Tagen •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

Autism Capital 🧩

365,662 Aufrufe • vor 1 Jahr

Wow...JD Vance 2028? This guy's messaging is flawless. Just listen. A reporter pressed him on how Americans should react to tariffs if they "raise prices" - Vance flips it back perfectly. "What I say to the American people is, look: the president ran on this, and he said very clearly that we're done being the piggy bank of the entire world." "For 40 years in the same way that our European friends, I think, have neglected international security, for 40 years a lot of our friends all over the world have used America as a piggy bank... have used us to absorb all of their excess economic production." "What does that mean for Americans? For Americans, that's meant manufacturing jobs declining, that's meant middle class wages going down, that's meant whole towns that have been hollowed out." "Empty factories - and that means an America that is less safe, because our manufacturing isn't as powerful now as it was 30 years ago." "I've got all these brave Americans in front of me and a few behind me too. We've got to send, if God forbid, we have to send Americans to war, we want them to have weapons, the best weapons in the world that are manufactured in America and not in China." "The way you do that is to rebuild the American manufacturing sector. The days of America being the piggy bank of the world... the days of closed factories, the days of people not being able to get a middle class job in this country, they're over." "And yes, that means we're gonna have to fight back even against some of our friends and their unfair economic practices. But the long term consequence of this is gonna be higher wages, more manufacturing, and more economic security for the American people." JD Vance - MASTERCLASS.

Eric Daugherty

6,114,989 Aufrufe • vor 1 Jahr