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This statement by Riad Salame did not get enough attention yesterday, and the interviewer didn’t even realize what was being said. RS is saying that the old dollar deposits in the Lebanese banking system are originally LBP deposits that were converted to USD at some point in the chain....

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Mike Azar

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38,478 görüntüleme • 9 ay önce •via X (Twitter)

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For years the prediction was the same. The dollar is about to collapse. It keeps not happening. Here is the piece most people miss. Dollar strain and record stock markets are not a contradiction. They are two different things. The strain is real. But so is this. Global capital keeps flowing into US assets, because out of the whole world, this is where the growth and the liquidity are. And to buy US assets, you need US dollars. So the flows themselves put a bid under the dollar. Money comes in, it has to become dollars first, and that keeps the dollar strong against everything else. That is why the dollar has not fallen to its death, no matter how many times it was called. The demand for dollars is not sentiment. It is built into the act of buying America.
8:47

For years the prediction was the same. The dollar is about to collapse. It keeps not happening. Here is the piece most people miss. Dollar strain and record stock markets are not a contradiction. They are two different things. The strain is real. But so is this. Global capital keeps flowing into US assets, because out of the whole world, this is where the growth and the liquidity are. And to buy US assets, you need US dollars. So the flows themselves put a bid under the dollar. Money comes in, it has to become dollars first, and that keeps the dollar strong against everything else. That is why the dollar has not fallen to its death, no matter how many times it was called. The demand for dollars is not sentiment. It is built into the act of buying America.

Jeffrey P. Snider

22,132 görüntüleme • 1 ay önce

Most people read the dollar exactly backwards. A rising dollar looks like strength. Strong America, good economy, the Fed doing its job. A falling dollar looks like weakness. Inflation, debasement, the end of dollar dominance. It is the other way around. A rising dollar usually means global funding is tightening. The world is short of dollars and scrambling to find them. That is not strength. That is stress. Think of a hurricane coming and everyone rushing to buy bottled water. The price spikes. That does not mean the water got stronger. It means people are scared and desperate. The dollar works the same way. When it surges against everything at once, it is telling you dollars are getting scarce, not that America is winning. That is why the dollar spikes in crises. The 1997 Asian crisis. 2008. The 2015 emerging market squeeze. March 2020. The 2024 carry trade blow up. The pattern is not random. None of this is really about the Fed or money printing. The dollar's exchange value is mechanical. It runs on the eurodollar system, the offshore dollar funding made of bank balance sheets, collateral, repo, and swaps. The biggest driver is dealer balance sheets. When dealers expand, dollars flow and the world feels calm. When they pull back, dollars get scarce and the dollar climbs. And this is the part everyone gets wrong. When foreign central banks sell US treasuries, the headlines scream that they are dumping America. They are not. They are using their reserves exactly as designed. When their markets are short of dollars, they sell treasuries to supply them. Sell treasuries, the dollar goes up. That is stress, not rejection. Which is why the dollar doom story keeps failing. They said QE would destroy the dollar after 2008. They said the deficits would collapse it. It never happened, because the problem was never too many dollars. It was not enough usable ones in the right places. So when someone tells you a strong dollar means America is strong, be careful. The strongest looking dollar is often the biggest warning sign. And a falling dollar is usually just the storm passing.
21:12

Most people read the dollar exactly backwards. A rising dollar looks like strength. Strong America, good economy, the Fed doing its job. A falling dollar looks like weakness. Inflation, debasement, the end of dollar dominance. It is the other way around. A rising dollar usually means global funding is tightening. The world is short of dollars and scrambling to find them. That is not strength. That is stress. Think of a hurricane coming and everyone rushing to buy bottled water. The price spikes. That does not mean the water got stronger. It means people are scared and desperate. The dollar works the same way. When it surges against everything at once, it is telling you dollars are getting scarce, not that America is winning. That is why the dollar spikes in crises. The 1997 Asian crisis. 2008. The 2015 emerging market squeeze. March 2020. The 2024 carry trade blow up. The pattern is not random. None of this is really about the Fed or money printing. The dollar's exchange value is mechanical. It runs on the eurodollar system, the offshore dollar funding made of bank balance sheets, collateral, repo, and swaps. The biggest driver is dealer balance sheets. When dealers expand, dollars flow and the world feels calm. When they pull back, dollars get scarce and the dollar climbs. And this is the part everyone gets wrong. When foreign central banks sell US treasuries, the headlines scream that they are dumping America. They are not. They are using their reserves exactly as designed. When their markets are short of dollars, they sell treasuries to supply them. Sell treasuries, the dollar goes up. That is stress, not rejection. Which is why the dollar doom story keeps failing. They said QE would destroy the dollar after 2008. They said the deficits would collapse it. It never happened, because the problem was never too many dollars. It was not enough usable ones in the right places. So when someone tells you a strong dollar means America is strong, be careful. The strongest looking dollar is often the biggest warning sign. And a falling dollar is usually just the storm passing.

Jeffrey P. Snider

103,944 görüntüleme • 3 ay önce

Caitlin Long says tokenized securities are dragging banks into tokenized deposits, and predicts stablecoins get squeezed out "I switched from working on tokenized securities to tokenized dollars, because to me, until we have a tokenized dollar, you're not going to have the real benefits of tokenized assets, including securities, commodities, derivatives, loans. Until you can settle the dollar leg in a tokenized form." "The tokenized securities piece is dragging the banking industry into the tokenized dollar piece. And my prediction, this will be controversial in the crypto space, is that tokenized deposits will squeeze out stablecoins, because there's just so much more liquidity behind them." "Tokenized deposits access the entire liquidity of the banking system as a whole, and all the network effects of the banks being networked in the back end of their back offices already. Granted, it's not 24/7." "I had a prep call for a tokenized deposits versus stablecoins panel at the Philadelphia Fed, where the bank folks assumed I was going to be rah-rah stablecoins. I came out and said I think tokenized deposits are going to elbow out stablecoins in velocity and volume over time. It shocked the bankers to hear somebody perceived to be a crypto person saying that."
2:14

Caitlin Long says tokenized securities are dragging banks into tokenized deposits, and predicts stablecoins get squeezed out "I switched from working on tokenized securities to tokenized dollars, because to me, until we have a tokenized dollar, you're not going to have the real benefits of tokenized assets, including securities, commodities, derivatives, loans. Until you can settle the dollar leg in a tokenized form." "The tokenized securities piece is dragging the banking industry into the tokenized dollar piece. And my prediction, this will be controversial in the crypto space, is that tokenized deposits will squeeze out stablecoins, because there's just so much more liquidity behind them." "Tokenized deposits access the entire liquidity of the banking system as a whole, and all the network effects of the banks being networked in the back end of their back offices already. Granted, it's not 24/7." "I had a prep call for a tokenized deposits versus stablecoins panel at the Philadelphia Fed, where the bank folks assumed I was going to be rah-rah stablecoins. I came out and said I think tokenized deposits are going to elbow out stablecoins in velocity and volume over time. It shocked the bankers to hear somebody perceived to be a crypto person saying that."

The Wolf Of All Streets

40,773 görüntüleme • 10 gün önce

Former World Bank Director, Erik Bethel, breaks down a US dollar collapse scenario. “How are they buying it? Well they buy it by printing money. The artificial demand for dollars around the world is largely due to the fact that 60% of central banks have the dollar sitting in reserves. If the dollar isn’t there because nobody wants to use the dollar, we’re screwed. All that artificial demand for dollars disappears and we crater. We’re not going to be able to pay Medicare. And we’re adding $1 trillion of debt every hundred days. You know our government is paying more in interest on our debt, like over $1 trillion in interest alone. We’re paying more in interest, just in interest to service the debt than we are paying for the Defense Department. People start losing faith in the dollar. We see huge amounts of inflation, perhaps hyperinflation.”
17:18

Former World Bank Director, Erik Bethel, breaks down a US dollar collapse scenario. “How are they buying it? Well they buy it by printing money. The artificial demand for dollars around the world is largely due to the fact that 60% of central banks have the dollar sitting in reserves. If the dollar isn’t there because nobody wants to use the dollar, we’re screwed. All that artificial demand for dollars disappears and we crater. We’re not going to be able to pay Medicare. And we’re adding $1 trillion of debt every hundred days. You know our government is paying more in interest on our debt, like over $1 trillion in interest alone. We’re paying more in interest, just in interest to service the debt than we are paying for the Defense Department. People start losing faith in the dollar. We see huge amounts of inflation, perhaps hyperinflation.”

Shawn Ryan

796,156 görüntüleme • 7 ay önce

🚨Peter Schiff: China🇨🇳 is silently dumping the dollar, a US🇺🇸 dollar crisis is coming soon! ‘China is gradually weaning themselves off of the dollar. That’s why, if you look at their holdings of US Treasuries, they’ve actually gone down a bit over the years. If you look at all the new Treasuries we’ve issued over the years, the fact that the Chinese haven’t bought any of them is a big deal because they used to be a main buyer of these assets. Instead of buying more Treasuries, they’ve bought more gold. So if you look at US dollar debt as a percentage of all the reserves the Chinese own, Treasuries are a much smaller percentage of their total reserves than they once were, especially if you consider the appreciation of gold. I would guess the reason they’re not moving more dramatically is because they probably don’t want to cause a crash, the dollar to implode, the Treasury market to implode, because they are trying to sell and want to get a decent price. So I think they’re happy to slowly bleed it off to try to get that good price. They just have to worry about the impact on the dollar, because if they try to dump too many dollars at once, the dollar could go down, and especially if a lot of other countries see that and want to get out. There could be a run on the dollar. If all the holders decide they want to get out, they don’t want to be the last one holding the dollar, and so it becomes a rush, and we could be in a US dollar crisis relatively soon anyway… I think we’re heading for a real crisis in the US, and I think countries that are smart would be trying to get ahead of that by selling whatever they can, as quietly as they can, out of US dollars and any US dollar-denominated debt.’ -Peter Schiff on Going Underground
3:31

🚨Peter Schiff: China🇨🇳 is silently dumping the dollar, a US🇺🇸 dollar crisis is coming soon! ‘China is gradually weaning themselves off of the dollar. That’s why, if you look at their holdings of US Treasuries, they’ve actually gone down a bit over the years. If you look at all the new Treasuries we’ve issued over the years, the fact that the Chinese haven’t bought any of them is a big deal because they used to be a main buyer of these assets. Instead of buying more Treasuries, they’ve bought more gold. So if you look at US dollar debt as a percentage of all the reserves the Chinese own, Treasuries are a much smaller percentage of their total reserves than they once were, especially if you consider the appreciation of gold. I would guess the reason they’re not moving more dramatically is because they probably don’t want to cause a crash, the dollar to implode, the Treasury market to implode, because they are trying to sell and want to get a decent price. So I think they’re happy to slowly bleed it off to try to get that good price. They just have to worry about the impact on the dollar, because if they try to dump too many dollars at once, the dollar could go down, and especially if a lot of other countries see that and want to get out. There could be a run on the dollar. If all the holders decide they want to get out, they don’t want to be the last one holding the dollar, and so it becomes a rush, and we could be in a US dollar crisis relatively soon anyway… I think we’re heading for a real crisis in the US, and I think countries that are smart would be trying to get ahead of that by selling whatever they can, as quietly as they can, out of US dollars and any US dollar-denominated debt.’ -Peter Schiff on Going Underground

Afshin Rattansi

107,856 görüntüleme • 7 ay önce

Alex Krainer (Alex (Sasha) Krainer) lays bare the 1971 collapse of Bretton Woods. The imperial cabal, knowing the dollar would implode, imposed the petrodollar—oil sales locked exclusively in dollars—to enforce global demand for their paper. They marked the United States for depletion and eyed China as the next host. China refused to serve. The entire operation was never a product of elected American institutions. The British hand directed it from the start. “The Bretton Woods system collapsed in 1971. Today is the 10th of August. On 15th August it will be the 55th anniversary of Richard Nixon ‘temporarily’ suspending the convertibility of US dollars into gold. At that point, people running the show in the United States knew that the dollar would collapse, that it would implode like every other fiat currency—currency printed and put into circulation out of thin air. Usually they have a very limited shelf life and always end in high inflation and collapse. So they knew that they needed a Plan B, and they already had a Plan B: to back the value of the US dollar by crude oil exports from oil-exporting countries, which is probably a unique case in history. The very temporary suspension of US convertibility of the dollar was announced by Richard Nixon on 15th August 1971, and then a whole cascade of events followed. One of them was that they knew they were going to deplete the host, the United States. So the imperial cabal, the people who are actually the ultimate beneficiaries of the Western empire of this imperial system, knew they were going to kill the host. They almost immediately designated China as the next globocop. Richard Nixon and Henry Kissinger went to China almost immediately and started negotiations to build up China into the next superpower and to transfer the ownership of ‘globalization’ to China. That didn’t work out, by the way, because the Chinese drew them in, but not with the view to serve them, but with the view to behead the beast. Another thing that they did is they went to oil-exporting countries, principally Saudi Arabia, and made a deal with them: ‘We want you to sell your oil exclusively in US dollars.’ Pretty much everybody had to follow suit. What that does is create a guaranteed demand for US dollars regardless of whether there were any gold reserves backing it or not, because everybody needs oil, and if you need to buy oil you need to buy dollars first. That gave the United States the power to issue their currency practically at their discretion and then buy the world with printed-out pieces of paper. The collateral that was backing this whole operation was initially the crude-oil export from oil-exporting countries. The added twist in this plot is that this is not strictly speaking a US operation. It is not the result of some initiative by legitimate structures of American government—the American representatives that people elect. You see the British hand in practically everything that is being done in the world today.” The petrodollar remains the British-directed mechanism propping up a dying imperial system. Its exposure is overdue.
4:06

Alex Krainer (Alex (Sasha) Krainer) lays bare the 1971 collapse of Bretton Woods. The imperial cabal, knowing the dollar would implode, imposed the petrodollar—oil sales locked exclusively in dollars—to enforce global demand for their paper. They marked the United States for depletion and eyed China as the next host. China refused to serve. The entire operation was never a product of elected American institutions. The British hand directed it from the start. “The Bretton Woods system collapsed in 1971. Today is the 10th of August. On 15th August it will be the 55th anniversary of Richard Nixon ‘temporarily’ suspending the convertibility of US dollars into gold. At that point, people running the show in the United States knew that the dollar would collapse, that it would implode like every other fiat currency—currency printed and put into circulation out of thin air. Usually they have a very limited shelf life and always end in high inflation and collapse. So they knew that they needed a Plan B, and they already had a Plan B: to back the value of the US dollar by crude oil exports from oil-exporting countries, which is probably a unique case in history. The very temporary suspension of US convertibility of the dollar was announced by Richard Nixon on 15th August 1971, and then a whole cascade of events followed. One of them was that they knew they were going to deplete the host, the United States. So the imperial cabal, the people who are actually the ultimate beneficiaries of the Western empire of this imperial system, knew they were going to kill the host. They almost immediately designated China as the next globocop. Richard Nixon and Henry Kissinger went to China almost immediately and started negotiations to build up China into the next superpower and to transfer the ownership of ‘globalization’ to China. That didn’t work out, by the way, because the Chinese drew them in, but not with the view to serve them, but with the view to behead the beast. Another thing that they did is they went to oil-exporting countries, principally Saudi Arabia, and made a deal with them: ‘We want you to sell your oil exclusively in US dollars.’ Pretty much everybody had to follow suit. What that does is create a guaranteed demand for US dollars regardless of whether there were any gold reserves backing it or not, because everybody needs oil, and if you need to buy oil you need to buy dollars first. That gave the United States the power to issue their currency practically at their discretion and then buy the world with printed-out pieces of paper. The collateral that was backing this whole operation was initially the crude-oil export from oil-exporting countries. The added twist in this plot is that this is not strictly speaking a US operation. It is not the result of some initiative by legitimate structures of American government—the American representatives that people elect. You see the British hand in practically everything that is being done in the world today.” The petrodollar remains the British-directed mechanism propping up a dying imperial system. Its exposure is overdue.

🅰pocalypsis 🅰pocalypseos 🇷🇺 🇨🇳 🅉

22,620 görüntüleme • 1 ay önce

A Dollar shortage + oil shortage isn't supposed to be possible. The demand for oil is inversely correlated to the value of the Dollar. Under normal supply situations, the higher the Dollar the less oil nations can afford, which reduces demand. What's different this time is there's an engineered supply shock to global oil, but not in the U.S. As nations are starved of oil, their economies slow. Their ability to sell goods to the U.S. declines, which means they receive less Dollars that they need to service their debt. At the same time, the U.S. is still open for business, exporting oil for Dollars, which sucks Dollars back into the U.S. The more the U.S. exports, the less Dollars are in circulation for the rest of the world, raising the value of the Dollar when there's an oil shortage. Again, the Dollar & Oil going up at the same time isn't supposed to be possible, but that's exactly what's about to happen. This leads to a massive disruption in the global debt market, which tightens loan supply, reducing the ability to get Dollars, increasing the risk of defaults while forcing nations to sell their U.S. Dollar denominated assets below face value. e.g. U.S. treasuries
3:55

A Dollar shortage + oil shortage isn't supposed to be possible. The demand for oil is inversely correlated to the value of the Dollar. Under normal supply situations, the higher the Dollar the less oil nations can afford, which reduces demand. What's different this time is there's an engineered supply shock to global oil, but not in the U.S. As nations are starved of oil, their economies slow. Their ability to sell goods to the U.S. declines, which means they receive less Dollars that they need to service their debt. At the same time, the U.S. is still open for business, exporting oil for Dollars, which sucks Dollars back into the U.S. The more the U.S. exports, the less Dollars are in circulation for the rest of the world, raising the value of the Dollar when there's an oil shortage. Again, the Dollar & Oil going up at the same time isn't supposed to be possible, but that's exactly what's about to happen. This leads to a massive disruption in the global debt market, which tightens loan supply, reducing the ability to get Dollars, increasing the risk of defaults while forcing nations to sell their U.S. Dollar denominated assets below face value. e.g. U.S. treasuries

Financelot

185,948 görüntüleme • 5 ay önce

Khosla Ventures' Keith Rabois explains how a mere blip in the Anthropic or OpenAI IPOs would be catastrophic for the venture-funded AI ecosystem: "The most devastating thing to the frothy hype, traction, and funding of AI from VCs would be if Anthropic or OpenAI has a blip in their IPOs." "Do they have to show metrics over the next month to first few quarters that cause people to value either company less than the current belief that they will trade in the trillions? They could have a miss on revenue traction, a miss on margins, something like that." "That would be catastrophic. It would immediately reset virtually all the valuations in the AI world. And probably deprive half the companies that are raising money from access to capital." "I'm not saying that is going to happen, or is likely. And I think if they miss, it would be more on the margin side than on the revenue side." "But if they do, everybody is predicating their new investments in dollars on the idea that you can build a trillion-dollar company within the lifecycle of a venture fund. There are 2 examples, currently, and there are several companies that people believe have the potential to get there." "If that changes, and you cannot predict that more trillion-dollar companies can be created, then the valuations that people are investing at, and the dollars that are being invested, do not make that much sense."
2:36

Khosla Ventures' Keith Rabois explains how a mere blip in the Anthropic or OpenAI IPOs would be catastrophic for the venture-funded AI ecosystem: "The most devastating thing to the frothy hype, traction, and funding of AI from VCs would be if Anthropic or OpenAI has a blip in their IPOs." "Do they have to show metrics over the next month to first few quarters that cause people to value either company less than the current belief that they will trade in the trillions? They could have a miss on revenue traction, a miss on margins, something like that." "That would be catastrophic. It would immediately reset virtually all the valuations in the AI world. And probably deprive half the companies that are raising money from access to capital." "I'm not saying that is going to happen, or is likely. And I think if they miss, it would be more on the margin side than on the revenue side." "But if they do, everybody is predicating their new investments in dollars on the idea that you can build a trillion-dollar company within the lifecycle of a venture fund. There are 2 examples, currently, and there are several companies that people believe have the potential to get there." "If that changes, and you cannot predict that more trillion-dollar companies can be created, then the valuations that people are investing at, and the dollars that are being invested, do not make that much sense."

TBPN

78,606 görüntüleme • 13 gün önce

In 1971, the U.S. literally ran out of money. Back then, the dollar was backed by gold, which meant every paper dollar represented real gold sitting in U.S. reserves. The problem was the country was spending way more than it earned, printing dollars that didn’t have enough gold to back them. As other countries realized this, they started trading their dollars in for gold. The gold reserves began to drain fast. That Sunday night, President Nixon went on TV and told the world the U.S. was “suspend temporarily convertibility” of dollars into gold. What that really meant was the U.S. couldn’t pay what it owed in real money anymore. At that time, Ray Dalio was a young clerk on the floor of the New York Stock Exchange. He thought markets would collapse the next day. Instead, stocks soared. The U.S. had just made money worth less, and when that happens, asset prices usually rise. He later found out the same thing had happened in 1933 when FDR also cut the gold link. Both times, the U.S. printed more paper money to keep spending, and each dollar ended up buying less. That moment in 1971 changed the entire global system. From then on, money wasn’t something you could exchange for gold, it became a promise backed only by trust. And that’s where the connection to today comes in. Trust in that promise is fading again. Inflation is running above target, the dollar is sliding, and people are moving into things that don’t rely on faith in any government such as gold and bitcoin. Foreign investors aren’t pulling away from America, but they are protecting themselves. They’re still buying U.S. assets, just not without hedging the risk. They don’t want to be caught holding paper that keeps losing value. Dalio’s story shows how this cycle keeps repeating. The system runs on confidence until it doesn’t. And every time it slips, people turn back to hard assets, not because they want to, but because they have to.
4:04

In 1971, the U.S. literally ran out of money. Back then, the dollar was backed by gold, which meant every paper dollar represented real gold sitting in U.S. reserves. The problem was the country was spending way more than it earned, printing dollars that didn’t have enough gold to back them. As other countries realized this, they started trading their dollars in for gold. The gold reserves began to drain fast. That Sunday night, President Nixon went on TV and told the world the U.S. was “suspend temporarily convertibility” of dollars into gold. What that really meant was the U.S. couldn’t pay what it owed in real money anymore. At that time, Ray Dalio was a young clerk on the floor of the New York Stock Exchange. He thought markets would collapse the next day. Instead, stocks soared. The U.S. had just made money worth less, and when that happens, asset prices usually rise. He later found out the same thing had happened in 1933 when FDR also cut the gold link. Both times, the U.S. printed more paper money to keep spending, and each dollar ended up buying less. That moment in 1971 changed the entire global system. From then on, money wasn’t something you could exchange for gold, it became a promise backed only by trust. And that’s where the connection to today comes in. Trust in that promise is fading again. Inflation is running above target, the dollar is sliding, and people are moving into things that don’t rely on faith in any government such as gold and bitcoin. Foreign investors aren’t pulling away from America, but they are protecting themselves. They’re still buying U.S. assets, just not without hedging the risk. They don’t want to be caught holding paper that keeps losing value. Dalio’s story shows how this cycle keeps repeating. The system runs on confidence until it doesn’t. And every time it slips, people turn back to hard assets, not because they want to, but because they have to.

StockMarket.News

95,018 görüntüleme • 11 ay önce

Crypto set out to replace the dollar but stablecoins gave it the best distribution network "The early crypto movement was not subtle about its ambitions. The banks were obsolete. Fiat currencies were doomed. The dollar was a melting ice cube and blockchains were going to build an entirely new financial system outside Washington's control." "Then crypto conquered the world and gave almost everyone a better way to use dollars. That is not the ending that the revolutionaries originally had in mind." "The stablecoin market has grown beyond $300 billion, and approximately 98% of its value is denominated in United States dollars. Not the Euro or the yen or the Chinese yuan. The dollar." "The most successful financial product crypto has created for global use is not a new currency at all. It's an old currency with new and better rails."
0:54

Crypto set out to replace the dollar but stablecoins gave it the best distribution network "The early crypto movement was not subtle about its ambitions. The banks were obsolete. Fiat currencies were doomed. The dollar was a melting ice cube and blockchains were going to build an entirely new financial system outside Washington's control." "Then crypto conquered the world and gave almost everyone a better way to use dollars. That is not the ending that the revolutionaries originally had in mind." "The stablecoin market has grown beyond $300 billion, and approximately 98% of its value is denominated in United States dollars. Not the Euro or the yen or the Chinese yuan. The dollar." "The most successful financial product crypto has created for global use is not a new currency at all. It's an old currency with new and better rails."

The Wolf Of All Streets

30,591 görüntüleme • 10 gün önce

🚨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
4:51

🚨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 görüntüleme • 1 yıl önce

🔥🚨BREAKING: After announcing that he was starting a fund from his money with Oprah, Dwayne ‘The Rock’ Johnson is now asking for donations to assist the victims of the Maui fires in Hawaii as he surveys the area. The $5 million dollars that him and Oprah gave was only the startup fund which means taxpayers are being asked to help by donating to their fund. The money that Dwayne and Oprah donated actually went to their company. Not one dollar has gone to the victims. In theory, what they did would be no different than a during a standard company start-up. They put funds up to create a system to receive funds. Why do the victims of Maui have to wait on taxpayer dollars when $10 million dollars are in their ledger’s balance?
2:25

🔥🚨BREAKING: After announcing that he was starting a fund from his money with Oprah, Dwayne ‘The Rock’ Johnson is now asking for donations to assist the victims of the Maui fires in Hawaii as he surveys the area. The $5 million dollars that him and Oprah gave was only the startup fund which means taxpayers are being asked to help by donating to their fund. The money that Dwayne and Oprah donated actually went to their company. Not one dollar has gone to the victims. In theory, what they did would be no different than a during a standard company start-up. They put funds up to create a system to receive funds. Why do the victims of Maui have to wait on taxpayer dollars when $10 million dollars are in their ledger’s balance?

Dom Lucre | Breaker of Narratives

7,922,700 görüntüleme • 3 yıl önce

Alex Krainer (Alex (Sasha) Krainer) identifies the single remaining mechanism that still holds the Western empire together. While debts explode and European banks sit on even thinner ice than American ones, the only glue left is the petrodollar. Russia and China understand this. Iran is now in a position to strike it directly. “The only way this whole empire is being held together, the only glue that holds it together is in fact the petrodollar. And I think that this is very obvious to the Russians and to the Chinese. And so I think that destroying the petrodollar has to be an important objective in the resistance against the empire. Now, I don’t think that the Russians or the Chinese are inclined to make very aggressive moves to deliberately crash the petrodollar because they don’t have to. It’s going to implode anyway. It’s important to understand for our viewers that most of the US dollars in circulation today, an estimated 60%, circulate outside of the United States. So it’s not just a US American financial problem; it’s the whole world. And so many countries hold their reserve assets in US dollars. Many countries have their pension funds invested in US dollar assets. So a collapse of the petrodollar and the US dollar could end up being the same event. I don’t know that the Trump administration is going to manage to insulate their domestic dollar against the dollar circulating outside of the United States. And there’s something between 20 and 30 trillion dollars of US-denominated assets owned by foreigners. And so destabilizing the dollar deliberately would risk consequences that would be detrimental to many nations around the world. It will exacerbate food price inflation, which would be very devastating to many ‘Global South’ countries. So it’s important to build alternatives to give countries time to prepare for the adjustment and to let the dollar unravel under its own momentum. But Iran has a different incentive in this whole thing. And I think the Iranians are now perfectly in position to strike at the petrodollar by conditioning passage through the Strait of Hormuz: the ship can pass if the cargo was paid in Chinese yuan or Russian rubles or Indian rupee or whatever it be and not in US dollars. So that’s already exacerbating the pressure on the US dollar, and the Chinese and the Russians don’t have to take any aggressive active measures against that.” The petrodollar is the last structural support. Once it goes, the rest of the system follows.
3:18

Alex Krainer (Alex (Sasha) Krainer) identifies the single remaining mechanism that still holds the Western empire together. While debts explode and European banks sit on even thinner ice than American ones, the only glue left is the petrodollar. Russia and China understand this. Iran is now in a position to strike it directly. “The only way this whole empire is being held together, the only glue that holds it together is in fact the petrodollar. And I think that this is very obvious to the Russians and to the Chinese. And so I think that destroying the petrodollar has to be an important objective in the resistance against the empire. Now, I don’t think that the Russians or the Chinese are inclined to make very aggressive moves to deliberately crash the petrodollar because they don’t have to. It’s going to implode anyway. It’s important to understand for our viewers that most of the US dollars in circulation today, an estimated 60%, circulate outside of the United States. So it’s not just a US American financial problem; it’s the whole world. And so many countries hold their reserve assets in US dollars. Many countries have their pension funds invested in US dollar assets. So a collapse of the petrodollar and the US dollar could end up being the same event. I don’t know that the Trump administration is going to manage to insulate their domestic dollar against the dollar circulating outside of the United States. And there’s something between 20 and 30 trillion dollars of US-denominated assets owned by foreigners. And so destabilizing the dollar deliberately would risk consequences that would be detrimental to many nations around the world. It will exacerbate food price inflation, which would be very devastating to many ‘Global South’ countries. So it’s important to build alternatives to give countries time to prepare for the adjustment and to let the dollar unravel under its own momentum. But Iran has a different incentive in this whole thing. And I think the Iranians are now perfectly in position to strike at the petrodollar by conditioning passage through the Strait of Hormuz: the ship can pass if the cargo was paid in Chinese yuan or Russian rubles or Indian rupee or whatever it be and not in US dollars. So that’s already exacerbating the pressure on the US dollar, and the Chinese and the Russians don’t have to take any aggressive active measures against that.” The petrodollar is the last structural support. Once it goes, the rest of the system follows.

🅰pocalypsis 🅰pocalypseos 🇷🇺 🇨🇳 🅉

19,563 görüntüleme • 1 ay önce

This house literally looks like a shack and the owners originally listed it for $19 million dollars, yes million, later on they dropped it to $18 mil, would you spend $18 mil for this? When you think of a $18 million dollar home for most people this isn’t what they envision. Even if it is in Aspen Colorado, are you dropping that kind of coin on this? When I visited California, in the San Francisco area I was greeted by these historic looking houses, did they blow me away? No not at all but they were nice, many of them weren’t too modern though but I guess some people would say it adds to the charm. These houses were being listed for millions of dollars and I get it, California property is considered prime real estate in many of their neighborhoods but for me it’s not justifiable. In my mind I know what the house has to look like and have for me to consider it and a house like that isn’t it. I’m looking for a forever home in a few years so I’m keeping my eyes open but for now it amazes me that people even consider dropping that kind of money for a home that’s not even worth a fraction of what they are asking for them. Back to this house in Aspen, what would you expect to realistically pay for something like this? I saw $150k tops, what’s your guess?
1:44

This house literally looks like a shack and the owners originally listed it for $19 million dollars, yes million, later on they dropped it to $18 mil, would you spend $18 mil for this? When you think of a $18 million dollar home for most people this isn’t what they envision. Even if it is in Aspen Colorado, are you dropping that kind of coin on this? When I visited California, in the San Francisco area I was greeted by these historic looking houses, did they blow me away? No not at all but they were nice, many of them weren’t too modern though but I guess some people would say it adds to the charm. These houses were being listed for millions of dollars and I get it, California property is considered prime real estate in many of their neighborhoods but for me it’s not justifiable. In my mind I know what the house has to look like and have for me to consider it and a house like that isn’t it. I’m looking for a forever home in a few years so I’m keeping my eyes open but for now it amazes me that people even consider dropping that kind of money for a home that’s not even worth a fraction of what they are asking for them. Back to this house in Aspen, what would you expect to realistically pay for something like this? I saw $150k tops, what’s your guess?

SonnyBoy🇺🇸

118,717 görüntüleme • 2 ay önce

Rogin: in order to buy Scott's defense, you would have to ignore what everybody knows, which is that they set up this ICE system in a hurry with billions of dollars by hiring thousands of unqualified people and denying them the proper training to do that job, and then giving them these quotas for arrests where they let them loose on these communities in a systematic way. The direction came from the top. The system was designed from the top, and it functioned as designed, which was to terrorize these communities.
1:57

Rogin: in order to buy Scott's defense, you would have to ignore what everybody knows, which is that they set up this ICE system in a hurry with billions of dollars by hiring thousands of unqualified people and denying them the proper training to do that job, and then giving them these quotas for arrests where they let them loose on these communities in a systematic way. The direction came from the top. The system was designed from the top, and it functioned as designed, which was to terrorize these communities.

Acyn

127,920 görüntüleme • 1 ay önce

🚨💵Peter Schiff: Sanctions on Russia🇷🇺 marked the beginning of the end of the dollar as the world’s reserve currency “I was very critical at the time of the Biden sanctions against Russia, and I said that would come back to bite the US because I knew how critical the dollar’s reserve currency status was to propping up the US economy. I said that Biden just sent a very loud message, a warning to the world that they need to get rid of their dollars, that they could be the next Russia. If they do something that the United States doesn’t like, they’ve got that weapon. And so why would you want to enable the United States with a weapon to use against you? So I said this is going to result in a lot of selling of US dollars and US Treasuries. And that’s exactly what happened. The reason that gold is over $3300 an ounce is because central banks are getting rid of their dollars. And one of the reasons that the yield on US Treasuries just hit a new multi-year high and continues to rise is because we don’t have all the foreign buyers that Biden scared away. I think we’ve already established the precedent that the dollar is not sacrosanct. And if you’re a nation and you have US dollars, you have US Treasuries and you own them in good faith in that you would trust that they would be a reserve asset, a neutral reserve asset. We’ve already established a precedent that that’s not the case, that we can yank the rug out from under you whenever we want. So I think regardless of what Trump does now, if I was in China or any of these countries, especially China, because, you know, we vilify China, we say China’s our enemy. Okay, well, if China’s our enemy, why the hell do they want to leave themselves vulnerable by owning all of our bonds? And it’s not just Treasuries that they own. They own mortgage-backed securities. They have a tremendous amount of dollar-denominated assets, so I would be completely divesting as quickly as I could.” -Peter Schiff on Going Underground
2:35

🚨💵Peter Schiff: Sanctions on Russia🇷🇺 marked the beginning of the end of the dollar as the world’s reserve currency “I was very critical at the time of the Biden sanctions against Russia, and I said that would come back to bite the US because I knew how critical the dollar’s reserve currency status was to propping up the US economy. I said that Biden just sent a very loud message, a warning to the world that they need to get rid of their dollars, that they could be the next Russia. If they do something that the United States doesn’t like, they’ve got that weapon. And so why would you want to enable the United States with a weapon to use against you? So I said this is going to result in a lot of selling of US dollars and US Treasuries. And that’s exactly what happened. The reason that gold is over $3300 an ounce is because central banks are getting rid of their dollars. And one of the reasons that the yield on US Treasuries just hit a new multi-year high and continues to rise is because we don’t have all the foreign buyers that Biden scared away. I think we’ve already established the precedent that the dollar is not sacrosanct. And if you’re a nation and you have US dollars, you have US Treasuries and you own them in good faith in that you would trust that they would be a reserve asset, a neutral reserve asset. We’ve already established a precedent that that’s not the case, that we can yank the rug out from under you whenever we want. So I think regardless of what Trump does now, if I was in China or any of these countries, especially China, because, you know, we vilify China, we say China’s our enemy. Okay, well, if China’s our enemy, why the hell do they want to leave themselves vulnerable by owning all of our bonds? And it’s not just Treasuries that they own. They own mortgage-backed securities. They have a tremendous amount of dollar-denominated assets, so I would be completely divesting as quickly as I could.” -Peter Schiff on Going Underground

Going Underground

16,526 görüntüleme • 5 ay önce

"Young Americans hate you. They view you as a bunch of paternalistic dickheads who crashed the system in 2008" Austin on why the bank lobby has gotten old, out of touch, and is losing the stablecoin debate "The bank lobby has gotten incredibly old and out of touch. SoFi has opened more accounts over the last few years than all of the big four combined. They don't like you guys" "You're arguing things that are factually wrong and the people who are informed on finance understand this. Anybody saying US dollar stablecoins cause deposits to leave the banking system in aggregate does not understand how bank deposits work" "It is not mechanically possible for that to happen. Bank deposits are destroyed when you take money out of an ATM, when you repay a loan, when a bank sells an asset off the balance sheet. None of those involve a stablecoin"
1:14

"Young Americans hate you. They view you as a bunch of paternalistic dickheads who crashed the system in 2008" Austin on why the bank lobby has gotten old, out of touch, and is losing the stablecoin debate "The bank lobby has gotten incredibly old and out of touch. SoFi has opened more accounts over the last few years than all of the big four combined. They don't like you guys" "You're arguing things that are factually wrong and the people who are informed on finance understand this. Anybody saying US dollar stablecoins cause deposits to leave the banking system in aggregate does not understand how bank deposits work" "It is not mechanically possible for that to happen. Bank deposits are destroyed when you take money out of an ATM, when you repay a loan, when a bank sells an asset off the balance sheet. None of those involve a stablecoin"

Laura Shin

24,065 görüntüleme • 3 ay önce

“Basically, in order to buy Scott's defense of ICE, you would have to ignore what everybody knows, which is that they set up this ICE system in a hurry, with billions of dollars, by hiring thousands of unqualified people and then denying them the proper training to do that job. And then giving them these quotas for arrests, where they let them loose on these communities in a systematic way. The direction came from the top. The system was designed from the top. And it functioned as designed, which was to terrorize these communities. And everybody knows that. And the abuses are a predictable and predicted outcome of that system, from the very beginning. And everybody knows that.”
0:37

“Basically, in order to buy Scott's defense of ICE, you would have to ignore what everybody knows, which is that they set up this ICE system in a hurry, with billions of dollars, by hiring thousands of unqualified people and then denying them the proper training to do that job. And then giving them these quotas for arrests, where they let them loose on these communities in a systematic way. The direction came from the top. The system was designed from the top. And it functioned as designed, which was to terrorize these communities. And everybody knows that. And the abuses are a predictable and predicted outcome of that system, from the very beginning. And everybody knows that.”

Josh Rogin

153,011 görüntüleme • 1 ay önce