Lutnick controls Tether "stablecoin" that holds domestically 3rd largest amount of unplayable US gov debt. It recirculates USD into BTC and then back to USG debt. Its a ponzi.
It is a liquidity sink and Op to control coming USG debt crash.
If you don't get it, you need to study USG financial plumbing.
Lutnick controls Tether "stablecoin" that holds domestically 3rd largest amount of unplayable US gov debt. It recirculates USD into BTC and then back to USG debt. Its a ponzi.
It is a liquidity sink and Op to control coming USG debt crash.
If you don't get it, you need to study USG financial plumbing.
Am aware.
The other fun thing about stable coin is, one you convince everyone a stable coin is worth a dollar, you can just print your own stable coins.
There's no oversight. It's an even better deal than being a central bank.
A few years ago, there was evidence there's more tethers than there are dollars in tether collateral, but that's all been memoryholed.