LiberLion on Nostr: A New American Monetary System: Coming Soon. Read my analysis. Donald Trump promised ...
A New American Monetary System: Coming Soon.
Read my analysis.
Donald Trump promised that the US will become the crypto capital of the world.
He promised to have reserves in #BTC and pay off debt with “crypto checks”.
What does all this mean?
He said he would control part of the crypto space and convert the dollar monetary system to a new one.
He also said he won't allow #CBDCs, but that doesn't mean he can't back the current dollar with BTC and then issue Bitcoin-backed digital dollars.
He will say this is not CBDC; it is commodity-backed money as it was before 1970; it is hard money.
This new dollar makes sense if it is worth more than the current dollar, e.g. 1 edollar = 10,000 USD, and this means liquefying U S. debts and screwing the T-bond creditors.
What would happen if the U.S. gov't followed BlackRock's plan?
The gov could issue a dollar backed by #Bitcoin
To avoid being considered a #CBDC (Trump has said he wants to ban it), it could issue a digital dollar as a BTC ETF that it holds in reserve.
+BTC reserves +edollars
Read my analysis.
Donald Trump promised that the US will become the crypto capital of the world.
He promised to have reserves in #BTC and pay off debt with “crypto checks”.
What does all this mean?
He said he would control part of the crypto space and convert the dollar monetary system to a new one.
He also said he won't allow #CBDCs, but that doesn't mean he can't back the current dollar with BTC and then issue Bitcoin-backed digital dollars.
He will say this is not CBDC; it is commodity-backed money as it was before 1970; it is hard money.
This new dollar makes sense if it is worth more than the current dollar, e.g. 1 edollar = 10,000 USD, and this means liquefying U S. debts and screwing the T-bond creditors.
What would happen if the U.S. gov't followed BlackRock's plan?
The gov could issue a dollar backed by #Bitcoin
To avoid being considered a #CBDC (Trump has said he wants to ban it), it could issue a digital dollar as a BTC ETF that it holds in reserve.
+BTC reserves +edollars