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
Li₿ΞʁLiøη 🏴a³
npub1wp…hzs7p
2024-11-17 11:38:09
Author Public Key
npub1wpzpvzfkn4m754fasp0wnt6ck20ycww4kz9nj4n5rquu9ul7a0xq4hzs7pPublished at
2024-11-17 11:38:09Event JSON
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"content": "A New American Monetary System: Coming Soon.\n\nRead my analysis.\n\nDonald Trump promised that the US will become the crypto capital of the world.\nHe promised to have reserves in #BTC and pay off debt with “crypto checks”.\n\nWhat does all this mean?\nHe said he would control part of the crypto space and convert the dollar monetary system to a new one.\n\nHe 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.\nHe will say this is not CBDC; it is commodity-backed money as it was before 1970; it is hard money.\n\nThis 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.\n\nWhat would happen if the U.S. gov't followed BlackRock's plan?\n\nThe gov could issue a dollar backed by #Bitcoin \nTo 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. \n +BTC reserves +edollars",
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