In the past, people in 3rd world countries could get US dollars only by permission of their local banks (ie. under central government control), or by smuggling them.
Now the average 3rd world citizen can have access to US dollars (or a close derivative) by having an account with a crypto-exchange, based anywhere in the world, and using their cellphone.
Tether is already a top-ten holder of US Treasuries, greater than most governments or investment funds.
So this is all a very interesting scheme to extend the reach of the US dollar and increase demand for US Treasuries.
So we can also expect continued, growing huge Fed.gov deficits.
So this is all a very interesting scheme to extend the reach of the US dollar and increase demand for US Treasuries.
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Bingo! If this crypto scheme fails, Plan B, US Gold backed 50 year Treasury notes redeemable in Gold may stop the bleeding.
Judy Shelton has numerous interviews about this. The only problem with these? We will need to audit our Gold Resetves, ( still waiting on that promise)…Shelton last week stated she is sure we have the 8,000 tons….and if not we would have to buy Gold from the market….strange remark.