Posted on 09/17/2025 8:20:08 AM PDT by delta7
Dollar-pegged stablecoins touted as digital payment ‘revolution’ but could easily be de-pegged and devalued to offload national debt….
‘Down’ as compared to what?..................
More quackery ...
How does that “offload the national debt?”
This article is written by a demented person.
Dollar “down” makes U.S. exports cheaper to foreign buyers, dollar “up” makes U.S. exports cost more to foreign buyers.
I imagine our Treasury Secretary is having some affect on the dollar supply and by that mechanism the dollar’s value.
Dollar-pegged stablecoins touted as digital payment ‘revolution’ but could easily be de-pegged and devalued to offload national debt….
Retarded. Mentally retarded. If it’s a Dollar-pegged coin, it’s got all the liability of the inflating away dollar. If you de-peg it, that is no different than inflating away the dollar.
Store up your beans and rice.
Yes, Stablecoins are an end-run around those foreign central banks and governments that strictly control foreign exchange. Anyone in Africa or Asia with a mobile phone can buy 1:1 US dollar linked Stablecoin derivative, with zero control from their government. It further dollarizes the world
What I find funny/ironic is how no one is using the leftist/statist language we often hear: "it will be used by drug dealers and terrorists"
But as to a "rug pull" where someday the Stablecoins will be suddenly "de-linked:" maybe, but US politicians could only do it one time, and then all trust is lost. Moreover, the US Govt could have already done that with treasury bonds - declare that certain foreign holders will not be paid, etc... And they have not.
The US government has no ownership or bearing on any “US Stablecoin.” None are US government financial instruments.
Please tell us how “US politicians could only do it one time.”
Dollar “down” makes U.S. exports cheaper to foreign buyers, dollar “up” makes U.S. exports cost more to foreign buyers.
——————-
Of course, however NO ONE mentions the declining USD purchases LESS
( 12 percent less YTD) of all foreign imported goods…..which is why we are seeing prices rise far above the CPI lie of 2.5 percent inflation.
The U.S. public is getting hammered every day…we are a nation of consumers, trying to make us a manufacturing giant ( producers) through a weak currency is going to cause alot of pain, if it happens at all.
That said, we shall see just how far the USD declines.
First read the "Genius Act" and then comment.
It sets out clear conditions for who can offer stablecoins ("permitted issuers"), effectively "bans" foreign Stablecoin issuers unless foreign issuers and their government have certain "reciprocity" agreements, authorizes who can hold custody, lays out reserve requirements, etc...
its giving Fed.gov's imprimatur for approved US institutions to develop the market, transfer, custody, etc.. of stable coins.
Withdraw that permission - and what happens???
It's NOT bitcoin.
Stablecoins are mandated directly to the USD and they must buy and hold US debt instruments, Treasuries, bills, notes,etc…
Holding an “asset” in a declining currency ( USD) is not wise. This Stablecoin scheme is Bessent’s method of selling US debt notes, that more and more countries are selling off. A temporary solution at best.
I am still having trouble losing weight. Same as 2/3 of USA adults. Food is still too cheap. Way cheaper than in Europe. Also cheaper than Asia based on average earnings of Asians which are way lower than north Americans.
More food inflation could reduce medical costs. Obesity is root cause of so many diseases.
(Store up your beans and rice.)
I’m trying but very few understand
what I’m doing this for.
When COVID-19(84) came I had 6
months of food. It would have
been limited eating but enough
for survival.
I had about 3 months of water,
juice and soda
I will add, we have to find buyers for our $7-8 trillion debt that rolls over by year’s end….they have hopefully found a solution with this Stablecoin scheme, at least they are doing something.
We shall see how long it can last.
Oh, those crazy Russians. A couple of weeks ago, Anton Kobyakov (Putin senior advisor) was saying we were going to res-start our debt from scratch with stablecoins:
“At the Eastern Economic Forum in Vladivostok, Anton Kobyakov accused the U.S. of using crypto and gold as tools to reduce its debt. He suggested Washington could move parts of its national debt into stablecoins, effectively devaluing it and “starting from scratch.”” https://bsc.news/post/us-stablecoins-debt
Now I am paraoid enough to see conspiracy theories spawned from the GENIUS act, but Russians telling us we’re about to be evil? Nah. Not so much.
“More food inflation could reduce medical costs.”
Why are poor Americans fatter than rich Americans?
You can research that issue until you see the problem with your analysis.
Yup—prepping is just a good habit to have for dozens of reasons and potential issues.
My wife still thanks me for stocking up on toilet paper prior to Covid.
Lol.
A 1964 dollar is now worth 3 cents.
A 1932 dollar is worth half a cent.
In 1964 I could buy a 12 oz bottled Coca-Cola AND a Candy Bar or Bag of Chips for a QUARTER!...............
>> A 1964 dollar is now worth 3 cents.
Would you like to go back to living in 1964, in every respect?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.