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Posted on 07/17/2025 7:56:55 AM PDT by delta7
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What group of oligarchs does this benefit?
One of the three bills being debated explicitly denies the Fed from issuing a CBDC.
Stablecoins would mostly be used to convert transactions in dollars to blockchain transactions. These can be done faster and cheaper than current types of money transfers.
For example, they would allow dollars to be sent anywhere, instantly, without the money moving through bank networks that skim a piece of the action off of them.
CBDC are issued by central banks—for the same reasons—but that could lead to the Fed controlling the flow of money to individuals or corporations. This could lead to social scoring as they use in China. It could also be used as the Canadians used their system to debunk the Truckers a could have years ago. The bill in question would make this illegal.
“Stablecoins are the bait and switch for direct-issued government CBDCs”
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Yes that’s exactly what it is becoming. And stable coin will be backed by US Treasuries. I guess the old Ponzi scheme is showing cracks so it’s time to move on to another Ponzi scheme. Crypto itself is just another fiat currency. Maybe I’m old fashion but I still prefer gold & silver.
You really dont understand how this stuff works do you?
The bills would set up the regulations for establishing the Stablecoins…so there would not be instability or theft.
And FDIC? In a real crisis, the FDIC system would fall apart like a house of cards.
Finally, stable coins would mimic the dollar—which has no interest, no dividends, no FDIC…and no guarantee that its going to be worth the same tomorrow or next year (hint: It’s not guaranteed now.)
Stablecoins are not “investments.” They are transaction tools.
You should really refrain from making posts about stuff you don’t understand very well.
I’m not ashamed to admit that I don’t have the slightest idea what this is about....everything today is GREEK to me!
Thanks for posting.
Stablecoins already exist. The bill would codify and regulate them.
Think of a Stablecoins transaction as a Visa transaction—but it would not include a bank. So there are no fees or transaction limitations.
It would allow “non banked” people to transfer money. Of course, it would behave like cash—so it also opens the world of shady characters and transactions. But that exists okay with cash.
Unlike the visa network there are not chargebacks or reversals. So it is EXACTLY like cash that way.
Stable coins are not about “government control.” They will be produced by individual organizations based on the same framework in the bill. If you don’t like the way that JP Morgan’s works, you can use the one that Morgan Stanley puts out. You could even start “Joe’s Stablecoins” if you followed the same framework.
The money to be made is from the net interest margin from the holding of the real dollars in US Treasuries.
Stablecoins are just another derivative of the dollar - and with Fed.gov/treasury control, how are they any different from options or other derivatives on US Treasury bonds?
Granted, they are new/different and faster technology, but can they even still be transferred privately between parties? Or will they need to go through a Fed.gov clearing house?
It will be just another income stream for major Wall Street primary dealer banks.
Think of a Stablecoins transaction as a Visa transaction—but it would not include a bank. So there are no fees or transaction limitations.
Ohhhh... ok. So really this was all designed to help normal Americans and people! I was thinking it was probably to benefit some bunch of oligarchs yet again. Glad that isn’t the case.
You really dont understand how this stuff works do you?
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I don’t think you understand the pitfalls and dangers of electrons on a screen….all tied to a declining USD…..following the herd never ends well.
IBTG, In Before the Tx Gator…..Fetch….
Stablecoins are, precisely, cryptocurrency. Either standalone or as tokens (like 99% of crypto these days) on backbone networks like ETH, SOL, TRON, etc.
And it's easy to earn interest with stablecoins, especially if you aren't an American. But even Americans have a multitude of options these days.
And this doesn't benefit oligarchs primarily, it levels the playing field for the rest of us, especially unbanked folks. It eliminates middlemen and banking fees for even the smallest users.
I absolutely do! My friends are still thanking me for getting them out of bitcoin when it was $5 in 2018!
signed, Martin Armstrong
Geez, you people are batting 0.00% today.
I tried leading the herd. Didn't end well for me.
signed, Martin Armstrong
Then why would anybody want one?
Oh…the oligarchs are behind the Stablecoins. The big banks see the benefits and they want in on the action.
Do not confuse Stablecoins with Bitcoin or “Alt coins”. They are all very different things. They get lumped together and they shouldn’t because they each have uses, limitations, and benefits.
“so it’s time to move on to another Ponzi scheme.”
A ponzi scheme got Armstrong eleven years in jail.
Finally realizing he was a failure in life (three banckruptcies) he moved on to a new venture. Scamming suckers on the internet.
The dollar is tanking. We ALL know that. The question is what do you use to jump off that ship. The traditional answer is gold and silver. Bitcoin is becoming an alternative. Hard assets should be on everyone’s list.
Knowing about all of them—their strengths and weaknesses—is critical.
Being dismissive about one class at the same you display ignorance indicates a lack of willingness to learn.
No one cares where you and I put our money. But learning and staying current is critical for making intelligent decisions.
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