Adam Curry of the No Agenda Show did some analysis and played clips on the new US legislation around stablecoins, and how this is going to change what are referred to as Euro Dollars, US dollars stored and used outside the country. This also has to do with making our treasuries, debt, more marketable, giving us more control over interest rates along with control and data tracking outside the country with how US dollars are utilized. I never cared much for stablecoins as my favorite cryptocurrency is Bitcoin because of its deflationary properties and limited supply as well as not being connected to the US dollar, but you’ll learn that there are 400 million people utilizing the Tether stablecoin and its a growing industry as its easy to transact with. But turning all those treasuries into transactable dollars and essentially money supply can’t be good for the world economy in the long run.
And making our treasuries marketable is important because our debt is out of control. Notice that debt per taxpayer is $323,049. And check out that we spend more in interest to service the debt than our whole military budget, and our humongous military is primarily to support the interests of the OCGFC, Owners and Controllers of Global Financialized Capital, around the world to enforce their rule globally and much more than just defending the United States of America.
Consequently, Adam played some Caitlin Long clips above, who is located in Laramie, Wyoming and operating Custodia Bank while feuding with the Federal Reserve. Her old presentation on Bitcoin is very good and worth a watch for her background and how she came to champion Bitcoin as a transformative technology.