Essentially the new Fed will manage our $38 trillion in debt

[Fiendish Thingy]

8. You should learn more about the GENIUS act

My recollection is, the act doesn’t allow Treasury bills to be backed with Stablecoin.

What it does allow is for the US government to use funds (articles I’ve read say the money will comes from seized assets from drug cartels, Russia, Iran etc) to buy Stablecoin.

I think there is a limit- up to $100 billion in Stablecoin can be purchased? (Just going by memory)

So, rather than being a nefarious secret scheme to devalue the dollar (other factors like inflation and the war are doing that), it is a scheme to prop up the cryptocurrency gangs, and give them an air of legitimacy.

The bulk of the GENIUS act was ensuring cryptocurrency would remain unregulated, unaccountable and untraceable.

Reminder: 16 Democratic senators received millions from the cryptobros in exchange for their yes votes on the bill.