Putin adviser claims US using stablecoins, gold to devalue its $37T debt

[davis196]

https://coinstats.app/news/7e74a8f41f99bffa81a4e9bc042a8368abc790e8d3a388cf1c8fa354b5b2f1a6_-Putin-adviser-claims-US-using-stablecoins%2C-gold-to-devalue-its-%2437T-debt-/

Can this be true?

I think it is not true but just a way to manipulate people's mind to think that is Trump intention. I am not a fan of Trump but I do not think this is true about him.

Do you think Trump is using bitcoin and gold to devalue United States debt?

At this point, I have reached the conclusion, that Trump is just too dumb to impose any long term strategy. He lacks brains and has short attention span. He acts short term and doesn't care about any long term strategies and policies.
The US national debt can be devalued only by the Federal Reserve(massive money printing and lower interest rates). Trump is trying to take control over the Federal Reserve in order to lower the interest rates. Let's see how this is going to end. The whole idea of devaluing the US debt with stablecoins, Bitcoin or gold seems dumb to me. AFAIK, the strategic crypto reserve of the USA doesn't have permission to buy more
crypto. I don't know how the USA is going to use such a small crypto reserve to pay out a 37 trillion USD debt.

[fuguebtc]

I don't know about stablecoin but one of the ways the USA can achieve this is by buying Bitcoin like Tump proposed (Bitcoin strategy reserve). Let's say they buy 500,000 BTC at $112,000 and hold it for a longer period of time. When the value of the Bitcoin has appreciated, for example when it gets to $1,000,000 per Bitcoin, they'll sell it and use the money to clear off their debts.

The US public debt is mainly due to annual budget deficits, due to large spending on social security, health care, defense...And according to reports, the US public debt is increasing by an average of more than $5 billion per day and the total public debt is now more than $37 trillion.

Let's say they hold 1 million BTC and for every bitcoin that hits $1 million, they'll make a trillion dollars. How can they pay off their debt when $1 trillion is only equivalent to 2.6% of their total public debt? Not to mention, how long will it take for bitcoin to reach $1 million, 10 years or 20 years from now and in the next 20 years. How many times do you think their public debt will increase with such wasteful spending?

[STT]

Trump intelligence is irrelevant, he wont be there long enough to be the reason why Dollar is the way it is.   The effect overall is across politics and many different presidents, deficits and failure to repay debt has resulted in long term loss of value in the Dollar.
   That is the past present and future trajectory to the Dollar, Satoshi saw this long before any advisor to Putin or anyone else.   Its been true for decades, its just more noticeable since QE was bought in and never repaid as it should have been.  Very few governments act any better hence why Dollar effect is not more obvious but citizens lose their monetary purchasing power and do notice.

[philipma1957]

They will break the dollar the question is

2030
 2040
2050
 2060

But it is going to happen

[mindrust]

The debt won’t magically disappear. Even if they find a way to save the dollar and the country via these schemes, it means the other countries will pay for the US debt and that’s why we are seeing all those political shifts and massive protests all around the world. Gold prices are also another indicator. It doubled in a few years. That means people are dumping their dollars for gold because people don’t think USD deserves their attention anymore. Look at USA, have you seen the latest news? People get stabbed in the neck in subways, get shot by snipers etc. It is a mess. Why would anyone want to live in a place like that?

[DrBeer]

They will break the dollar the question is

2030
 2040
2050
 2060

But it is going to happen

There is a saying, “It's easier to break than to build.”
Okay, let's assume that someone manages to break the dollar as the main currency of the global economy.
Here are a couple of questions:
1. Who really needs this?
2. What is the real goal?
3. What are the benefits?
4. And the key question: WHAT WILL REPLACE the dollar?

I look forward to hearing your well-reasoned answers!

[Fortify]

https://coinstats.app/news/7e74a8f41f99bffa81a4e9bc042a8368abc790e8d3a388cf1c8fa354b5b2f1a6_-Putin-adviser-claims-US-using-stablecoins%2C-gold-to-devalue-its-%2437T-debt-/

Can this be true?

I think it is not true but just a way to manipulate people's mind to think that is Trump intention. I am not a fan of Trump but I do not think this is true about him.

Do you think Trump is using bitcoin and gold to devalue United States debt?

It doesn't make any sense and you should hardly go to a Russian economist for economic advice on what the USA is doing, as they might be a bit conflicted right now since they are effectively enemies. More importantly the US does not need to do anything except print more money in order to devalue the debt and it's not really any of Russia's business either because they hold very little in the form of US treasuries right now. It doesn't make a whole let of sense how jacking a different asset class would benefit the US dollar in the slightest, it actually has the opposite affect because money floods into the most profitable places. The real boom behind the gold price is primarily China departing from a policy of holding US treasuries and other countries doing so too, probably because of the erratic nature of the current president.

[EluguHcman]

Can this be true?

I think it is not true but just a way to manipulate people's mind to think that is Trump intention. I am not a fan of Trump but I do not think this is true about him.

Do you think Trump is using bitcoin and gold to devalue United States debt?

Well as I read the news link, all said about this claim were all obviously propaganda as long the Putin's adviser did not prove claim.

Besides... It is made mentioned that both crypto currency and golds are alternative means of monetary service that serves as alternative to the traditional monetary system.
So obviously, they have not uniformed tied to even exergerate this and put a possible consideration to how they actually manipulates their debt neither the traditional values.

Maybe the news actually carried the wrong information from a misconception.

[mindrust]

Could be true imo. People predicted something like that would happen long time ago. We all know Trump’s obsession with the US national debt and he wants to fix that before leaving office. There only a few options he got. Inflate the debt away, tax people away or screw crypto holders so they’ll be paying for the debt. We don’t know what’s happening at the moment but even Michael Saylor could be a pawn following Trump’s plan. Whatever Trump does or does not, I don’t think it matters for btc anymore. The gene is already out of the bottle. Nothing can stop this train. Nutthin. Nut even Trump can do it. He might steal a few hundred billions from the ecosystem though. Since he is the most powerful man in the world now, it is possible that he can do that much damage to bitcoin. I wouldn’t expect anything more.

[Haunebu]

Why would anyone with a half-decent brain give a shit about what some random Putin adviser says about the US economy? They have enough problems as it is these days which is why this is all pointless stuff.

Their debt will continue rising with time unless they take drastic measures to cut it while Orange man will keep trying to devalue the dollar itself through his braindead decisions.

[Wind_FURY]

Why would anyone with a half-decent brain give a shit about what some random Putin adviser says about the US economy? They have enough problems as it is these days which is why this is all pointless stuff.

Their debt will continue rising with time unless they take drastic measures to cut it while Orange man will keep trying to devalue the dollar itself through his braindead decisions.

?

 

He probably has more to say than us the plebs in BitcoinTalk, no? WHO are WE to say such things as you said? We should know our place and never act like arrogant assholes.

  ¯\_(ツ)_/¯

About the topic, there are also some analysts that say that the Federal Reserve will "inflate the debt away". I'll do my due diligence in what that actually means and post it here in the topic.

[viljy]

Maybe so. Stablecoins are issued as collateral in Treasuries. This kills two birds with one stone. The issuer of stablecoins buys Treasuries, which is a plus for the US economy. The exclusive monopoly of the Fed on the issue of money is being violated (since the law on cryptocurrencies practically equalizes stablecoins and the dollar in circulation) - this is a plus for Trump's power personally.

The next aspect may be that Trump may intend to "pay off" the debt in cryptocurrency (he once said something like that). For example, it can pump bitcoin up to billions of dollars and pay off its debt. And then, bring down the price of bitcoin. Then the debt will be paid (at least for the most part) and creditors will be left empty-handed - isn't that a great idea? Although I don't know why Trump would even think about paying off the debt. Everyone in the world understands perfectly well that the debt will never be paid.

Of course, all this is not even a hypothesis, but pure conspiracy theory, but why not assume this option? Moreover, Trump is not very predictable and he himself sometimes has even more unusual ideas in his statements.

[JariKriting]

A realistic plan in the minds of Donald Trump and his officials is to print and create stablecoins and convert their debt into stablecoins. This way, the dollar remains safe and does not suffer from crazy currency deflation. This could happen if America and Donald Trump are still trusted by the world, but the reality is that American bonds are not selling, and Japan and South Korea are being forced to pump large funds into America but are unwilling.

[DrBeer]

https://coinstats.app/news/7e74a8f41f99bffa81a4e9bc042a8368abc790e8d3a388cf1c8fa354b5b2f1a6_-Putin-adviser-claims-US-using-stablecoins%2C-gold-to-devalue-its-%2437T-debt-/

Can this be true?

I think it is not true but just a way to manipulate people's mind to think that is Trump intention. I am not a fan of Trump but I do not think this is true about him.

Do you think Trump is using bitcoin and gold to devalue United States debt?

I will be brief—listening to Russian officials is a completely useless exercise, because Russian politicians always lie, about everything and for no reason!  And this applies to everything—domestic policy, foreign policy, the economy... Everything that Russian officials say or write about today is either a lie or propaganda!
And most importantly, it is extremely easy to check and verify this! There is only one difference: lies within the country are infinitely primitive and aimed at clinical idiots, while lies for the “external market” are slightly more sophisticated, cunningly twisted, and use more subtle manipulative methods, because the world is still smarter than the Russian audience.

[0x000369]

this whole thing feels like another episode of geopolitics the movie where everyone is accusing everyone of doing 4D chess but nobody actually has a working plan lol

like putins guy saying the US is using stablecoins and gold to nuke their own debt sounds wild ngl stablecoins literally depend on the dollar so how does using something that needs dollars magically erase 37 trillion that math aint mathing bruh and bitcoin devaluing debt bitcoin cant even agree on a direction for two weeks without sending half the market into therapy how is it supposed to fix national debt levels that took decades to build

honestly looks more like the usual propaganda package they send out to stir the pot whenever the dollar is too strong or too loud kinda like hey guys dont look at our inflation look over there the evil trump is using crypto to destroy the world lmao

if the US wanted to deal with debt they would do the usual stuff print more money raise ceilings shake hands pretend everything is fine the classic combo move not summon bitcoin as some final boss weapon so yeah imo this whole narrative is just political WWE everyone yelling for drama but nobody actually doing anything not investment advice obviously im just here for the popcorn

[shinratensei_]

How are gold and stablecoins going to devalue the total debt of the US? I don't understand.

I have the same thinking, using gold it make sense, using bitcoin also make sense, but using stablecoin? it's literally pegged to USD that if USD become stronger the debt become more powerful?
If it's because stablecoin is buying US treasury bills, isn't that a really ethical way to help solve US debt?

[DrBeer]

How are gold and stablecoins going to devalue the total debt of the US? I don't understand.

I have the same thinking, using gold it make sense, using bitcoin also make sense, but using stablecoin? it's literally pegged to USD that if USD become stronger the debt become more powerful?
If it's because stablecoin is buying US treasury bills, isn't that a really ethical way to help solve US debt?

It should be noted that this propaganda, and ancient narratives from the series “the dollar is worthless,” “the Western world is doomed,” flooded the media after Russia itself, with a “military budget” that is destroying its economy, began selling off its gold reserves in an attempt to prop up its collapsing economy. Coincidence? I don't think so!

[Alpha Marine]

It should be noted that this propaganda, and ancient narratives from the series “the dollar is worthless,” “the Western world is doomed,” flooded the media after Russia itself, with a “military budget” that is destroying its economy, began selling off its gold reserves in an attempt to prop up its collapsing economy. Coincidence? I don't think so!

Most of it is just hate from the US, and that made them not be objective. They believe and see what they want to see. It's funny how people talk about the USD going to shit and how the US and the West are going to shit, but the Oligarchs have their investments in USD and their families in the West and Western schools.
I get it, though, it's just two extreme parties.

The US and the USD have been "collapsing" for years, according to some people, yet they are still standing here today.  Things are often exaggerated, by both parties actually; the side against the dollar and the side for the dollar.

[iv4n]

Do you think Trump is using bitcoin and gold to devalue United States debt?

And why did Donald J. Trump pardon CZ? With a bit of imagination, this situation provides a good ground for plenty of conspiracy theories.

These clowns say one thing, do another, and who knows what they are thinking about & what kind of plans they have. It's not possible anymore to read between the lines... There are too many lines, and it's hard to draw any conclusions. Time will tell, but I am afraid that these clowns will create many more dirty wars before people figure out who they really are.

[Hispo]

How are gold and stablecoins going to devalue the total debt of the US? I don't understand.
.

It is something which have been largely discussed around internet and among economists which are critical to the United States and the way they administer their debt, basically, it is a theory on the alleged plan by the Federal Reserve of the USA in order to devaluate their own money, in order to give less wealth back to their lenders. For example, let us assume the USA acquires a lot of debt and uses that money to buy gold, silver or other commodities, that would increase the value of gold against the USD. The whole point it would be creating inflation artificially in order to pay devaluated money to lenders.