A New American Monetary System: Coming Soon.
Read my analysis.
Donald Trump promised that the US will become the crypto capital of the world.
He promised to have reserves in #BTC and pay off debt with “crypto checks”.
What does all this mean?
He said he would control part of the crypto space and convert the dollar monetary system to a new one.
He also said he won't allow #CBDCs, but that doesn't mean he can't back the current dollar with BTC and then issue Bitcoin-backed digital dollars.
He will say this is not CBDC; it is commodity-backed money as it was before 1970; it is hard money.
This new dollar makes sense if it is worth more than the current dollar, e.g. 1 edollar = 10,000 USD, and this means liquefying U S. debts and screwing the T-bond creditors.
What would happen if the U.S. gov't followed BlackRock's plan?
The gov could issue a dollar backed by #Bitcoin
To avoid being considered a #CBDC (Trump has said he wants to ban it), it could issue a digital dollar as a BTC ETF that it holds in reserve.
+BTC reserves +edollars
I’d zap you if you had that option
The stimulus #money during the first Trump presidency, were transferred via a CBDC PoC; digital USD. Time to launch. You are so right. Sheeple will just find out, one day and out of the blue.
Doesn't matter what it's backed by if the government issues it then it's a CBDC