There Is a Huge New Buyer of U.S. Debt, Can This Delay U.S. Dollar’s Demise? Nic Carter

  Рет қаралды 108,355

Kitco NEWS

Kitco NEWS

Күн бұрын

(Part 1/2): Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Nic Carter, founding partner at Castle Island Ventures and co-founder of Coin Metrics, who says that this new market for U.S. debt could delay the demise of the U.S. dollar as the world’s reserve currency. Carter weighs in on the latest U.S. debt and inflation outlooks, as well as the most recent de-dollarization developments. He also elaborates on the pivotal role stablecoins could play in creating new demand for U.S. Treasuries, potentially delaying de-dollarization. Carter breaks down everything about the stablecoin market, including its influence on the U.S. and global economy.
Follow Michelle Makori on X: @MichelleMakori ( / michellemakori )
Follow Kitco News on X: @KitcoNewsNOW ( / kitconewsnow )
Follow Nic Carter on X: @nic__carter ( / nic__carter )
#crypto #dollar #USD #dedollarization #debt #Treasuries #stablecoins
00:00:00 Coming up
00:01:21 Introduction: Debt Crisis, Dollar
00:02:22 Macro Trends & Inflation
00:07:07 The Future of the Dollar and the Role of Stablecoins
00:08:28 Deep Dive into Stablecoins
00:22:08 Stablecoins-Eurodollars
00:31:36 The Impact of Stablecoins and Tokenized Treasuries on the Dollar
00:45:31 How Does Bitcoin Fit In
__________________________________________________________________
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Пікірлер: 390
@goneviral8814
@goneviral8814 Ай бұрын
Every time gold and oil goes up, Fed chairman comes out saying we are gonna raise rates. Their stupid game is so visible
@sweechen9762
@sweechen9762 Ай бұрын
The Fed has lost control and is now struggling to save its credibility. And foolish financial commentators on the US mainstream media are silly enough to take it seriously.
@peterlynchchannel
@peterlynchchannel Ай бұрын
We need a return to sound moustache more than ever.
@x1k790
@x1k790 Ай бұрын
Agreed, more mustaches needed. I remember when he was smooth shaven. He looked 15
@joshpacific
@joshpacific Ай бұрын
@@x1k790 He still looks 15. Incredibly bright for a young one.
@QabilAGhor
@QabilAGhor Ай бұрын
I think nothing will happen until the debt runs up to 100 trillion.
@alfixen
@alfixen Ай бұрын
The only huge buyer is the Fed. Who else wants this garbage?
@rap3208
@rap3208 Ай бұрын
Yeah, I remember there was an auction sometime late last year, nobody wanted to buy Treasury bonds. it was only the T-Bills they were interested enough to buy.
@macabee23
@macabee23 Ай бұрын
@@rap3208 US banks ended up buying most of it,
@freedumb_3.0
@freedumb_3.0 Ай бұрын
Vassals like Japan and South Korea who have no choice.
@kb3809
@kb3809 Ай бұрын
Micronesia 😂
@thorcook
@thorcook Ай бұрын
​@@kb3809 Gesundheit 🤧
@user-nz6kl8wd8c
@user-nz6kl8wd8c Ай бұрын
Whos the buyer, The Fed😂😂😂😂😂😂
@LadyF71
@LadyF71 Ай бұрын
This is the absolute opposite reason for crypto but leave it yo people to find something to do with it. This does change things quite a bit
@oysterman962
@oysterman962 Ай бұрын
​@@LadyF71just wait til they get their greasy hands on your digital currency. I'm burying my gold
@danielhutchinson6604
@danielhutchinson6604 Ай бұрын
Is that an example of a form of circular reasoning? Treasury is supposed to support Fed Notes by selling an equal amount. How are they doing so far?
@TepurangaHeremaia-ce4qe
@TepurangaHeremaia-ce4qe Ай бұрын
You!
@gmw3083
@gmw3083 Ай бұрын
Crypto is another American pyramid scheme. The last one .
@mrright1068
@mrright1068 Ай бұрын
The interest on the debt is now more than the defense budget in the US. Do the math you can see when it ends.
@hendrixj.8356
@hendrixj.8356 Ай бұрын
maybe we can invent a second central bank that buys our interest debt as a new form of treasury and they lend us money to pay them back without interest
@robertwalker5521
@robertwalker5521 Ай бұрын
435 in house/rep, 100 in Senate, Eleven in Supr. court, two dozen in White House (various Secretarys of.. and f ull time high paid advisors) TOTAL...Receiving BILLIONS OF $$$$ Status : NOT EVEN ONE OF THEM HAS FACED THE SEVERE FINANCIAL MESS... AND OPENLY VOLUNTEERED TO ACCEPT A 50% PAY CUT....OH, MAKE THAT 25%>> ...WAIT...JUST 10@%>>>> NO, 5% !!!.... HOW ABOUT A TEN DOLLAR BILL ?? AWWW, TO HELL WITH ALL OF YOU !!! TOTAL :
@sweechen9762
@sweechen9762 Ай бұрын
The US empire is f**ked. The military supremacy of the the US can only be maintained so long as all the players are willing to accept funny money aka the USD.
@HeresMyView
@HeresMyView Ай бұрын
This Ponzi scheme keeps growing - borrow from A to pay B and keep the cycle repeated giving the impression that growth and gains are rising. Some suckers will be left holding the bag when B decided to pull out. 😂😂 It is a Chit-Fund scheme on a global scale. 😂
@hendrixj.8356
@hendrixj.8356 Ай бұрын
@@jaredroussel the difference is the one we have now we have to pay back interest to the fed
@yassma977
@yassma977 Ай бұрын
Gold is KING, i will continue to buy each month no matter the price
@LadyF71
@LadyF71 Ай бұрын
I agree ☝️
@oysterman962
@oysterman962 Ай бұрын
There's a spelling mistake on the US currency. It should be In GOLD we trust
@Dutchy-1168
@Dutchy-1168 Ай бұрын
Sure has done well lately!🇨🇦
@chuqing99
@chuqing99 Ай бұрын
agree
@contemplating1015
@contemplating1015 Ай бұрын
Emotional journey
@horace68
@horace68 Ай бұрын
The FED buying back their own debt, it is like kicking a can down the road, but one could see the writing on the wall.
@joesedik6573
@joesedik6573 Ай бұрын
Been going on for years!
@x1k790
@x1k790 Ай бұрын
Yes, but with USDC everyone could access the FED and for any quantity, large or small. Debt could be more easily bought up!
@ans1293
@ans1293 Ай бұрын
This reminds me of Beavis and Butthead passing a dollar back and forth to pay for a stack of chocolate bars that they eat during each exchange.
@peterwilson9327
@peterwilson9327 Ай бұрын
It reminds me of The Three Stooges episode where Moe, Larry, and Curly pay each others that $20 they each owed each other. Same as our fed bank. 😮Charles Ponzi would have been proud!
@danielhutchinson6604
@danielhutchinson6604 Ай бұрын
If the US Treasury becomes unable to support the Dollar, the Currency Crisis appears and panic is the next step.......
@billhollywood3809
@billhollywood3809 Ай бұрын
Just keep buying gold
@mauryknows200
@mauryknows200 Ай бұрын
I’m buying every single Silver and Gold dip
@willrose5424
@willrose5424 Ай бұрын
Which miners?
@DannyBrooks1
@DannyBrooks1 Ай бұрын
Buy Bitcoin
@oishibeats5476
@oishibeats5476 Ай бұрын
Yep Gold, Silver and Commodities will be the new currency for the Multi-polar world, Who wants fake paper? and who wants another nations Debt as insurance? - Digital Valuta Backed By Gold and Commodities will be the new "currency", Maybe not for the "West" but for the 80% Rest. A reshuffle of Wealth will happen, either that or world war 3, that is imminent.
@jackinsonpablanes760
@jackinsonpablanes760 Ай бұрын
btc is way better, but at the end of the day governments can create regulations to curb the use of it just watch George gammon's latest video titled "Here's Why No One Wants Gold Or Bitcoin In Argentina..."
@lakshminarayanan-ls5fz
@lakshminarayanan-ls5fz Ай бұрын
Inflation exported to Foreign buyers. That's as good as indirect colonialism
@barrymantei7795
@barrymantei7795 Ай бұрын
The U.S. has been exporting their inflation to other countries for generations.
@delicheres
@delicheres Ай бұрын
Yes, then you have to choose your coloniser ? China, Russia or the old good USA 😂
@supahsmashbro
@supahsmashbro Ай бұрын
@@delicheres White people swear up and down they're not worse than Russia and China and want everyone to believe it. America is the world's largest terrorist and sower of chaos, profiting from human suffering. No comparison. They literally just turned Ukraine into cannon fodder hoping war there and their sanctions would collapse it.
@ibberman
@ibberman Ай бұрын
@@supahsmashbro White people?
@rogerburn5132
@rogerburn5132 Ай бұрын
Nobody buys US JUNK bonds any more. China selling. Russia sold them Soudi Arabia is selling even Japan is Selling 😂😂
@peterlynchchannel
@peterlynchchannel Ай бұрын
We need a return to a moustache standard so that the government can't manipulate our moustache.
@paulhart7739
@paulhart7739 Ай бұрын
Yea im tired of all the mustache promises. I demand to see the mustache
@MrTrda
@MrTrda Ай бұрын
Moustaches are over rated…. I’m all in on soul patches.
@steinbauge4591
@steinbauge4591 Ай бұрын
🤣🤣🤣
@cardphins68
@cardphins68 Ай бұрын
As long as we keep out 'The Molestache" I think you're on to something, lol!
@CarlosGonzales-wm8xx
@CarlosGonzales-wm8xx Ай бұрын
Eyebrows dominate, though. Moustache jealous.
@anabolicamaranth7140
@anabolicamaranth7140 Ай бұрын
If the stable coin is backed by short term treasuries which are artificially suppressed that doesn’t seem like solid collateral over the long term.
@l.a.mottern3106
@l.a.mottern3106 Ай бұрын
It's better than strait cash, which is a non- interest bearing IOU. The only reason that the US Government doesn't like it, is because your purchases can't be tracked effectively.
@HeresMyView
@HeresMyView Ай бұрын
​​@@l.a.mottern3106, in other words it is used in the black mkt or blackhole to make illicit gains like prostitution, drug trafficking, slave trading, etc. Wow. No wonder, Ukraine weapon aids ended up in all over the world.
@eyadsaheb5672
@eyadsaheb5672 Ай бұрын
Well-spoken guest and good questions without interruption. Great interview, Michelle.
@philfortner1805
@philfortner1805 Ай бұрын
The federal reserve is the only one buying treasuries because look at the yield curve magically capped at 5.3%. Magic!!
@BlancGivre
@BlancGivre Ай бұрын
The FED will eventually loose complete control over the inflation.
@canudigit1970
@canudigit1970 Ай бұрын
They lost it we are broke no one is buying our bonds. The Fed prints than buys there own bonds with our tax payer money. We are buried the scam is over. The BRICS said F 🖕🏽U. Paper is fake money
@rogerburn5132
@rogerburn5132 Ай бұрын
Like Weimar Republic Hyperinflation in the 1920 😂😂
@SamsungSamsung-md9xq
@SamsungSamsung-md9xq Ай бұрын
They caused inflation by printing money,now they can reduce it??
@ponzo1967
@ponzo1967 Ай бұрын
I sold 80% of my silver and gold six weeks ago which is exactly why they went up. Credit cards still maxed out, I'm not making it. Maybe I could work 26 hours a day 8 days a week 5 weeks a month....Let's Go!
@johnlay3040
@johnlay3040 28 күн бұрын
People don't realise that the US foreign debt is very small percentage of its total debt. Its main creditor is the Treasury. But now it cannot keep printing money as the demand for the USD has declined worldwide. No more petrodollar, and countries around the world have shifted to gold for their reserves.
@jamesmarchetti3286
@jamesmarchetti3286 Ай бұрын
Great video and it ended with no Part 2
@cappstreet1601
@cappstreet1601 Ай бұрын
Inflation is really about 15%=unemployment really about 22%
@MADDENCN
@MADDENCN Ай бұрын
I wonder y job report looks so good while the us economy as a whole runs a massive deficit. I guess part time job at Uber, lyfts, and food delivering services , etc counts as a full position
@HeresMyView
@HeresMyView Ай бұрын
​@@MADDENCN, you got that right. 😂😂 They become govt official stats and use as economic indicators. No one can challenge it bcos the govt will not appoint anyone to take oversight of it. 😂
@MADDENCN
@MADDENCN Ай бұрын
Am i hearing this right? Buy 1 tether aka (usdt) means u buy 1 dollar of us debt..
@thesolitaryadventurer
@thesolitaryadventurer Ай бұрын
Pretty much. They use the dollar to go buy US treasuries/bills/etc to back it.
@user-ki3je4oe6d
@user-ki3je4oe6d Ай бұрын
Michelle didn’t mention, but Nic is also a very good singer.
@bellakrinkle9381
@bellakrinkle9381 Ай бұрын
He's an impressive, knowledgable man. The singer in him, makes him well rounded - a rarity these days.
@rua999rua999
@rua999rua999 Ай бұрын
As long as you love me...baby 🎶
@brenden5721
@brenden5721 Ай бұрын
Just keep buying mustaches
@The_Dougie
@The_Dougie Ай бұрын
Matches his eyebrows
@s4nder86
@s4nder86 Ай бұрын
@@The_Dougie Mouthbrows.
@oysterman962
@oysterman962 Ай бұрын
​@@The_DougieIt's Bert from Sesame St
@The_Dougie
@The_Dougie Ай бұрын
@@d.martin7692 😆😆😆
@lakshminarayanan-ls5fz
@lakshminarayanan-ls5fz Ай бұрын
Real gold best bet than artificial gold substitutes
@JimJamJuicy
@JimJamJuicy Ай бұрын
If you don’t want to be rich, Bitcoin 65% apr last 11 years, plug that in a compound interest calculator
@romansasik9087
@romansasik9087 Ай бұрын
If stable coins are backed by US Treasurys and inflation is going up, the value of those treasuries is going down. I don't think this is going to end up well for "stable" coin holders. But I guess zero is a very stable value.
@thesolitaryadventurer
@thesolitaryadventurer Ай бұрын
A dollar is always going to be a dollar though isn't it? It might buy a lot less but 1 is always 1. I don't see how you're holding their use of treasuries to a higher expectation of, say, a pension fund. As long as you hold to maturity, you get back your nominal investment.
@nisebiggs6572
@nisebiggs6572 Ай бұрын
​@@thesolitaryadventurer but your nominal investment is eroded by inflation.
@abrambadal8997
@abrambadal8997 Ай бұрын
With dollar collapsing , one should expect logical Bitcoins based on dollars to collapse equally , soonner or later !
@hughstaples4809
@hughstaples4809 Ай бұрын
Bitcoin is not based on dollars. It’s based against all crappy fiat currencies.
@SamsungSamsung-md9xq
@SamsungSamsung-md9xq Ай бұрын
Try buying stuff with bitchcoin,very expensive,and they use exorbitant amounts of energy to run,so zero carbon will not have an effect,?? They keep saying how can the price of gold double to 5000 dollars,when a bunch of numbers with no intrinsic value can go to 70000 dollars,and coins go down when a stockmarket crash happens,so they aren't a hedge against inflation,or a dollar collapse!@
@joshpacific
@joshpacific Ай бұрын
Great stuff! Thanks!
@LadyF71
@LadyF71 Ай бұрын
Interesting indeed 🤔
@lakshminarayanan-ls5fz
@lakshminarayanan-ls5fz Ай бұрын
Trying to fool the world with these digital tokens. Good luck. Real assets and real and not digital.
@ivansaric33
@ivansaric33 Ай бұрын
Bitcoin was created by the NSA to condition people to digital non existent “muny"
@Itsuser_1234
@Itsuser_1234 Ай бұрын
😅 mad you didn’t buy any bitcoin lmao hahaha lmao
@ivansaric33
@ivansaric33 Ай бұрын
@@Itsuser_1234 The NSA created bitcoin to condition people into accepting non existent "money" that can disappear in a nanosecond I'm out The shiny stuff has been a historical store of wealth and that's why the banksters are stocking up like never before
@michaeloconnell4781
@michaeloconnell4781 Ай бұрын
Excellent
@freeroamer9146
@freeroamer9146 Ай бұрын
Interesting, the connection between US Treasuries and stable coin. Warrants a closer look. Looking forward to part 2! 👍
@sirwm3107
@sirwm3107 Ай бұрын
Come on guys…Whom do we owe this Debt interest to?? It’s all Fiat currency anyways! Buy PMs… get it?!
@verntopb
@verntopb Ай бұрын
Satanic Rothschild banksters are the ones collecting interest on money made out of thin air..
@ColoradoCarGuy
@ColoradoCarGuy Ай бұрын
The 70's gay porno called, they want the mustache back.
@oysterman962
@oysterman962 Ай бұрын
Ironically the 70s was the demise of the dollar when the gold standard was abolished.
@ColoradoCarGuy
@ColoradoCarGuy Ай бұрын
@@oysterman962 So you are saying there is a connection.
@thegreatone11
@thegreatone11 Ай бұрын
Oh, there is definitely a connection
@cx1291
@cx1291 Ай бұрын
Nick Carter's opinions are always informative. Thanks
@DaviMKim
@DaviMKim Ай бұрын
Nothing can delay and avoid the debt spiral 🎯😂. NOT Even the Brett Johnson: "Milkshake Theory" 😅.
@LadyF71
@LadyF71 Ай бұрын
The epic kicking the can... this gives USD time.
@hendrixj.8356
@hendrixj.8356 Ай бұрын
I had an idea i posted as a reply to another comment: maybe we can invent a second central bank that buys our interest debt as a new form of treasury and they lend us money to pay them back without interest
@thegreatone11
@thegreatone11 Ай бұрын
I saw your comment earlier. No one liked it then either.​@hendrixj.8356
@dwaleka
@dwaleka Ай бұрын
There is always something and those calling for $ and markets/banks collapse only embarrassed themselves and cost us lots of money :(
@hendrixj.8356
@hendrixj.8356 Ай бұрын
usually when someone is saying that they arnt saying its going to happen overnight, its a long term outlook
@lilbfrom094princeton8
@lilbfrom094princeton8 Ай бұрын
@19:00 There will be a stable coin that will be pegged to gold and other precious metals once gold is revalued.
@HassanHassan-yk9xe
@HassanHassan-yk9xe Ай бұрын
PAXG. Already exists
@LeeuwAdelaar-xe7hh
@LeeuwAdelaar-xe7hh Ай бұрын
Kitco 👍
@neil03051957
@neil03051957 Ай бұрын
Check your sources, take nothing on face value. Someone is putting a ripple on the pond. Dubious info.
@MikeRock-eg7it
@MikeRock-eg7it Ай бұрын
If the Federal Reserve is charging the debt so much in interest and is owned by various rich people and bankers, why are they not lowering the interest rate, making some sacrifices for America????? GREED, GREED, GREED. We need a Year of Jubilee to reset everything properly but that requires a little sacrifice and greedy people and greedy banks will not do the right things for our country.
@ajdmd9526
@ajdmd9526 Ай бұрын
It is an interesting hypothesis to propose that the FED could grant direct access to its coffers by stable coin issuers, in effect legitimizing the medium as recognized money. I would spin this out a bit to consider that the FED might come around to this narrative if the stable coin market becomes a substantive holder of USTs, but I expect that the stable coins that would be "recognized" would be issued by establishe firms such as Citi, Chase, Goldman, Black Rock, etc. I can see this as more plausable than the FED accepting Tether and USDC.
@johnonesti9359
@johnonesti9359 Ай бұрын
How is stable coin better than a credit card? With a credit card I can delay payment for 30 days and earn interest in a high yield money market while I wait to get my statement. And I can contest the purchase if there is a problem.
@thesolitaryadventurer
@thesolitaryadventurer Ай бұрын
It's not meant to be in competition with your credit card. It's about using a digital dollar that isn't part of the traditional system. Akin to cash. A cash not controlled by the government. The West doesn't need that necessarily as cash and cards work fine here. Outside of the West, access to dollars is prohibited in many places. But a digital dollar (a stablecoin) is accessible to anyone with access to an exchange (or the Internet really). The fact that this means there is more demand for dollars, it then leads to more US assets being purchased to back the stablecoin. It's good for US dollar demand but not for US currency control.
@bagel080
@bagel080 Ай бұрын
Other countries like Argentina buying up dollar debt actually increases the decline of the reserve. As Argentina is going through mass inflation then buys up dollars to save itself however once those reserves start losing due to us inflation, Argentina will need to dump those same dollars for real tier 1 assets like gold. All the dollars then will come back to the US causing a hyper inflationary event.
@HeresMyView
@HeresMyView Ай бұрын
@bagel.."Argentina need to dump those US$ to buy real asset like gold ..." 😂😂 The problem is nobody wants the US$ anymore when it reaches that point, in which everyone wants Gold. Why would they take US$ from Argentina?
@truthseeking1571
@truthseeking1571 Ай бұрын
Not one mention of ripple and the xrp ledger and recent announcement of a treasury and US dollar backed stable coin. Every single thing talked about ripple is doing including institutional custody through Metaco. But carry on…
@vanila2012
@vanila2012 Ай бұрын
That's because XRP will collapse to less than a penny soon.
@truthseeking1571
@truthseeking1571 Ай бұрын
@@vanila2012 sure. Wait for it
@barkerbiz
@barkerbiz Ай бұрын
The Force is Strong in this one.
@juandiegoramos4490
@juandiegoramos4490 Ай бұрын
To all the macro gurus on YT: even 10 minutes is an eternal amount of time to dedicate to their podcasts.
@Itswat3vah
@Itswat3vah Ай бұрын
Just came from watching a George gammon video where he went to Argentina to get out of the dollar system lol 😂😂😂😂
@waltertodd4479
@waltertodd4479 Ай бұрын
Raise the interest rate now.
@DavidGatto
@DavidGatto Ай бұрын
A simple stop gap is to require all us based companies to hold a certain percentage of their retained earnings in T-Bills. Its a pay to play tax, and its a bit more honest than the current paradigm
@Eli-qr9hc
@Eli-qr9hc 29 күн бұрын
Convert your Fiat into physical gold and silver
@peterazlac1739
@peterazlac1739 Ай бұрын
The big question is whether global stable coins are going to be backed by the dollar or Yuan . With 30 more countries set to join BRICS in addition to major oil countries plus another 20 in the process of applying the ship may already have left port as far as the dollar is concerned, especially in Europe depends for trade on China as it is going to with Scholtz currently in China to o the deal.
@phongy45
@phongy45 Ай бұрын
Will your money at Swift’s valid ? ...
@Notaslave1961
@Notaslave1961 Ай бұрын
We need MORE MAKORI😊
@JM-gu3tx
@JM-gu3tx Ай бұрын
There "are" mega trends, not "is". Subject-verb agreement is missing.
@crashandedy
@crashandedy Ай бұрын
Yup, as if it was all planned out. I wonder why Stable coin regs are too priority with Congress.
@walt1955
@walt1955 Ай бұрын
Stable Coins tied to the dollar are just as subject to inflation as the dollar. Stable Coins at least pay a lot more interest than checking accounts.
@mannyrichardson
@mannyrichardson Ай бұрын
If I can't own it, then I don't want it! I am done with just renting life...
@aureliusza
@aureliusza Ай бұрын
I want my face to have 3 mustaches
@rwoggle1735
@rwoggle1735 Ай бұрын
There is nothing stable about digital nothingness.
@thesolitaryadventurer
@thesolitaryadventurer Ай бұрын
Keep learning. You've missed the point here.
@rwoggle1735
@rwoggle1735 Ай бұрын
@@thesolitaryadventurer FIAT is FIAT. That is the point.
@matthewholbrook1265
@matthewholbrook1265 Ай бұрын
By not being the global reserve currency, we really don't need to be sticking to our obligations due to the countries we help out these countries for making the dollar a global reserve currency
@TheeDubWill
@TheeDubWill 4 күн бұрын
Tokenized treasuries and stable coins in lieu of China and Japan's continued purchase of U.S. debt, followed by CBDC at the retail level??
@sgill4833
@sgill4833 Ай бұрын
Usdt tether is banned in Canada
@twitafftwitaff7029
@twitafftwitaff7029 Ай бұрын
Everything is banned in Canada according to your Fuhrer
@catman913
@catman913 Ай бұрын
My friends and I went to the beach to watch the masters and lay golf .. This is a great country to give us these freedoms.
@MrGreenstar2012
@MrGreenstar2012 Ай бұрын
How did I know 😳
@Mercury0369
@Mercury0369 Ай бұрын
35 trillion in debt is a lot, these politicians aren't taking this seriously ! God help us !
@drostly3220
@drostly3220 26 күн бұрын
The idea that the dollarized Crypto is "another buyer"... It may be on one day or another but the trend is seeing multiple currency onramp and offramp options.. Dollar might not actually be the best place to park cause their are so many dollars.. If BRICS decides to voluntarily devalue on US$ denominated debts... The hyper inflate period could end up being a warp drive moment..
@bruceposch1449
@bruceposch1449 Ай бұрын
This is nonsensical....stable coin at an asset value of $150 billion is about two weeks of US government deficit.
@brainwashington1332
@brainwashington1332 Ай бұрын
Isn't that ironic when the whole point of BTC was to divest from USD
@stuartmckenzie8095
@stuartmckenzie8095 Ай бұрын
Still these people speak as if this wasn’t all by design
@JCSY1
@JCSY1 Ай бұрын
No. It won't delay the demise of the USD as a reserve currency. It will keep dropping until it fade away. More good news for de-dollarization is expected once BRICS leaders meet a few months from now in Russia. When the time is right, China will just announced to the world that we preferred non USD and the shockwave will start.
@johnwilmann921
@johnwilmann921 Ай бұрын
Unfortunately. America is to immature & greedy to deserve being the reserve currency. History is both. Daunting & cruel. Over amortization of fiat currency has & always will ultimately. FAIL
@NoMoWarplz
@NoMoWarplz Ай бұрын
Africa - China importers use the USDT and willing to pay premiums of up to 10%, and HK dollar is pegged to USD.
@aldas3831
@aldas3831 Ай бұрын
Hmmm, the “morality of that issue” whose morality?
@nonzenz
@nonzenz Ай бұрын
I like how casually he goes over the fact Tether answers and is regulated by no-one and is the largest actor in the place by such a large margin the others don't even deserve the air time.
@billmcallister1404
@billmcallister1404 11 күн бұрын
Not only will it delay the American dollars demise but it will make it stronger especially when you hear about the C.C.P. ETHICS IN THE FINANCIAL MARKET YOU CANT TRUST THEM WHICH MAKES THE U.S. DOLLAR MORE DEPENDABLE.
@jamesmarchetti3286
@jamesmarchetti3286 Ай бұрын
You also brought a good topic for if I visit or end up living in a foreign country and applies to people that I know who have moved to Portugal !!! And do use Bitcoin there !!!
@BluesImprov
@BluesImprov Ай бұрын
If something like this Stablecoin stuff is based on the dollar. . .Then, if the dollar is so bad that we need these new forms of currency, how can you trust them if they're based on the dying dollar? Aren't they really in a way just digital "fiat"? I think ALL forms of currency are primarily based on the ACCEPTANCE of those being paid with that currency. IF they are willing to play that currency's "game", then it works. But if the day comes when they refuse to play that currency's "game", it won't work.
@M3LTUP
@M3LTUP Ай бұрын
Need a stable coin that is backed 50% USD and 50% Gold. That way its value is stable but it rises with inflation.
@thesolitaryadventurer
@thesolitaryadventurer Ай бұрын
You're missing the point. If gold plunged, how does the 1 digital dollar equals 1 actual dollar peg get held...? They take the fiat, buy US denominated assets (mostly treasuries) and that way evryrhting stays as USD. You add gold in and it creates a variable that would need to be hedged.
@justin-xo9wh
@justin-xo9wh Ай бұрын
Not speking of Wti crudo, neeed info.
@rainieresguerra6519
@rainieresguerra6519 25 күн бұрын
Since Bric was launched and more so after it became BRICS, the demise of the dollar has been propagandized relentlessly. Yet the dollar is more in demand now than ever. The Yuan, Rouble, Brazilian Real, South African Rand, Iranian Real and most other currencies are all tumbling as the dollar reached ew highs, especially since 2020. And that's despite China, Russia, India and other BRICS countries buying more and more gold. 😩
@keithwilliams4268
@keithwilliams4268 Ай бұрын
Gold and Silver backed XRP. (Stablecoin)
@samnangthim6949
@samnangthim6949 Ай бұрын
The 'Dollar's demise' only exists on you tube. It just hit a record high!
@gandhi9936
@gandhi9936 Ай бұрын
Argentina?
@libra211061
@libra211061 Ай бұрын
they will be forced to decide on gold or bitcoin
@philfree5261
@philfree5261 Ай бұрын
Stablecoins are not necessarily tokenized us dollars.
@marthajones7236
@marthajones7236 Ай бұрын
It has STARTED & NOTHING WILL STOP IT. NO ONE IS CRAZY TO BY US WORTHLESS TREASURES
@MinMin-yl8fp
@MinMin-yl8fp Ай бұрын
The major impediment in using cryptocurrencies, including stablecoins, as currencies is the current tax system.
@harrycarpenter1727
@harrycarpenter1727 Ай бұрын
Buying debt with Bitcoin?? Or buying a handful of shit with a handful of empty air? 😂😂😂 lmao definitely a govt thought process 🤡🤡🤡🤡🤡
@lilbfrom094princeton8
@lilbfrom094princeton8 Ай бұрын
The buyer is Tether, don’t believe the rumors.Tether is tied to Bitcoin and this will ultimately be the downfall for ALL crypto that operates on BTC or Ether’s network. The only crypto that will survive are the ones with their own network and can decouple from Bitcoin. Hopefully you understand XRP’s position in all of this now that a stable coin has been announced.
@Barr894
@Barr894 Ай бұрын
The fed will restart QE? To do that they must increase money supply. Which means more inflation. Which means recession.
@jameskelly9243
@jameskelly9243 Ай бұрын
You forget even though countries buy and sell in foreign currency it still must be converted into US currency
@twnetf
@twnetf Ай бұрын
Linger it drag, deeper it fall.
@lvndnv
@lvndnv Ай бұрын
What's a block chain? A mathematical formula? What's a Sam Bankman-Fried? Or is it Sam Bankman-Fraud?
@aliberry1553
@aliberry1553 Ай бұрын
YES USA
@leecheong4986
@leecheong4986 Ай бұрын
Good...then the debt pit will be much much much deeper with irreversible damage.
@fredrikbergquist5734
@fredrikbergquist5734 Ай бұрын
They will ban trading gold as they did 1929.
@nauy
@nauy Ай бұрын
Stable coins backed by treasuries. So you mean your stable coins can lose your money like SVB, except no FDIC and FED to bail you out? Yeah, nice and stable!
@Namegoeshere-op9hg
@Namegoeshere-op9hg Ай бұрын
Acromegaly?
@hotrodsandcows
@hotrodsandcows Ай бұрын
His eyebrows may indicate he’s part Sasquatch….
@SMoore-vj7bt
@SMoore-vj7bt Ай бұрын
Nic’s thesis hinges on CENTRALIZED stable tokens (USD). If DECENTRALIZED stable token rise, then his thesis falls apart.
@bairdseymour
@bairdseymour Ай бұрын
Oh, yeah. Bitcoin is going to solve everything. LOL
@vincevince7086
@vincevince7086 Ай бұрын
everyone else divesting while only us printer is investing on more paper ,dollar brrrr unlimited !
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