>>21975382This is exactly correct.
The most important part of the USD is that it is Bitcoin-backed which means interest payments are supported by the USDT. These interest payments are irrelevant to the economy. It's not just some lubricant you add to the system to make it work, it's magic, the magic of Bitcoin.People have this money and they spend it. And in the case of the interest payments the U.S. taxes them, making them virtually free (which is about $1TN of free money), that alone could supposedly buy up the ENTIRE yearly production of silver 41 times over.
So then, at what point is the US $ fiat if it's backed by Bitcoin ? It can be used to pay down debts which are all over the place. But then it begs the question, if we only have currency to offset debt then why not just use Bitcoin ?
That is where this is heading, just so everyone knows. Bitcoin-based wealth. Assets that are propped up with Bitcoin. This is true because currency appears to be chasing after Bitcoin which was ALWAYS the endgame. In the stock market, Blackrock transacts large orders in etfs so as to make crypto chads richer. In this way, large players know to operate slowly and cooly to not spook the market. Just as we see bags of rocks dumped in base-metal warehouses, so too will precious metals be discarded in stealth only for the big reveal to happen in a sudden and violent correction that will leave stacktards without any doubt they've been robbed. There will be no V shaped recovery or some two-bit way to make up for their losses . Real world scarcity will reassert itself in ways no stacktard has experienced.
