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148 sats \ 2 replies \ @justin_shocknet OP 20 Mar \ parent \ on: Tether the 7th largest buyer of U.S. Treasuries when compared to Countries econ
Other fiats.
The dollar being the world reserve currency means it is equated with "stuff". As long as people need "stuff" in a global economy, they need dollars. Why hold your local countries shitcoin when you can get a US shitcoin instead and skip the extra depreciation?
This paints the big picture of why Bitcoin had to be created:
This dollar as world reserve currency is a national security liability for the US, not an asset. It forces the US to grow its supply of dollars to meet the demands of the world economy. To do that, it must issue reckless amounts of debt and outsource productivity. Aka Dollar Dutch Disease or the Triffin Dilemma.
Bitcoin and Stables are just as much part of the currency war as the Tariffs.
Are we seeing other fiats crashing because of Tether adoption? It seems like the scale is great enough that we should.
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If the US were to stop running multi-trillion dollar deficits to keep them afloat, they would.
There's also been other emergency interventions like Fed swap lines with other CB's, Special Drawing Rights, and money laundering abroad (Ukraine is just the most visible example).
Tariffs, DOGE, and reinstating the Treasury while deprecating the Fed, start the death march of other fiats in earnest. That's why the shrieking globalist have all assets deployed against those things happening.
Abuela in South America keeping her grocery spend in Tethers instead of Pesos doesn't move the needle in global finance quite yet, but it's a signal of what's to come at greater scale.
Here is the DXY since 2008 (GFC), at a certian point this has to break out (and break everything when it does)
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