by Max Keiser at X
1. The US economy is no longer competitive, thanks in part to the presence of #Bitcoin
— and the gov is filling that hole with money printing.
2. Money printing is driving up inflation & interest rates; reducing competitiveness, and creating the ‘need’ to print more money.
3. Stable coins (that pay no interest on virtual $USD holdings), take advantage of the high interest rates, by investing hundreds of billions into US Treasuries – paying 5 1/2%
4. The entities that sponsor the stable coins invest their billions of US Treasury bill interest income — into #Bitcoin
5. As #Bitcoin rises, it puts more pressure on the $USD and the US economy, prompting the US to print more $USD, increasing debt, lowering competitiveness, and raising rates.
6. Rinse and repeat. “Bitcoin is the escape hatch” – Christine Lagarde
Continue ReadingHow the US is killing the $USD via a #Bitcoin speculative attack.
1. The US economy is no longer competitive, thanks in part to the presence of #Bitcoin — and the gov is filling that hole with money printing.
2. Money printing is driving up inflation & interest rates;…
— Max Keiser (@maxkeiser) May 6, 2024