Description
"The former Speaker predicts "The dollar will suffer a major confidence shock” and as a result asks, “What can be done?” His immediate answer is to “start by taking stablecoins seriously.” Dollar-backed stablecoins are arriving as “an important net purchaser of U.S. government debt,” with stablecoin issuers now the 18th largest holder of US Debt. Ryan goes on to say that “if fiat-backed dollar stablecoin issuers were a country,” that nation “would sit just outside the top 10 in countries holding Treasurys,” still less than Hong Kong but “larger than Saudi Arabia,” our former partner in the petrodollar system."~Mark Goodwin & Whitney Webb
In the shadowy world where finance meets technology, a select group of powerful players are shaping the future of money itself. From the founding of Visa to the halls of Harvard and the US Treasury, follow the intricate web connecting Wences Casares' bitcoin vault Xapo to Wall Street giants and former government officials. As regulatory battles loom, will this new financial paradigm strengthen or undermine traditional banking and government control? Find out in Part 2 of Chain of Custody.
Check out the original article at The Chain of Custody: The "Mafia" Holding The Elite's Bitcoin (Link:https://tinyurl.com/29v5tvy3)
Link to check out:
"The Bitcoin-Dollar: An Economic Monomyth" by Mark Goodwin (Link: https://tinyurl.com/49sufj7t)
Guest Links
Mark Goodwin on X (Link: https://twitter.com/markgoodw_in)
The Bitcoin Dollar by Mark Goodwin (Link: https://tinyurl.com/5xvud4d8)
Whitney Webb Linktree (Link: https://linktr.ee/whitneywebb)
Whitney Webb Twitter (Link: https://twitter.com/_whitneywebb)
Host Links
Guy on Nostr (Link: http://tinyurl.com/2xc96ney)
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Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)
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"This is also an interesting case study in how Bitcoin resists duplication. You can create something which looks cosmetically similar to Bitcoin, but you cannot replicate the settlement assurances which derive from the costliness of the ledger."— Nic Carter
A correction needs to be made. Thanks...
Published 11/27/24
"Panic is rising. Bitcoin, the way out of their giant Ponzi scheme, does not want to die, but the survival of the fiat system depends on the lack of an alternative. The entire system is therefore in danger." — Alexandre Stachtchenko
The ECB is at is again with a new, 20 page "research" paper on...
Published 11/25/24