🚨NEW: A group of seven Senate Democrats, including @gillibrandny, @MarkWarner, @SenRubenGallego and @Sen_Alsobrooks, say they are “committed to working in a bipartisan fashion” to pass the Clarity Act.
The statement comes amid early efforts to restart bipartisan talks and gauge the appetite on both sides for returning to the table and getting the Clarity Act passed before the end of the year, according to three sources familiar with the discussions.
Pearl Harbor Attack 2.0
1941, Dec 7: Original Pearl Harbor attack by Japan targeted the US mainland. Now, Pearl Harbor 2.0 is a financial attack on the US dollar.
US interest rate hikes lead to US bank failures, with US Treasuries at the core. No country in the world wants US Treasuries anymore. By expelling Russia from SWIFT, anti-US countries and third parties lose trust in the dollar and US Treasuries.
Europe, Japan, US, G7 VS Russia, China, Brazil, Africa, Middle East, Turkey, BRICS
The energy transition is in full swing in Europe before the RU war. Europe champions energy conservation and carbon neutrality in the 21st century with environmental protection on its agenda. Catching fireflies for light could be next.
A new Western agenda must be created. Over 50% of the world's population is now in the anti-US camp. Persisting with outdated policies like carbon neutrality (ESG) will only limit progress in the current political climate.
Is 'Putin' the one causing the most significant burden to the US and the West right now?
On the surface, it may seem like Putin, but the person who currently has the US by the throat is Mohammad bin Salman (MBS), the Saudi prince. He owned the largest stake in Credit Suisse (CS) and the bank went bankrupt when Saudi Arabia refused to invest more. Immediately after, the central banks of the US, Europe, UK, Switzerland, Japan, and Canada simultaneously announced joint measures to strengthen dollar liquidity by changing the frequency of dollar swaps from 'weekly' to 'daily.'
If Saudi Arabia had helped, the situation could have been resolved immediately, but a single 'No' led to the bankruptcy of Switzerland's second-largest bank. The Swiss bank's bankruptcy damaged its credibility, which is the same for all six central banks. The Swiss bank's bankruptcy is equivalent to the bankruptcy of a US bank because Switzerland sided with the US in imposing financial sanctions on Russia, losing its neutral status. As a result, funds are being withdrawn from Switzerland by the Middle East, Russia, and China.
#cryptocurrencies
#inflation
#crypto
#bitcoin
#doorinati
They say that banks are safe before they go bankrupt, and they say they are safe after they go bankrupt. The safety we think of and the safety they think of are different kinds of safety.
The type of asset safety that we think of is #Bitcoin. - DooriDoori -
"Our perception of asset safety lies in #Bitcoin. What are your thoughts on this? @coindesk@Cointelegraph@decryptmedia @TheBlock__ @crypt0snews@VitalikButerin@aantonop@brian_armstrong"
The US's ultimate decision
China, Saudi Arabia, and Japan are all dumping US Treasury bonds. How long will the US keep pushing these bonds onto its banks? The answer is already clear. The US must distribute all its bonds into a stablecoin (80% Treasury bonds, 20% dollars). The US must stake everything on the circulation of stablecoins.
What concerns them (BIS, FED, IMF, ECB) is that if stablecoins become popular and then negative news related to Tether and USDC is announced, a bank run could occur immediately. The bank run now is not about going directly to the bank. Like the SVB situation, a bank run can happen through mobile phones, with tens of trillions of dollars withdrawn within a couple of hours.
What if stablecoins are distributed worldwide? Hundreds of trillions of US Treasury bonds and dollars could be sold off at once. This is something the US cannot withstand.
If the US Department of Justice or SEC attacks Tether and Circle, or if problems arise with USDT and USDC, it would be a suicidal move for the US. It would be attacking its own Treasury bonds and dollars.
Systemically, stablecoins are the precursor to entering cryptocurrencies, with USDT and USDC quickly convertible to Bitcoin and Ethereum. The question is, will the funds that have been converted into Bitcoin and Ethereum return to stablecoins? In reality, it's difficult.
Now is not the time for Biden's White House annual report to announce, "Cryptocurrencies have no value." It's not up to the White House to determine the value of cryptocurrencies; it's up to the public.
The intrinsic value of Bitcoin is not due to the existence of various governments, FED, ECB, BIS, IMF, or WEF. It's the resistance against the privileged forces that cause financial crises every 10 years and take away the public's money.
The US is at a crossroads with two choices.
First, continue to push US Treasury bonds onto domestic banks, exacerbating the bad debt problem.
Second, melt the US Treasury bonds into stablecoins and popularize them.
If the second option is chosen, funds could massively flow into 'Bitcoin' and 'Ethereum' as the precursor to cryptocurrency capital movement. As a result, the position of traditional finance will narrow.
China, Saudi Arabia, and Japan are also dumping US Treasury bonds.
I want to ask again, what will you do with the US Treasury bonds? - dooridoori -
#Bitcoin #doorinati #dooridoori #IMF #BIS #fed
Peter Schiff, the government, and Wall Street predict that precious metals will be tokenized and traded as digital gold, but they still don't fully understand the essence of the problem. The public no longer trusts the government, the Federal Reserve..
https://t.co/eXc1Z90cVp
#Bitcoin Early Adapters, Enthusiastic #Cryptocurrency Supporters, Investment Genius, #Timdraper.
Strong confidence that doesn't give up on your beliefs!
#Dooridoori & #Doorinati believes that the bitcoin you're talking about is "NEXT BIG THING".
See u in korea soon😎
#Bitcoin Early Adapters, Enthusiastic #Cryptocurrency Supporters, Investment Genius, #Timdraper.
Strong confidence that doesn't give up on your beliefs!
#Dooridoori & #Doorinati believes that the bitcoin you're talking about is "NEXT BIG THING".
See u in korea soon😎
Michael J. Saylor's passion for #Bitcoin is more beautiful than being with any beautiful ladies.😎
#Dooridoori in Korea and the world's special coin community #Doorinati are cheering for you.
We look forward to meeting you in Korea someday.
#cryptocurrency#MicroStrategy