.@ShawnRyan762 asked me point-blank: "Why did Jesus have to die on the cross?"
I am humbled and honored that I was put in a position to answer this question for him. This story is one of the best illustrations of the Gospel that I've ever heard.
Clarity Act is now poised to accelerate the “Bretton Woods 3.0” framework that I’ve talked about.
The yield “ban” is cosmetic & simply something for banks to tout as a victory.
It bans stablecoins from paying you interest for just holding them: the way a savings account does.
But it explicitly allows stablecoins to pay you rewards for using them: buying things, lending, providing liquidity, participating in any program..
Now consider that those rewards can be calculated based on how much you hold & for how long.
I think that’s what we just call interest, but it will now be rebranded under a new name.
So, the implications:
- The fact that there is now a carve-out for stablecoin yield will accelerate the Bretton Woods 3.0 system.
If the ban had been real (no yield in any form) there’s no reason for anyone to hold stablecoins over a bank account. Stablecoin adoption would flatline (especially in Developed Markets) & Bessent’s $3.7T target would be hard to achieve.
This carve out keeps the incentive to hold stablecoins, which keeps the growth flywheel spinning.
- CBDCs can’t compete. No central bank would design its digital currency to pay activity based rewards calculated by balance & duration (too close to monetary policy). However, dollar stablecoins can. So in every market where a CBDC competes against a $ stablecoin, the dollar product is economically superior. The Clarity Act now guarantees that advantage persists.
- The dollar now goes global without permission. The new text allows platforms to pay incentives for payments, remittances, & settlement activity using stablecoins. That’s a subsidy for global dollar adoption funded by private companies (not taxpayers). Meanwhile, increasing Treasury demand in the background.
For example, a Filipino worker now gets a rebate for sending remittances in USDC. There’s an additional incentive for him to now transact in stablecoins, which, unbeknownst to him, purchases American debt behind the scenes. A win-win for global stablecoin users & the American economy (fiscal situation).
The compromise looks like a ban.
But it’s actually a growth mandate.
As I’ve stated, the US government needs stablecoins to scale because it needs someone to buy its debt.
Bretton Woods 3.0
DAAAAAAAAAAANG
When God picks the leader
The people hate him
When the people pick the leader
God doesn’t like him
Who picked Trump?
Look at the riots, the violence
The yelling and screaming when
Trump got into office both terms
Makes sense right?
I'm not saying this is true, but it is interesting.
If you overlay Christian beliefs on the end times with Islamic beliefs on the end times, what you discover will send a CHILL down your spine. Buckle up for this one 😳
Video Credit: Josh Howerton
🚨 BREAKING: 🚨The Maricopa County Board of Elections has come forward to issue an apology to President Trump, stating that elections officials in the county have now brought forth evidence alleging that then Secretary of State (now Governor) Katie Hobbs and then Speaker of the Arizona House of Representatives Rusty Bowers PERSONALLY ORDERED THEM TO DESTROY TENS OF THOUSANDS OF MAIL-IN BALLOTS FOR PRESIDENT TRUMP and to count the TENS OF THOUSANDS OF BALLOTS THAT WERE CAST BY ILLEGAL ALIENS FOR JOE BIDEN in Arizona's largest county in the 2020 election. This was "outcome-determinative fraud" by the very individuals who were entrusted to conduct, oversee and certify the election and Hobbs and Bowers are both alleged to have been on the payroll of at least 3 hostile foreign governments, The George Soros Open Society Foundation and The DNC in exchange for RIGGING the 2020 election in Arizona. Put simply, there is now IRREFUTABLE AND INDISPUTABLE PROOF that President Trump WON the state of Arizona in that STOLEN election out of the mouths of the very people who counted the votes. LOCK THESE TREASONOUS CROOKS UP NOW! 🇺🇸💪🏻🔥
@EricLDaugh Oh boy and just wait for when I post my video, purposely have been waiting to let this unfold to drop the bomb of fraud exposés
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