@PeterSchiff The de-dollarization trade is alive and well and flowing into gold NOT bitcoin which is propped up by synthetic stablecoin (USDT Madoff printing, unaudited). The real question is not if but when long term treasury buyers wake up and sell sending long term rates soaring.
@JacobKinge all ponzis eventually collapse. tether is most definitely a ponzi scheme. has all the hallmarks: 1.) passionate shills 24/7 to deny rationality. 2.) no audit, trust me bro (150B Market cap), 1 parking space, bahamas. pop pop kaboom #tether#bitcoin
@elonmusk hey serious question...like why not have doge audit the @federalreserve. heck why not fire everyone there and shut it down. let free markets run!
@JacobKinge Essentially shorting an illiquid market to repaid in what is a waste of time. I shorted luna b/c I knew the algorithmic stablecoin was propping up luna to increase its price. Tether is the same thing and much larger.
@JacobKinge Like Madoff in positive markets everything is ebullient. Everyone knows tether is sketchy with 1% fees to withdraw and min. 100K to withdraw. When fear enters the market and redemptions rush in tether has no sufficient funds to pay bills. Card declined. How do we short, to make $
@JacobKinge Finally Jacob: Tether is the ponzi that fuels BTC. Bitcoin is real. Tether is the equivalent of the US federal reserve. Tether is no different than sitting in my basement printing money. Money has to flow in crypto.when tether is not printed, btc price usually stagnates or falls.
@JacobKinge Also Jacob: Foreign holdings of US Treasury holdings are reported. The country where tether is based out of has less treasuries than tether attests! The hq of tether for 140B in assets has one parking space. Anyone that refuses an audit, calls everything fud is a fraud.
@lobastovairina@coffeebreak_YT You are a member of the deep state cabal and a globalist sock puppet... probably aligned with George Soros. Shut up you globalist tether supporter.
2.) Stablecoin regulation where #tether fraud is exposed. Without liquidity bitcoin will collapse but not die. #Tether will die. I challenge anyone to prove me wrong. #whenlambo@coffeebreak_YT (more treasuries tether holds than the country they are hq'd in???π€£π€£π€£
. Remember Bernie Madoff traded more options than existed in CME. Two things will take down #tether potentially 1.) Liquidity event that forces withdrawals which tether has gaul to charge 1% minimum 100K withdrawal, nice feature for a ponzi /2
Also another red flag by casual #tether observer is that countries must state treasury holdings and they are less than the amount that tether states they hold for the country they reside in. what financial company doesn't get an audit /1 #bitcoin
@paoloardoino@tether Response to Transparency at #tether. It is a financial fraud with no financial backing. Visiting HQ at Bahamas, 1 parking space. No audit...Traded more than bitcoin. What could go wrong @BlackRock ???
@byHeatherLong Apparently Heather likes to stand on the scale with one foot off and one foot on. She is doing the bidding of lying to the American public about the high cost of living. The media is the enemy of the people.