@RepJeffries So what were you and Jared Kushner discussing if they're such "extremists" (your words)? Why would you be discussing how you can work together? We're all wondering about the details, and why you call them extremists and then have private meetings.
https://t.co/TG0jhgmshP
@mrcauliman Gonna be checking all your stuff out soon. I spent years working with devs on sites that had complex back end functionality. Looking forward to seeing what you're doing. Respect.
@mrcauliman The thing is, just like a lot of retail gets shaken out by the waiting, a lot of the influencers whose play is "OMG! XRP did what?!" and "BREAKING: XRP blessed by the Pope!" BS will also thin out. At least I'd like to think so. I'm not in this for the hype and the drama.
Institutional-grade credit is coming to the XRP Ledger (XRPL).
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🚨 Putin Reveals That PetroYuan Is Live and Confirms The Death Of Dollar By The U.S. Itself
Vladimir Putin says the US Government is killing the dollar with their own hands, many countries including major oil producers, are accepting payments for oil in Chinese yuan.
And for the first time ever, China has internationalized a gold-linked yuan, complete with massive physical gold vaults in Hong Kong, yuan-denominated gold trading, and a clear exit ramp from dollars into real metal.
Recently, the IRGC warned that if the U.S. doesn’t leave the Middle East entirely, every barrel of oil flowing through the Strait of Hormuz must be traded in crypto or Chinese Yuan.
Today, the US Treasury admitted the long end of the bond market is broken. The demand for bonds have plummeted. They announced they’re AT LEAST DOUBLING their liquidity buybacks of those exact long-term bonds, from a $2 billion max per operation to $4 billion.
Japan dumped $26 Billion of U.S. Treasuries in June. BoJ’s @yutokanzakireal warned that they have considered the extreme case scenario of loss of creditors’ trust on the U.S. dollars and apologized for the measures prepared by the BoJ.
Japan is no longer a reliable buyer. They’re a forced seller. When the biggest creditor starts dumping, the entire house of cards shakes.
Nations can now sell oil for yuan… then convert straight into gold. No more forced recycling into U.S. debt.
This isn’t theory. Bond markets are flashing red, the Treasury is firefighting with buybacks, and the East is quietly building the exit. When the world’s reserve currency loses its biggest supporters and its energy backing at the same time… the reset doesn’t knock politely.
@SecScottBessent Sounds good in theory, but current situations that lie outside of our control may likely significantly constrain us and severely restrict us from achieving our targeted outcomes. Still worth a shot, but it's gonna be a slog.
What Scott Bessent did today is a call to SHORT more US bonds.
The government couldn't find enough buyers for its own long bonds, so the government became the buyer.
Argentina does this and Turkey does this.
We now do it 3 months before an election, and the financial press is calling it “decisive leadership.”
These are emerging market tactics, and the effect will be temporary at best.
Bessent will go down as one of the most consequential Treasury secretaries in history, and history will not be kind to him.
Short the bonds.
You cannot own enough gold.
Listen to my full take on this, and what you should own right now: