Friday, November 29, 2024

President 'Crypto' Trump: The acceleration of the digitalization of everything including financial surveillance with Tether as the gateway from the USD to crypto

Editor's note: Notice that many of these young kids in their 20s who were born into this technological age growing up with smart phones who are now "millionaires" based on their understanding of trading and buying cryptocurrencies. They were allowed to run with cryptocurrencies in a wild west environment until cryptocurrencies were refined coming up with the top cryptos one which seems to be Tether (a "stablecoin" with the code USDT). Tether was considered an "outlaw crypto" for years now it's the transition crypto. Howard Lutnick is part of Trump's transition team and as the likely Commerce Secretary Lutnick's Cantor Fitzgerald is involved in the cryptocurrency Tether. All of the controversy connected to the stolen election of 2020, the lawsuits, the confusion, anger and illegality surrounding voting fraud was in all likelihood deliberate to set the stage for digital IDs. Digital IDs will be introduced to "prevent future voting fraud". Then with digital IDs comes cryptocurrencies, tokenizing nature, social impact bonds, smart contracts and the technocrat's dystopian dreams coming true of owning nothing (Lutnick works with the WEF).  Now that Trump is moving into the White House his job is to transition the US to a new monetary system. Trump's job is to get everyone into cryptos. The "crypto president" (gold and btc tethered?) and Lutnick who is a massive investor in Tether is Trump's go to crypto guy. The goal now is to offset the massive fiat currency debt bubble with the incoming cryptocurrency market worth an estimated $2 trillion to make the transition to the new ponzi scheme. Tether will be the transition crypto.

Tether was an outlaw for years. Now the $132 billion stablecoin has a key ally in Trump’s cabinet
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Trump pick Lutnick's firm in talks with Tether for $2 billion bitcoin lending project, Bloomberg reports

By Reuters | November 25, 2024

Nov 24 (Reuters) - U.S. President-elect Donald Trump's pick for Commerce secretary, Howard Lutnick, is in talks to deepen his financial ties with the company operating the world's largest stablecoin, Tether, by launching a $2 billion project to lend dollars to clients against bitcoin, Bloomberg News reported on Sunday.

Lutnick's financial services firm, Cantor Fitzgerald, is discussing receiving support from Tether to help fund the project, which could potentially reach tens of billions of dollars, the report said, citing people familiar with the matter.

"Tether Investments is looking to use part of the profits generated in the past years for different opportunities", Tether said in an e-mailed response to Reuters.

Cantor Fitzgerald did not immediately respond to a Reuters request for comment outside business hours. Tether uses Cantor to hold billions of dollars worth of Treasuries that support the value of its stablecoin in a relationship that helps Lutnick's firm earn tens of millions of dollars annually, Bloomberg reported.

Stablecoins are digital tokens designed to keep a constant value, and are backed by traditional currencies such as the U.S. dollar or euro.

Please go to Reuters to continue reading.
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More:

Cantor Fitzgerald CEO Howard Lutnick backs cryptocurrency Tether despite Hamas links


In Australia digital IDs will be required to participate in social media whereas in the US the technocrats are trying to get the digital IDs through by claiming it is to "prevent voting fraud." In this transition to a new monetary system anonymity will be removed:



Tether's US dollar collateralized stablecoin, USDT (Tether), received an important confirmation. This "confirmation" was provided by Howard Lutnick, CEO of Cantor Fitzgerald reported by Bloomberg. What's going on here is a transition to a new financial and monetary system:

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