When global debt gets called in that last margin call, the main currencies for trade will end up being USDT or USDC. So, countries like the UK, Europe, Canada, and others that are tied to Western debt will need to get into stablecoins.
Europe is ahead of the game compared to other regions since they already have EUR stablecoins, but once the world shifts to using stablecoins as a standard, every other nation will have to acquire stablecoins for trading purposes. Japan, Europe, and the US will be in a solid position when the great reset happens... but the UK is in a tough spot since they don’t have stablecoins like the US and EU do. This means they’ll have to start borrowing against things like stocks, land, and other assets. They can't dip into gold because the US has already taken most of it from London’s LBM.
Britain might end up fully under the control of European or US financial institutions or even Japan. That’s because those three countries can provide enough stablecoins for Britain to operate, and once stablecoin standards kick in, the UK will be stuck using the old pounds for global trade, which no one is gonna accept.
Canada’s in the same boat as the UK they have no stablecoins in place, so what’s their move? Obviously, they’ll be exchanging their land and resources to the US for stablecoin loans.
The strong players in the stablecoin game are Japan, the US, and Europe, thanks to providers like Circle with USDC... props to those nations.
Trump won’t need any military action to take over Canada; it will all happen legally, since Canada wants access to USDC... and they don’t have a deal with Circle for a CAD stablecoin. So, they’ll have to trade land and resources just to stay competitive globally.
Canada is set for the great reset.
US Dollar Set to Increase in Value, Along with Euro and Yen
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I'm still confused about why you keep pushing for stableshitcoins and think they are any good. But considering dollar value, it is impossible for it to go up in value. And that's not just because of obvious reasons like its ever increasing supply like any fiat (although at a much higher rate compared to any other fiat currency) or even the US MASSIVE national debt! but mainly because of the current policies of the US government.
Trump has experienced complete failure in literally everything he was supposed to do. One of the things that is relevant here is to decrease the trade deficit. He managed to manipulate the numbers and get it higher temporarily (exporting non-monetary gold, having companies panic purchase and import their needs,...) but in order to sustain that he needs to devalue dollar. Something he has been pursuing to some extent. He desperately needs that, specially with the increasing economic hardship in US and the crimes he has committed and are now coming out with the Epstein case. He needs to at least deliver on something and the stats manipulation isn't going to work forever...
HumbleShardMember
Posts: 27 · Reputation: 127
#3Aug 10, 2024, 07:04 AM
Dollar inflation, debt, bad policy, trade deficitsall valid concerns. But saying USD is impossible to hold value short-term isnt accurate. In risk-off periods, USD still acts as global settlement currency, whether ppl like it or not.
I'm trying to figure out where this even starts making sense and I can't find it.
Stablecoins aren't magic. They're not a limited resource that only certain special countries get access to. They're wrapped fiat. That's the whole thing. You want a GBP stablecoin? Make one. It's not complicated. The reason why UK doesn't have a major one isn't because they can't, it's because there's no point.
You're acting like international trade is just gonna suddenly require these particular tokens. Why? Trade takes place in whatever currency both sides agree to. Has for centuries. The dollar is dominant by economic US power NOT by Tether.
You think that Canada is giving up land for USDC? They could just buy USDC now on the open market. with their own money which they have because they're a G7 country. Same with UK. They've been a financial center since before the US exists but sure they're gonna panic over not having a stablecoin partnership.
For what imposes being in a stable coin and hoping that the value will increase, it is clear from the name alone that this coin will not have a big impact and is not really worthy of being used as an investment, let alone as a hedge because the coin's stable price benchmark is more directed to the fiat value which we certainly know that the longer the value will shrink.
To be in the coin stable maybe we will not feel the impact because the nominal will remain the same but when we calculate this with the life we have and with our daily needs then it will be very felt so I don't think it's too good to force to push to be in the coin stable because it will not have a big impact on our hedge.
When we decide to invest then we must be aware that in this case we hope that this will be very good to keep the hedge and will have a lot of profit in the future but when we are in stable coin in the end the thing that we expect with the hedge and having long-term profit it can fall because we will not get that.
Does stablecoins not lose value and get crash as the fiat currency? Some of you all don't want to admit about the distabilisation of the dollar losing it value due to many bad policies of the past and with the dedollarization by many countries it further rapidly makes the devaluation worrisome for Washington. All what' it's doing is a damage control strategy to the US dollar. Hedging our funds in assets like bitcoin, and other precious metals like gold, silver, palladium, and platinum are saved haven means than any dollar pegged stablecoin.
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