ilmscore | Russia Says U.S. Planning $37 Trillion Crypto Reset

Predictions from this Video

Total: 9
Correct: 0
Incorrect: 2
Pending: 7
Prediction
Topic
Status
The speaker believes it is inevitable that the US will devalue its $37 trillion debt using stablecoins and Bitcoin.
"I think it's not just going to work. It's going to be inevitable and I think it's going to happen. Not exactly in that way, but that's what I'm going to help explain in today's video. I want to show you what Putin's adviser exactly said and how the US will devalue its $37 trillion worth of debt with stable coins and Bitcoin."
US Debt Devaluation through Stablecoins
Pending
Under the proposed 'Genius Act,' approved entities like banks or potentially large tech companies (e.g., Apple, Meta) could issue regulated, dollar-backed stablecoins in the US.
"And under the Genius Act, it says only approved issuers like banks, trust companies or non-bank firms can get special approval. They can issue regulated dollarbacked stable coins in the United States. So if Apple or Meta wanted to, they could create their own currency like Metacoin, right?"
US Government Stablecoin Adoption
Pending
The US will likely implement a strategy involving cryptocurrency or stablecoins to address its national debt at some point in the future, validating the Russian advisor's prediction.
"So, yes, the Russian adviser is 100% correct in his assumption that that's what the US will most likely do at some point in the future if it cares about solving its national debt."
US Debt Devaluation via Private Companies
Incorrect
The US government's strategy is to allow private companies to innovate and pioneer new technologies (like crypto), and then absorb these successful innovations nationally once they become too significant to ignore, allowing for a more subtle and deniable adoption process.
"Innovation starts privately and when it becomes way too important to ignore, it gets absorbed nationally. Right? This way it's way more subtle, way more gradual and it's kind of deniable until the day it becomes official."
US Government Adoption of Private Innovations
Pending
The US is predicted to use cryptocurrencies and stablecoins as a tool to devalue its $37 trillion national debt.
"He said the United States is preparing to use crypto and stable coins to secretly devalue its entire $37 trillion debt."
US Debt Devaluation Strategy
Pending
Inflationary devaluation of US debt is exported globally through stablecoins, forcing all stablecoin holders to share the burden as their digital dollars lose purchasing power.
"So if the US devalues its debt through inflation, the burden doesn't just hit American citizens, it gets exported worldwide through the stable coin system. So inflation then becomes kind of a shared tax that stable coin holders everywhere are forced to pay because their digital dollars also lose purchasing power at the same time."
Exporting Inflation via Stablecoins
Pending
Private companies like Apple or Meta could potentially issue their own stablecoins, bypassing direct government control and political scrutiny.
"they don't carry the same political baggage that you know is associated with the Federal Reserve or the Treasury... So if Apple or Meta wanted to, they could create their own currency like Metacoin, right? All they got to do to get approval is just suck up to the president a little, right?"
Private Sector Stablecoin Issuance
Incorrect
Stablecoins are predicted to be instrumental in devaluing US debt, offering control similar to Central Bank Digital Currencies (CBDCs) without the direct association.
"And that's why stable coins are going to play such a huge role in the devaluation of our debt. It's kind of CBDC level of control without the CBDC brand."
Stablecoin Role in Debt Devaluation
Pending
The speaker believes it is highly probable, perhaps even inevitable, that the US is already exploring strategies to devalue its debt using crypto, though not in overt ways.
"Then now I actually think it's more possible maybe even inevitable that the US is already experimenting with this idea just not in the way that we hear about it."
US Debt Devaluation via Crypto is Inevitable
Pending