Tether's Circle of Death
From Matthew Kratter's Bitcoin University
# Video Description
> In this video, I discuss how Tether and USDT help to extend US dollar hegemony, while simultaneously helping to fund US government wars and covert operations.
> Tether is one of the fastest growing exporters of US dollar colonialism. Here's how it works:
1) Encourage more people in the global South and elsewhere to use USDT
2) More global demand for USDT leads Tether to buy more US Treasuries to back new USDT
3) The issuance of more US Treasuries helps to fund US overseas adventurism, war, and CIA coups which hurt the very people in these countries who are buying USDT.
> It's the circle of death:
1) You buy our USD deathcoin.
2) We'll use it to fund US government activities.
3) The US government will destabilize your country through war and coups--
4) Thus leading you to need more USD because your local currency has been destroyed--
5) So you buy more USDT and the cycle repeats.
> What's a much better and more ethical way to spread Bitcoin adoption? You onboard people directly into Bitcoin, not the USD dollar or USD stablecoins. This is what is taking place in Bitcoin Jungle, where a real circular Bitcoin economy is developing.
originally posted at