Jim Rickards explains STABLECOINS and why the legislation is called the GENIUS ACT
Armed with Knowledge
VLA COMMMENT: What Jim Rickards hasn’t mentioned is that as the dollar value goes down, so does the stablecoin. However, it is “genius” as the sponsors of Stablecoin that sell it to the consumers buy Treasury Bills, supporting the USA government…that is until, if and when, there is a run on conversion back to dollars. But it seems like this strategy will help the USA due to “the Sponsors” buying treasury bills…if they do! Apparently, they are not “forced” to buy TBs. The “genius” main point of stablecoins is to support USA debt dabacle. The other points is sliding us in the digital/social, AI technocratic prison which seems inevitable except for an act GOD.
Regarding Jim Rickards.He has been advertising a property scheme investment regarding property in the mid-southwest:
Jim Rickards’s recent “property project” is not a specific real estate development but refers to his promotional analysis of vast, untapped mineral resources located on federally controlled land in the U.S. He refers to this as America’s “hidden national trust fund” or “$150 trillion endowment”.
The endowment: Rickards claims that massive caches of valuable minerals like lithium, copper, uranium, and rare earths are located beneath U.S. federal lands. These resources are essential for modern technology and national security.
Decades of inaction: For years, these resources were left untouched, according to Rickards, due to environmental regulations and political hurdles.
THE PROBLEM IS THIS: ALL THIS DEVELOPMENT OF STRATEGIC METALS AND RESOURCES NEED “WATER”.. Note: There is so little water in Arizona, for example, that permits for new homebuilding is denied. To add to this…Data Centers which are being slated on cheap land in desert areas such as Tuscon, AZ use tremendous amounts of water. Where is the water coming from? Climate engineering? There was a project during Kennedy’s time that the Congress did not approve because it was too costly.
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. Perhaps it is back on the agenda. Perhaps this is why Trump wants western Canada to join the United States. https://aquadoc.typepad.com/waterwired/2008/01/kennedy-to-cana.html
The post Jim Rickards explains STABLECOINS and why the legislation is called the GENIUS ACT appeared first on Vaccine Liberation Army.
Source: https://vaccineliberationarmy.com/digital-currency/jim-rickards-explains-stablecoins-and-why-the-legislation-is-called-the-genius-act/
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