I’ll probably be doing another episode on it sometime soon, but I covered a recent piece of theirs on the show and have abridged versions of my thoughts in there commentary afterward.
I think the theory is generally sound, and definitely a move for the dollar that some are trying to exploit, but I don’t think it’s as clear cut as to what the outcome will be. I question just how good for the US debt market it will be, especially accounting for the fact that tether (our stablecoin example) has zero interest in buying any *long term* bonds, but buys the shortest time they possible can. I think that has huge implications for the market for govt debt, even with an expansion in the dollar network.
More to unpack, probably a coming Guy’s Take
Part 1: https://fountain.fm/episode/g5C0zTVvroRbCP34NaNo
Part 2: https://fountain.fm/episode/r9wR7NMqAe3eomHtaZbx
TheGuySwann / Guy Swann
npub1h8…6rpev
2024-08-18 03:59:14
in reply to nevent1q…wjyc
Author Public Key
npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpevPublished at
2024-08-18 03:59:14Event JSON
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"content": "I’ll probably be doing another episode on it sometime soon, but I covered a recent piece of theirs on the show and have abridged versions of my thoughts in there commentary afterward. \n\nI think the theory is generally sound, and definitely a move for the dollar that some are trying to exploit, but I don’t think it’s as clear cut as to what the outcome will be. I question just how good for the US debt market it will be, especially accounting for the fact that tether (our stablecoin example) has zero interest in buying any *long term* bonds, but buys the shortest time they possible can. I think that has huge implications for the market for govt debt, even with an expansion in the dollar network. \n\nMore to unpack, probably a coming Guy’s Take\n\nPart 1: https://fountain.fm/episode/g5C0zTVvroRbCP34NaNo\n\nPart 2: https://fountain.fm/episode/r9wR7NMqAe3eomHtaZbx",
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