Trump is Looting the Treasury.

I’m going to give you the last line of the story to see if it does the trick and hooks you. Then I’ll backfill to paint the whole picture.

Here goes.

Donald Trump has laid the groundwork to become one of the wealthiest people on the planet by personally making money from every dollar printed in the United States. And the worse the economy gets, the more money he stands to make.

Sounds illegal, but it’s not. Not yet at least.

Sounds far-fetched but it’s already underway.

Sounds like something you would have heard about or read about but you probably haven’t.

Let the backfilling begin.

Bitcoin and Burgers

The almighty dollar. Makes the world go ‘round.

Most dollars aren’t physical and haven’t been for a long time. Dollars are denominations of national currencies that sit on ledgers. But whether the vehicle is a credit card, debit card, PayPal, Venmo, ACH, wire transfer or cash—the value of money moving from one person to another is based on one thing alone that Americans under the age of 80 have never had to think about: faith in the U.S. government. Faith that the dollar will hold its value and buy a good or a service in the market, and that everyone involved in exchanging it understands what it buys.

We’ve had it good for a long, long time now. I’ve bored you to death about the importance of Bretton Woods in 1944 and how it made the U.S. Dollar the world’s reserve currency coming out of World War Two. But it’s as relevant today as ever before.

Even in the 1970s when inflation was ripping, the dollar was the dollar. Better than all the rest because the world knew its worth. So as we go forward today, think about these two things. This paper dollar and all it represents, and the implicit and unwavering trust in the United States to stand behind it.

Several years ago when Bitcoin hit the mainstream, I asked a financial industry veteran what he thought about the proliferation of crypto. He didn’t poo-poo it right out of the gate. He acknowledged it as a speculative vehicle with no inherent value but with a caveat. “When I can buy a hamburger with Bitcoin, then it will have my attention.”

When we think about exchanging currency for a good or a service, most of us still aren’t thinking about crypto as a means of payment. That said, adoption is happening quickly in certain sectors and it’s becoming increasingly routine for cross-border transactions that are initiated and settled on crypto exchanges. The next revolution in crypto payments will be in the retail sector, like when you pay for that burger in crypto with your digital wallet. PayPal is already in this space and several competitors are racing to encourage adoption.

So this is happening, but it’s important to understand the underlying mechanisms that make this engine run, because it will offer insight into the Trump family gambit.

Take credit, for example. When you pay for something with a credit card you’re moving money on a ledger. And there are several intermediaries that are invisible in the process. There’s an originating bank like Chase, a merchant processing company like Fiserv, the payment facilitator such as Stripe, the merchant services company like CardConnect, an ISO or independent sales organization that sets up the merchant to accept payments, and the card network like Visa or Mastercard and the merchant itself. Each one of these takes a cut along the way.

The ones that sit atop the heap are evaluating your personal creditworthiness to decide whether you’re going to fulfill your obligation to pay that charge down the road. And the outcome of this evaluation, or credit score, determines how big the fees are between you, the merchant, and all of those layers in between.

Even when you’re paying with a debit card, there are fees associated with it that are paid by the merchant for the ability to accept those funds from you.

It’s a pretty amazing concept and a system that we have lived with for several decades. It’s mature, pretty seamless, but very inefficient.

Hundreds of billions, if not trillions of dollars at this point, have been sunk into the infrastructure and marketing of it all. And now we live in a world where credit cards are accepted everywhere, even with all those grubby hands in the mix taking a cut. Now expand the example out to global finance because it’s not all that different in terms of moving money from one account to another.

A company in France that wants to purchase equipment from a company in Canada will go through much the same process. Even though one does business in Euros and the other in Canadian dollars, they can agree upon a value for the transaction and consummate the relationship. There are banks in both countries and intermediary banks that will negotiate the transfer of money, whether it’s on a credit card or through an electronic transfer. Fees are taken out and days might occur between sending and receiving payment because there are financial intermediaries determining the currency exchange and debiting and crediting ledgers. Again, pretty incredible but very inefficient and expensive when you add it all up. More importantly, 90% of these transactions are settled in U.S. dollars.

When you strip it all down, this is what the crypto industry is solving for at the highest level.

What if there were no onerous fees?

Instead of five intermediaries, what if there were none?

What if we all agreed that a digital coin equaled X in value and we could pay and receive this coin in an instant? No central bank backstopping an originating bank with reserves and swaps, no processing agent taking fees, no interest.

Well, this exists already. This disintermediation is happening all over the world and it’s accelerating exponentially.

Now forget about the thousands of bullshit meme coins that are out there. Forget about Bitcoin. Don’t get lost in centralized or decentralized exchanges. Just think about that one coin that represents a value that the whole world agrees on—everyone recognizing this digital coin in the same way that you and I look at the dollar and perceive value in it because we know what it buys us in the world. That’s a stablecoin, and it’s Donald Trump’s backdoor to becoming one of the wealthiest people on the planet.

Only he’s not there yet. He’s close, but there’s still time to stop this from happening.

The Stablecoin Genius

When it comes to digital currency and payments, no country compares to China. In China, citizens can pay for that burger with digital currency called e-CNY, the digital yuan backed by its central bank. Residents there can use WeChat Pay, for example, to pay for everything from Starbucks and dry cleaning to utility bills and taxes in several major cities where pilot programs have been extensively rolled out. Users don’t have to use the Chinese digital yuan through the central bank. They can still use their WeChat wallet without using the e-CNY but, as one might imagine, the Chinese government is encouraging widespread adoption of the digital yuan.

So if we imagine China as a microcosm of the world and what’s possible, then the future is the present. If China achieves full adoption of its e-CNY digital coin, the system there will be completely disintermediated—meaning all those middlemen will be out of the equation. China’s Central Bank backstops the digital yuan, everyone agrees on its value, everyone makes and accepts payments with it.

It begs the question, why don’t we do the same thing?

First off, our economies are very different, starting with how we raise capital to fund our governments and where that capital comes from. Governments circulate currency and then take it back through taxes, tariffs and debt.

Both the U.S. and China operate with massive levels of debt. Only ours is more obvious. U.S. debt currently stands at 125% of GDP with about a quarter of it held by foreign entities. In China it’s anywhere between 90% and 300% depending upon how you measure it and who you believe. And it’s all internal. It’s very difficult to purchase China’s debt instruments.

I bring this up because the way the U.S. government is funded is through the sale of our Treasuries, or dollars. We too collect taxes domestically and issue tariffs on imports to raise money, but the supply of dollars and the primary mechanism for funding the government is by selling treasury bonds into the global marketplace. So that’s one major way we take in dollars, but there’s a cost to it. We have to pay interest on it and that is what’s referred to as the treasury yield. For example, we just held a $25 billion auction for our 30 year treasuries, and we’ll use the proceeds of that auction to fund the government.

This is yet another competitive advantage to having the world’s reserve currency. The reason there is a neverending appetite for U.S. debt is because it’s the only way to get dollars. And the dollar is the universal currency of the business world.

The dollar. The world still needs the dollar to do business whether it’s business with or without us.

Now imagine if there was another proxy for value that everyone understood, everyone accepted and everyone used? Such a thing would have to be stable in value and easy, fast and cheap to transmit. Something every bank and every system recognized as a store of value just like this dollar.

That, my friends, is a stablecoin.

Right now there are two major ones in circulation, and the only thing holding them back is adoption, i.e. you having that stablecoin in your digital wallet on your phone and the fast food joint knowing how to accept it. Hold that thought.

The two major players are Tether (USDT), the market leader and privately held company, and Circle (USDC), which is the second largest and a publicly traded company. Tether has an annual projected transaction volume of $27 trillion. Circle’s is around $6 trillion. Now, a couple of comparisons to put these figures in context.

Global transactions involving the dollar are about 1,600 trillion or 1.6 quadrillion annually. So the dollar will be the center of as much volume every day as Circle is in an entire year.

Now, the stablecoin we’re focused on today, however, is a new one called USD1 owned by World Liberty Financial. The volume on this stablecoin is projected to be less than a billion dollars in 2025. So nowhere near Circle and miles behind Tether.

But there’s a catch to all three coins that shows why the dollar itself remains the heavyweight champion. Whether you’re settling a transaction in Tether’s USDT, Circle’s USDC or World Liberty Financial’s USD1, you’re still using the dollar.

Confused? No worries. It will all make sense in a second.

FIAT

Back to 1944. The world economy was a heaping pile of shit for a decade. And then everyone went to war. Again. Needless to say, confidence was a little low. The losing countries obliterated what was left of their economies and the winning ones weren’t much better off. So the leading economic minds of the Allied Powers gathered in Bretton Woods, New Hampshire under the watchful eye of John Maynard Keynes and devised a new global monetary order with the dollar at the center of it all.

Prior to this period, nations had to hold physical stores of gold to back their currencies. As the Depression and World War Two wore on, stores were depleted because the wartime economies and economic recovery efforts were larger than the gold deposits. To rebuild, we needed a new system that allowed for more currency in the world and thus the dollar reserve was established. Going forward, the U.S. Dollar would be issued in exponential quantities, but tied to a set value of gold.

The U.S. sold dollars to the rest of the world with the promise of fixed interest rates, filling U.S. coffers and providing liquidity across the globe. International monetary organizations were established to provide low interest loans to counties with no cash so they too could purchase dollars. And thus began the greatest economic expansion in the history of the world with the U.S. Dollar powering it every step of the way.

But recall our example of how dollars are purchased and all of the layers and mechanisms required to move them from the U.S. Treasury to central banks of other countries. These central banks loan these funds to their commercial banks who loan them to businesses and citizens. Middlemen everywhere, up and down the chain.

So when we talk about stablecoins, it’s important to understand that these coins aren’t replacing the dollars themselves. They represent those dollars. What they’re replacing are the intermediaries. This means that stablecoins are themselves another layer, but one that collapses several layers beneath it. But no business or bank in their right minds would use a coin that didn’t have intrinsic value. That’s why Bitcoin isn’t the world reserve currency as some of the original decentralized libertarian inventors of it had hoped. Stablecoins are backed by the U.S. Dollar, or at least the ones that are most in circulation such as USDT and USDC.

They achieve this by actually purchasing U.S. Dollars in the same way the European Central Bank or the Bank of Japan would purchase dollars in one of our treasury auctions. This is the part that I think most casual observers miss about the financial architecture of the proposed global stablecoin system.

There are two reasons why some banks and multinational corporations trust USDT and USDC and will settle transactions with them. The first is that they are backed by the dollar one-to-one; meaning every USDT has a value equal to the dollar. Same for USDC. That’s because for every Tether or Circle coin minted, they purchase a dollar from the U.S. Treasury. It’s one of the reasons the Trump administration is so keen to expand stablecoin adoption. To put this in perspective, stablecoins together now represent the 17th largest buyer of U.S. Treasuries, ahead of countries like Germany and Saudi Arabia.

Just like dollars used to have to have the equivalent of gold in reserve, these stablecoins have to have the equivalent absolute number of U.S. Dollars.

The second reason is the security and maturity of the platforms these stablecoins exist on. Over the years, crypto technology has been extremely volatile. Theft. Money laundering. Bank runs. Hacks. Until recently, it was a pretty hefty gamble to park funds on crypto exchanges. But that’s all changing quickly and the stablecoin platforms are now gaining wide acceptance due to more robust regulations, transparency and architecture.

So, again…The reason why stablecoins are gaining momentum is because they are secured by actual dollars and the tech is solid and trustworthy. With that under our belts, we can reveal how the Trump family is positioning itself to be the world’s central bank and loot the U.S. Treasury.

Crypto Fascist

Bringing money into the world is the domain of central banks. That money flows to retail and commercial banks to put into the economy. Citizens receive it through wages. We pay our wages to goods and services providers and the world keeps turning.

When central banks make the money they don’t just give it away, they sell it to the marketplace at a slight premium over the cost of producing the currency. A few cents for every note in circulation. That’s the first way central banks receive income.

The much larger portion, approximately 95% of the Federal Reserve revenue, comes from interest on the money they hold. Not every dollar goes into circulation at the commercial and retail level. The Fed will hold back money for reserves to ensure that it can stand in as the lender of last resort during a liquidity crisis, and to ensure that the government always has cash on hand. These reserves are then returned to the government by purchasing U.S. treasuries mostly along with other secure and marketable securities. It’s a guaranteed return on the creation of dollars, but it sounds funny to explain it because we’re basically lending it to ourselves and paying interest to ourselves.

This revenue model is called seignorage, a term used exclusively to describe how central banks make money.

With that under our belts, let’s return to the stablecoin market.

Like physical dollars, stablecoins are invented out of thin air. Before 1944 a dollar was directly tied to gold in a one-to-one relationship. From 1944 to 1971 the dollar was still tied to the value of gold but allowed to grow beyond the physical store through leverage. After 1971, it was no longer tied to gold and allowed to float freely based upon the inherent strength of the U.S. economy. In other words, tied to faith in our ability and willingness to pay back those who purchased our dollars with an interest rate determined by the market.

But because of all of the layers, between the time currency is minted and eventually finds its way into the economy, the process is laden with friction, delays and expenses. That said, the process is also mature and extremely stable and reliable so we’ve dealt with it for 80 years or so.

Stablecoins seek to disrupt the market by smoothing out the process and eliminating friction, delays and expenses. To truly disrupt the global system, however, it needs two things. Stable and predictable value and reliable convertibility. Overthrowing a system that the entire global economy was built around doesn’t happen overnight, because everyone up and down that chain we described—the central bank, commercial and retail banks, businesses and citizens, merchants and customers—all need to trust that a digital replacement is stable, predictable and reliable.

Tether and Circle, among others, had to first build out a reliable and transparent blockchain network that reduces fraud, prevents hacking, provides transparency, offers liquidity and can be easily adopted by counterparies. Judging by the fact that trillions of dollars are now flowing through their exchanges, the industry is warming to the idea and giving them a green light.

The second thing they had to do was provide certainty that they were backed by something solid. It’s just like when the dollar was pegged to gold. And since the dollar is considered as stable as gold in the modern era, these early entrants recognized the value in a one-to-one dollar peg. That’s why Bitcoin isn’t the preferred trading and settlement asset in this scenario. While it’s theoretically scarce—the last Bitcoin will be mined in 2140, or so they say—there’s nothing underlying it to provide a baseline value. The value of a Tether or Circle stablecoin, however, is exactly one dollar. For every stablecoin minted, these companies will purchase a dollar from the U.S. Treasury to hold in reserve.

Even still, that’s not enough to prevent a run on the stablecoin market, so these companies also have to build up liquid reserves, which takes time. Setting that aside, let’s go back to our seigniorage model because if stablecoins represent tradeable currency in the global marketplace then that makes the stablecoin issuers de facto central banks.

The same revenue rules apply to these companies as central banks. They purchase dollars from the Treasury then sell them to banks, companies and individuals to use as currency. And they too take a couple of cents from every stablecoin minted and sold into the wider economy. And like central banks, when users purchase the digital coins, they take a portion of the proceeds and invest them into other marketable securities. So that’s three ways of making money right there. They have that small cut from minting the coin, the return on investment from the U.S. Treasury when they purchase actual dollars and the returns from anything above the fully securitized amount of stablecoins in the market that were invested into other assets.

Now let’s bring our orange protagonist into the equation.

The Trump family owns 40% of World Liberty Financial, which holds the Trump meme coin, a convertible digital token, an exchange infrastructure and a stablecoin called USD1. Earlier in 2025, when Trump was pressing his personal interests in the Middle East, you might recall news of  an investment made through an Abu Dhabi government fund for around $2 billion. The otherwise banal investment made headlines because the deal was done with USD1 stablecoins. World Liberty Financial also received a $100 million investment from Aqua 1 Foundation, an entity that appears to exist primarily as a website registered on May 28, 2025, with no corporate registration or official filings discoverable in public databases.

So with a $100 million investment from an opaque source and $2 billion worth of stablecoins in circulation, the Trump family stablecoin suddenly became the fastest growing stablecoin in the world. Even though it is still dwarfed by Tether and Circle, this was a substantial head start. The Aqua 1 investment is on top of investments from the Trump family and other investors who got the platform off the ground, and since that time they have been racing to build out the platform to allow for more transactions to flow using USD1.

Now for the shady shit.

The fact that the Abu Dhabi deal enriched the Trump family directly should have been enough to shut this all down. That investment alone is said to have netted the family $57 million. The $100 million investment from an unknown source should also have been enough. To show you how quickly the return on investment compounds through seigniorage and market cap valuations, the Trump family stake in crypto ventures is estimated to be around $4.5 billion. And they’ve literally only just begun.

The infrastructure for the World Liberty Financial platform is said to have been built with significant support and input from the engineers at Binance, a company that originated in China but has since been banned from operating there. Its founder Changpeng Zhao, known simply as CZ, was sentenced to prison for facilitating money laundering on the platform in 2024. Despite being barred from China and forced to step down from his position to serve his sentence, CZ is one of the wealthiest people in the world with an estimated net worth of $70 billion. He’s currently seeking a pardon from the Trump administration. It’s worth noting as well that the $2 billion investment was funneled through Binance.

Recently, World Liberty Financial just announced a restructuring and partnership with a technology provider called Alt5 Sigma. There’s as much chest thumping and bro talk as one might imagine with a name like that. But it’s an interesting move that might provide a keen competitive advantage to the Trump family because their technology allows its stablecoin to enter the retail space. Remember that last piece of connective tissue we talked about that stablecoins require to increase adoption? Transmission capability and acceptance?

Alt5 Sigma is actually a respected platform with existing payment rails and integrations with banks and merchants alike. So think about how credit card companies worked for decades to get their point of sale systems into merchants and cards into customer hands. Literally decades to gain full market exposure so that consumers know they can pay for just about anything, anywhere with a credit card.

Now imagine all of that happening on your phone. That’s where your wallet is. Where your money is stored. When every merchant in the world enables payments from phone wallets, then the race is no longer about plastic in people’s hands and swipe terminals. It’s about choosing your preferred payment coin. That’s the race between PayPal, Tether, Circle, about a thousand others, and now Eric Trump, the stupid crypto face of the Trump family.

Also, one of World Liberty’s top investors is named Justin Sun, a billionaire based in Hong Kong. Sun appeared at a crypto summit along with Eric Trump and World Liberty Financial’s Zack Witkoff while the Trump administration raged at China over trade and even called on the CEO of Intel to resign because of past connections with China.

Another reason that USD1 is said to have gained surprising traction on crypto trading platforms is due to a relationship with a murky distribution exchange called PancakeSwap. Stupid name aside, the company, according to the Wall Street Journal, was birthed by Binance engineers and has “remained under Binance’s supervision.” The article further notes that, “starting in late May [2025], USD1 trading exploded on PancakeSwap, rocketing from a few tens of millions of dollars a day to regularly over $1 billion. Over 90% of USD1 trades have taken place on PancakeSwap, according to data from the platform and data tracker CoinMarketCap.”

The combination of opaque investors pouring billions into World Liberty Financial and its USD1 stablecoin, PancakeSwap providing a market for USD1 growth and circulation and Alt5Sigma’s ability to connect it with the banking, commercial and retail merchant world means that the Trump family stablecoin has all the pieces in place.

Looting the Treasury

The idea behind crypto exchanges was based on Friedrich Hayek’s vision of disintermediated financial markets. Essentially stripping global money supply responsibilities from governments and putting purchasing power and financial freedom into the hands of the people. Of course, the powers that be aren’t about to be sidelined, and that’s why crypto markets have evolved and matured into highly regulated marketplaces controlled by central banks at the end of the day.

That’s not to say there aren’t individuals and institutions making ungodly fortunes from it all. This is, after all, still being built within a global capitalist system.

But a tension remains between those who want to set money free, the governments who seek to retain control and the capitalists looking to profit from both sides of it. The Trump family sits in that third camp.

Donald Trump shouldn’t be allowed to own a global stablecoin and cryptocurrency enterprise that profits from the money supply. That much is obvious.

Here’s where everything about his presidency, his character, and complete takeover of American institutions comes together in a single narrative.

The world is running out of confidence in the U.S. government’s ability to manage its debt. We know this because the premium on our treasury auctions is going up, meaning the world increasingly views us as a default risk.

The world’s ratings agencies have all downgraded U.S. debt.

The One Big Beautiful Bill Act is going to dramatically weaken our economy through tax cuts, draconian entitlement cuts, general recklessness and deregulation. Even the original Congressional Budget Office (CBO) estimates of an additional $3.4 trillion in deficits over the next ten years are outdated given the increasing risk associated with our treasuries.

In other words, it’s even more expensive to service our debt than the CBO projected. And the tariffs, which are already showing up in inflation data, are going to choke the bottom half of consumers in this country within the year. This is a death spiral.

So we’re going to have to keep the money train on the rails. And one of the avenues the administration is banking on to shore up U.S. Treasury purchases is through stablecoins. The greater the adoption of stablecoins that use the U.S. Dollar as their reserve currency, the greater the purchase of treasuries. But if you think about this, it’s really just a one-for-one swap. Instead of central banks and multinational corporations purchasing treasuries directly, they’re using stablecoins as a proxy. It’s the same thing except all the benefits of seigniorage that used to flow to central banks would go directly into private hands.

On one hand, the disintermediation of middlemen means that money will flow more seamlessly with fewer costs associated with them. On the other it will move central bank profits to the private sector. Now here’s where the picture gets even murkier and how Trump is a singular figure in the world when it comes to the potential to profit off money supply.

Trump isn’t just some crypto cowboy. He’s in charge of the world’s largest economy for another three years. In just the first few months of his administration he’s been given a blank check from the Supreme Court to pretty much evade every rule, law or norm associated with the office of the presidency. So he’s clear to pursue personal gain without fear of running afoul of U.S. regulations or the Emoluments Clause of the Constitution.

His GOP-controlled House of Representatives passed three crypto bills that clear the way for greater stablecoin adoption and trading in the United States and with counterparties abroad. Only the first of the three, called the GENIUS Act, has passed the Senate, while the other two are in committee being marked up. The GENIUS Act moved oversight of stablecoins to the Treasury, which is controlled by Trump, as opposed to the Fed, which is independent. So that’s done.

The second bill is known as the CLARITY Act which gives more regulatory authority of crypto to the business-friendly Commodity Futures Trading Commission (CFTC) rather than the SEC. It passed the House with bipartisan support, which is awful because the CFTC is notoriously lax. We have them to thank for past crises like speculative oil shocks, the Enron scandal and, what’s the other one…Oh yeah, the Global Financial Crisis. If you want to build a system with an enormous bubble filled with wild speculation untethered from reality that puts the entire financial system at risk, give it to the CFTC. This one is pending in the Senate and will likely pass but it shouldn’t.

The third one is the most dangerous. It’s called the Anti-CBDC Surveillance State Act. Even Democrats in the House were like, oh hell no. Only two House democrats—Jared Golden of Maine and Marie Perez of Washington—voted for it and what’s interesting is that neither one of them appears to be in the pockets of crypto PACs.

At any rate, this third bill prohibits the Federal Reserve from issuing a retail central bank currency. In other words, our Fed cannot have its own stablecoin for the global market to use. Now, the Fed has a digital currency and digital ledger system that moves money to and from American banks. But this bill would foreclose on the option for the United States to develop a currency such as the e-CNY in China that is in wide circulation and adopted by banks, corporations, merchants and consumers alike.

So if our own Federal Reserve cannot participate in the issuance, circulation and growth of a U.S. minted stablecoin, then who is allowed to?

Eric Fucking Trump. For now, until his father eventually leaves the Oval Office.

In Order Now:

1. The GENIUS Act puts oversight of stablecoins with the U.S. Treasury, controlled for the next three years by Donald Trump.

2. The CLARITY Act gives regulatory authority to the CFTC, which is far more friendly to speculative behavior than the highly regulated SEC.

3. The Anti-CBDC Act gives private companies the complete authority to build and mature the stablecoin market.

Right now stablecoins are the 17th largest buyer of U.S. treasury bonds in the world. Which means the U.S. Treasury has to pay interest on these purchases to these companies.

So let’s put it all together in plain English. Assuming the second and third bills pass the Senate, here’s what we’re looking at.

• Trump is in charge of the country and owns a stablecoin company.
• He is in charge of the authority that determines which stablecoins can be used to purchase U.S. treasuries.
• He appoints the chair of the body that oversees stablecoin regulations.
• By the time Trump is supposed to leave office, the Kansas City Fed projects that 10% to 15% of all outstanding U.S. short-term debt will be held by stablecoin issuers. That’s around $2 trillion dollars, though some estimates project that it could be much higher.

Back of the napkin math time.

Right now the market cap for stablecoins is around $230 billion. By the time Trump leaves office it’s projected to be $2 trillion.

Right now Trump’s holdings are valued around $4.5 billion. All things being equal it would be $45 billion by the time he leaves office. And that’s assuming nothing changes with respect to market positions.

Right now Tether has the hottest hand with Circle as a distant second. And Trump’s World Liberty Financial is a rounding error at a very distant third.

But let me ask you this. Are you betting against the guy in charge of the governing bodies in control of which company gets access to the biggest marketplace on the planet? And here’s the kicker, even though the funding for USD1 and World Liberty Financial comes from undisclosed sources, Chinese billionaires and other nefarious characters, the tech itself might be good. If Trump clears a path for USD1 to become the dominant player in the stablecoin market—or even just a comparable third alternative with Circle and Tether—it could become one of the largest buyers of U.S. treasuries.Making money on almost every dollar printed would be pretty amazing in and of itself.

But let’s say you have zero scruples. The way to really make money would be if the U.S. needed more and more money every day, and it would be even better if the interest payment on that money was higher and higher. For that you would need to run up massive deficits and have an economy so unstable that it drove yields up due to risk. As this unscrupulous person in charge of everything, your top incentives would be to run up massive deficits and make people lose faith in the U.S. economy.

And that’s how Trump is going to loot the Treasury and, in fact, has already begun to do so.

Image Sources

• The White House, Public domain, via Wikimedia Commons. Changes were made.
• Sealy j, CC BY-SA 4.0, via Wikimedia Commons. Changes were made.