Bessent and Lutnick are Building a Parallel Financial System on Stablecoins without Government Oversight While Crashing the U.S. Dollar Intentionally
Leah of the Leah Files has just published her 4th article in her “Currency Killer” series about Treasury Secretary Scott Bessent’s attempts to take over the U.S. financial system by crashing the U.S. dollar and replacing it with stablecoins, and specifically with Commerce Secretary Howard Lutnick’s Tether stablecoin, the largest stablecoin in the world which is now rapidly buying up U.S. Treasuries.
In this 4th article in the series, Leah covers the GENIUS Act, which has already been signed into law, but has a comment period before it is enacted that will close on October 19.
As Leah writes, this is not simply “corruption as usual” in Washington D.C., where conflicts of interest rule the day.
No, this is entirely different – it is the complete hijacking of the U.S. financial system and putting it into the hands of a very few powerful people, and one very powerful company: Tether.
As Leah writes: “That is not a stablecoin company. That is a parallel financial system, every function of a central bank plus every function of an intelligence service, in one private entity, owned by four men who control 86 percent of the equity, incorporated in the British Virgin Islands, physically located in El Salvador, and paying zero corporate tax on $13 billion in annual revenue.”
In 2024 during the Presidential campaign season in the U.S., I exposed many of the Silicon Valley billionaires who follow the teachings of Curtis Yarvin, and believe that democracy is a poor form of government, and would instead prefer a monarchy.
Peter Thiel heads this list, along with his protege and disciple, J.D. Vance, who is now the Vice President of the United States.
Of course “democracy” and the illusion that people can vote politicians into office to affect change is considered a “Constitutional Right”, and this belief is drilled into every American through our educational system.
So overthrowing the government and installing a king is just not something that would go over too well in the U.S.
However, hijacking the American financial system by crashing the U.S. dollar, replacing it with stablecoins, and putting it into the hands of a few powerful people in the private sector would accomplish almost the exact same thing, and Leah exposes it all in her series and in this latest article, which is must reading for everyone.
