Comments by Brian Shilhavy
Health Impact News

Leah of the Leah Files has just published her 4th article ^[1] 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.

Here is my coverage of her first three articles in this explosive investigative series that I have yet to see anyone else cover in either the corporate or alternative media:

Part 1 & 2: Treasury Secretary Scott Bessent Just Restructured The American Financial System to Destroy the U.S. Dollar ^[2]

Part 3: The Epstein Digital Financial System is Getting Ready to Replace the U.S. Dollar ^[3]

In this 4th article ^[1] 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.

^[4]

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. See:

Big Tech “Far-Right” Billionaires want to Eliminate Politicians and “Democracy” as They Believe They can Run the World Better by Themselves ^[4]

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.

The Currency Killer Part IV: The Machine

They built it in eighteen months and it has been turned on. We have three weeks to make a change.

by Leah
The Leah Files ^[1]

Excerpts:

Scott Bessent, the man running the US Treasury stood in front of a room in Dallas on September 10 and said five words that should have ended his career: “I am the house now.”

He was not joking. He tripled the government’s bond buyback program the same week. The next day, the DOJ publicly thanked Tether for helping freeze $52 million in criminal funds. Two weeks before that, his Treasury Department deleted the only federal database tracking who owns shell companies in America, and then published the rules that will govern stablecoins forever.

All of that happened in thirty-one days.

In Part I, I showed you how Bessent spent forty years breaking currencies and then took the keys to ours. In Part II, I showed you how Lutnick’s family built the custody operation with a Tether loan. In Part III, I traced Tether to Epstein’s crypto network and documented the empire they are building with the profits.

This is Part IV. This is what it looks like when all of it runs at the same time, and there is a clock on it. The GENIUS Act comment period closes October 19. That is three weeks from now. After that, the rules governing stablecoins in America get finalized by the man who profits from their growth, and the company those rules will govern just hired the man who wrote the law to be its CEO.

“I AM THE HOUSE NOW”

On September 10, Scott Bessent stood in front of a room in Dallas and said five words that should have been on every front page in America, “I am the house now.”

He was responding to critics who called his Treasury interventions reckless, after bond traders pushed back against his buyback program and drove yields higher instead of lower. His response was not to adjust, it was to triple down.

The Treasury announced it would buy back up to $6 billion in bonds in a single week, triple the normal operation. Bessent has doubled the buyback program twice since taking office, from $2 billion per operation to $4 billion, and now effectively to $6 billion per week, an escalation that no previous Treasury Secretary has attempted because no previous Treasury Secretary was a career currency trader who spent four decades learning how to move bond markets by force.

Here is what “I am the house now” means when you translate it from hedge fund speak. It means he is not managing the bond market, he is running it, setting the prices, deciding which bonds get bought, at what maturity, and at what yield.

The people on the other side of every one of those trades are the stablecoin issuers whose reserves the GENIUS Act requires to be held in Treasury bills maturing within 93 days.

When George Soros said something similar before breaking the Bank of England, he was a private citizen betting against a government.

Bessent was the man next to him when he said it.

Now Bessent is the government, and the bond market he is running determines what your mortgage costs, what the dollar is worth, and how much the country pays to borrow money.

That has never happened before, and he said it out loud.

Fortune reported that bond yields are higher now than before Bessent intervened, which means the plan is not working the way a normal Treasury Secretary would want it to work. But it is working exactly the way a currency attacker would want it to work, because higher long-term yields and lower short-term yields is the exact trade that benefits stablecoin issuers who hold short-term T-bills.

Bessent knows this because he spent forty years doing this.

THE NUMBERS

Here is what Bessent is actually doing with the bond market, because the numbers tell a story the headlines are not.

The GENIUS Act requires every stablecoin to be backed by Treasury bills maturing within 93 days. Not bonds, not notes. Short-term bills specifically. That means every new dollar of stablecoin growth creates a dollar of mandatory demand for one very specific type of government debt.

Now look at what Bessent did with supply.

Before he took over, the government was adding about $31.7 billion in T-bills per month. Under Bessent, the average rose to $45.7 billion. Then in June 2026, it exploded: T-bills outstanding jumped from $6.691 trillion to $7.248 trillion in two months. That is $557 billion in sixty days, 8.8 times the pre-Bessent pace. He is flooding the market with exactly the securities that stablecoin issuers are required by law to buy.

And there is only one buyer large enough to absorb that at scale. Tether held $98.5 billion in T-bills at the end of Q1 2025. By June 2026 it was $141 billion. They are already the 17th largest holder of US government debt on earth, bigger than Germany, and their CEO has said publicly they want to be top five.

Here is what that means for your wallet.

An academic study found that Tether’s buying lowers short-term yields by 24 basis points, which saves the US government roughly $15 billion a year in borrowing costs. The government is paying less on its debt because Tether is buying it. Standard Chartered projects stablecoin issuers will need $1 trillion in T-bill reserves by 2028. Bessent himself says $2 trillion.

Read that again.

The US government is becoming financially dependent on a private company incorporated in the British Virgin Islands to finance its own borrowing. And the man running the Treasury is the one making it happen.

That is the feedback loop nobody is naming.

Bessent issues the T-bills. The law requires Tether to buy them. Tether’s buying lowers yields and saves the government money. The government becomes dependent on Tether’s demand. Tether becomes too important to regulate. And Tether takes the yield from those T-bills and converts it into something else entirely.

Bessent has gutted every agency that would be watching any of this. FinCEN, the agency whose entire job is tracking dirty money, took an 11 percent staff cut with 30 more positions proposed for elimination, and the beneficial ownership database was ordered deleted.

The Public Integrity Section, the DOJ unit that prosecutes corrupt officials, went from 36 lawyers to 2 and from 190 open cases to about 20. Seventeen inspectors general were fired in a single night. The FBI’s public corruption squad was dissolved. Foreign Corrupt Practices Act enforcement was paused by executive order.

THE LOOP

Here is how it works when you put all the pieces together, six steps where each one feeds the next.

Step one: Bessent floods the market with short-term Treasury bills, tripling the buyback program to $6 billion per week and shifting debt issuance toward shorter maturities in what analysts call the “Treasury Twist.”

Step two: the GENIUS Act requires every stablecoin to be backed by reserves held in T-bills maturing within 93 days, which means every new dollar of stablecoin growth creates a dollar of mandatory demand for the exact securities Bessent is issuing.

Step three: Tether buys those T-bills, currently holding $141 billion in US Treasuries, making it the 17th largest holder of US government debt on earth and bigger than Germany, earning roughly $13 billion a year in yield.

Step four: Tether uses that yield to build the empire, deploying more than $5 billion since late 2023 into farmland, fertilizer, AI data centers, satellite companies, robotics, media platforms, gold, and bitcoin.

Step five: the empire generates revenue, with Adecoagro alone producing $467 million in annual EBITDA, the farmland growing crops, the bitcoin mines running on sugarcane electricity, the gold lending operation earning interest, and StableFund deploying private credit, with every subsidiary producing cash that flows back to Tether.

Step six: Tether issues more stablecoins, which require more T-bill reserves, which creates more demand for Bessent’s bonds, which keeps yields low, which lets the government borrow cheaply, which means Bessent can issue more T-bills.

That is the loop, and once it reaches scale no future president can dismantle it without crashing the bond market. At $1 trillion in stablecoins, the US government depends on Tether to finance its operations.

At $2 trillion, Bessent’s own projection for 2028, stablecoin issuers hold a quarter of all T-bills outstanding. At $4 trillion, the whole thing is permanent, because the interest rates on your mortgage, your car loan, and your credit card would all spike overnight if anyone tried to unwind it.

We are at $302 billion right now and the clock is running….

Read the Full Article at The Leah Files ^[1] – this is just a portion of everything she reports on that I have republished here.

Comment on this article at HealthImpactNews.com. ^[5]

This article was written by Human Superior Intelligence (HSI) ^[6]

^[7]

^[8]

See Also:

Understand the Times We are Currently Living Through

Second Edition of eBook Released: The Concept of the American Christian Family is a Myth and is NOT Found Anywhere in the Bible – by Brian Shilhavy ^[9]

^[9]

FREE eBook! Restoring the Foundation of New Testament Faith in Jesus Christ – by Brian Shilhavy ^[10]

^[10]

The Brotherhood of Satan vs. The Brotherhood of Jesus Christ ^[11]

^[11]

KABBALAH: The Anti-Christ Religion of Satan that Controls the World Today ^[12]

^[12]

Exposing the Christian Zionism Cult ^[13]

^[13]

The Bewitching of America with the Evil Eye and the Mark of the Beast ^[14]

^[14]

Jesus Christ’s Opposition to the Jewish State: Lessons for Today ^[15]

^[15]

Identifying the Luciferian Globalists Implementing the New World Order – Who are the “Jews”? ^[16]

^[16]

The Brain Myth: Your Intellect and Thoughts Originate in Your Heart, Not Your Brain ^[17]

^[17]

What is the Condition of Your Heart? The Superiority of the Human Heart over the Human Brain ^[18]

^[18]