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Jonathan Schofield
Jonathan Schofield boosted
⚯ Michel de Cryptadamus ⚯
@cryptadamist@universeodon.com  ·  activity timestamp 2 weeks ago

Ω🪬Ω
➤ Making Argentina Great Again

it is incredibly suspicious to me that the US Treasury fund #Bessent wants to use to bail out #Argentina and Javier #Milei is almost exactly the same size as the amount of money #Tether is suddenly trying to raise via a “private placement”.

Tether is one of the most profitable companies in the history of the world, at least according to their own unaudited / unverified numbers. There should be no reason for them to need to raise capital and no desire on their part to sell off part of their cash cow.

Puting aside for a moment the absurdity of the idea that the central bank of international criminal finance considers itself to be in the same league as companies like Google, Nvidia, and Tesla, I can think of 3 possible explanations:

1. Tether is (somehow) out of cash. This is lent some credence by the fact that they are failing to pay their electricity bill in #Uruguay and had their power turned off a few weeks ago.

2. Tether wants to get some shares into the hands of corrupt government officials (other than Howard “Nutlick” #Lutnick, who already has some) for protection.

3. Now that the #Fed has pivoted and cut rates Tether’s income is about to start dropping (and the more the fed cuts, the more it will drop) so they are just cashing out the founders at the top. This is the most charitable interpretation.

it’s also worth mentioning that:

1. Tether’s #USDT token is very popular with #Argentinians trying to avoid that country’s hyperinflation. While technically illegal because of capital controls, it’s still a “crime” I have some sympathy for. But it does mean there’s an important connection between Tether and Argentina.

2. Tether is a major shareholder in south american agriculture business #Adecoagro which does a lot of work in Argentina.

more on Tether: https://cryptadamus.substack.com/p/trumps-transition-team-is-tethered

#uspol #MAGA #uspolitics #ScottBessent #treasury #finance #economics #bailout #IMF #WEF #WorldBank #howardLutnick #stablecoins

Trump's Transition Team Is Tethered To Thievery (And Worse)

Howard Lutnick manages a huge pile of money for Tether, a sketchy offshore company whose name appears frequently in criminal indictments. He also just became co-chair of the Trump transition team.
He said options for a support package “may include, but are not limited to, swap lines, direct currency purchases and purchases of US dollar-denominated government debt from Treasury’s Exchange Stabilisation Fund”. The fund, which was set up in 1934, is controlled by the US Treasury secretary, who has “considerable discretion” in the use of its assets — including about to intervene in exchange rates.
He said options for a support package “may include, but are not limited to, swap lines, direct currency purchases and purchases of US dollar-denominated government debt from Treasury’s Exchange Stabilisation Fund”. The fund, which was set up in 1934, is controlled by the US Treasury secretary, who has “considerable discretion” in the use of its assets — including about to intervene in exchange rates.
He said options for a support package “may include, but are not limited to, swap lines, direct currency purchases and purchases of US dollar-denominated government debt from Treasury’s Exchange Stabilisation Fund”. The fund, which was set up in 1934, is controlled by the US Treasury secretary, who has “considerable discretion” in the use of its assets — including about to intervene in exchange rates.
Tether Looking To Raise Up to $20 billion, bringing its valuation to $500 billion
Tether Looking To Raise Up to $20 billion, bringing its valuation to $500 billion
Tether Looking To Raise Up to $20 billion, bringing its valuation to $500 billion
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⚯ Michel de Cryptadamus ⚯
@cryptadamist@universeodon.com  ·  activity timestamp 2 weeks ago

Ω🪬Ω
➤ Making Argentina Great Again

it is incredibly suspicious to me that the US Treasury fund #Bessent wants to use to bail out #Argentina and Javier #Milei is almost exactly the same size as the amount of money #Tether is suddenly trying to raise via a “private placement”.

Tether is one of the most profitable companies in the history of the world, at least according to their own unaudited / unverified numbers. There should be no reason for them to need to raise capital and no desire on their part to sell off part of their cash cow.

Puting aside for a moment the absurdity of the idea that the central bank of international criminal finance considers itself to be in the same league as companies like Google, Nvidia, and Tesla, I can think of 3 possible explanations:

1. Tether is (somehow) out of cash. This is lent some credence by the fact that they are failing to pay their electricity bill in #Uruguay and had their power turned off a few weeks ago.

2. Tether wants to get some shares into the hands of corrupt government officials (other than Howard “Nutlick” #Lutnick, who already has some) for protection.

3. Now that the #Fed has pivoted and cut rates Tether’s income is about to start dropping (and the more the fed cuts, the more it will drop) so they are just cashing out the founders at the top. This is the most charitable interpretation.

it’s also worth mentioning that:

1. Tether’s #USDT token is very popular with #Argentinians trying to avoid that country’s hyperinflation. While technically illegal because of capital controls, it’s still a “crime” I have some sympathy for. But it does mean there’s an important connection between Tether and Argentina.

2. Tether is a major shareholder in south american agriculture business #Adecoagro which does a lot of work in Argentina.

more on Tether: https://cryptadamus.substack.com/p/trumps-transition-team-is-tethered

#uspol #MAGA #uspolitics #ScottBessent #treasury #finance #economics #bailout #IMF #WEF #WorldBank #howardLutnick #stablecoins

Trump's Transition Team Is Tethered To Thievery (And Worse)

Howard Lutnick manages a huge pile of money for Tether, a sketchy offshore company whose name appears frequently in criminal indictments. He also just became co-chair of the Trump transition team.
He said options for a support package “may include, but are not limited to, swap lines, direct currency purchases and purchases of US dollar-denominated government debt from Treasury’s Exchange Stabilisation Fund”. The fund, which was set up in 1934, is controlled by the US Treasury secretary, who has “considerable discretion” in the use of its assets — including about to intervene in exchange rates.
He said options for a support package “may include, but are not limited to, swap lines, direct currency purchases and purchases of US dollar-denominated government debt from Treasury’s Exchange Stabilisation Fund”. The fund, which was set up in 1934, is controlled by the US Treasury secretary, who has “considerable discretion” in the use of its assets — including about to intervene in exchange rates.
He said options for a support package “may include, but are not limited to, swap lines, direct currency purchases and purchases of US dollar-denominated government debt from Treasury’s Exchange Stabilisation Fund”. The fund, which was set up in 1934, is controlled by the US Treasury secretary, who has “considerable discretion” in the use of its assets — including about to intervene in exchange rates.
Tether Looking To Raise Up to $20 billion, bringing its valuation to $500 billion
Tether Looking To Raise Up to $20 billion, bringing its valuation to $500 billion
Tether Looking To Raise Up to $20 billion, bringing its valuation to $500 billion
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The Japan Times
@thejapantimes@mastodon.social  ·  activity timestamp 3 weeks ago

U.S. and Chinese officials say they've reached an agreement on TikTok, to be confirmed during a call between Donald Trump and Xi Jinping on Friday. https://www.japantimes.co.jp/business/2025/09/16/tech/us-china-tiktok-trump-xi/?utm_medium=Social&utm_source=mastodon #business #tech #tiktok #bytedance #china #us #donaldtrump #trade #tariffs #republicans #scottbessent #jamiesongreer #helifeng #xijinping

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The Japan Times
@thejapantimes@mastodon.social  ·  activity timestamp 3 weeks ago

U.S. and Chinese officials ended their first day of talks in Madrid, where they are set to discuss trade, TikTok and Russian oil. https://www.japantimes.co.jp/business/2025/09/15/us-china-spain-trade-tiktok/?utm_medium=Social&utm_source=mastodon #business #us #china #spain #tiktok #trade #tariffs #helifeng #scottbessent

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The Japan Times
@thejapantimes@mastodon.social  ·  activity timestamp 3 weeks ago

U.S. Treasury Secretary Scott Bessent and Japanese Finance Minister Katsunobu Kato reaffirmed in a joint statement their commitment to let markets determine currency exchange rates. https://www.japantimes.co.jp/business/2025/09/12/economy/us-japan-fx-manipulation/?utm_medium=Social&utm_source=mastodon #business #economy #scottbessent #katsunobukato #us #tariffs #japaneseeconomy #currencies #yen #boj #donaldtrump

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The Japan Times
@thejapantimes@mastodon.social  ·  activity timestamp 4 weeks ago

U.S. Treasury Secretary Scott Bessent called for renewed scrutiny of the Federal Reserve, including its power to set interest rates. https://www.japantimes.co.jp/business/2025/09/06/economy/us-treasury-bessent-changes-fed/?utm_medium=Social&utm_source=mastodon #business #economy #federalreserve #us #globaleconomy #tariffs #trade #scottbessent #donaldtrump

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The Japan Times
@thejapantimes@mastodon.social  ·  activity timestamp 2 months ago

Indian Prime Minister Narendra Modi has welcomed improved ties with China as U.S. Treasury Secretary Scott Bessent escalated criticism of the South Asian nation over 'excess profits' from purchases of Russian oil. https://www.japantimes.co.jp/news/2025/08/20/asia-pacific/politics/modi-china-bessent-india-families/?utm_medium=Social&utm_source=mastodon #asiapacific #politics #wangyi #china #narendramodi #india #us #scottbessent #brics #mukeshambani #russia #oil

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The Japan Times
@thejapantimes@mastodon.social  ·  activity timestamp 2 months ago

U.S. Commerce Secretary Howard Lutnick says Japan's $550 billion of investment funding in return for lower U.S. tariff rates will be directed by U.S. President Donald Trump to benefit the United States. https://www.japantimes.co.jp/business/2025/08/20/economy/lutnick-cnbc-billion/?utm_medium=Social&utm_source=mastodon #business #economy #ryoseiakazawa #tariffs #donaldtrump #trade #carmakers #us #japaneseeconomy #usjapanrelations #scottbessent #howardlutnick

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Nonilex
@Nonilex@masto.ai  ·  activity timestamp 2 months ago

The list provided phonetic pronouncers for all the Russian men expected at the summit, including "Mr. President POO-tihn."

Pages 6 & 7 in the packet described how lunch at the summit would be served, and for whom. A menu included in the documents indicated that the luncheon was to be held "in honor of his excellency Vladimir Putin."

#Trump#NationalSecurity #idiocracy #kakistocracy

Nonilex
@Nonilex@masto.ai replied  ·  activity timestamp 2 months ago

A seating chart shows that #Putin & #Trump were supposed to sit across from each other during the luncheon. Trump would be flanked by: Secy of State #MarcoRubio, Secy of #Defense#PeteHegseth & WH Chief of Staff #SusieWiles to his right, & Secy of #Treasury#ScottBessent, Secy of #Commerce#HowardLutnick & Special Envoy for Peace Missions #SteveWitkoff to his left. Putin would be seated next to his Minister of Foreign Affairs, Sergey #Lavrov, & his Aide for Foreign Policy, Yuri #Ushakov.

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The Japan Times
@thejapantimes@mastodon.social  ·  activity timestamp 2 months ago

Tokyo’s record-beating stock rally ends as U.S. Treasury Secretary Scott Bessent jawbones Japan on rates, saying the country has an inflation problem. https://www.japantimes.co.jp/business/2025/08/14/economy/bessent-rates-japan/?utm_medium=Social&utm_source=mastodon #business #economy #tariffs #japaneseeconomy #us #usjapanrelations #nikkei #stocks #tse #donaldtrump #trade #scottbessent

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The Japan Times
@thejapantimes@mastodon.social  ·  activity timestamp 2 months ago

The United States imposes a 15% 'reciprocal' tariff on most Japanese goods as the two sides disagree about the method of its calculation. https://www.japantimes.co.jp/business/2025/08/07/economy/reciprocal-tariff-effective/?utm_medium=Social&utm_source=mastodon #business #economy #ryoseiakazawa #tariffs #shigeruishiba #donaldtrump #trade #carmakers #us #japaneseeconomy #usjapanrelations #scottbessent

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The Japan Times
@thejapantimes@mastodon.social  ·  activity timestamp 2 months ago

U.S. President Donald Trump said the $550 billion of investment pledged by Japan is 'our money' and that he is free to deploy it as he wishes. https://www.japantimes.co.jp/business/2025/08/06/economy/trump-money-is-ours/?utm_medium=Social&utm_source=mastodon #business #economy #ryoseiakazawa #tariffs #shigeruishiba #donaldtrump #trade #carmakers #us #japaneseeconomy #usjapanrelations #scottbessent

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The Japan Times
@thejapantimes@mastodon.social  ·  activity timestamp 2 months ago

Akazawa returns to the U.S. for more talks as the tariff deal looks shaky due in part to differences in the interpretation of the agreement. https://www.japantimes.co.jp/business/2025/08/05/economy/akazawa-ninth-round/?utm_medium=Social&utm_source=mastodon #business #economy #ryoseiakazawa #tariffs #shigeruishiba #donaldtrump #trade #carmakers #us #japaneseeconomy #usjapanrelations #scottbessent

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The Japan Times
@thejapantimes@mastodon.social  ·  activity timestamp 2 months ago

U.S. sets Aug. 7 as the start date for Japan's 15% 'reciprocal' tariff, with the focus now on unfinished business as auto duties go unmentioned. https://www.japantimes.co.jp/business/2025/08/01/economy/reciprocal-15-percent/?utm_medium=Social&utm_source=mastodon #business #economy #trade #tariffs #carmakers #donaldtrump #us #japaneseeconomy #usjapanrelations #ryoseiakazawa #scottbessent #shigeruishiba

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The Japan Times
@thejapantimes@mastodon.social  ·  activity timestamp 2 months ago

U.S. Treasury Secretary Scott Bessent said that the U.S. and China will continue talks over maintaining a tariff truce before it expires in two weeks. https://www.japantimes.co.jp/news/2025/07/30/world/politics/us-china-tariff-truce-extension/?utm_medium=Social&utm_source=mastodon #worldnews #politics #scottbessent #jamiesongreer #china #us #donaldtrump #trade #tariffs #republicans #helifeng

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The Japan Times
@thejapantimes@mastodon.social  ·  activity timestamp 2 months ago

Big unanswered questions follow Japan's big, beautiful deal with the U.S, with the $550 billion investment plan in focus. https://www.japantimes.co.jp/business/2025/07/24/economy/big-japan-deal-details/?utm_medium=Social&utm_source=mastodon #business #economy #trade #tariffs #carmakers #donaldtrump #us #japaneseeconomy #usjapanrelations #ryoseiakazawa #scottbessent #howardlutnick

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The Japan Times
@thejapantimes@mastodon.social  ·  activity timestamp 2 months ago

Japan and US both claim win in surprise 11th-hour tariff deal, with the "reciprocal" rate set at 15% and the rate on autos 12.5% https://www.japantimes.co.jp/business/2025/07/23/economy/japan-us-win-win/?utm_medium=Social&utm_source=mastodon #business #economy #usjapan #trade #tariffs #carmakers #donaldtrump #us #japaneseeconomy #usjapanrelations #ryoseiakazawa #scottbessent

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The Japan Times
@thejapantimes@mastodon.social  ·  activity timestamp 3 months ago

Prime Minister Shigeru Ishiba and U.S. Treasury Secretary Scott Bessent indicated the two nations could reach a "good” trade deal while signaling the process may take more time. https://www.japantimes.co.jp/business/2025/07/19/economy/us-japan-trade-deal-bessent/?utm_medium=Social&utm_source=mastodon #business #economy #usjapanrelations #trade #tariffs #ryoseiakazawa #scottbessent #donaldtrump #us #japaneseeconomy

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The Japan Times
@thejapantimes@mastodon.social  ·  activity timestamp 3 months ago

Calls for Federal Reserve Chair Jerome Powell's resignation have prompted investors to protect portfolios against the risk of higher inflation, as a central bank more willing to lower rates could fuel price rises. https://www.japantimes.co.jp/business/2025/07/16/markets/investors-fed-chief-ouster/?utm_medium=Social&utm_source=mastodon #business #markets #jeromepowell #scottbessent #investors #federalreserve #us #donaldtrump #trade #tariffs #republicans

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The Japan Times
@thejapantimes@mastodon.social  ·  activity timestamp 3 months ago

Prime Minister Shigeru Ishiba is considering holding a meeting with U.S. Treasury Secretary Scott Bessent, who is set to visit the 2025 Osaka Expo this week, government sources have said. https://www.japantimes.co.jp/news/2025/07/15/japan/politics/ishiba-bessent-osaka/?utm_medium=Social&utm_source=mastodon #japan #politics #scottbessent #shigeruishiba #osaka #2025osakaexpo #us #trade #tariffs #usjapanrelations

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