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R. P. Scott
@i47i@hachyderm.io  ·  activity timestamp last week

11/

The Pattern: (Privatised gains, socialised losses = austerity)

Here's what this looks like:

Step 1: Create Dependencies
#Tether becomes critical to Argentina's economy
Tether invests heavily in Argentine companies
Argentine economy dependent on crypto functioning

Step 2: Create Crisis
Milei's LIBRA scandal undermines confidence
Argentine peso under pressure
Tether needs to raise money (why?)

Step 3: Create Solution
US announces $20B bailout using obscure fund
Bypasses normal safeguards (IMF, Fed)
Tether announces $20B fundraising same day
Secrecy prevents scrutiny

Step 4: Profit
Bailout stabilizes Argentina
Benefits Tether's investments
Benefits Lutnick (manages Tether's money)
Benefits crypto industry (prevents collapse)
Taxpayers take the risk

Classic privatize gains, socialize losses.

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