🇺🇸 The US Debt, Stablecoins, and the Crypto Cloud: A Global Financial Plot?
I. The Russian Advisor’s Shocking Claim
At the recent Eastern Economic Forum in Russia, Anton Kobiakov, Senior Advisor to President Vladimir Putin, made a statement that garnered significant attention regarding the US debt.
Kobiakov stated that the United States is preparing to use crypto and stablecoins to secretly devalue its massive $37 trillion debt.
He claimed that the US is trying to change the rules of the gold and crypto markets, aiming to push the world into a “crypto cloud.” Once established, the US would move its debt into assets like stablecoins and then devalue it, essentially wiping the slate clean.
II. Michael Saylor’s Radical Proposal
This concept echoes a previous, albeit more radical, proposal by MicroStrategy CEO Michael Saylor.
Saylor had advised President Trump to:
- “Dump all the U.S. gold and buy Bitcoin.”
- This action would crush the gold market, hurting rivals like China and Russia.
- The trade would be “free,” as buying 5 million Bitcoin would cost the same as the gold reserve.
- This would send Bitcoin’s value up to $100 trillion, allowing the US to control the world’s reserve capital and currency networks.
III. The Mechanism of Debt Devaluation
The core question is: How can the US devalue the US debt?
Devaluing debt does not mean defaulting; it means lowering the real value of that debt, a strategy the US has used historically through inflation or currency manipulation.
The basic trick is simple:
- The government borrows money (e.g., $100).
- It uses its “superpower” (controlling the world reserve currency) to create another $100 out of thin air, doubling the money supply.
- This causes inflation (more dollars chasing the same goods), meaning the purchasing power of every dollar is halved.
- The debt is paid back with dollars that buy half as much. The debt has been devalued.
This process is fundamentally why assets like real estate, stocks, and Bitcoin appear to go up forever—they are merely holding their purchasing power while the dollar goes down due to continuous money creation. The natural state of the economy is deflationary, but governments use inflation to offset debt.
IV. How Stablecoins Widen the Superpower
If the US can already use inflation to devalue the US debt, why use stablecoins? The answer is distribution and control.
- Global Exportation of Inflation: Stablecoins park reserves in short-term US Treasuries. When the US inflates the dollar, the resulting loss is shared by everyone globally who holds these tokens. Inflation becomes a shared tax on all stablecoin holders.
- Neutrality and Control: Stablecoins are often issued by private companies (like Tether or Circle).1 This allows the US to exert CBDC-level control and spread dollar liability without the political baggage associated with the Federal Reserve.
- The Trust Problem: The world, particularly countries like Russia and China (who are accumulating gold), distrusts this system. They cannot audit the one-to-one backing of stablecoins with US Treasuries with 100% certainty. The world remembers when the US broke its promise by ending the gold standard in 1971, raising fears of a repeat “rug pull” with stablecoins.
V. The Bitcoin Backdoor and the Saylor Scenario
While the US government has publicly avoided buying Bitcoin to prevent global panic, an indirect strategy is more likely:
- The Private Proxy: Instead of the government risking a direct purchase and crashing the gold market, it can allow corporations, like MicroStrategy (Bitcoin), to do the heavy lifting first.
- The Precedent: If Bitcoin proves to be a strategic asset, the US government could acquire a partial stake in these corporations (like MicroStrategy), similar to past government stakes in companies like Intel.
This approach is more subtle, gradual, and deniable, aligning with how the US has traditionally absorbed important private innovation nationally. The ultimate goal remains the same: to address the enormous US debt problem. The Russian advisor is correct that the devaluation scenario is highly probable.
