James Corbett on stablecoin psyop and CBDC surveillance
James Corbett says the stablecoin landscape is a psyop because legislation like the Genius Act and SEC rules are forcing companies such as Tether to comply. He points out Tether has seized Iranian stablecoins, preventing Iranians from participating in the space while claiming they are a good company you can trust. This mirrors what Augustin Carstens, head of the Bank for International Settlements or BIS, discussed in a 2020 or 2021 live stream with the IMF regarding central bank digital currency. Carstens noted that physical cash hides where liabilities go but a CBDC allows authorities to see every transaction and where it's going in real time so they can stop ones they don't like. Corbett asserts this concept of seeing every transaction and stopping unwanted ones via central bank digital currency is now reappearing through stablecoins.
Transcrição (en)
I think that ultimately where we are at this point, I think it's the stablecoin PSYOP is being implemented because, of course, with the Genius Act and all the legislation and regulation that's coming in to make sure that Tether and all of these companies are going to comply with the SEC. Tether is just bragging about how much Iranian stablecoin they have seized. They're not going to let the Iranians play in this space, guys. We're a good company, so you can trust us and our stablecoin. I think that's where it's going, because, yes, a few years ago, everyone was talking about CBDC, central bank digital currency, and the very real threat of a central bank digital currency and the ability it would give people like the incredibly rotund, obese Augustin Carstens, head of the BIS, the Bank for International Settlements. if people saw that video of him on that live stream with the IMF back in, I want to say 2020, 21, where he was talking about central bank digital currency. And he's, oh, you could see the spittle on his lips as he's licking his chops, thinking about, oh, right now, we don't know where these expressions of central bank liability are. These $100 bills, they could be anywhere doing whatever, and we don't get to see them. But with a central bank digital currency, we can see every transaction and where it's going in real time. And we can stop ones we don't like. Right. If you're stacking sats, follow us because we're talking about Bitcoin all the time here. Not just when the price goes up.
