An adviser to Russian President Vladimir Putin said the US is strategically using crypto and gold to devalue its debt to “urgently address the declining trust in the dollar.”
“The US is now trying to rewrite the rules of the gold and cryptocurrency markets. Remember the size of their debt — $35 trillion. These two sectors (crypto and gold) are essentially alternatives to the traditional global currency system,” Anton Kobyakov said at a press briefing on Monday at the Eastern Economic Forum in Vladivostok, Russia, as reported by RussiaDirect.
“As in the 1930s and the 1970s, the US plans to solve its financial problems at the world’s expense — this time by pushing everyone into the ‘crypto cloud,’” Kobyakov said.
This would involve Washington moving its debt into US dollar stablecoins to devalue it, allowing the US to “start from scratch,” Kobyakov said, without explaining how stablecoins would actually…
