$ETH #During this period, the United States staged three major dramas, exposing the deep-seated contradictions hidden within American society. Why do I say this? Mainly because the dollar has not been able to easily harvest global wealth like before, and the domestic contradictions can no longer be suppressed.
First, let's talk about the upcoming 'Stablecoin National Act', which stipulates that the issuance of stablecoins must be backed by cash or short-term U.S. Treasury bonds of equivalent value. At first glance, this seems quite reasonable, but in reality, it ties the failing credit of U.S. Treasury bonds to the emerging cryptocurrency, aiming to find a new 'buyer' for the massive Treasury bond market.
Why is Trump so actively promoting this bill? On one hand, he wants to prolong the life of U.S. Treasury bonds, and on the other hand, he is calculating to make money and counterbalance the Federal Reserve. Trump has long been involved in cryptocurrency; as soon as he took office at the beginning of the year, he issued 'Presidential Coins' and 'Family Coins', making a profit in the virtual market, although this money was not very stable.
If stablecoins are legalized, his own 'Presidential Coins' will attract more funds, and since stablecoins are anchored to dollar assets, the issuance power will be in the hands of private giants, which secretly transfers the 'coinage power' controlled by the Federal Reserve to the capital groups supporting Trump. With one hand issuing coins and the other collecting money, their family's capital can take advantage of this opportunity to expand and gain leverage in the financial power struggle.
Another benefit is that stablecoins can bypass the SWIFT settlement system controlled by the Federal Reserve and Wall Street's 'old money', using blockchain technology to achieve peer-to-peer transactions and eliminate intermediaries. Now that the Federal Reserve is not obedient and unwilling to cut interest rates and reduce its balance sheet, Trump has his own 'coinage power' weapon, which is very significant. If stablecoins truly become mainstream in the future, the power of the Federal Reserve's monetary policy will be greatly weakened, allowing the capital tycoons behind Trump to make easy profits.
Next, let's talk about the new bill that is being touted as 'big and beautiful'. On the surface, this bill promotes economic growth through tax cuts, but upon closer inspection, it's essentially a 'robbing the poor to pay the rich' scheme. Over the next ten years, U.S. national debt will surge by $3.3 trillion because of this bill, at the cost of 11.8 million Americans losing government healthcare. Those low-income families receiving food stamps and energy subsidies will lose an average of $1,600 a year in 'lifesaving money'; meanwhile, nearly $1 trillion saved from tax cuts will go to the wealthiest 1% of the population.
This bill is clearly designed to serve the capital tycoons behind Trump and does not consider the common people at all, which is a huge blow to Musk. The bill cuts all subsidies supporting new energy companies like Tesla, and his previous efforts to push for government reform have all gone to waste, becoming a joke. The 'election spoils' between capital and politicians have completely shattered Musk's fantasy of changing America with technology.
What is most surprising is that Musk, in a fit of anger, announced the formation of the 'American Party'. Musk is not only a tech giant but also one of Trump's major financial backers in last year's election. The emergence of the 'American Party' means that the new Silicon Valley tech elites and the old-fashioned politicians in Washington have completely fallen out. Musk has a blueprint for an 'ideal government' in his mind, wanting to use AI algorithms to govern the country, allowing tech elites to take the lead and replacing human labor with robots, but this is completely out of tune with the deeply rooted interest exchange rules in America.
After hitting a wall with this reform and betting on Trump's failure, Musk should realize that the alternating control of the two parties cannot effectively concentrate the country's efforts on doing the right thing. America's obsession with debt makes it impossible to pave the way for a new technological revolution. Therefore, the 'American Party' is not a joke; it is a counterattack by the tech giants who control future productivity, seizing the dominant power of national development.
These three 'dramas' are not coincidental; they clearly demonstrate that when the dollar's hegemony faces setbacks globally and cannot shift the crisis abroad, wealth within American society is rapidly transferring, and the contradictions between political power and tech elites are escalating. Traditional financial forces and emerging 'coinage powers' are clashing fiercely, and the deep-seated structural contradictions in America can no longer be hidden.#川普真的狗 #川普割全世界韭菜
