US Debt to Crypto? Kremlin Thinks It’s a Financial Magic Show! 🎩💸

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Is it just me, or does it feel like the US is cooking up a little debt escape plan? And who better to drop this bombshell than Putin’s adviser-courtesy of, oh I don’t know, a Kremlin conspiratorial neighborhood gossip circle?

  • According to Anton Kobyakov, the U.S. is on the verge of “driving” its $35 trillion debt straight into the crypto universe, using those fancy stablecoins to make obligations disappear like magic! 💨
  • He likened this financial sleight of hand to the 1930s gold exit and the 1971 Bretton Woods debacle-basically, when the US decided to rewrite monetary rules like they were kids playing with crayons. 🖍️
  • Oh, and don’t forget about the GENIUS Act (and yes, it sounds as genius as it is), which basically cements stablecoins into the law, making them besties with US debt.
  • Critics (like, well, everyone with a pulse) smirk that this “crypto cloud” could make debt risks rain down on global users, making everyone wonder-should we trust the dollar or is it just a dollar store knock-off? 🏷️

Table of Contents

Kobyakov’s debt reset accusation

So, at the Eastern Economic Forum-where the only thing thicker than the air is the tension-Kobyakov decided to drop some truth bombs about the good ol’ US of A and its colossal $35 trillion national debt. 🤯 Who needs reality TV when you have this drama?

NEW: 🇷🇺 Russian President Vladimir Putin advisor says the U.S. is using crypto and stablecoins to wipe out its $35 trillion in debt 👀

– Bitcoin Magazine (@BitcoinMagazine) September 8, 2025

Apparently, Washington’s new strategy involves moonlighting as crypto magicians to transfer its liabilities into a “cloud” of delightful digital currencies. Can we snag a front-row seat for this show? 🎤✨

And according to Mr. Kobyakov, this whole scheme could pave the way for a rapid financial reset-like a really bad game of musical chairs.

He even dared to romanticize gold and digital currencies as the new darlings of financial instruments. I mean, who wouldn’t want to cuddle up to a little gold or a shiny new crypto? 💞

To “support” his claim, he threw in some juicy historical anecdotes, from ditching the gold standard to leaving Bretton Woods in the dust, like a messy breakup everyone is still talking about.

The kicker? He thinks we could be seeing this grand transition within a mere 3 to 5 years-perfect timing for a post-pandemic glow-up!

How the U.S. used rule changes to manage its debt

Before we all start hyperventilating, let’s take a trip down Memory Lane. Historically, the U.S. has had a knack for pulling rabbits out of hats when faced with debt-without ever formally screaming, “We’re broke!” 🎩🐇

Remember the Great Depression? The Roosevelt administration swooped in faster than a superhero to break the dollar’s golden chain. The laws were passed faster than gossip spreads at a tea party-seizing gold and revaluing it from $20.67 to $35 like a pro.

That move alone birthed about $2.8 billion in “paper profits,” which went on to fund all sorts of shenanigans, including minimizing Congressional oversight like it was yesterday’s news. 📜

Fast forward to the ’70s, and bingo! Nixon ditched gold convertibility like it was a bad date. Now, the dollar was free to roam and soar, guided only by market forces. How poetic. 🕊️

GENIUS Act formalizes the crypto-debt connection

Fast forward to July, when President Trump, amid confetti and cameras, blessed us with the GENIUS Act-a federal Hall Pass for stablecoins! Talk about a modern twist on getting away with financial murder, right? 🎉

The law is all about making stablecoins legit, requiring them to be as backed by cash as a latte is by overpriced coffee beans-basically, very tightly secured.

But there’s a catch! These stablecoins don’t actually shrink the federal liabilities; they just ensure that the debt toilet keeps flowing smoothly. Aren’t we all so lucky? 💩🚽

The “crypto cloud” doesn’t erase debt

So the real question bubbling up from the foray into this “crypto cloud” is not whether the U.S. can wash away $35 trillion in liabilities, but whether it can do so without dismantling global trust in the dollar. Because that’s really what we all need right now, isn’t it? More trust issues. 🙄

Despite all the twists and turns of history, the dollar remains the star of the show-dominant and ever-magnificent, like a diva on stage. 🎤

But central banks have been diversifying their portfolios like fashionistas-allocating funds into euros, gold, and even the Chinese yuan. It’s the new ‘bigger is better’ approach.

And as the stablecoin saga unfolds, it seems the U.S. is inviting everyone to a financial party where the rules keep changing. Happy hour anyone? 🍸

In the end, the “crypto cloud” won’t hide the debt; it’s just going to share the burdens across an ever-expanding crowd, many of whom might be sipping on their cocktails happily unaware that they’ve got a little chain of debt attached to their fancy stable tokens! 🥂

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2025-09-09 18:24