There appear to be Treasury-Issued-Notes (TIN) already bypassing FedRes Issued Debt Notes and NOT paying interest to FedRes (which was typical). These may be what stable coin companies are buying. I believe they have been standing up a parallel Treasury-Issued-Note collateralizable asset since 27MAR2020 with Tether (and possibly others). Tether is now $185B marketcap, but needs to be in trillions to truly be effective as alternative, imo.
It is very hard to tease out since TINs appear to be nearly identical to typical notes issued in conjunction with Federal Reserve. There have been subtle changes in Treasury behavior (with some public statements) that indicate they have been "refinancing debt" without FR involvement. This option was probably setup during Trump 1.0, ignored by Biden admin, then used exclusively in Trump 2.0 in conjunction with tariff revenue.
TLDR: Best source is https://home.treasury.gov/ ; go read and study what they are doing to develop your puzzle picture with the pieces on display.
I think they need to have Credit Unions in place or Banks that are in agreement with the Asset Backed new money. I am so excited to see this happen once everything is in place. I think you are right about the stable coin companies and Tether.
We might see Postal Service used like in Japan as branches of a savings and loan type of national bank (not foreign owned), but I dislike USPS so much their brand may be tarnished beyond recovery. The Savings & Loans pushed by Reagan in 1980s were supposed to be offramp from Big Banks and FedRes, but fatally sabotaged intentionally by Bush Sr. & CIA.
I hope not USPS they are beyond redemption. I think I read somewhere that there would be State owned Credit Unions, I'll have to go back and try to find where I read that.
There appear to be Treasury-Issued-Notes (TIN) already bypassing FedRes Issued Debt Notes and NOT paying interest to FedRes (which was typical). These may be what stable coin companies are buying. I believe they have been standing up a parallel Treasury-Issued-Note collateralizable asset since 27MAR2020 with Tether (and possibly others). Tether is now $185B marketcap, but needs to be in trillions to truly be effective as alternative, imo.
This sounds awesome. Can I ask where you got the information about the TINs?
It is very hard to tease out since TINs appear to be nearly identical to typical notes issued in conjunction with Federal Reserve. There have been subtle changes in Treasury behavior (with some public statements) that indicate they have been "refinancing debt" without FR involvement. This option was probably setup during Trump 1.0, ignored by Biden admin, then used exclusively in Trump 2.0 in conjunction with tariff revenue.
TLDR: Best source is https://home.treasury.gov/ ; go read and study what they are doing to develop your puzzle picture with the pieces on display.
Thank you for the information!!
I think they need to have Credit Unions in place or Banks that are in agreement with the Asset Backed new money. I am so excited to see this happen once everything is in place. I think you are right about the stable coin companies and Tether.
We might see Postal Service used like in Japan as branches of a savings and loan type of national bank (not foreign owned), but I dislike USPS so much their brand may be tarnished beyond recovery. The Savings & Loans pushed by Reagan in 1980s were supposed to be offramp from Big Banks and FedRes, but fatally sabotaged intentionally by Bush Sr. & CIA.
I hope not USPS they are beyond redemption. I think I read somewhere that there would be State owned Credit Unions, I'll have to go back and try to find where I read that.