Did Passage Of The Genius Act Allow Stablecoins To Replace The Dollar

[lostnfound]

9. Shock Doctrine pattern: weaken currency lets vulture capital / foreigners buy up assets for "pennies on the dollar"

Chinese, Saudi, Russian and yes even ‘American’ oligarchs may benefit — if they can see ahead and have the resources (and ‘dry powder’) to take advantage of it.

Austerity plans get imposed, government-owned assets get sold off to private parties for small pennies. As city, state and federal governments get desperate, they are forced into devil’s bargains to stay afloat. Subsidies end, social insurance may end, municipalities that are declared bankrupt get taken over and are burdened with onerous debt.

I think the US was protected from shock doctrine tactics because the billionaires live here too and because the US had strength as reserve currency. Neither of those things are limiting factors anymore.