Tether is used as an intermediate in crypto transactions. You buy some Tether, use them in the transaction, and then sell them back. The money you buy them with is invested in US treasuries (about 75%), gold, GROY, cash etc., so they are fully backed by the USD in various forms. It used to be exclusively cash and UST. The genius is that you take money at no cost, and invest it in UST with a United States of America Government Guarantee of repayment, WITH INTEREST!!! The interest funds the eye-watering dividends to the half a dozen owners. $190bn of customer funded investments produces a lot of interest income, or, if you buy gold before the recent rise, capital appreciation. GROY? Just taking a position in a gold royalty company. First time I’ve seen on this forum someone concerned that the share price is rising because a company is buying their shares ….. gold company management can’t do anything right. Memo to gold companies: Never, Ever, let anyone buy a 15% share in your company. Gold bugs won’t appreciate it.
ferrett
Tether is just another form, digital created form without a government backing but private and could appear and disappear attached to equal dollar per tether and alternative place to park your money perhaps to slowly get people used to digital. It might be alright now to hold in the US because you can still redeem in dollars but apparently have been delisted in Europe apparently due to its business lack of transparency.
Yes tax funded and as in Europe as well. I can understand transparency but as far as government, taxation and what they do with our money look who’s calling for transparency. This scrutiny may continue with tether in other countries too including ours. . I personally don’t like the idea of make believe money buying up treasuries.
PM’s drifting lower in the overnights
No idea why. Oil is down $2, don’t know why that either. Rates are down near 4 bips. Dollar is up slightly, as is Bitcoin.
And of course, the SM futures are up nicely.
There’s supposed chaos everywhere, and yet markets act as though everything is fine.
If there wasn’t really all these wars and oil and diesel issues, would we even know it? I wouldn’t, I just know what they report from day to day.
I think we’ve entered the twilight zone.
goldie, well, maybe.
The US taxpayer is paying lots of money to Japan, China, Belgium, Hong Kong, Canada, India, Saudi etc. etc. Tether is the 19th largest holder of US treasuries, they are no different to any other holder. Well, except that they are a privately held company.
ferrett
Money coming in from US Gov should be changed to US taxpayer.
overton, that happens on all stocks.
Even my piddly Brazilian rare earths company. Tether don’t have to do anything to make money. The owners just sit there, and it rolls in courtesy of the US Govt. I can’t see them contemplating manipulating such a tiny part of their $190bn portfolio.
meanwhile Newscums war on fuel companies had not turned into a crisis.
Diesel supply issues not only brought prices up but they’re running out at gas stations.
I wonder when people are going to realize that most food supply trucks run on diesel. If I told people maybe stock up on supplies just incase it could get around fast and might cause a panic. They keep bringing up peace talks but we see where that goes.
ferrett…….Tether has the algos
to screw with any PM stock they want to. For months now there have been many single digit shares sells on this GROY.
and it could be Tether. I don’t think I ever sold one share of anything
ipso 17:22
It seems to me they are weaponizing lawfare in Europe against the people because theyre law abiding and based on a civilized society run by civilized people. But this is no longer the case nor the original laws or fair. It’s governments infiltrated and gone rogue while enabling more rogue and criminal players like Zelenski. Their duty to the former system is over, it’s no longer there. It’s been taken over by demented and rogue criminals that they no longer need to ” obey ” unless at their own detriment and take their country’s back They basically have nothing to lose at this point. . The more they let them get away with, the worse theyll get. But if all they care about is their welfare system then they might as well plan their countries and their own funeral.
overton, trouble is, decades old PM holders aren’t that smart.
Otherwise they would have started a Tether themselves. Which would have meant that they would have participated in the dividends Tether pays to its shareholders, which totalled $10.855bn in the year to December 2025.
As the share capital is probably only $100, that’s a pretty damn good return on investment.
Ipso
Agree. I also have no doubt Zelenskyy will attempt a false flag, or someone will. It’s hard for me to imagine Russia fighting a conventional war with Europe. It would seem that like us, they are getting tired and tapped. I don’t know what Europe is thinking. Maybe they think they can survive a limited strike nuclear war. I don’t know.
Deer79 that Tether ownership of GROY got fatter, 14.37%
I sent GROY management a note that many decades old PM traders are getting scared of this Tether and not interested in stable coin. I told them to pay a dividend . I’ll see if they answer.
Zelensky
Somebody needs to do a “Maduro” on that coke head and put him in a rubber room.
(with a big bag of his favorite white powder …sayonara.)
I hope we are tired of being manipulated
Martin A. Armstrong
@ArmstrongEcon
·
5h
Zelensky is on the ropes. I cannot describe how dangerous Zelensky is.
Sources are saying that he will create the FALSE FLAG out of desperation.
Buygold
“The military-technical developments there aim to greatly mitigate Russia’s nuclear second-strike capabilities via the Golden Dome in parallel with posing an unprecedented fifth-generation aerial threat…”
Thank God for submarines!
Did you see where the US has admitted to putting weapons in space? Somehow I was thinking space was off limits …
Buygold
What a clusterfuc*! … and us serfs will get trampled. The next generations will catch some real shit thanks to the breakdown of the paper money system.
Paranoia?
Dr. Simon
@goddek
·
Sep 19
In Europe, all signs point toward war with Russia. Many people still don’t want to acknowledge it, but that’s exactly where this is heading.
And then they’ll replace the killed Europeans with more immigrants from sub-Saharan Africa: straight out of the Kalergi Plan playbook.
This is really not good folks
The west just keeps pushing the bear further into the corner. Zelensky is a serious POS and is becoming dangerous to the world, while the EU globalists who are on their way out, keep egging him on and supporting him with weapons. Add what we’re doing in the Arctic and it’s just that much more threatening if you’re Russia. Throw in another sanction package by our genius Senate, because why not? I actually think Putin has been very restrained, but you have to wonder for how long.
Ukraine Pounds Major Moscow Refinery As Global Diesel Crisis Threatens Economic Shock
“These are billions of dollars that sustain the war machine. The systems used included FP-1, RZ-100…”
The Arctic Front Of The “Cordon Sanitaire” Is The Most Threatening To Russia
The military-technical developments there aim to greatly mitigate Russia’s nuclear second-strike capabilities via the Golden Dome in parallel with posing an unprecedented fifth-generation aerial threat…
We haven’t yet seen the terms Iran is proposing or the response from the US?
*Walter Bloomberg
@DeItaone
·
Sep 19
IRAN’S TOP SECURITY OFFICIAL SAYS QATAR HAS CONVEYED TEHRAN’S CONDITIONS TO WASHINGTON TO END WAR, AWAITING TRUMP RESPONSE – AL JAZEERA INTERVIEW
Definitely not a 9 to 5 job.
- Middle East Tensions: The president’s return coincided with urgent security alerts and travel warnings issued by the U.S. State Department for Americans in the Middle East, driven by escalating hostilities and ballistic missile threats involving Iran-backed Houthis targeting Riyadh.
- Administration Next Steps: Reports indicate the administration is closely weighing its next steps regarding ongoing conflicts and preparing for high-level discussions at the upcoming U.N. General Assembly in New York.
- Airspace Incident: The shift in plans also followed a separate Saturday morning incident where a NORAD F-16 fighter jet intercepted an aircraft violating restricted airspace near the Camp David area, though officials have not formally linked it to his departure time.
Open AI could kill humans in as little as a few yrs.
ipso
Zelenski the temper tantrum give me or else free loader got booted out of our home by Trump and sent back to his hell hole home he turned it into on his jet propelled broomstick and shouldn’t be allowed back in the country let alone given a dime. He has no business campaigning or trying to influence any election here or anywhere else, and with who’s money?
Ggn
As of next month is increasing it dividend.
Btw if these other companies doing so good why aren’t they increasing their dividends?