Does this not absolutely terrify anyone else?

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tether controversy
The Tether controversy

Let’s talk about crypto!

Tether is the fourth-biggest cryptocurrency in the world by market value. And it’s got some economists — including an official at the U.S. Federal Reserve — worried.

Meanwhile, some investors believe a loss of confidence in tether could be crypto’s “black swan,” an unpredictable event that would severely impact the market.

Tether is what’s known as a stablecoin. These are digital currencies that are tied to real-world assets — the U.S. dollar, for example — to maintain a stable value, unlike most cryptocurrencies which are known to be volatile.

Tether has over $68bn under their management and has only 13 listed employees on LinkedIn.

That’s a record! The previous record holder was Bernie Madoff’s ponzi scheme with $50bn under management and 25 employees.

Isn’t this concerning given Tethers refusal to be audited?

There is just over $68bn Tether in existence, meaning Tether theoretically has $62bn under their control.

That is over $5bn in assets per employee of Tether.

If that seems comically low it’s because it is. It’s a world record for total amount of money managed per employee.

The only similarly small number of employees for such a large amount of money under management was Bernie Madoff’s ponzi scheme, which had $50bn under management with just 25 employees.

What benefit is there to having such a low number of employees?

Lower costs yes but with the money they control and need to invest surely it would make sense for them to have more than just 13 employees doing this?

Or is it because it’s easier for them to conceal fraud when there’s only a handful of people being exposed to it and most of them have a large interest in keeping the fraud going.

Tether has just under $30bn in commercial paper which makes it one of the largest US commercial paper market investors in the entire world, alongside the likes of Vanguard (17,600 employees) and BlackRock (16,500 employees).

THIRTEEN EMPLOYEES EVALUATING THE CREDITWORTHINESS OF NEARLY 30BN IN COMMERCIAL PAPER LOANS AND WITHOUT THE OVERSIGHT OF AUDITING.

Remember: Tether has never been properly audited, refuses to be audited and has been caught lying through their teeth multiple times
Recently, they have also been blocking everyone on social media who demands for transparency and audits of their coin.

So why is Tether so controversial?

The issues surrounding tether hold significant implications for the nascent cryptocurrency world. And economists increasingly fear that it could also impact markets beyond digital currencies.

Some investors and economists are worried tether’s issuer doesn’t have enough dollar reserves to justify its dollar peg.

In May, Tether broke down the reserves for its stablecoin. The firm revealed that only a fraction of its holdings — 2.9%, to be exact — were in cash, while the vast majority was in commercial paper, a form of unsecured, short-term debt.

That would place Tether in the top 10 biggest holders of commercial paper in the world, according to JPMorgan. Tether has been compared to traditional money-market funds — but without any regulation.

With more than $60 billion worth of tokens in circulation, Tether has more deposits than that of many U.S. banks.

There have long been concerns about whether tether is being used to manipulate bitcoin prices, with one study claiming the token was used to prop up bitcoin during key price declines in its monster 2017 rally.

Does this not absolutely terrify anyone else?

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19 Comments

  3. Shame of Biden gave Afghanistan to Taliban terrorist and now they have killed a high official of Afghanistan and cut his head off. These are real threat to the world. We must nuke Afghanistan and Iran now.No deal with terrorist Mullahs either. Yes to Donald J Trump and we love you from all people of world.
    No to New world order and vaccinations is made in 2 days has no effectiveness. Alex Jones video visit it now. ER News of Infowars
    https://www.brighteon.com/3070b3f8-ac25-4334-9542-2b4bbdfa9221

  4. Martial Law is coming to USA, Earthquakes to West Coast is coming sooner than you thinks. The Tanks movement toward the West Coast is sign of times or an invasion from China. Red Dawn 2 is coming to USA.
    Do not put Ventilators to the COVID patients why a patient of COVID19 must have 10 plus CT scan done in Hospital during a three months of stay. COVID does not kill patients , THE CT SCANS does indeed.
    Watch PBS Italia COVID 19 see how patients have been CT scaned 10 plus times during three months.
    I beg you all vote for Donald J Trump for 2024 if not sooner… Joe is lost it.

    • The only way we ever vote again is if they remove those machines. Marxists have corrupted the election process. If you don’t believe me watch what happens in California between Larry Elder and the satanic pervert candidate. Money says Larry wins, but cheating will foul the game. Same as what happened to Trump.
      It always has been rigged, but now it’s completely corrupted.
      Mass Rebellion and Revolt will save America.

  6. https://humansarefree.com/2021/09/technocrats-will-reduce-every-human-to-a-qr-code.html

    It’s very simple, cancel out the satanic elites. They are but a few. With a Mass Revolt, our numbers can do a reverse Cloward-Piven, and thereby overwhelm them.

    You don’t need technology. Do not spend money with the enemies of humanity. Think outside the box.

    This schwabswine, looks like an evil villain in a Sean Connery, Bond movie, doesn’t he? That’s exactly what he is, in fact.

  8. You know what to do with traitors, use what your name is against them. Just do it already, get sent to the loony bin. No one will miss you.

  9. Crypto is asinine. Doesn’t terrify me. Tangible assets like ammo, metals, supplies are what will be worth value when the collapse of the dollar occurs. People will barter amongst themselves.

    Our corruptocrats simply print money at will, which is also asinine. They are all traitors and con artists. They should be tried under Military justice, and hanged at dawn. That is exactly what are forefathers would have done by now!

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