this post was submitted on 11 Sep 2024
21 points (88.9% liked)

World News

39019 readers
2176 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News [email protected]

Politics [email protected]

World Politics [email protected]


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 1 year ago
MODERATORS
 

Archived: https://archive.today/UnNtK

A giant unregulated currency is undermining America’s fight against arms dealers, sanctions busters and scammers. Almost as much money flowed through its network last year as through Visa cards. And it has recently minted more profit than BlackRock, with a tiny fraction of the workforce.

Its name: Tether. The cryptocurrency has grown into an important cog in the global financial system, with as much as $190 billion changing hands daily.

top 7 comments
sorted by: hot top controversial new old
[–] [email protected] 12 points 2 months ago

Wait until they hear about the USD fuelling the financial underworld.

[–] [email protected] 10 points 2 months ago

(It’s an article about Tether)

[–] [email protected] -2 points 2 months ago (1 children)

Wherever the U.S. government has restricted access to the dollar financial system—Iran, Venezuela, Russia—tether thrives as a sort of incognito dollar used to move money across borders.

Russian oligarchs and weapons dealers shuttle tether abroad to buy property and pay suppliers for sanctioned goods. Venezuela’s sanctioned state oil firm takes payment in tether for cargoes. Drug cartels, fraud rings and terrorist groups such as Hamas use it to launder income.

Whenever the US starts pointing fingers you know damn well they are doing exactly the same thing.

[–] [email protected] 4 points 2 months ago (1 children)

Why would the U.S. do that when they can just use real dollars? The whole point is this is countries that don't have access to the dollar. You even quoted that part.

[–] [email protected] 1 points 2 months ago (1 children)

Illegal and/or anonymous funding of destabilisation efforts in places they don't like.

[–] [email protected] 2 points 2 months ago

Again, they can just do that with real dollars. Real dollars have value in those countries. It's just hard to get them inside. Once they're inside, they have value. Especially if you can get them out again.

You're trying way too hard with this conspiracy theory of yours. If the U.S. wants to do that sort of thing, and they have done it plenty of times, they just use real dollars.