The Bitcoin Layer The Financial War Has Begun: Bitcoin, Stablecoins & the End of Eurodollars
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May 24, 2025 Kane McGukin, a traditional wealth manager and Bitcoin expert, dives into the shifting landscape of global finance. He discusses the collapse of the Eurodollar system and the rise of stablecoins, likening them to Eurodollar 2.0. McGukin explains how Bitcoin is emerging as a crucial reserve asset in this new world, while treasuries and gold are being repositioned for strategic advantage. The conversation reveals how the financial plumbing is being weaponized and how liquidity is being reshaped, marking a significant change in the rules of global money.
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Kane's Eurodollar Origin Story
- Kane McGukin explored bank balance sheets post-2007 crisis and discovered interconnected CDS trades between big players.
- This insight helped him understand how Eurodollars and LIBOR scandals were central to financial market instability.
Financial Warfare via Markets
- Financial markets show signs of economic warfare as nations jockey for dominance using liquidity and financial plumbing.
- Asset volatility and treasury rate fluctuations reflect geopolitical conflicts repackaged as economic battles.
Yield Curve Control Over Assets
- Policymakers try to control the 10-year treasury yield to manage liquidity and stabilize markets.
- This strategy extends to controlling not just fixed income but equities and digital assets to maintain economic balance.
