Senior Putin advisor claims America plotting to use stablecoins and gold revaluation to erase massive debt burden at global expense
A senior Russian government advisor has made explosive allegations that the United States is orchestrating a coordinated financial reset designed to eliminate its $37 trillion debt crisis through cryptocurrency manipulation and gold revaluation, potentially devastating global markets and individual savings worldwide.
Anton Kobikov, a senior advisor to Russian President Vladimir Putin, delivered the bombshell accusations this week at the Eastern Economic Forum, claiming that America plans to transfer its massive debt burden into cryptocurrency stablecoins before deliberately devaluing them to wipe the slate clean.
The Alleged Scheme
According to Kobikov’s claims, the U.S. strategy involves a sophisticated two-part approach that would fundamentally reshape the global financial system:
Phase One involves moving the national debt into stablecoins – cryptocurrencies pegged one-to-one to the U.S. dollar and backed by Treasury securities. This would create artificial demand for American debt while providing a digital framework for mass adoption.
Phase Two would see the deliberate devaluation of these stablecoins, potentially cutting their value in half, forcing all holders to absorb massive losses while effectively reducing America’s debt burden without formally declaring default.
“Right now, they have a $35 trillion currency debt. They move it into crypto, into the cloud, devalue it, and start from scratch,” Kobikov stated during his forum presentation.
Legislative Foundation Already in Place
The allegations gain credibility from recent U.S. legislative actions. President Trump’s signing of the Genius Act earlier this year established the regulatory framework for stablecoins, legislation that was publicly promoted as keeping America competitive in the digital economy.
However, critics now suggest this framework could serve as the legal infrastructure needed to implement the alleged debt transfer scheme, creating what amounts to a “cloud-based treasury market disguised as a payment system.”
Historical Precedent Cited
Kobikov specifically referenced two historical instances where the U.S. allegedly solved financial crises at global expense:
- 1930s Gold Confiscation: When President Roosevelt revalued gold from $20.67 to $35 per ounce after confiscating citizens’ gold, effectively reducing the dollar’s purchasing power by 41%
- 1970s Dollar Default: America’s abandonment of the gold standard, which led to a 50% loss in purchasing power for Americans over the subsequent decade
“The U.S., just as it did in the 1930s and 1970s, will solve its financial problems at the expense of the entire world,” Kobikov declared.
Global Market Implications
Financial analysts warn that such a scheme, if implemented, would extend far beyond cryptocurrency markets. The devaluation would impact all dollar-denominated assets, including:
- Personal savings accounts
- Retirement portfolios
- Corporate treasury holdings
- International reserves held by foreign governments
The strategy could potentially force losses on anyone holding dollar-based assets, regardless of their involvement with cryptocurrency markets.
Central Bank Response Patterns
Recent market data supports concerns about declining confidence in U.S. Treasury securities. Central banks worldwide have been:
- Dumping Treasury holdings at accelerated rates
- Purchasing record amounts of gold
- Diversifying away from dollar-denominated reserves
These trends suggest growing international skepticism about America’s ability to service its debt through conventional means.
Gold Revaluation Component
The second prong of the alleged strategy involves a massive gold revaluation designed to restore confidence in the American financial system. Recent Federal Reserve research papers have examined how other nations have used gold revaluations to address debt crises, lending credence to speculation about U.S. intentions.
Industry experts suggest such a revaluation could drive gold prices to unprecedented levels, potentially reaching tens of thousands of dollars per ounce.
Geopolitical Ramifications
The public nature of these accusations signals a potential acceleration in the formation of alternative financial systems. BRICS nations may use these allegations to justify:
- Faster development of alternative payment systems
- Increased gold accumulation
- Reduced reliance on dollar-based trade
Official Response
U.S. Treasury and Federal Reserve officials have not yet responded to requests for comment on Kobikov’s allegations. The Biden administration has historically dismissed similar claims from Russian officials as disinformation campaigns.
Market Impact
Following the circulation of Kobikov’s statements, precious metals markets have shown increased volatility, with gold prices experiencing upward pressure as investors seek safe-haven assets. Cryptocurrency markets have displayed mixed reactions, with stablecoin trading volumes increasing amid speculation about their future role.
Expert Analysis
Financial industry observers remain divided on the feasibility of such a coordinated scheme. While some dismiss the allegations as geopolitical posturing, others point to the mathematical impossibility of servicing current debt levels through traditional means.
“Whether you believe the specific allegations or not, the underlying debt mathematics are undeniable,” noted one precious metals analyst who requested anonymity. “The U.S. faces unprecedented fiscal challenges that may require unconventional solutions.”
Looking Forward
The allegations come at a critical juncture as global financial systems face multiple stressors including inflation concerns, geopolitical tensions, and questions about the long-term sustainability of current monetary policies.
Regardless of their accuracy, Kobikov’s claims highlight growing international concerns about American fiscal policy and the stability of the dollar-based global financial system that has dominated international trade for decades.
As central banks continue their historic gold-buying spree and nations explore alternatives to dollar-denominated trade, the allegations may accelerate existing trends toward financial system diversification and the potential emergence of competing monetary frameworks.
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