Corruption in Tether and Digital Currency

I think that Scott Bessent is crashing our dollar on purpose.

I think that there are multiple people in the administration

that are going to get

rich off of this, and I think they're ushering us into a new

digital dollar

age that is owned by one company, and that company is Tether, and that is what

I wanna talk about today because it is one of the most corrupt companies I've

ever

looked into. Welcome to part one of my Tether

series because there's a lot. One of the darkest financial

stories I have told on this app all related to this guy.

If you haven't seen part one of my Currency Killer series where I talk about

Scott

Bessent and why he's doing this, please go check it out.

That article is on my Substack. That link is in my bio. It's free.

Or you can see the video here, whichever you prefer.

This article that I just wrote as well, you can read ahead over there.

This will probably be a few parts. All right, let's get into it.

So today I want to talk about Tether and its really corrupt

co-founder, Brock Pierce. Quickly, just to give a little bit of background

on what a stablecoin is, because Tether is a stablecoin company.

Basically, you give the company one US dollar,

and they in turn give you a

digital token. They take your dollar, and they invest it in US

treasuries, and they earn money off of the interest of

those US treasuries.

If at any point you're like, "Hey, I no longer want this token.

I want my dollar back," well, at that point, you trade it out,

and they give you

the dollar for whatever it's worth at that time.

They make their money off of the interest of the US treasuries.

Last year alone, they made over thirteen billion dollars.

Tether is so big that it now holds over one hundred

and forty-one billion dollars

worth more than most countries, and they now control over a hundred

and eighty-three billion dollars in digital currency.

That's more than most countries' GDP.

And this administration just wrote a law.

Actually, it was Lutnick and his minion, Bo Hines, who is now working as the

CEO of Twenty-First Century that Tether owns.

Well, they wrote the Genius Act, and that made Tether stablecoins

the backbone of the American financial infrastructure, and our

dumb Congress passed it. This in and of itself should concern you,

but it gets darker. This is Brock Pierce.

He is one of the co-founders of Tether.

Before Tether, he was vice president at a company called

Digital Entertainment

Network. That company was owned by this guy,

Mark Collins-Rector.

And in the early, early 2000s, Mark

Collins-Rector got in big trouble because he threw parties for

DEN in Hollywood, and he was accused of being- uh, over

half a dozen boys. Well, they were about to be in big trouble, so

Mark Collins-Rector, he fled to Spain, and Brock Pierce went with him.

And then in 2002, Interpol kicked open their door to their

villa in Marbella,

Spain, and they found weapons and child...

You know, just dudes doing dude things.

Mark Collins-Rector here got extradited back to the US to stand trial,

and Brock Pierce settled in a over two million dollar settlement

with a fifteen-year-old boy accusing him of.

Fast-forward to 2010, and he hires Al Shekel to help

rehabilitate his image after his first conviction.

This guy, who is a known scammer, was dating Ghislaine Maxwell's sister.

And he decides to throw a Bitcoin conference in 2011 at E's home, Little

Saint James Island, and that is where Al Shekel

introduces Brock Pierce to E. And he was actually found a

few years later dead at the bottom of a cliff in France.

Okay. Within three months of meeting E at

that conference, Brock Pierce

is at his Manhattan mansion, the one that shares a wall with Howard Lutnick,

and he becomes E's crypto advisor at that point.

He's also in the E files over eighteen hundred times.

Brock Pierce tells E that he's going over to Kiev and Odessa,

and E says, "Oh, take pictures and bring me a present," to

which Brock Pierce responds with over a dozen pictures of a woman named

Anastasia because that is the title of the email.

And then at the bottom he says, "Ukraine is now my favorite country."

Well, Brock

Pierce responds with over a dozen photos of a woman named Anastasia, at least that

is the subject line, so I'm assuming that's who it is.

Obviously, you can't download these pictures,

nor would I really want to see them.

And then at the bottom it says that Ukraine is now his favorite country.

Remember that. He has an obsession with Ukraine because

just last year, well,

he opened a business school there, but we're gonna get to

that in a different part.

But remember this. There are dozens of emails.

In this one, he's saying that he has a boat full of Ukraine's

finest,

inviting E on there. Their relationship

is disturbing personally, but the business

relationship that they formed over the eight years, well, I think that

that one is even scarier for what we're talking about today.

Because Brock Pierce is the one who under a subsidiary,

a shell company

within the Southern Trust Company, which is what E ran

all of his money through, well, Brock Pierce helped him invest three

million

dollars in Coinbase, and Coinbase is now worth fifty-one billion

dollars. He also invested five hundred thousand

dollars into Blockstream, which is

the financial infrastructure that backs Tether.

He also founded Tether in this timeframe, in 2014,

while he was still very connected with E.

He even sent him emails talking about Tether, showing him the

financial structure, showing him the backbone of it.

In my opinion, it looks like E helped him, just like he helped Ehud

Barak form Tether, which should scare the out of you.

Because Tether, well, it's incorporated in the BVIs, so

regulators here don't have any jurisdiction,

yet they want it to run the US dollar.

The CFTC has fined them forty-one million dollars

because you're supposed to have a dollar to back up every dollar, i.e., if you

wanna go get your money out and everyone wants to get it out at the

same time,

well, Tether's not gonna be able to do that.

In fact, they found that only twenty-six percent of the time

would they even be

able to fulfill some of that. I'm sorry, what?

The UN has found over seventeen billion dollars of money

flowing through Tether related to organized crime.

I'm talking human trafficking.

I'm talking North Korean missiles. I'm talking Hamas terrorist networks.

Anything that you can imagine, they have found.

There's a cave in Southeast Asia where people are lured there through

jobs, and they get there, and they're put ankle bracelets on,

and they can't leave,

electric fences, and they have to do online scams sixteen

hours a day,

um, or they're, they're dead, and that money runs through Tether.

They're just such a good company. Eight years is how

long their relationship lasted, and it only ended because he went to

prison.

And then in 2020, Brock Pierce runs for president saying

that

he regrets his relationship. Bro, no you don't.

In fact, Brock Pierce lives in Puerto Rico,

and he's not on the up and up.

I looked into his charities, his businesses, and they're

corrupt. This is getting long, and this is about Tether, so stay

tuned for part two where I talk about how they bought up all of Argentina's

fertilizer and their entire supply chain for farmland and

what I think they're doing with it. Stay tuned.