Your thoughts on this? Is a real problem or schizo rambling?. . https://bitcoinmagazine.com/markets/debt-from-above-the-carbon-credit-coup. . >The idea of green finance, in which private firms utilize data and physical elements from the real world t

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Anonymous 2024-04-04 (Thu) 14:34:29 No.1812863

Your thoughts on this? Is a real problem or schizo rambling?

https://bitcoinmagazine.com/markets/debt-from-above-the-carbon-credit-coup

>The idea of green finance, in which private firms utilize data and physical elements from the real world to create novel economic instruments such as bonds based on carbon emissions, necessitates government-upheld agreements and eventual court-based litigation as the ability to find consensus, thus acting as the enabling environment, for the settlement of large values of securities between the public and private sector. Regulation and contractual agreements between governments and their commercial sector partners require not just the literal letter of the law, but vetted insurance brokers, data firms, legislative bureaucrats, and various other accredited lawyers to dictate the grounds in which business can be legally conducted. The private-public partnership has become continually blurred by the relaxing of regulation restricting how corporations can influence current and aspiring politicians via campaign fundraising. In turn, this group of purchased public sector employees must repay the corporations responsible for their successful attempts at gaining office, leading to the push for further dissolution of certain laws that prevented their donors from gaining footholds within a once-regulated market. No longer is the public sector primarily beholden to their constituents, but rather their corporate donors.

>This ongoing dynamic has led to a runaway feedback of legal corruption and conspiracy between these ostensibly delineated sectors. The net result of the public-private partnerships that upholds the CC35, Green+ and Satellogic collaborations is due to the calculated focus on regional governments, thus finding their enabling environment through pacts and treaties at the subnational level.

>Once larger regulatory “fish are fried,” the fight for further interoperability of digital assets (such as dollar instruments) moves down to the regional governments of the Global South. For example, the regulation allowing US banks to custody digital assets and stablecoins was put forth by former OneWest official and Coinbase VP Brian Brooks while he served as comptroller of the currency under Mnuchin in the Trump administration. Once world governments, local and national, are forced onboard the universal ledger, the enabling environment will trend towards the ledger itself – a product of the private sector – and further out of the hands of the public sector.

>This capturing of the commons by the private sector via a revolving door of public-then-private operators has been done before, such as during the Plaza Accord, the creation of Brady Bonds, the dissolution of Glass-Steagall, the demolition of Enron, the 2008 financial crisis, and the COVID-19 fiscal response. The intended future of blockchain – now that US regulators have embraced Bitcoin as an asset and universal ledger – is to serve as the new enabling environment, complete with its very own digital dollar instruments, most likely backed by US government debt.

>There are very few people in the world more responsible for the digitization of the dollar than Steve Mnuchin and Howie Lutnick – the former's VC firm now consists of several members from his stint at the Treasury, while the latter's firm Cantor Fitzgerald holds the securities for Tether, the world's largest dollar-denominated stablecoin that recently crossed $100 billion issued – and here they are partnering with the richest man in Argentina and the founder of the largest online marketplace (as well as crypto marketplace) in Latin America, Marcos Galperin.

>The network of firms associated with Galperin's MercadoLibre – Xapo, Paxos, Circle, Visa, among others – is rife with board members and venture capital from the “PayPal Mafia,” as well as the Argentine advisor group Endeavor. These powerful organizations, successors to groups like ADELA that spurred the creation of the Club of Rome and chose the winners of Latin America’s corporate landscape, have made it clear that they foresee this fundamental market transition. They have quietly positioned themselves to dominate the main pillars of the new financial system in Latin America and the world at large: regulated banking services, global marketplaces, payment processing, digital asset infrastructure, and capital creation monopolies. As we will see, this financial system is not about “inclusion” or “sustainability” as professed, but about using and deepening Latin America’s debt burden to force policy changes while enforcing foreign control over the region’s economic activity and governance, all under the watchful “eyes” of US intelligence-linked satellites.