The IMF and World Bank meet in troubled times | Metals Mine

  • The IMF and World Bank meet in troubled times

    From counterfire.org

    Complete with an array of central bankers and finance ministers from various countries, the annual meetings of the IMF and World Bank will unfold this week in Washington. They will issue sober but diplomatically worded advice to the titans of global capitalism on the travails of their system. However, even as these two institutions, which date back to the Bretton Woods Conference of 1944, try to come to terms with global uncertainties, they face a crisis of legitimacy and relevance of their own, which may well prove to be incurable. It fell to Pierre-Olivier Gourinchas, in his capacity as Economic Counsellor and the ... (full story)

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Trader#8B15
Oct 17, 2025 2:45am
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The Fed has completely given up on inflation mandate. They'll cut rates on every meeting moving forward, because something has definitely gone wrong. The economy is obviously cratering, yields are cratering, risk is rising, purchasing power of the currency is cratering. Banks are losing money, repo is completely drained.

Fed announced the end of QT, but this is just going to make everything worse. The Fed is simply saying: we cannot allow the bubble to burst and for that to not happen, USD will have to be sacrificed.

In the background, some leaders suggest US will use crypto to wipe out its 37T$ of debt.

Anyway... this is what I found.

"In early 2025, the phrase “Trump erase US debt with crypto” began trending across global finance media and social networks. The claim suggested that former President Donald Trump had a secret strategy to wipe out America’s massive $35 trillion debt using cryptocurrency.

At first, most analysts dismissed it as political theater. But once reporters confirmed real executive orders — including Trump’s Strategic Bitcoin Reserve and the GENIUS Act regulating stablecoins — the rumor gained credibility. Could these digital-asset policies be early steps toward something bigger?

This analysis separates fact from fiction, explains how a crypto-based debt reset could theoretically work, and examines what might happen to global markets, the BRICS bloc, and Malaysia if Washington ever moves from testing to execution.

How Could a Crypto Debt Reset Work?

A theoretical plan to Trump erase US debt with crypto would involve several radical steps:

1. Convert U.S. Treasuries into blockchain-based “crypto bonds.”

2. Control the supply of the digital asset to quietly devalue existing debt.

3. Frame the change as innovation — a modernization of finance rather than a default.

4. Back it partially with the Strategic Bitcoin Reserve or other tokenized assets.

Essentially, the U.S. could inflate its way out of debt using programmable money."

What we know is that the USD is that the trust in USD is literally collapsing. Gold has become the ultimate safe haven and perhaps the only. Obviously Silver as well, but not like Gold.

As Fed has given up on the USD, they must have something planned. What it is we can only guess, but where's smoke, there's fire.
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