Something wild just dropped out of Russia that has everyone talking. At the recent Eastern Economic Forum, Anton Kobyakov, a senior adviser to Russian President Vladimir Putin, made a bold claim that the US is preparing to use crypto and stablecoins to secretly wipe out its massive $37 trillion national debt. The accusation? America is plotting to push the entire world into what he calls “the crypto cloud,” then devalue that debt, leaving everyone else holding the bag.
Here’s the kicker – this sounds crazy until you realize a version of this strategy has already been pitched by someone much closer to home.
Michael Saylor’s Blueprint for Bitcoin Domination
MicroStrategy Executive Chairman Michael Saylor has been openly advising the Trump administration on crypto policy and supports creating a strategic Bitcoin reserve. But his original plan was even more aggressive than what most people know.
MICHAEL SAYLOR ADVISED PRESIDENT TRUMP: “DUMP ALL THE US GOLD AND BUY BITCOIN. DUMP YOUR GOLD. SELL ALL THE US GOLD. BUY BITCOIN. THEN THE TRADE IS FREE BECAUSE YOU COULD BUY 5 MILLION BITCOIN FOR THE COST OF THE GOLD. YOU WILL DEMONETIZE THE ENTIRE GOLD ASSET CLASS AND OUR ENEMIES HOLD GOLD IN THEIR BANKS. SO THEIR ASSETS WOULD GO TO ZERO. OUR ASSETS WOULD GO TO HUNDRED TRILLION, AND WE WOULD CONTROL THE WORLD’S RESERVE CAPITAL NETWORK AS WELL AS THE WORLD’S RESERVE CURRENCY NETWORK.”
Think about that for a second. That’s not just a financial strategy – that’s economic warfare.
Who Is Anton Kobyakov and Why Should We Listen?
Anton Kobyakov has been a senior adviser to Vladimir Putin for over a decade and currently serves as President of the Roscongress Foundation. This isn’t some random commentator making wild claims. He helps shape Russia’s messaging at major international economic events, so when he talks about US debt strategy, people pay attention.
Kobyakov accused the US of leveraging stablecoins and gold to devalue its $37 trillion debt in order to “start from scratch”. His claim is that the US is trying to rewrite the rules of global finance by pushing everyone into digital assets they control, then inflating away the debt burden.
How Debt Devaluation Actually Works
Let me break this down with a simple example that makes it crystal clear. Imagine the entire world economy is worth just $100. I borrow all of it – every single dollar. Now I owe $100 and have to pay it back.
But here’s where it gets interesting. Since I control the world’s reserve currency, I don’t have to pay back with the same $100 I borrowed. I can just create another $100 out of thin air.
Now the world has $200 in circulation, but we didn’t make more stuff. What happens? Everything gets more expensive because we doubled the money supply but kept the supply of goods the same. That’s inflation.
When I pay you back your $100, it looks like I repaid you in full. But your $100 now only buys half as much stuff as before. I devalued the debt through inflation.
This isn’t some theoretical concept – it’s exactly how the US has been managing its debt for decades. After World War II, during the inflationary 1970s, and especially after the pandemic when we created tons of new money and watched everything go up in price.
The Stablecoin Superpower
When I analyzed this strategy, what emerged is that stablecoins take this debt devaluation trick global in a completely new way. It’s not literally exchanging $37 trillion for stablecoins – it’s using dollar-pegged stablecoins backed by US treasuries to spread the debt burden worldwide.
Here’s what makes stablecoins different from regular dollar inflation: when the US inflates the dollar through traditional means, Americans feel the pain immediately. Higher grocery bills, expensive housing, rising energy costs. People get upset, and politicians face pressure.
But stablecoins change that equation completely.
The Global Tax Nobody Voted For
Every time someone uses USDT or USDC anywhere in the world, they’re holding a digital IOU backed by US treasuries. That means they’re indirectly funding America’s debt without actually buying US treasuries directly.
When the US devalues its debt through inflation, that burden doesn’t just hit American citizens anymore – it gets exported worldwide through the stablecoin system. Inflation becomes a shared tax that stablecoin holders everywhere are forced to pay, because their digital dollars also lose purchasing power.
The evidence shows this is already happening on a smaller scale. What the data reveals is that stablecoins park reserves in short-term US treasuries, so demand for dollars and treasuries actually goes up as adoption grows, making the whole system self-reinforcing.
Why Stablecoins Are Stealth CBDCs
This is where it gets really clever. Stablecoins can look neutral because they’re created by private companies, not the government directly. They don’t carry the political baggage associated with the Federal Reserve or Treasury Department.
Under current regulations, only approved issuers like banks, trust companies, or specially approved non-bank firms can issue regulated dollar-backed stablecoins in the United States. So if Apple or Meta wanted to create their own currency like “Metacoin,” they’d just need regulatory approval.
And how do you get that approval? Show your loyalty and spend some money. Remember when Meta executives were questioned about their massive spending plans?
WHEN ASKED ABOUT SPENDING PLANS: “I MEAN I THINK IT’S PROBABLY GOING TO BE SOMETHING LIKE I DON’T KNOW AT LEAST $600 BILLION.”
It’s CBDC-level control without the CBDC brand name.
Why the World Is Running to Gold
The pattern suggests why countries have been buying gold at record levels recently. They’re essentially saying, “We don’t want your stablecoins. Give us gold.” Because gold was the agreed-upon standard for thousands of years.
The key insight here is that even though stablecoins are supposed to be backed one-to-one by real US assets like dollars or treasuries, there’s no way for foreign governments to audit that claim with 100% certainty. Companies like Tether and Circle release reports, but you have to trust the issuer and the auditor – and they’re mostly US-based entities.
When it comes to trillions of dollars, that’s a massive trust issue between countries.
The Nixon Precedent
What stands out in this analysis is the historical precedent. The government once promised that dollars would always be redeemable for gold. Then in 1971, Nixon just ended that convertibility overnight. From the world’s perspective, that was the ultimate rule change – a promise of redemption followed by “just kidding.”
There’s nothing technically stopping the US from doing the exact same thing with stablecoins. That’s why there’s so much global distrust about moving to this new digital system.
The MicroStrategy Back Door
While the government might not openly buy Bitcoin and risk global panic, there’s a backdoor approach that’s already happening. Think about MicroStrategy – this company has basically become a public Bitcoin proxy, holding hundreds of thousands of bitcoins.
What if instead of the US government buying Bitcoin directly, it’s easier to let a corporation do the heavy lifting first? That way it doesn’t look like a central bank operation. Later, if Bitcoin really becomes a strategic asset, the US government could take a partial stake in MicroStrategy the same way it took ownership stakes in companies like Intel.
This precedent already exists. Why would the US openly risk crashing the gold market with a trillion-dollar Bitcoin purchase? It’s smarter to let private companies experiment first, then adopt what’s working.
Innovation starts privately, and when it becomes too important to ignore, it gets absorbed nationally. This approach is more subtle, gradual, and deniable until it becomes official.
The Natural Economic Order
Here’s something most people don’t understand about the economy, and this insight comes from recognizing a fundamental truth: the natural state of the economy is deflationary.
What this means is if the money supply stayed constant – imagine there was only ever $100 in the entire world – prices would naturally decrease over time. As technology improves and we get better at making things, productivity goes up while the money supply stays the same. Things should get cheaper.
But that’s not how our world works, because governments can create more money. When they do, assets like gold, real estate, stocks, and Bitcoin hit all-time highs. The reality is those assets aren’t really going up in price – the dollar is going down because we’re making more of them.
When new money floods the system, all that extra liquidity has to find somewhere to go so it doesn’t become worthless. It gets parked in assets, which is why over the long run, they look like they go up forever. In reality, they’re just holding their purchasing power while the underlying currency gets weaker.
Will This Actually Happen?
The evidence points to this being not just possible, but maybe inevitable. The US is already experimenting with elements of this strategy, just not in the obvious ways we hear about publicly.
Michael Saylor has expressed willingness to advise the Trump administration on Bitcoin and digital assets, and would be open to taking a crypto advisory role. But his original public plan of selling all US gold for Bitcoin hasn’t materialized exactly as proposed.
Instead, what’s happening is more subtle. While the government isn’t openly buying Bitcoin, private companies like MicroStrategy are doing the heavy lifting. The government maintains plausible deniability while potentially positioning for future strategic moves.
The Russian adviser is probably correct in his assumption that this is what the US will most likely do at some point if it cares about solving its national debt problem. The question isn’t if some version of this will happen – it’s how and when.
The $37 trillion debt doesn’t just disappear on its own. And throughout history, when countries face unsustainable debt levels, they’ve consistently chosen inflation over default. Stablecoins and Bitcoin just provide new tools for the same ancient strategy.
Whether it happens through direct government action, private sector coordination, or some hybrid approach, the underlying economic pressures remain the same. The debt needs to be addressed, and devaluation through digital assets offers a path that exports the cost globally while maintaining domestic political stability.
The world is watching, which explains why we’re seeing record gold purchases and growing skepticism about dollar-denominated digital assets. Countries understand the game – they just don’t want to be the ones left holding the bag when the music stops.