Imagine carrying a suitcase so heavy that the simplest step forward feels impossible. That’s how the U.S. might feel with over $35 trillion in national debt a burden that stretches beyond numbers, into the realm of global finance and public trust.
At Russia’s Eastern Economic Forum in Vladivostok, Anton Kobyakov, a senior adviser to President Vladimir Putin, made headlines. He alleged that America is quietly reshaping the rules using cryptocurrencies and gold as tools to offload and devalue its monumental debt. In Kobyakov’s words, Washington wants to shift debt into a “crypto cloud,” devalue it, and essentially start from scratch.
Why Make Such a Big Statement?
The U.S. federal debt has gotten way bigger than anyone thought it could. Years of spending on stimulus, social programs, and growing deficits have made people nervous both in the U.S. and with other countries that lend us money. Kobyakov thinks that by using crypto and gold currencies that aren’t part of the usual financial system the U.S. could be creating a new beginning.
He drew historical parallels, citing past debt-era pivots: the 1930s depression-era run on gold and Nixon’s 1970s break from the gold standard. “This time,” he said, “they’ll move it into stablecoins and obscure the value.”
Two Sides to the Story
So, Kobyakov paints a pretty wild , but there’s another story coming out of the U.S. Back in July, they passed the GENIUS Act. It sets up rules for stablecoins, which should help the dollar stay on top in global finance. Treasury Secretary Scott Bessent thinks crypto, if done right, could actually make the dollar even stronger.
At the same time, Russia’s moving ahead with its own plan. They’re making a stablecoin (A7A5) backed by the ruble, using the Tron blockchain. It’s all about depending less on dollar stuff like Tether.
What does this all mean?
For most people, this whole crypto and gold thing shows that digital money is now a big deal. It’s not just some weird thing anymore; governments are paying attention. If the U.S. really tried a crypto reset, it would shake up markets, trust, and how countries work together.
But questions remain: Can stablecoins really serve as effective substitutes for debt instruments? Could turning to gold provide enough cover? And is this a genuine financial move—or political theatre?
A New Turn in Money Moves
Whether it’s true or not, Kobyakov’s claims show some changes happening in global finance. The U.S. might be getting into digital stuff and rules, but that doesn’t automatically mean they’re planning to wipe out debt. Still, this is something we need to talk about.
Basically, this claim shows a turning point where digital money, old-school cash methods, and how countries deal with each other all meet. Whether this is a real change or just a trick, we need to pay attention.