Tether Fined $41M for Lying About Reserves

Re:Tether Fined $41M for Lying About Reserves by orthecreedence on Friday October 15, 2021 @06:46PM (#28884018)

This is really interesting. I've long thought of as the US' empire being a primarily financial one (as opposed to military, like many other past empires) and I didn't even realize OFAC existed until reading your comment, much less the types of activities they engage in. This certainly cements my suspicions even more about the financial empire of the US and how they exercise that power.

Thanks for the post.

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Re:Tether Fined $41M for Lying About Reserves by mindslight on Friday October 15, 2021 @07:04PM (#28884154)

What is the difference between a financial empire, a military empire, and a resource empire (eg petrodollar) ? Each aspect reinforces the others. If the US didn't have the military, it couldn't enforce financial laws outside of its borders. If the US didn't have energy, it couldn't run its military. If the US didn't have a reserve currency, then it wouldn't be able to obtain as many resources.

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Re:Tether Fined $41M for Lying About Reserves by jakeinspace on Friday October 15, 2021 @08:05PM (#28884481)

Without taking a moral/ethical stand, it really is an amazing thing how much subtle power the US government wields.

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Re:Tether Fined $41M for Lying About Reserves by orthecreedence on Saturday October 16, 2021 @01:28AM (#28885765)

The difference is we use debt and currency as the primary means of control and domination, as opposed to storming in and killing people. Obviously two sides of the same coin (empire) but different methods.

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