USDT market cap surge to trillions

The Greenspan puzzle of the Mamdani era. Raising interest rates actually saves US Treasuries because it will crush most of the world's remaining sovereign currencies, and the corpses left behind become the raw material for Mamdani-style redistribution. Every ideology exacts a price, and the method is simple: place that cost outside America's borders. "Trump's major defeat (November 2026 midterm elections) → Rise of the left (2027–2028, congressional control plus the 2028 presidential election) → Warsh gains political cover to raise rates → Dollar strengthens → Foreign currencies collapse one after another (RMB and numerous non-USD currencies) → USDT surges to several trillion or even ten trillion → Short-term bond buying demand resolved → Long-term bonds suppressed by buybacks → US Treasuries 'saved' → The left begins its redistribution feast → Roman citizens receive bread and watch gladiatorial games → Tenant farmers outside the walls quietly pay interest." The entire sequence requires no one to have an overall plan—each step is the local optimum for every participant: the left wants to spend, the Fed wants to curb inflation, tenant farmers want to survive, Tether wants to earn the interest rate spread. The rationality of these four parties combines into the empire's final global harvest.