Comments by Brian Shilhavy
Health Impact News

Leah of the Leah Files has just published her 4th article in her “Currency Killer” series about Treasury Secretary Scott Bessent’s attempts to take over the U.S. financial system by crashing the U.S. dollar and replacing it with stablecoins, and specifically with Commerce Secretary Howard Lutnick’s Tether stablecoin, the largest stablecoin in the world which is now rapidly buying up U.S. Treasuries.

Here is my coverage of her first three articles in this explosive investigative series that I have yet to see anyone else cover in either the corporate or alternative media:

Part 1 & 2: Treasury Secretary Scott Bessent Just Restructured The American Financial System to Destroy the U.S. Dollar

Part 3: The Epstein Digital Financial System is Getting Ready to Replace the U.S. Dollar

In this 4th article in the series, Leah covers the GENIUS Act, which has already been signed into law, but has a comment period before it is enacted that will close on October 19.

As Leah writes, this is not simply “corruption as usual” in Washington D.C., where conflicts of interest rule the day.

No, this is entirely different – it is the complete hijacking of the U.S. financial system and putting it into the hands of a very few powerful people, and one very powerful company: Tether.

As Leah writes:

That is not a stablecoin company. That is a parallel financial system, every function of a central bank plus every function of an intelligence service, in one private entity, owned by four men who control 86 percent of the equity, incorporated in the British Virgin Islands, physically located in El Salvador, and paying zero corporate tax on $13 billion in annual revenue.

In 2024 during the Presidential campaign season in the U.S., I exposed many of the Silicon Valley billionaires who follow the teachings of Curtis Yarvin, and believe that democracy is a poor form of government, and would instead prefer a monarchy.

Peter Thiel heads this list, along with his protege and disciple, J.D. Vance, who is now the Vice President of the United States. See:

Big Tech “Far-Right” Billionaires want to Eliminate Politicians and “Democracy” as They Believe They can Run the World Better by Themselves

Of course “democracy” and the illusion that people can vote politicians into office to affect change is considered a “Constitutional Right”, and this belief is drilled into every American through our educational system.

So overthrowing the government and installing a king is just not something that would go over too well in the U.S.

However, hijacking the American financial system by crashing the U.S. dollar, replacing it with stablecoins, and putting it into the hands of a few powerful people in the private sector would accomplish almost the exact same thing, and Leah exposes it all in her series and in this latest article, which is must reading for everyone.

The Currency Killer Part IV: The Machine

They built it in eighteen months and it has been turned on. We have three weeks to make a change.

by Leah
The Leah Files

Excerpts:

Scott Bessent, the man running the US Treasury stood in front of a room in Dallas on September 10 and said five words that should have ended his career: “I am the house now.”

He was not joking. He tripled the government’s bond buyback program the same week. The next day, the DOJ publicly thanked Tether for helping freeze $52 million in criminal funds. Two weeks before that, his Treasury Department deleted the only federal database tracking who owns shell companies in America, and then published the rules that will govern stablecoins forever.

All of that happened in thirty-one days.

In Part I, I showed you how Bessent spent forty years breaking currencies and then took the keys to ours. In Part II, I showed you how Lutnick’s family built the custody operation with a Tether loan. In Part III, I traced Tether to Epstein’s crypto network and documented the empire they are building with the profits.

This is Part IV. This is what it looks like when all of it runs at the same time, and there is a clock on it. The GENIUS Act comment period closes October 19. That is three weeks from now. After that, the rules governing stablecoins in America get finalized by the man who profits from their growth, and the company those rules will govern just hired the man who wrote the law to be its CEO.

“I AM THE HOUSE NOW”

On September 10, Scott Bessent stood in front of a room in Dallas and said five words that should have been on every front page in America, “I am the house now.”

He was responding to critics who called his Treasury interventions reckless, after bond traders pushed back against his buyback program and drove yields higher instead of lower. His response was not to adjust, it was to triple down.

The Treasury announced it would buy back up to $6 billion in bonds in a single week, triple the normal operation. Bessent has doubled the buyback program twice since taking office, from $2 billion per operation to $4 billion, and now effectively to $6 billion per week, an escalation that no previous Treasury Secretary has attempted because no previous Treasury Secretary was a career currency trader who spent four decades learning how to move bond markets by force.

Here is what “I am the house now” means when you translate it from hedge fund speak. It means he is not managing the bond market, he is running it, setting the prices, deciding which bonds get bought, at what maturity, and at what yield.

The people on the other side of every one of those trades are the stablecoin issuers whose reserves the GENIUS Act requires to be held in Treasury bills maturing within 93 days.

When George Soros said something similar before breaking the Bank of England, he was a private citizen betting against a government.

Bessent was the man next to him when he said it.

Now Bessent is the government, and the bond market he is running determines what your mortgage costs, what the dollar is worth, and how much the country pays to borrow money.

That has never happened before, and he said it out loud.

Fortune reported that bond yields are higher now than before Bessent intervened, which means the plan is not working the way a normal Treasury Secretary would want it to work. But it is working exactly the way a currency attacker would want it to work, because higher long-term yields and lower short-term yields is the exact trade that benefits stablecoin issuers who hold short-term T-bills.

Bessent knows this because he spent forty years doing this.

THE NUMBERS

Here is what Bessent is actually doing with the bond market, because the numbers tell a story the headlines are not.

The GENIUS Act requires every stablecoin to be backed by Treasury bills maturing within 93 days. Not bonds, not notes. Short-term bills specifically. That means every new dollar of stablecoin growth creates a dollar of mandatory demand for one very specific type of government debt.

Now look at what Bessent did with supply.

Before he took over, the government was adding about $31.7 billion in T-bills per month. Under Bessent, the average rose to $45.7 billion. Then in June 2026, it exploded: T-bills outstanding jumped from $6.691 trillion to $7.248 trillion in two months. That is $557 billion in sixty days, 8.8 times the pre-Bessent pace. He is flooding the market with exactly the securities that stablecoin issuers are required by law to buy.

And there is only one buyer large enough to absorb that at scale. Tether held $98.5 billion in T-bills at the end of Q1 2025. By June 2026 it was $141 billion. They are already the 17th largest holder of US government debt on earth, bigger than Germany, and their CEO has said publicly they want to be top five.

Here is what that means for your wallet.

An academic study found that Tether’s buying lowers short-term yields by 24 basis points, which saves the US government roughly $15 billion a year in borrowing costs. The government is paying less on its debt because Tether is buying it. Standard Chartered projects stablecoin issuers will need $1 trillion in T-bill reserves by 2028. Bessent himself says $2 trillion.

Read that again.

The US government is becoming financially dependent on a private company incorporated in the British Virgin Islands to finance its own borrowing. And the man running the Treasury is the one making it happen.

That is the feedback loop nobody is naming.

Bessent issues the T-bills. The law requires Tether to buy them. Tether’s buying lowers yields and saves the government money. The government becomes dependent on Tether’s demand. Tether becomes too important to regulate. And Tether takes the yield from those T-bills and converts it into something else entirely.

Bessent has gutted every agency that would be watching any of this. FinCEN, the agency whose entire job is tracking dirty money, took an 11 percent staff cut with 30 more positions proposed for elimination, and the beneficial ownership database was ordered deleted.

The Public Integrity Section, the DOJ unit that prosecutes corrupt officials, went from 36 lawyers to 2 and from 190 open cases to about 20. Seventeen inspectors general were fired in a single night. The FBI’s public corruption squad was dissolved. Foreign Corrupt Practices Act enforcement was paused by executive order.

THE LOOP

Here is how it works when you put all the pieces together, six steps where each one feeds the next.

Step one: Bessent floods the market with short-term Treasury bills, tripling the buyback program to $6 billion per week and shifting debt issuance toward shorter maturities in what analysts call the “Treasury Twist.”

Step two: the GENIUS Act requires every stablecoin to be backed by reserves held in T-bills maturing within 93 days, which means every new dollar of stablecoin growth creates a dollar of mandatory demand for the exact securities Bessent is issuing.

Step three: Tether buys those T-bills, currently holding $141 billion in US Treasuries, making it the 17th largest holder of US government debt on earth and bigger than Germany, earning roughly $13 billion a year in yield.

Step four: Tether uses that yield to build the empire, deploying more than $5 billion since late 2023 into farmland, fertilizer, AI data centers, satellite companies, robotics, media platforms, gold, and bitcoin.

Step five: the empire generates revenue, with Adecoagro alone producing $467 million in annual EBITDA, the farmland growing crops, the bitcoin mines running on sugarcane electricity, the gold lending operation earning interest, and StableFund deploying private credit, with every subsidiary producing cash that flows back to Tether.

Step six: Tether issues more stablecoins, which require more T-bill reserves, which creates more demand for Bessent’s bonds, which keeps yields low, which lets the government borrow cheaply, which means Bessent can issue more T-bills.

That is the loop, and once it reaches scale no future president can dismantle it without crashing the bond market. At $1 trillion in stablecoins, the US government depends on Tether to finance its operations.

At $2 trillion, Bessent’s own projection for 2028, stablecoin issuers hold a quarter of all T-bills outstanding. At $4 trillion, the whole thing is permanent, because the interest rates on your mortgage, your car loan, and your credit card would all spike overnight if anyone tried to unwind it.

We are at $302 billion right now and the clock is running….

Read the Full Article at The Leah Files – this is just a portion of everything she reports on that I have republished here.

This article was written by Human Superior Intelligence (HSI)

See Also:

Understand the Times We are Currently Living Through

The Brain Myth: Your Intellect and Thoughts Originate in Your Heart, Not Your Brain

Is God’s Patience About to Run Out on the United States?

Second Edition of eBook Released: The Concept of the American Christian Family is a Myth and is NOT Found Anywhere in the Bible – by Brian Shilhavy

FREE eBook! Restoring the Foundation of New Testament Faith in Jesus Christ – by Brian Shilhavy

KABBALAH: The Anti-Christ Religion of Satan that Controls the World Today

Exposing the Christian Zionism Cult

The Bewitching of America with the Evil Eye and the Mark of the Beast

Jesus Christ’s Opposition to the Jewish State: Lessons for Today

Identifying the Luciferian Globalists Implementing the New World Order – Who are the “Jews”?

The post Bessent and Lutnick are Building a Parallel Financial System on Stablecoins without Government Oversight While Crashing the U.S. Dollar Intentionally first appeared on Health Impact News.

Image source.

Comments by Brian Shilhavy
Health Impact News

A Health Impact News reader reached out to me today about a Substack Page named The Leah Files, and Leah’s most recent posts about Treasury Secretary Scott Bessent and Secretary of Commerce Howard Lutnick’s efforts to intentionally crash the U.S. dollar and replace it with digital stablecoins.

Leah claims to have 20 years of experience in intelligence as a former CIA and NSA employee. She also has a YouTube channel.

Leah appears to have discovered the Trump Administration’s plan to crash the U.S. Dollar and profit from it, and her research appears to be rock solid.

Some of this information I already knew, but she covers the most recent actions by Bessent and ties the pieces together, which was a real eye-opener for me, so I decided to feature her work here on the Health Impact News network.

She gives great background on Scott Bessent and how he has a history of destroying countries’ currencies, and profiting from it.

This is what she wrote regarding Bessent and the actions he took as the U.S. Treasury Secretary during a 13-day period in August of 2026:

Between August 11 and August 24, 2026, Treasury Secretary Scott Bessent executed a sequence of decisions that, taken together, amount to the most aggressive restructuring of the American financial system in modern history. He did it in thirteen days and it’s being buried in the news…for good reason.

I am quoting extensive excerpts from her two-article series, and I encourage you to support her work (I did).

THE CURRENCY KILLER: SCOTT BESSENT

He broke five currencies and made billions. Then, he got the keys to the USD. All while having connections to Epstein and Ehud Barak.

by Leah

Excerpts:

Between August 11 and August 24, 2026, Treasury Secretary Scott Bessent executed a sequence of decisions that, taken together, amount to the most aggressive restructuring of the American financial system in modern history. He did it in thirteen days and it’s being buried in the news…for good reason.

On August 11, Bessent killed the Corporate Transparency Act and ordered the FinCEN beneficial ownership database deleted. Three days later, the President’s family crypto company received a federal bank charter.

Three days after that, Bessent published rules requiring every stablecoin in America to hold its reserves in Treasury bills. The national debt crossed $40 trillion the next day.

On August 19, he doubled the Treasury’s bond buyback program, the same mechanism he once used to make $3.5 billion breaking Japan’s currency. And on August 24, he announced “Operation Economic Outcast” and threatened to cut entire countries off from the dollar system.

I built a model to measure how close the United States is to a currency crisis.

I took the seven indicators that preceded every major currency collapse since 1992 and checked the U.S. against each one. Unfortunately, all seven are present. The historical record says that has never happened without a crisis following within twenty-four months.

The model turned out to be the easy part. The harder thing to explain is what I found behind the numbers: a system that appears designed not just to weaken the dollar, but to profit from the weakening. And the man running it has spent forty years doing exactly that to other countries.

The Man Behind the US Dollar

Scott Bessent’s career has one through line. He finds countries whose governments are weakening their own currencies, he bets against those currencies, and he collects when they break.

He started on George Soros’s team in the early 1990s. In 1992, Soros shorted the British pound on Black Wednesday and made a billion dollars in a single day.

Bessent was part of that trade, living in London and running the London office at the time. He went on to become Soros Fund Management’s chief investment officer, where he ran what the Wall Street Journal called the most profitable currency bet in the fund’s history: the yen.

Japan’s government had been buying its own bonds to suppress interest rates, which had the side effect of weakening the yen. Bessent recognized the pattern, shorted the currency, and made $3.5 billion when it crashed.

The Wall Street Journal called him “The Man Who Broke the Bank of Japan.” Fortune wrote that he “made a fortune spotting currency manipulation.”

He left Soros in 2015 and started his own fund, Key Square Capital, running the same strategy. Then Donald Trump nominated him for Treasury Secretary, and the man who had spent his career betting against vulnerable currencies was handed control of the most important one on earth.

What he has done since become the US Treasury Secretary with control of the US Dollar is worth a closer look.

He crashed the Iranian rial from 700,000 to 2 million per dollar through sanctions. Rice prices in Iran went up 60% and beef went up 150%. The broader conflict cost American consumers $53 billion in higher gas prices, according to the Dallas Fed.

He used between $20 and $40 billion in American taxpayer money to prop up Argentina’s peso ahead of a political ally’s midterm elections.

He blockaded Cuba’s economy and tourism collapsed by half with rolling blackouts becoming a permanent normalcy. To make matters worse, the country has posted three straight years of negative GDP.

The pattern is consistent. When the target is an adversary, he destroys their currency. When the target is an ally, he props theirs up with American money.

In both cases, the American public pays.

Seven Out of Seven

As an economist, I have studied historical currency collapses for years and I found that eery major one in modern history followed a pattern. I identified seven indicators that were present before the collapse. And I wanted to know how many of those indicators are currently present in the United States.

The answer…all of them.

In the historical record, four of these indicators meant a crisis was likely. Five meant it was almost certain.

I found all seven.

Operation Economic Outcast

On August 24, Bessent held a press conference and announced what he called “the single greatest financial offensive ever marshaled against an adversary.”

He sanctioned nearly 60 corporations, individuals, and vessels connected to Iran. He introduced five new categories of secondary sanctions targeting digital assets, cryptocurrency, gold, aviation, and shipping. He seized $1 billion in Iranian cryptocurrency.

Then he said:

“Any entity that facilitates money laundering on behalf of Iran will be removed from the U.S. dollar system. The clock just started ticking.”

When asked whether Chinese banks would be exempt, he said

“no one is above the reach of U.S. sanctions.”

The Treasury Secretary of the United States just threatened to cut entire nations off from the dollar. He did this while actively weakening the dollar through buybacks. While the debt just crossed $40 trillion. While he had just gutted the financial transparency system, and while the President’s family owns the only federally chartered private digital dollar in existence.

Countries that get cut off from the dollar system still need a way to transact in dollars. The only private digital dollar with a federal bank charter is USD1, owned by the Trump family.

Bessent is driving countries away from the dollar while the President’s family owns the replacement.

The Digital Dollar Play

Let’s play connect the dots.

On January 23, 2025, Trump signed an executive order banning any federal agency from creating a Central Bank Digital Currency. No government digital dollar, ever. He eliminated the only thing that could have competed with a private one.

Two months later, his family’s company, World Liberty Financial, launched USD1, a private stablecoin pegged to the U.S. dollar and backed by Treasury bills. The Trump family receives 75% of net profits. Abu Dhabi’s sovereign wealth fund, controlled by Sheikh Tahnoon bin Zayed, owns 49%. USD1 now has $4.6 billion in circulation.

In May 2025, Abu Dhabi’s MGX fund routed a $2 billion investment in Binance through USD1 specifically. That single transaction represented 75% of USD1’s total market cap at the time. Eric Trump and Zach Witkoff, the son of Trump’s Middle East envoy, announced the deal from a stage in Dubai.

Congress then passed the GENIUS Act, which requires every stablecoin issuer in the United States to back its tokens with Treasury bills maturing within 93 days. This means every dollar of USD1 in circulation must purchase government debt. Brookings projects that stablecoin holdings of Treasury bills could reach $2.3 trillion by 2030.

On August 14, the OCC, run by Trump appointee Jonathan Gould, granted World Liberty Financial a conditional federal bank charter. The President’s family crypto company can now issue USD1 directly, with federal authority.

Now let’s follow the money through the loop.

The President banned the government from building the competition, then the Trump family built the product. His appointee gave them a bank charter.

Congress passed a law requiring it to buy government debt. His Treasury Secretary is weakening the real dollar to drive adoption of the digital one, and his Treasury Secretary is now cutting countries off from the dollar system, pushing them toward the private replacement his family owns.

Trump’s 2025 financial disclosure reported $1.4 billion in crypto income. That is more than he made from real estate. $550 million came from World Liberty Financial token sales. $600 million came from meme coins. His family has taken at least $1.2 billion in cash from WLF in sixteen months.

Former White House ethics lawyer Richard Painter reviewed the disclosures and said this level of conflict “would be a violation” for every other executive branch employee.

But there is no enforcement mechanism for a sitting president.

The Epstein Connection

There is one more thread, and it is the one that explains why the financial transparency infrastructure had to be destroyed.

In August 2024, a hacker group called Handala breached the personal email archive of Ehud Barak, the former Prime Minister of Israel.

Barak was one of Jeffrey Epstein’s closest associates. He visited Epstein’s Manhattan townhouse dozens of times, invested in companies alongside Epstein, and has never denied the relationship.

The emails were published by Distributed Denial of Secrets, a legitimate transparency organization. Journalists Jack Poulson and Harrison Berger spent months going through them and published their findings in September 2025.

What they found was a direct, documented financial relationship between Ehud Barak and Scott Bessent.

The emails show Barak communicating with senior Soros Fund executives about Bessent’s currency trades. They used code names.

Bessent was referred to as “Sterling.” A major yen trade was called “Ichiban,” the Japanese word for number one. There are emails from August 2013, December 2013, May 2014, February 2015, and May 2015 documenting meetings, fund seeding discussions involving $100 million to $450 million, and ongoing financial coordination between Barak and Bessent.

Barak’s corporate structure was designed by Darren Indyke, Epstein’s personal lawyer. Epstein’s Southern Trust Company invested 50% into the entity. The same entity that took consulting payments from Bessent’s fund is the same entity that controlled where Epstein’s money went.

Bessent is also blocking the release of $1.5 billion worth of Epstein’s Suspicious Activity Reports: 4,725 flagged wire transfers from JPMorgan and $378 million from BNY Mellon. Senator Ron Wyden introduced the PETRA bill to force their release. A Republican senator blocked it.

Wyden called Bessent “a willing participant in a cover-up.”

And he is.

On August 11, Bessent killed the Corporate Transparency Act and deleted the FinCEN database. Three days later, the bank charter was approved.

The man with documented financial ties to Epstein’s business partner is not just running the Treasury, he is dismantling the infrastructure that would allow anyone to trace what is happening now.

Read the Full Article at The Leah Files.

THE CURRENCY KILLER PART II: HOWARD LUTNICK

How Howard Lutnick Built the Infrastructure For America’s Largest Financial Conflict of Interest

by Leah

Excerpts:

THE OTHER HALF OF THE SCHEME

In Part I of “The Currency Killer”, I showed you how Treasury Secretary Scott Bessent is using the same tools he deployed as a hedge fund manager to manipulate the US bond market. He doubled the Treasury buyback program to $4 billion per operation.

He is sitting on a $950 billion war chest.

But a buyback scheme only works if there is demand for the bonds you are buying. Someone has to be on the other side of the trade.

That someone is Howard Lutnick.

Before he became the 41st Secretary of Commerce, Lutnick was the CEO of Cantor Fitzgerald, one of Wall Street’s largest bond dealers. I did a deep dive on Lutnick, so go check it out on my Substack if you haven’t already.

But in summary, he is, in my opinion, one of the worst of the worst of this administration.

Forbes called him the most hated guy on Wall Street. He was confirmed 51-45 on a strict party-line vote. He co-chaired Trump’s transition and was the 31st largest donor in the 2024 cycle, putting nearly $9 million into MAGA, Inc.

His firm has a client that matters more than any other in this Currency Killer series. That client is Tether, the largest stablecoin in the world, with $185 billion in circulation. Cantor Fitzgerald is Tether’s primary custodian, holding $141 billion in US Treasury bills backing Tether’s reserves.

That makes Tether one of the twenty largest holders of US government debt on earth, bigger than Germany.

But Lutnick did not just manage Tether’s money, he vouched for them publicly, and shaped the law that protects them. His family still profits from the relationship. The stablecoin at the center of all of it has documented ties to terrorism financing, nuclear proliferation, and the global fentanyl trade.

Welcome to the most corrupt administration folks. This is the story of the custodian, ie Howard Lutnick.

Read the full article at The Leah Files.

This article was written by Human Superior Intelligence (HSI)

See Also:

Understand the Times We are Currently Living Through

Second Edition of eBook Released: The Concept of the American Christian Family is a Myth and is NOT Found Anywhere in the Bible – by Brian Shilhavy

FREE eBook! Restoring the Foundation of New Testament Faith in Jesus Christ – by Brian Shilhavy

The Brotherhood of Satan vs. The Brotherhood of Jesus Christ

KABBALAH: The Anti-Christ Religion of Satan that Controls the World Today

Exposing the Christian Zionism Cult

The Bewitching of America with the Evil Eye and the Mark of the Beast

Jesus Christ’s Opposition to the Jewish State: Lessons for Today

Identifying the Luciferian Globalists Implementing the New World Order – Who are the “Jews”?

The Brain Myth: Your Intellect and Thoughts Originate in Your Heart, Not Your Brain

What is the Condition of Your Heart? The Superiority of the Human Heart over the Human Brain

The post Treasury Secretary Scott Bessent Just Restructured The American Financial System to Destroy the U.S. Dollar first appeared on Health Impact News.