Cantor Fitzgerald’s Lutnick Says Tether’s Reserves Do Exist

[Frederick Foresight]

This post is a satire.

No!

 

[GlobalMacro90]

O'Leary staked his fame/career on how safe FTX was. Remember that? The most safest... 100%

You are trying to tell us that Tether is now safe because one guy staked his reputation on it? I think you may be the one that has to take the tin-foil hat off.

O'Leary is an idiot. Also, he had no insider knowledge of FTX (obviously) ... he was duped.

This guy runs a 79 year Wall Street institution. He saw tethers books first hand. And again, he has little to gain and everything to lose by lying. And again, all they (Cantor) does is hold Tether's T-Bills, which prob contributes like 0.000001% of Cantor's overall revenue. So why the hell would he lie?

Do you have any real explanation for any of this or just blanket skepticism?

Get a grip

 

[semperfrosty]

Cantor Fitzgerald's offices at the World Trade Center were destroyed on 09/11.

So they must be in on the fraud. It's all connected. Cantor Fitzgerald's people must have placed the explosives that brought down the towers... I mean, y'all know those towers were not destroyed by the planes, right? Everyone knows that 'cause it's been on the internet for years. Some guy with a PhD in engineering said it was not possible, and he's an expert, so the fall of the towers must have been caused by something else. There were explosives already in the building, and those guys at Cantor Fitzgerald put 'em there.

And that's why that guy is lying about Tether. Because he's covering up what happened at the WTC. And what happened in Area 51. And who is really behind the assassination of JFK. And the babies that the Jews are sacrificing in the tunnels below their synagogue in New York.


This post is a satire. If you haven't figured that out, then you have an intellectual disability.

Also...moon landing.

 

[Frederick Foresight]

Here it is again ... a Wall Street vet, who would know considering this company Cantor holds the TBills for Tether, saying Tether's reserves do exist... (see screenshot)

This isn't an audit I know I know, but ask yourself why would this guy risk jail time by lying about this for very little gain?

I don't think holding Tether's treasury bills is any kind of core business for Cantor, so why lie?

Tether is backed, you guys need to just give it up

@RedDuke @Pekelo

Okay. And yet:

https://beincrypto.com/tether-q2-avoids-full-audit/

Why is that?

 

[GlobalMacro90]

Okay. And yet:

https://beincrypto.com/tether-q2-avoids-full-audit/

Why is that?

I honestly don't know .... but i don't think its worth missing the trade of your lifetime over an unfounded conspracy theory, but thats just me

 

[Frederick Foresight]

I honestly don't know .... but i don't think its worth missing the trade of your lifetime over an unfounded conspracy theory, but thats just me

But that wasn't the point of this thread, was it?

 

[GlobalMacro90]

But that wasn't the point of this thread, was it?

The point of the thread wasnt that Tether has an audit. It is that Lutnick said this and that there is no logical explanation why he would lie, it just doesnt make any sense. People use Tether as a reason to stay out of crypto, and I am saying they are likely living a delusion.

 

[Frederick Foresight]

The point of the thread wasnt that Tether has an audit. It is that Lutnick said this and that there is no logical explanation why he would lie, it just doesnt make any sense.

What doesn't make sense is that Tether does not submit to an audit given all the assertions of its legitimacy and its being aboveboard. But then, this is not something that troubles a True Believer.

 

[GlobalMacro90]

What doesn't make sense is that Tether does not submit to an audit given all the assertions of its legitimacy and its being aboveboard. But then, this is not something that troubles a True Believer.

Im no true believer in Tether. I don't even use Tether, and tell people don't use it if you can help it (just use USDC for ur stablecoin needs)

I just find it amusing that people say Tether will collapse for YEARS (and even dumber, make the illogical jump that this also means Bitcoin will collapse) ... and it just never does. Then there is evidence (like Lutnick's comments I started the post with) STRONGLY suggesting Tether is backed more that 1 to 1 and the Tether truther still just clutch to their bibles, in this case their bibles is no audit and 1 Bloomberg commercial paper article from 2017.

Its really something.

 

[The_Krakenite]

I just find it amusing that people say Tether will collapse

I found it amusing when people doubted me for stating Titan Finance was obviously going to collapse. (It did).

And then I got doubted and laughed at for stating that Luna was going to collapse (It did).

And now, some idiot is doubting me for holding onto that old tradition of common sense, when I say that Tether is waiting to collapse.

...