“Will the loss of financial privacy destroy what’s left of freedom and liberty for American citizens?” The betting favorite is yes. From MN Gordon at economicprism.com:
U.S. government finances are failing. But instead of allowing things to continue to their inevitable demise, the central planners are looking to pull off another switcheroo. Like the issuance of Greenbacks during the Civil War or FDR’s gold confiscation in 1933, the U.S. government is scheming to radically change the form and feel of money once again. The goal is to mask an outright default. Yet make no mistake, the little guy – that’s you – will get screwed.
The GENIUS Act and the New Digital Dollar
America is 54 years into its experiment with pure fiat money, which followed the termination of the Bretton Woods Agreement in 1971. We are now witnessing the start of another financial re-engineering of money. The move to a digitally native, stablecoin-anchored dollar system.
This is happening whether you like it or not. In fact, the overarching legislation has already been put in place.
It’s called the GENIUS Act. And it was signed into law by President Trump on July 18, 2025. The acronym stands for Guiding and Establishing National Innovation for U.S. Stablecoins Act.
Stablecoins, if you didn’t know, are a type of cryptocurrency that are backed by assets considered to be reliable such as a national currency or a commodity. Stablecoins are typically used to transfer funds between different cryptocurrency tokens.
The GENIUS Act requires stablecoins to be backed one-for-one by U.S. dollars or other low-risk assets. Its focus is on mandating 100 percent reserve backing for payment stablecoins, primarily with short-term U.S. Treasuries. This policy commences the next shift in American money.
The stablecoin framework links the exploding global digital asset economy directly to U.S. liabilities. Every time a stablecoin issuer creates a digital unit, they are legally compelled to purchase a piece of U.S. debt (to maintain their 1:1 backing).
As digital trade, tokenized assets, and instant payments grow worldwide, the demand for these stable, regulated, dollar-pegged assets (stablecoins) will become immense. This translates directly into a structural, near-unlimited demand for U.S. Treasury bills.
The Chicago Dear Leader Messiah proposed trillion dollar coins backed by nothing.
The best and brightest always go into government work.
What will the Hebrew Yammer Trumpstein propose?
The Jarvanka coin also backed by nothing?
Reading about the Somali fraud where comrade Timmeh was outsmarted by those with a 67 IQ.
It features shoeboxes of money, large wire transfers to China, luxury Maldives vacation, lakefront homes in the glorious peoples republic of Minnesota.
Societies that are way too stupid to exist will be put of misery.