RE: James Corbett Interviews Mark Goodwin on Stablecoins and the GENIUS Act.

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"Are you claiming that the US government-issued stablecoin is intended to solve the US government's debt?"

Not exactly, but that the US government will require private issuers of stablecoins to buy USG bonds known as 'treasuries' to collateralize the coins. This isn't the same thing as the government itself creating the stablecoins. It is only forcing the stablecoin issuers to lend money to the USG for the privilege to create the stablecoins.

Thanks!

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(Edited)

Honestly. Most were already doing it. All my deities tell me dollar is toast by 2030. I could this this adding a decade at least. That said the sanctions are just counter to it.

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Peter Schiff thinks the GENIUS Act is an act of genius. But, he also said Epstein didn't do anything wrong, so there's that.

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