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The Genius Act sounds like a win for stablecoin innovation… But here’s the problem: it could drain deposits from the banking system. Here’s how it works: Stablecoin issuers need to back their coins with short-term Treasuries That money is likely to come from bank deposits Banks will need to sell
Elon Musk wants to launch a new “America Party” to represent the frustrated middle. But here’s the problem: there’s no room in the middle anymore. Republicans and Democrats are basically the same — big government, big deficits, big control. What we need isn’t a centrist third party. We need a
The conversation delves into the impending crisis of Social Security, projected to face insolvency by 2033. James explains the mechanics of Social Security funding, highlighting the shift from surplus to deficit and the implications for beneficiaries. The discussion transitions to potential solutions, including alternative investment strategies such as a sovereign
Crypto is amazing for personal freedom. No middlemen. Total control over your money. Great for estate planning and asset protection. But let’s not fool ourselves: Crypto won’t fix the economy. It won’t drive massive productivity gains like AI, robotics, or nuclear energy will. At best, it makes the system a
Trump’s supposed private-sector “comeback” is a manufacturing bust. Jobs are being lost. Tariffs are making U.S. companies less competitive. Unemployment? That 4.1% number is meaningless — try 7.7% using U6. This isn’t growth. It’s spin. #Trump #Manufacturing #SchiffSovereign #Tariffs #Unemployment #EconomicReality #LaborMarket #short
In this conversation, Joe and James discuss the implications of the Genius Act, which aims to regulate stablecoins and their potential impact on the banking system and national debt. James argues that while crypto can disrupt the inefficient banking system, the Genius Act may not solve all financial problems. They
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