US Treasury Secretary Scott Bessent said that “stablecoins” in the GENIUS Act would be backed by Treasuries. Basically, instead of using US dollars, people could use credit for US dollars backed by US Treasury bonds… called stablecoins.
US Treasury Secretary Scott Bessent said that “stablecoins” in the GENIUS Act would be backed by Treasuries. Basically, instead of using US dollars, people could use credit for US dollars backed by US Treasury bonds… called stablecoins.
“Rising debt levels are likely to push up interest rates on U.S. government debt.”
-The Authors
“The views expressed are those of the authors and should not be attributed to the Federal Reserve Bank of Dallas or the Federal Reserve System.”
-Federal Reserve Bank of Dallas, Texas.
On August 1, 2025 Federal Reserve Bank Principal Economist for their Financial Flows Section, Colin Weiss, published an article called, Official Reserve Revaluations: The International Experience. The article is about how the US Treasury could revalue the gold that they own at Fort Knox (and where ever else) from $42 to $3,400+, the Federal Reserve credits the Treasury with the difference, and then they spend the money while pretending that it isn’t inflation.
Women like gold.
Men like women.
QED.
House Resolution 581 is being brought up for a vote in the House of Representatives by Representative Thomas Massie of Kentucky (R) and Representative Ro Khanna of California (D).
The Bill would direct the US Attorney General to release all relevant files on the Epstein Client List.
“Are you still talking about Jeffery Epstein? This guy’s been talked about for years. We’ve have Texas. We’ve have this. We have all of the things. Are people still talking about this guy? This creep?” President Trump, July 8, 2025 in a cabinet meeting interview with the press.
“The Most significant threat to our national security is our debt.” -Chairman of the Joint Chiefs of Staff, Admiral Mike Mullen, speaking with CNN in 2010.
Elon Musk retweeted an except of Milton Friedman saying that inflation was a tax because it comes from printing money to pay for government spending. He has a large audience.
“And in the bills of credit issued by the authority of the United States in Congress assembled, at the rate of one hundred dollars in the said bills, for one dollar in specie.”
Forget 1970’s inflation. Here comes the 1790’s.
Trump’s “one, big, beautiful bill” is now before the US Senate. It is not popular with members of the Senate who want to shrink government, like Rand Paul. Elon Musk tweeted out that it was an abomination. The MAGA honeymoon is over. Hyperinflation or bust!
“Congress can do funny math- fantasy math- if they want, but bond investors don’t; and, this week they sent us a message. Moody’s downgraded our credit rating, and the bond investors who buy our debt- finance our debt- demanded higher interest rates on the 10-year note, 20-year note, and the 30-year note.”
-Kentucky Representative, Thomas Massie.
Pope Francis announced that 2025 would be a jubilee year. The jubilee comes from Leviticus 25 and involved debt forgiveness. Considering that Moody’s credit rating agency just downgraded America’s federal debt, this is a good time for debt forgiveness.
“Through every currency crisis in history, gold has preserved purchasing power. (Maybe THIS is why Trump made gold IMMUNE to the tariffs and why he KEEPS talking about America’s ‘Golden Age.’)” -Donald Trump, Jr.
The electric power grid needs to produce a steady level of energy to function. It can fail with too much or too little power. Because the energy produced by wind and solar can vary based on the weather, the more green energy that is used, the more the electric grid will fail.
The US economy is based on exporting dollars in exchange for cheap imports. At some point, China will dump treasuries in response to tariffs, causing interest rates to spike and for Americans to reckon with the debt. China is buying gold because they know that the Federal Reserve will keep printing money. Gold is money by [debt] default. History repeats.
Tucker Carlson interviewed former Congressman Curt Weldon and Canadian politician Maxime Bernier in April 2025. Both had comments on gold- or the lack thereof- in North Africa and Canada.
Bessent: And the fact that the entire global trading system- until Richard Nixon took us off- was tied to gold.
Tucker: So, you’re not anti-gold.
Bessent: Oh, no. No, no, no. When I had my [investment] fund, I think that people might have called me a gold bug.
On April 3, 2025, the Federal Reserve’s Atlanta branch reported that the USA’s Gross Domestic Product for the first quarter of the year (Q1 GDP) was down 2.8%, but that it was only down .8%, when adjusting for gold imports. If Mississippi wants to experience gold adjusted GDP, then the Mississippi Treasury should own some treasure.
We are going back to 1964 pricing for people with silver dollars, and hyper-inflation for everyone else.
Racism used to mean members of one race hating members of another race. Today, a racist is a white American who doesn’t vote Democrat. What is race and what is racism?