“Although the perils of a global fiat system surely are apparent in today’s economic times, the replacing of nearly 200 central banks with a handful of centralized issuers within the regulatory regime of the United States is hardly an upgrade worth fighting for.”
~ Mark Goodwin
People View the Dollar As “The Great Satan” and Stablecoins As Cool and Fashionable, but They Are the Same Thing!
Stablecoins have the potential to become the largest expansion of money and credit in our history and to replace plans for CBDCs with control mechanisms that are even more secretive and lethal.
This is all moving so fast and it is so depressing. Are we helpless to stop any of this? Only the wealthy and politically connected will have access to any of the profits from this changing financial system. We middle class plebs are getting bowled over from inflation and are having our financial reserves sucked away. I worry for my children and grandchildren. What can we do other than live locally, maintain our trusted relationships, grow as much of our food as possible, take on no new debt, homeschool our grandchildren and pray?
Build new businesses, services and products that help others doing the same.
Start by simply responding to requests for help and learning as many new skills as possible. Learning plan and time budget really help.
I leave this interview with the idea that I ought to put some $ into Tether- is this wise?
The terms and conditions on these are going to be epic, as will the lawsuits. I’m sure there will some sort of federal preemption like the National Banking Act.
The transhumanist gov-corp technate and dark occultists only need to kick the bucket down the road for ~20 years while they fund ZPE tech beyond time and space with AI datacentres, hidden behind the national security of nuclear – to survive the oncoming geomagnetic events or other timelines with similar consequences. We already know encryption can be bypassed/broken with this technology, so the rug can be pulled at any time. “Post-quantum encryption” is not going to cut it and will not be sufficient.
Of course you have Epstein type characters all through the stablecoin space, no surprises there. Islands and all.
It’s clear they know what’s coming and are preparing as such. There’s no intent so solve for anything long term.
That being said, yes we can create our way out of this with alternative systems.
This was an excellent conversation to share! I am surprised y’all didn’t mention Rio BRICS Summit 2025. Based on anything I could learn from attendees of all different nationalities; The global south has figured out everything you all mentioned above. The West are the enemies, enslavers, & destroyers. According to the many attendees, they assessed the USD Pound & Euro will all not work within the BRICS system. If 🇺🇸 create a 🇺🇸 Stablecoin; I think global south know to stay away from it, not adopt it. 🇺🇸 has lost trust w/ everybody (sanctions & now tarrifs). USD has too much debt & lackluster production, treasury bonds no longer attractive. Trump is gambling on global south having weak ties. I think this will blow up in his presidency.
Stablecoins are not money. They are not even currency. They’re a scam.
Greg Mannarino has said about Stablecoins: A stablecoin is a digital token that’s designed to mimic the value of a real-world currency, like the US dollar. It’s meant to be “stable.” but… It’s not real money. It’s not cash. It’s a digital I.O.U. issued by private corporations or banks, and now overseen by the Fed. (In this case after the House passed legislation last night while you were asleep and or otherwise distracted). It can be frozen, tracked, controlled, or even erased with a keystroke. It’s not freedom, it’s programmable compliance/digital slavery.
“They are embedding stablecoins, corporate issued digital tokens, into the financial system with legal backing… digital chains, programming you into compliance.
(Reuters). The U.S. House has passed the Genius Act, alongside broader crypto-legislation measures. These bills will reach President Trump as soon as today for signing.
With Trump’s signature, it legally authorizes and embeds CORPORATE ISSUED STABLECOINS into the US financial system. This is NOT money. This is NOT cash. This is a permission slip OUTSIDE OF CONSTITUTIONAL AUTHORITY. A programmable, trackable, digitally managed token of control.
What they have done is eliminate the so called “FedCoin” narrative, (unpopular), and replaced it with a backdoor CBDC… a token that functions exactly the same, but is issued through private channels. Still… digitally created, monitored, programmable, traceable. Babylon just changed the label not the goal. We the People now forced into digital control, stripped of financial privacy, trapped in a system that can reshape your spending, your freedom, your LIFE.
CORE OF THIS DECEPTION? This is WAY WORSE than a CBDC.
WHY?
Because a Central Bank Digital Currency (CBDC), as dangerous as it is, would still be bound (even loosely) to constitutional limits, subject to government oversight, legal recourse, and transparency demands…
But … what they just gave us is THE Trojan Horse… Privatized Digital Control with ZERO accountability.
STABLECOINS ARE THE BEAST WITH NO LEASH.
Lions… Here’s the horrifying truth. These digital tokens will be created by corporations, managed outside the Constitution.
OUTSIDE OF THE CONSTITUTION.
And you know what that means?
You won’t be dealing with your “elected” officials. You’ll be dealing with BlackRockCoin, JPMCoin, or VisaUSD… Digital tokens issued by private megacorps, sanctioned by the Fed, and untouchable by voters.
NO CHECKS. NO BALANCES.
This is not freedom. This is not innovation. This is the complete outsourcing of financial power to entities who already manipulate markets, already influence elections, already profit off war, poverty, and inflation, and now control your money flow, purchase permissions, and digital identity.
THE PSYOP.
They told the world they would stop CBDC… but what they actually did was just privatize it.
THE CONSTITUTIONAL FRACTURE.
Nowhere… nowhere in the US Constitution does it grant private corporations the right to issue currency backed or overseen by the Federal Reserve.
Article I, Section 8, Clause 5 clearly states… “The Congress shall have power… To coin Money, regulate the Value thereof, and of foreign Coin…”
Only Congress has the constitutional authority to create lawful money.
Not BlackRock. Not Circle, Visa, or JPMorgan. And not a private stablecoin cartel wrapped in a Fed sanctioned cloak.
THIS IS ILLEGAL IN SPIRIT AND BY DESIGN.
What they’re doing now with stablecoins is outsourcing sovereign monetary power, privatizing the currency system, and circumventing constitutional oversight. They created a shadow monetary system, immune to Congress, court challenge, or public vote… a new backdoor financial system.
Lions… This NEW System has no constitutional precedent. It never went to the people, has zero direct accountability to the public AND Is being pushed through under cover of distraction.
GM”
Thank you Mark Goodwin! I am just learning about cryptocurrency. I bought Bitcoin in 2017 and did not know much about it. I am 72 years old and not computer savvy. I bought a new iPad and could not access my account on Coinbase. It took 2 years to get access to my Coinbase account because of my inexperience on the computer. As soon as I had access to my Coinbase account, I sold my Bitcoin and Ethereum because I did not have the expertise to navigate that account. Yes, I made a profit but I paid my taxes and was done!
This is all moving so fast and it is so depressing. Are we helpless to stop any of this? Only the wealthy and politically connected will have access to any of the profits from this changing financial system. We middle class plebs are getting bowled over from inflation and are having our financial reserves sucked away. I worry for my children and grandchildren. What can we do other than live locally, maintain our trusted relationships, grow as much of our food as possible, take on no new debt, homeschool our grandchildren and pray?
Build new businesses, services and products that help others doing the same.
Start by simply responding to requests for help and learning as many new skills as possible. Learning plan and time budget really help.
I leave this interview with the idea that I ought to put some $ into Tether- is this wise?
That’s a good question
https://cointelegraph.com/news/xrp-finally-breaking-out-12-percent-rally-ripple-bny-mellon
“XRP price jumped around 12% after Ripple named BNY Mellon as custodian for its RLUSD stablecoin”
Can stablecoins connect identity via biometrics or DNA? Worldcoin tried and failed with iris scans.
https://threadreaderapp.com/thread/1933887167027462430.html
https://threadreaderapp.com/thread/1939450943747002656.html
The terms and conditions on these are going to be epic, as will the lawsuits. I’m sure there will some sort of federal preemption like the National Banking Act.
Some groundwork has been laid with UCC Article 12 and inter-state commerce, https://natlawreview.com/article/new-ucc-article-12-matters-to-more-just-cryptocurrency
Thanks, Rich! UCC is a bear.
The transhumanist gov-corp technate and dark occultists only need to kick the bucket down the road for ~20 years while they fund ZPE tech beyond time and space with AI datacentres, hidden behind the national security of nuclear – to survive the oncoming geomagnetic events or other timelines with similar consequences. We already know encryption can be bypassed/broken with this technology, so the rug can be pulled at any time. “Post-quantum encryption” is not going to cut it and will not be sufficient.
Of course you have Epstein type characters all through the stablecoin space, no surprises there. Islands and all.
It’s clear they know what’s coming and are preparing as such. There’s no intent so solve for anything long term.
That being said, yes we can create our way out of this with alternative systems.
This was an excellent conversation to share! I am surprised y’all didn’t mention Rio BRICS Summit 2025. Based on anything I could learn from attendees of all different nationalities; The global south has figured out everything you all mentioned above. The West are the enemies, enslavers, & destroyers. According to the many attendees, they assessed the USD Pound & Euro will all not work within the BRICS system. If 🇺🇸 create a 🇺🇸 Stablecoin; I think global south know to stay away from it, not adopt it. 🇺🇸 has lost trust w/ everybody (sanctions & now tarrifs). USD has too much debt & lackluster production, treasury bonds no longer attractive. Trump is gambling on global south having weak ties. I think this will blow up in his presidency.
Stablecoins are not money. They are not even currency. They’re a scam.
Greg Mannarino has said about Stablecoins: A stablecoin is a digital token that’s designed to mimic the value of a real-world currency, like the US dollar. It’s meant to be “stable.” but… It’s not real money. It’s not cash. It’s a digital I.O.U. issued by private corporations or banks, and now overseen by the Fed. (In this case after the House passed legislation last night while you were asleep and or otherwise distracted). It can be frozen, tracked, controlled, or even erased with a keystroke. It’s not freedom, it’s programmable compliance/digital slavery.
In this article (text below) he goes into more detail.
https://gregorymannarino.substack.com/p/if-you-do-nothing-else-today-read
“They are embedding stablecoins, corporate issued digital tokens, into the financial system with legal backing… digital chains, programming you into compliance.
(Reuters). The U.S. House has passed the Genius Act, alongside broader crypto-legislation measures. These bills will reach President Trump as soon as today for signing.
With Trump’s signature, it legally authorizes and embeds CORPORATE ISSUED STABLECOINS into the US financial system. This is NOT money. This is NOT cash. This is a permission slip OUTSIDE OF CONSTITUTIONAL AUTHORITY. A programmable, trackable, digitally managed token of control.
What they have done is eliminate the so called “FedCoin” narrative, (unpopular), and replaced it with a backdoor CBDC… a token that functions exactly the same, but is issued through private channels. Still… digitally created, monitored, programmable, traceable. Babylon just changed the label not the goal. We the People now forced into digital control, stripped of financial privacy, trapped in a system that can reshape your spending, your freedom, your LIFE.
CORE OF THIS DECEPTION? This is WAY WORSE than a CBDC.
WHY?
Because a Central Bank Digital Currency (CBDC), as dangerous as it is, would still be bound (even loosely) to constitutional limits, subject to government oversight, legal recourse, and transparency demands…
But … what they just gave us is THE Trojan Horse… Privatized Digital Control with ZERO accountability.
STABLECOINS ARE THE BEAST WITH NO LEASH.
Lions… Here’s the horrifying truth. These digital tokens will be created by corporations, managed outside the Constitution.
OUTSIDE OF THE CONSTITUTION.
And you know what that means?
You won’t be dealing with your “elected” officials. You’ll be dealing with BlackRockCoin, JPMCoin, or VisaUSD… Digital tokens issued by private megacorps, sanctioned by the Fed, and untouchable by voters.
NO CHECKS. NO BALANCES.
This is not freedom. This is not innovation. This is the complete outsourcing of financial power to entities who already manipulate markets, already influence elections, already profit off war, poverty, and inflation, and now control your money flow, purchase permissions, and digital identity.
THE PSYOP.
They told the world they would stop CBDC… but what they actually did was just privatize it.
THE CONSTITUTIONAL FRACTURE.
Nowhere… nowhere in the US Constitution does it grant private corporations the right to issue currency backed or overseen by the Federal Reserve.
Article I, Section 8, Clause 5 clearly states… “The Congress shall have power… To coin Money, regulate the Value thereof, and of foreign Coin…”
Only Congress has the constitutional authority to create lawful money.
Not BlackRock. Not Circle, Visa, or JPMorgan. And not a private stablecoin cartel wrapped in a Fed sanctioned cloak.
THIS IS ILLEGAL IN SPIRIT AND BY DESIGN.
What they’re doing now with stablecoins is outsourcing sovereign monetary power, privatizing the currency system, and circumventing constitutional oversight. They created a shadow monetary system, immune to Congress, court challenge, or public vote… a new backdoor financial system.
Lions… This NEW System has no constitutional precedent. It never went to the people, has zero direct accountability to the public AND Is being pushed through under cover of distraction.
GM”
Thank you Mark Goodwin! I am just learning about cryptocurrency. I bought Bitcoin in 2017 and did not know much about it. I am 72 years old and not computer savvy. I bought a new iPad and could not access my account on Coinbase. It took 2 years to get access to my Coinbase account because of my inexperience on the computer. As soon as I had access to my Coinbase account, I sold my Bitcoin and Ethereum because I did not have the expertise to navigate that account. Yes, I made a profit but I paid my taxes and was done!