Stablecoins could potentially upset the balance of Treasury issuance

Much of what he says is factually true. However, he doesn’t understand the banking system – not once did he say “fractional reserve banking” which is the actual term for what he calls “banks printing money.”

His main conclusion is that the government’s need to borrow a tremendous amount of money will lead to inflation similar to the 1970s. He mentions that Treasury Secretary Bessent wants to deregulate the banks, enabling them to lend more money. If that happens the banking system will be destabilized.

Would I use this fast-talking guy as a financial advisor? Not likely. :wink:

Wendy

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