For those of you who don't appreciate the power of the private bankers' "Federal" Reserve, imagine if a group of protected financial interests were allowed to determine the value of your currency. Do you think that Goldman Sachs is interested in building infrastructure or making sure that American workers have access to affordable housing?

Hilary Allen of the American University Washington College of Law warned that under the House "STABLE Act" and Senate "GENIUS Act" promoting stablecoin tokens, those not-so-stable coins will not be limited to issue by banks, but will be authorized to come from the tech giants like Amazon, X, Meta, Google, etc., as was intended by Facebook already five years ago, but stopped. Now, all these tech mega-companies want to get into handling payments and offering deposit accounts.

EIR editor and economics expert Paul Gallagher will join me tonight to explain why the proposed cryptocurrency legislation will destroy the U.S. economy and your life.

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