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Did Congress Just Break the Dollar? (from the archives)
Manage episode 493660944 series 3666780
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From April 23, 2024.
In this episode, Brian and Sam discuss:
- The recent foreign aid package highlights a disconnect between Congress and the American people.
- The national debt continues to rise, raising concerns about misplaced priorities in government spending.
- The Repo Act could set a dangerous precedent for asset seizure without due process.
- Seizing assets from one country to give to another could undermine trust in the US dollar.
- The US dollar's status as a global reserve currency is at risk due to recent legislative actions.
- Debanking trends are causing countries to seek alternatives to the US dollar.
- Bitcoin is seen as a hedge against government overreach and a means of financial sovereignty.
- The approval of Bitcoin ETFs indicates growing institutional interest in cryptocurrency.
- IRS regulations on unhosted wallets could impose burdensome compliance requirements on Bitcoin users.
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