GENIUS Act Becomes Law. Stablecoins Are a Tool for Financial Warfare and Land Grabs
Fitts said that stablecoin is a way to turn on helicopter money like you have never seen it turned on before. She added, “the guys who control how that money flows can literally buy up the world.” Mark Goodwin warned against the tokenization of real world assets, including land and nature.
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China has been dumping US treasuries, while Trump has been gunning for Jerome Powell at the Fed, and central bank digital currency (CBDC) was banned by Congress. Trump signed the t
Catherine Austin Fitts criticized stable coins as a backdoor to CBDC. Here are a few short videos from Catherine Austin Fitts and Mark Goodwin:
Blockchain is simply a ledger/ accounting system. Mark Goodwin said that digital money can be traced in that public ledger and can be used as a tool for warrantless surveillance.
He explained that a cash dollar bill can only be spent by an individual once because it is given away, whereas a digital dollar could be represented on two separate ledgers that will create more money [and fraud].
Catherine Austin Fitts said that stable coins are the new tool for financial warfare and and a great land grab. She said that stable coin is a way to turn on helicopter money like you have never seen it turned on before. She added, “the guys who control how that money flows can literally buy up the world.”
Digital currencies are not tangible and can be destroyed.
Goodwin warned against the tokenization of real world assets, including land and nature.
A critic wrote, “What is the difference between between stable coin and CBDC? They’re both digital currencies, which is bad in the long term. According to the GENIUS Act, it will eliminate paper bill at the federal level. So what do you think it is going to happen later down road in state level? Cashless.”
from: https://needtoknow.news/2025/07/genius-act-becomes-law-stablecoins-are-a-tool-for-financial-warfare-and-land-grabs/