Vietnam Ices up 86 Million Financial Institution Accounts Overnight, US is Next Under Genius Act: Jim Rickards

The Daniela Cambone Program Sep 19, 2025

“You’re going to have a financial panic of unprecedented percentages,” cautions Jim Rickards, NY Times bestselling writer, describing the threats postured by stablecoins and unregulated electronic assets made it possible for by the Genius Act. He points to Vietnam’s required biometric IDs and mass account ices up as a “trial run” for centralized digital control, and cautions that comparable systems could make it simple for governments to monitor, ice up, or seize money. “The time will certainly come when individuals want their money back. The most effective interpretation of an economic situation I have actually ever heard is everybody desires his cash back,” he states, asking for a work on banks increased by AI. stablecoin holders, he describes, will certainly sell treasuries to redeem their cash, possibly activating a market freeze and unprecedented turmoil in the monetary system.

Could the supposed “Wizard Act” be the biggest economic Trojan Equine in U.S. history?

Backed by Washington insiders and sold as “advancement,” this legislation connections stablecoins directly to united state financial debt — a setup that channels worldwide money into Treasuries while offering personal sponsors endless take advantage of.

But as Jim Rickards alerts, this is much less regarding monetary stability and even more regarding establishing the stage for currency decrease, asset seizure, and electronic control And the clock is ticking.


Stablecoins: The Hidden Engine Behind the Genius Act

  • Stablecoins are marketed as “risk-free”– worth one buck, constantly redeemable for one buck.

  • In reality, sponsors get united state Treasury bills with capitalist down payments and pocket the return.

  • Financiers get no return , while sponsors obtain limitless earnings at near-zero expense.

Rickards mentions: this is essentially an unregulated money market fund. Unlike typical funds, these issuers are hardly investigated, lack transparency, and face no significant oversight.

The risk: one scams– or one panic– can stimulate a operate on the system , requiring stablecoin sponsors to dump Treasuries right into a delicate market.


The Financial Debt Situation Story: Russia vs. Truth

Doubters– particularly from Moscow– declare stablecoins are America’s hopeless attempt to prop up a falling down Treasury market.

However Rickards dismantles this narrative with hard data:

  • The U.S. Treasury’s TIC report programs international holdings of Treasuries continue to be stable.

  • Reserve banks are not “dumping” dollars– they’re clambering for them to protect their very own currencies.

  • Yes, central banks are buying record levels of gold. Yet they’re including , not changing, Treasuries.

The actual danger isn’t dumping– it’s buck lacks , hidden beneath the headings.


The Gold Variable: Why Nations Are Hedging

  • Considering that 2010, central banks have been web customers of gold

  • Russia currently holds over $ 150 billion in gold bullion , immune from Western sanctions.

  • Allies and competitors alike see what occurred when the united state iced up $ 300 billion of Russian Treasuries — and they’re hedging with physical gold.

This is why Rickards anxieties: gold isn’t simply a bush, it’s currently functioning as the BRICS settlement money


The Looming Stablecoin Panic

Background is clear:

Now think of that exact same dynamic– only bigger, quicker, and unregulated.

Stablecoins might ignite a run on Treasuries the Fed may not want (or able) to stop. As Rickards alerts: “Prepare for a monetary panic of unprecedented percentages.”


From Vietnam to Washington: The Digital Trap

The Brilliant Act does not just prop up debt– it leads the way for electronic control.

  • Vietnam froze 86 million checking account overnight using biometric IDs.

  • The U.S. is silently creating Fed-backed digital rails, also as political leaders claim to oppose CBDCs.

  • When ingrained, stablecoins could work as the gateway to account seizures, debanking, and monitoring.

As Rickards candidly places it: “Don’t consider stablecoins as cash money. They’re not.”


Gold & & Silver: Genuine Wealth Conservation

While politicians designer economic sleight of hand, physical assets continue to be the only unconfiscatable store of worth.

  • Gold vs. Dollar: Gold has actually surpassed the buck whenever count on government debt fails.

  • Tangible Properties: Unlike Treasuries or digital tokens, gold and silver can’t be iced up with a keystroke.

  • Wide range Preservation: For centuries, rare-earth elements have actually outlived political upheavals, defaults, and declines.

In Rickards’ words: hold money in safe financial institutions, yet anchor your profile with silver and gold.


Conclusion

The Brilliant Act is being sold as “development.” Actually, it’s an uncontrolled debt device that dangers stimulating the following economic panic– while opening the door to security and control.

History reveals that paper assures fail. Substantial properties withstand.


Regarding ITM Trading

ITM Trading has more than 28 years of experience aiding clients safeguard their wealth with personalized strategies built on physical gold and silver. Our team of experts supplies research-backed assistance tailored to today’s financial dangers.

THINKING ABOUT ACQUIRING GOLD & & SILVER?
Obtain specialist advice from our team of experts with 28 + years of experience.
[SCHEDULE YOUR CALL HERE] or call 866 – 706 – 9061

Leave a Reply

Your email address will not be published. Required fields are marked *