Schectman: 'Genius... and Diabolical' – The Act That Could Rewrite the Dollar System
Schectman: 'Genius... and Diabolical' – The Act That Could Rewrite the Dollar System
Miles Franklin Metals: 9-23-2025
Michelle Makori, President & Editor-in-Chief of Miles Franklin Media, speaks with Andy Schectman, Founder & CEO of Miles Franklin Precious Metals, about the controversial GENIUS Act and its potential to transform the global financial system.
Schectman and Makori call it “genius… and diabolical” – a Trojan horse that could create synthetic demand for U.S. Treasuries via stablecoins, while quietly laying the groundwork for a new monetary order anchored in gold.
They also discuss the gold angle, with crypto company Tether, the creator of the world's largest stablecoin, pivoting towards the precious metal.
In addition, Schectman weighs in on Russia calling out what it calls a U.S. plot to erase $37 trillion debt with crypto reset. In this cut:
The GENIUS Act explained: stablecoins backed by Treasuries
Why Schectman says it’s both genius and diabolical
Tether’s surprise gold pivot: mining, refining, and royalties
Russia’s warning: a “crypto scheme” to erase U.S. debt
How gold is becoming the ultimate anchor in the reset
00:00 Introduction to US Treasuries and Stable Coins
00:57 The Role of Gold in the Crypto Ecosystem
04:29 Concerns About the Genius Act and CBDCs
06:25 Global Reactions and Implications
09:21 The Future of Gold and Bitcoin
13:56 Signs of a Monetary Reset