This Is Why Gold Is Rising While the Dollar Falls Apart

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Nov 22, 2025

In this thought-provoking conversation, precious-metals expert Andy Schectman dives into the shifting sands of global finance. He explores how the Genius Act and Treasury-backed stablecoins could reshape the U.S. dollar system. Schectman highlights the soaring demand for gold amidst banking fragility and discusses the U.S.'s strategic moves to secure critical minerals. The podcast also touches on the implications of reshoring, inflation risks, and the erosion of trust in the banking system that could spell deeper economic challenges.

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INSIGHT

Stablecoins Create Synthetic Treasury Demand

The Genius Act creates synthetic demand by requiring stablecoins to be backed by short-term U.S. treasuries.
That backing funnels new dollar movement into treasury purchases and pushes front-end rates down synthetically.

INSIGHT

Issuers Capture Treasury Interest

Stablecoin issuers keep the interest earned on treasuries that back coin movement instead of passing it to holders.
Firms like Tether are using that retained interest to accumulate gold and Bitcoin at scale.

INSIGHT

Debasing Currency To Reshore Manufacturing

Debasing the dollar by raising gold prices can make U.S. exports more competitive and support reshoring.
The plan links synthetic front-end demand with a potential long-end gold peg to revive manufacturing.

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In this explosive conversation, Jay sits down with Andy Schectman to break down the biggest monetary shift happening beneath the surface of global finance. Schectman explains why the newly passed Genius Act and the rise of Treasury-backed stablecoins may be quietly restructuring the U.S. dollar system. They dig into gold’s explosive institutional demand, America’s pivot toward state capitalism, the government’s race for critical minerals, and the dangerous cracks emerging in the repo market that signal deep fragility across the banking system. https://x.com/MilesFranklinCo https://milesfranklin.com/ https://www.youtube.com/@MilesFranklinMedia Learn to invest alongside the top minds in commodities. Join The Commodity University today. CLICK: https://linkly.link/26yH8 Sign up for my free weekly newsletter at https://2ly.link/211gx Be part of our online investment community: https://cambridgehouse.com https://twitter.com/JayMartinBC https://www.instagram.com/jaymartinbc https://www.facebook.com/TheJayMartinShow https://www.linkedin.com/company/cambridge-house-international 00:00 – Why Stablecoins Could Reshape the U.S. Dollar 12:31 – What Does “Interest Not Transferable” Actually Mean? 14:50 – Does America Need a Weaker Dollar to Reshore Manufacturing? 16:11 – Would Reshoring Trigger a Massive Inflation Wave? 19:58 – Is Pharmaceuticals the Next Front in the Trade War? 21:06 – Why Is the U.S. Buying Stakes in Mining Companies? 28:14 – Is America Shifting Toward State Capitalism? 29:16 – Is There Coordination Between the Treasury and the Fed? 29:43 – What’s Really Happening in the Short-Term Treasury Market? 33:41 – Why Are Banks Refusing to Lend to Each Other? 37:02 – Is the Fed Quietly Repeating 2008 and 2019? 40:04 – Is This Just QE in Disguise? 42:21 – What’s Causing the Breakdown in Trust Between Banks? 46:41 – Should Anyone Hold Long Bonds Right Now? 46:56 – Did the Government Shutdown Reveal Something Bigger? 52:31 – Is Gold Finally Entering a Real Bull Market? Copyright © 2025 Cambridge House International Inc. All rights reserved.