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Ground Zero Media

Show sample for 8/19/25: THE DEBTORS PRISON W/ ALAN JOHNSON

Ground Zero Media

Clyde Lewis

News

4.41.7K Ratings

🗓️ 20 August 2025

⏱️ 8 minutes

🧾️ Download transcript

Summary

The GENIUS Act, requiring stablecoins to be backed by U.S. Treasuries, follows the same funding model as the National Bank Acts; however, it has serious limitations. Stablecoins can bolster the market for U.S. debt, but they won’t tame the voracious interest monster that is consuming the federal budget. When we examine the current economic climate and the daily news, it is clear that there is widespread popular discontent. The impression they give you is that there is no way to beat the system -- that you are stuck in a debtor's prison without any resources to protect what little assets you have left. All points lead to what could be seen as a financial firestorm. All that is needed is one spark, and you will have to decide how to hang on to what little assets you have. Listen to Ground Zero with Clyde Lewis tonight from 7-10 pm, pacific time on groundzeroplus.com. Call in to the LIVE show at 503-225-0860. #groundzeroplus #clydelewis #stablecoins #GENIUSAct #debt #interestrates

Transcript

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0:00.0

You were about to listen to a sample of Ground Zero.

0:02.6

If you'd like to hear the podcast in its entirety, sign up at Ground Zeroplus.com.

0:08.8

I'm Clyde Lewis, and this is Ground Zero.

0:18.6

The numbers to call tonight 503-2-5-0-860.

0:24.8

That's 503-2-2-5-0-860.

0:29.0

I don't know about you, but the conversation lately around the house here in the office,

0:37.1

it's all about money and finances and inflation and the suck.

0:43.2

It sucks.

0:44.0

All of it sucks.

0:46.8

In fact, last night I was discussing debts and other money problems with my producer Sam.

0:51.9

We were so discouraged.

0:55.5

He's been paying out more and more and having to dip into his savings.

0:58.2

So have I, I said, yeah.

1:00.1

I mean, and then what we did is we took out our phones and we compared bank accounts.

1:05.3

And I kid you not, we both have double digits in our bank accounts.

1:10.1

We do.

1:11.2

I mean, I know we have to feed them from time to time, but that's also what savings is about.

1:15.8

So if you have, you know, two digits in your account, I'm not going to say how many he had or out.

1:21.1

We were pretty close, though, right?

1:22.7

Pretty close.

1:23.9

So anyway, I know my account needs refeeding.

1:30.4

And I said it was, I haven't felt this vulnerable since 2008 when the everything bubble burst.

...

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