The

The Hey, I'm Whitney Webb and welcome to Unlimited Hangout.

Over the past two episodes of this podcast, we've explored various aspects of the influence

of the so-called PayPal Mafia on the second presidential administration of Donald Trump.

While we've already examined this big tech clicks ambitions for American governance

and health care, we have yet to interrogate their ambitions for finance and currency. This,

for anyone familiar with PayPal's history, and their founding attention to create a quote-unquote

new world currency, is arguably the longest standing and most important driving factor behind the PayPal Mafia's activities over the past several years.

This is particularly true now, as they have gained unprecedented influence over U.S. fiscal policy

during a time when the radical transformation of finance in both the public and private sectors

has been openly admitted by top officials

in government and top bankers on Wall Street.

Figures like former PayPal C.O. David Sachs are now leading the development of the government's

new policies with respect to AI and cryptocurrencies. In doing so, Sachs played an outsized role in the development of the Genius Act,

which passed Congress and was signed into law by the president last week. Sacks notably claimed

in 2017 that crypto and Bitcoin in particular were fulfilling PayPal's original New World

Currency ambitions, though allegedly in a quote-unquote decentralized way,

as opposed to PayPal's originally intended goal of centralization.

However, as we'll explore today, the system that has been developed largely by the PayPal

mafia in their ilk over the past two decades plus, cleverly cast this new world currency system that

unites Bitcoin with dollar stable coins as quote unquote decentralized and is less Orwellian than a

central bank digital currency or CBDC. This posturing is incredibly misleading as centralization

...