The Fed. The $4 trillion tax bill. Skyrocketing yields. Has America crossed the point of no return?
Tom DiLorenzo, President of the Mises Institute and one of the fiercest critics of central banking in America, joins Jeremy Szafron to break down the crisis unfolding in real time. From inflation and endless war to collapsing trust in the dollar, DiLorenzo explains how the Federal Reserve enables unconstitutional government expansion – and why he calls it “legalized counterfeiting” and “Marxist by design.”
Key Topics:
-The Trump-backed tax-and-spending bill and the $4 trillion deficit spike
-Why the 30-year Treasury yield breaking 5.1% signals a trust crisis
-How central banking fuels war, surveillance, and authoritarianism
-The Fed’s origins, failures, and the path to abolishing it
-Gold at $3,300 and Bitcoin at $111,000 — is this the end of fiat?
-Why DiLorenzo says “The Constitution is dead — the Fed killed it”
-What Gen Z is learning from Austrian economics and sound money
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00:00 Introduction
01:59 The Federal Reserve’s Role in Economic Instability
03:30 Historical Context and Critique of Central Banking
05:57 The Impact of Military Spending and Government Debt
16:56 Sound Money and Competing Currencies
25:44 The Origin of ‘Dixie’ Currency
26:14 The Demise of Competing Currencies
26:49 Bitcoin vs. Gold: The Future of Sound Money
28:19 The History of Central Banks in America
29:57 The Role of Central Banking in Government Power
39:34 The Potential Collapse of the Dollar
41:03 The Path to Ending the Federal Reserve
45:49 The Rise of Austrian Economics Among Youth
48:21 Conclusion
#EndTheFed #SoundMoney #TomDiLorenzo #MisesInstitute #Gold #Bitcoin #Inflation #Deficit #Trump #Fed #KitcoNews #DebtCrisis #FiatCollapse #Liberty #AustrianEconomics #CentralBanking
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The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.
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29 Comments
Can America end the Fed like it did three times before, or is the system too far gone? Share your take below.
Tom blames the Fed for inflation go figure that for a contradiction
Tom is pro crypto which is pure speculation
I would suggest you ask him about corrupt presidents and want to be dictators
Crypto isn’t sound money!!
Bitcoin served the early adopters well
Excellent interview Jeremy !
Really appreciated the deep & very informative history dive by your very knowledgeable guest.
So true remarks on the Federal Reserve legalized counterfeit right & completely corrupt system….
As said we really need the freedom to choose our currency /money like in the past… and Gold & Bitcoin should be part of the competing monetary systems.
Personally I already started to diversify all my Cash (no more bonds…) between Gold/BTC and better managed countries FIAT currencies (not perfect as still depending somehow on the US$ unfortunately…) such as Swiss Francs & Singapore Dollar. Looking also at energy / natural resources backed currencies from countries such as Kuwait, UAE , Australia & Canada but are the governments well managed & respecting individual property … not so sure yet…
Not so much alternatives yet unfortunately.
You're either lying or stupid
Well gee
How about the effect of the debt on everything
I guess all is well
The U.S. dollar is facing significant devaluation. In contrast, Crypto has emerged as the best-performing asset in history, proving to be an outstanding store of value. A decade from now, you'll likely be grateful for every dollar you invested in Bitcoin.
This man is a legend.Invite him again plz.
Cut the military budget in half. We'd still be the biggest military spender lol.
The US private military, the US big pharma, the Zionists take most of the money in US and nothing left for middle class and poor. No medical, no aged government pensions no housing support for them. Very sad and very scary going forward in the US. 😢
Good stuff.
Great interview 👍!
The states sovereignty and Benifets of competition as a race to the top I believe was an initial intent.
Great history lesson, thank you
The dollar died in 1913 pres.wilson put the federal reserve aka London bank
It's refreshing to hear someone explain the Truth !!
Honestly, this situation makes me uneasy, especially with the potential depression, not just a recession. I'm not sure about my $430K investment strategy given the economic uncertainty.
What was the name of the movie?
Tom is a wealth of knowledge and listening to him is an education. Please bring him back again soon.
20k tax bill to 100 million American households for Ukraine would be 2 trillion. Disingenuous. I will keep my Ukraine bumper sticker. Tom exaggerates and lies.
This guy doesn't understand crypto…. it's about control, sir.
The crazy thing is the Fed is a private company owned by the richest families in the world. How does it make sense to have a private company create money and 'lend' to the government and set the interest rate? The only central bank in the world that isn't private is in Canada.
Why can't we change this game.,this has been going on for a 100 years or more,this is 2025 and still playing stupid wars and govr corruption a 1000 % higher than ever,shut the borders isolate from the world ,lock up all corrupt politicans and try to live,of you think about it we really don't have much timeleft and we;re just pissing it away
I met Tom a few weeks ago at the Mises Institute for the Revisionist History War conference. Great people!🥰
So tired of these Trump sycophants like Tom DiLorenzo who think that Trump, getting richer off of the office of President with his branded cryptocoins, free gifts, (like planes from Qatar) and obvious market manipulations is going to ‘root out corruption’! Get real! Trump is a 2bit, vindictive conman- so believing Trump, as Tom did, discredits Tom’s opinions for me.
This bitcoin/crypto crap is why I no longer support the Mises institute. For all their brain power, they can’t admit that cryptos are just another ridiculous fiat currency. Just sad. Also sad that Kitco and Zero Hedge have fallen right in line with the “new thing”.
He’s right
Nothing will stop the money printing machine – own Gold & Bitcoin (bamboozling) or leave your money to depreciate.