By Greg Hunter’s USAWatchdog.com - July 16, 2025

Analyst and financial writer John Rubino has been warning of a currency crisis, especially since the so-called Big Beautiful Bill passed Congress. President Trump signed it into law on the Fourth of July. America’s credit was downgraded, and we are now set to explode the deficit $20 trillion in the next 10 years. That will be inflationary, but before we get there, we will have a crushing crash in home prices. Right now, the residential home market is rolling over with inventories surging and prices about to collapse. Rubino says, “You get this huge increase in inventory in the housing market. In other words, homes for sale go way up, but still, nobody can buy them. Then people really panic, and they start cutting the asking price of their house really dramatically until prices fall to a place where people can afford them again. In today’s market, that means a 30% to 40% drop in house prices. We are at the very beginning of that right now. . .. In the next couple of years, you are going to see home prices drop, and then the drop is going to become disorderly. Then you are going to see bankruptcies really hit housing.”

This week, a new bill is making its way through Congress and it’s called the GENIUS Act, (Guiding and Establishing National Innovation for U.S. Stablecoins Act). This act will set the rules for crypto currencies such as stablecoin. This is a coin designed to “hold the value of the cryptocurrency steady in a variety of ways.” One way is to have actual collateral to back up the stablecoin. The benefactors will be Treasury bonds, crypto currencies and physical gold and silver. Rubino says, “Tether, who started the big Treasury stablecoin, also started a gold stablecoin. They bought a bunch of gold and put it in a vault, and then their tokens trade as if they are worth a fixed amount of gold. It feels like you are trading gold . . . but Tether has to have that gold in a vault. . .. If this concept gets popular, this will be a big demand for gold because you will have all the stablecoin creators out there buying gold and storing it in vaults. . .

[SNIP]

There is more in the 48-minute interview.