May 23, 2025 Kitco News
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