Vietnam Freezes 86 Million Bank Accounts

“You’re going to have a financial panic of unprecedented proportions,” warns Jim Rickards, NYT bestselling author. The trigger? Stablecoins and unregulated digital assets baked into the so-called Genius Act. Rickards points to Vietnam’s mandatory biometric IDs and account freezes as the model—a “trial run” for centralized digital control. Once adopted, governments can monitor, freeze, or confiscate funds at will.

When confidence cracks, holders will dump stablecoins, sell Treasuries, and rush for cash. AI will only accelerate the stampede. “The best definition of a crisis is when everybody wants their money back,” Rickards says. This time, the exit doors may slam shut.

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