Coffee and a Mike Paul Craig Roberts and Gary Heavin #1320
Feb 25, 2026
Paul Craig Roberts, former Assistant Secretary of the Treasury and longtime economic commentator, and Gary Heavin, entrepreneur and philanthropist who founded Curves, debate geopolitics and money. They discuss the dollar’s resilience and threats to it. They explore digital currency risks, bail-in rules and forced asset grabs. They also tackle US-Israel ties, media influence and controversial political fallout.
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Why Debt Alone Won't Crash The Dollar
- The dollar's durability rests on its reserve status, not just U.S. debt levels.
- Paul Craig Roberts explains central banks' endless demand for U.S. Treasuries sustains the dollar until sanctions or trust remove that demand.
CBDCs Threaten Personal Financial Freedom
- A central bank digital currency (CBDC) would eliminate individual financial autonomy if imposed.
- Gary Heavin warns CBDCs can freeze or reward accounts, creating total behavioral control over citizens.
Who Would Buy U.S. Debt If Foreign Holders Walk Away
- If foreign central banks stop holding U.S. Treasuries, the Fed would have to buy the debt and the dollar could face inflation or loss of reserve status.
- Roberts notes interest Fed receives is largely remitted back to Treasury, muting direct interest burden.