Interview with Jeremy Cordon

The host of *Part of the Problem* dives deep into the collapse of the U.S. dollar with guest Jeremy Cordon of Goldback Incorporated, arguing that monetary inflation is the defining crisis of our time—worse than foreign policy or political gridlock. Cordon reveals that the dollar has lost 99.6% of its purchasing power over the last century, with gold now priced at $4,500 an ounce compared to $20 in 1920. This devaluation isn’t abstract: it’s why the average first-time homebuyer is now 40, why a $100 bill today buys less than a dollar did a century ago, and why working-class Americans are being systematically impoverished. The conversation shifts to the real danger of central bank digital currencies (CBDCs), which could enable unprecedented financial surveillance and censorship—allowing governments to silence dissent by freezing bank accounts without legal process. Cordon then introduces Goldback, a private-sector solution: microchip-secured gold coins split into 4,000 pieces, each worth the equivalent of a wheat penny. With over 5,400 businesses accepting them across the U.S., Goldback is emerging as a real-world alternative to the failing dollar, offering a way to opt out of inflation and state control. The episode ends on a note of cautious hope: the movement is led by younger Americans, and as the current political generation ages out, a new era of financial freedom may be within reach.