Rebel Capitalist News Trump Announces New Round Of Stimmy Checks
10 snips
Jun 10, 2025 The discussion kicks off with Trump's controversial proposal of financial incentives for newborns, raising eyebrows about potential central bank digital currency and universal basic income. The shift towards CBDCs is examined, focusing on the implications for dollar stability and government control over personal finance. The implications of bank reserves in this new landscape are scrutinized, alongside the increasing relevance of precious metals like silver in today's market. The potential fallout from rising unemployment due to AI advancements adds another layer of complexity.
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Free Money Prepares CBDC Path
- Trump's new free money initiative appears to inadvertently set the stage for a central bank digital currency (CBDC) and Universal Basic Income (UBI).
- Understanding the financial system's mechanics reveals potential long-term monetary shifts behind such policies.
Corporate Contributions Seek Favor
- Corporations pledging matching contributions to newborns' Trump accounts aim to curry political favor, not just act in employees' interest.
- This reflects common political dynamics regardless of the party in power.
Automatic Newborn Investment Setup
- Trump accounts automatically enroll newborns with $1,000 invested tax-free, intended to encourage childbearing and education savings.
- However, automatic setup and funding raise questions about account management and funding sources.
