Rebel Capitalist News I Can't Believe Trump Just Did This...
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May 30, 2025 The discussion kicks off with Donald Trump's intriguing proposal for tax-free accounts aimed at newborns, hinting at a shift toward central bank digital currencies (CBDCs). Concerns about government control and inflation risks take center stage. Delving deeper, the hosts warn of the dangers posed by CBDCs, including potential surveillance and the erosion of personal freedoms. The exploration of transaction monitoring and social scoring raises vital questions about the future of financial privacy, especially as conversations about universal basic income gain traction.
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Trump's Baby Accounts Fuel CBDC
- Donald Trump's program to give $1,000 into accounts for newborns creates infrastructure for a CBDC.
- Many politicians oppose CBDCs without understanding the mechanics, inadvertently supporting them.
Government-Controlled Automatic Accounts
- Government automatically creates accounts for children if parents don't open one, usually at the Treasury.
- This setup consolidates control and leads to implicit government management of these funds.
Trump Accounts Inflate Stock Market
- Money in Trump accounts is invested in stocks, creating an artificial bid to prop up the stock market.
- This benefits government narratives about economic success despite potential market distortions.