Peter Schiff

And what this points to is that in a sense, some of the stock market gains are a bit of an illusion.

Because if the dollars are worth less and you're valuing it in dollars, then it stands to reason that your store of value is not staying at the same level.

So that's what this chart is trying to establish.

And like I said, this will kind of shift us into this Trump account thing because we're

What this administration has said is, first of all, they're very interested in stock market performance.

It's the one thing that really causes Trump to, you know, I think it's a reason he backed down from his Greenland threats because he saw the market reacting.

He didn't like that and whatever.

And they really talk about as we move into this AI era.

rather than having more progressive taxation, rather than having public ownership of the AI technology, rather than having some sort of universal basic income, their view is, well, why don't we just get everybody more invested in the stock market?

And so then when NVIDIA goes up, you guys, you commoners out there will sort of get the second order gains from whatever your holdings are in the stock market.

That seems to be their view of how to handle the shift

to the AI economy, where the idea is that you are going to be out of a job and you're going to have an even greater consolidation of wealth and power in the hands of a few.

We're already starting to see in some isolated instances, like what we just covered with Amazon, that job loss.

We're seeing an impact on college grads right now.

And so that is the direction that

They think they should push things in.

And I think that is the, you know, the sort of genesis of the idea of these of these Trump accounts and these investments for babies, which are being piloted now.

So the question for me is also around, you know, we have finite resources.

We don't do a lot of social spending.

So what are the alternatives here and who is this primarily going to benefit?