Peter Schiff

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?

The way this is structured is the government gives you that first thousand dollars and then you're on your own.

So it is similar to a 529 plan where, you know, it's tax advantaged money.