Jim Rickards is sounding the alarm on what he’s calling the “greatest cover-up in American financial history.” According to Rickards, a $150 trillion “national trust” as he calls it—hidden for over 160 years—could soon be unlocked, thanks to a quiet but pivotal Supreme Court decision.
(www.globenewswire.com)
🧐 Research Wanted 🤔
If the wealth is in the form of minerals, then they have to be extracted and sold in order for a family to recieve the wealth. If the minerals extracted become more available and numerous, the value goes down. If you give everyone in America a million dollars, no one is any wealthier. A dollar is just a claim on a good and no additional goods are produced if dollars are printed, it'll just take more dollars to acquire that good, all else being equal. I wouldn't get too excited by this news. The US may have a competitive advantage over other country's and their available minerals, which is good in the long run. But I don't see any mechanism for an immediate wealth gain for your average joe.
The most likely scenario is the government auctions off the mineral rights to private investors, and the money received from the auction is used to eliminate taxes. No additional money is printed. And as the minerals are mined, new additional goods are created. So the average Joe absolutely does benefit from it immediately in the form of reduced taxes. That's assuming we can keep a corrupt Congress from just spending the inheritance on additional grift.
Ok i 100% agree that this is how it works but can someone explain why if you give everyone one million dollars and everyone just kept their prices the same why it wouldnt work? Why do goods HAVE to cost more just because there are more dollars? Hypothetically If suppliers and retailers all agreed to maintain their prices how would it not work?
Same as printing money and putting into circulation. Inflation rises and price of goods and services increase. Could you imagine everyone gets a million bucks in the mail? People would be spending like crazy and you wouldn’t find a new vehicle or a house so demand skyrockets but supply is not there so prices go up to the moon. The value or purchasing power of the dollar plummets. That’s my simple answer 🤷♂️
I have heard different plans, including the government setting up accounts for citizens. Here’s how it could work and not cause prices to go inflationary. If you need the money from your account right away (to buy a house in one of the new cities to be built, to buy a farm from the ones taken back from Gates & China), or to start a new factory & bring back manufacturing here.
Some anons can start a new university to replace woke ones. Woke attorneys can be replaced with based AI and simplified laws so that attorneys no longer get exorbitant fees. Deflation right there.
For those have your own place, and you don’t need the alll, much, or any from their account right away, the savings account gets held in trust for their benefit for medical emergencies & retirement, or college for family mmbers.
And here’s the freedom element: some will be buy a sports car (if available) and if a million people all want sports cars right away, due to scarcity inflated prices might happen. Freedom of choice. Accounts could be $250k or $350k right away. Pres. Trump is wise. He can give citizens the option to take their full share right away and set forth option b) keep half of that in your savings trust account = —-> grows to $400k in 10 years, $500k in 15, & $699k in 20.
We will have pockets of inflation and deflation. Imagine if only citizens get accounts, 1/3 to half of illegals leave the country, so 15 mill. out of 30 to 45 mill. leave or are made to leave. There will be a lot of empty spaces in big cities, bringing down prices for housing.
Lol because supply and demand. If they all agree to keep the same prices, all the goods would sell out and their would be a shortage, which would allow grifters who saw it coming and hoarded all the goods to charge insane rates, thus raising the prices anyway.
and, from asking Grok, I think the $150T is not very realistic. A few trillion might be.