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 🤔
From the article: "If Jimmy Carter… Bill Clinton… Obama or Biden tapped into it? They would have unleashed a socialist nightmare and destroyed this country.”
So... how exactly would this have "unleashed a socialist nightmare"? I don't see the connection with a wealthy society of Americans and a 'socialist nightmare.' Anyone?
He's saying that those Presidents would have blown the money on big government social programs. Instead of paying off the debt or returning the money to tax payers.
That's one interpretation, but it is directly opposite the interpretation below from "killerspacerobot."
Everybody has lots of money to spend...and no incentive to earn any. Massive inflation. Like the human body on a giant sugar rush, with the insulin shock yet to come.
See above, same reply.