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Scott Bessent announces the launch of the "Trump" Account of $1,000 with compounded interest for 18 years
This sounds like another Franklin Delano Roosevelt New Deal Scheme like Social Security, except it's a little trust account. Does anyone think the accounts and the interest that are compounded will even keep up with the inflation that this and perhaps future Administrations will be giving us? Doubt it. This is just going to force more people on the Digital Currencies that's what this is. The dollars are erroding much more quickly in value than the interest rates can keep up with compounded annually. It's just another gimmick from a gimmick Administration, which seems to just be full of gimmicks. They gimmick peace deals, they gimmick 50-year mortgages, they gimmick price reductions, etc.
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