| Can These Two Men Save You from this Crisis?
If you’re worried about the state of the economy and your investments in the market… Then you should watch this jaw-dropping new video below.
Two of the smartest financial minds on the planet came together to discuss the state of the market… And what they both see coming will surprise you.
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Stimulus Checks a Test Run for UBI?
When we pay people not to work, we are just paying them not to revolt. That was the lesson rich dad was teaching me about the Roman Empire.
The Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act, was passed by Congress on March 27, 2020. The $2.2 trillion stimulus package provided relief for Americans and for businesses who were reeling from the effects of the coronavirus pandemic. The package included financial help in the form of stimulus checks of up to $1200 for eligible Americans.
Almost two months later, on May 15, the proposed legislation known as the HEROES Act passed by the US House of Representatives is set to provide another round of stimulus checks to the American people. This package, however, is worth a massive $3 trillion and would increase the size of stimulus checks to individuals and married couples with children, but it also includes rental aid and mortgage relief.
I am almost certain that the proposed HEROES Act will not pass the Senate, but with the rise in the number of positive coronavirus cases, I am certain some amount will still be passed.
Some are saying these stimulus checks are exactly what Americans need, while others fear this a test-run for proposed Universal Basic Income.
In early 2020, Presidential candidates toured the country and lined debate stages pitching socialist-communist ideals, free education, free health care, free childcare, free food, and free money in the form of Universal Basic Income.
The “everything for free” platform would be paid for via MMT, Modern Money Theory. Rather than the Fed printing money and giving money to the banks, many of the socialists want the Fed to print money and give it directly to the people.
In my opinion, we will end up paying for “everything for free” with our freedom.
A Country Must Evolve
Rich dad noted that one of the reasons the Roman Empire fell was because the Romans never evolved from a basic technology of conquering and taxing. If they had evolved, their empire might have gone on for centuries.
Unfortunately, great empires seem to forget that they need to evolve. Spain was also a great nation that grew by taking and not creating. So it too fell from greatness after attaining great power and great wealth. It fell from power because it did not evolve.
My fear is that if we continue down this path to UBI, we stop evolving.
Many companies were born out of necessity during times of economic crisis. People were forced to become creative and solve real problems. But if we start paying people to not work, all the innovation that America is known for will stop. There will be no reason to solve problems if we rely on the government to solve our problems.
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