Trump Becomes Sugar Daddy?

Steve Mnunich states it was his idea to put Trump's name on the stimulus checks most of us have received. This worked to win over voters and temporally placate the masses. However, with millions of Americans losing their jobs every week, a mere $1,200 check sent out one time can only do so much. Therefore, two democrats have proposed a new bill that would give middle-class Americans $2,000 every month for a year:

$2,000 Monthly Stimulus Check Eligibility:

• Every American age 16 and older making less than $130,000 annually would receive at least $2,000 per month.
• Married couples earning less than $260,000 would receive at least $4,000 per month.
• Qualifying families with children will receive an additional $500 per child – for up to three children.
• Those who had no earnings, were unemployed, or are currently unemployed would also be eligible for the stimulus even if they didn’t file a tax return.
• Those who were not eligible in 2019 or 2018 but would be eligible in 2020, could submit at least two consecutive months of paychecks to verify income eligibility.

Despite Andrew Yang's failed presidential campaign its chief idea has started to gain a foothold on the political scene-UBI. I have said this before. President Trump will more than likely use Yang's idea to garner support from his now "enemies." 

The question one must ask now is how much will this affect Americans' actual wealth? I.e. how will this affect prices on goods and services? Also, will this pave the way for digital currency? If so, that could mean negative interest rates will hit your checking account. History shows us that fiat currency always collapses, and the American dollar's demise is already written on the walls. However, if this passes, it would be wise to spend that government check on precious metals and cryptocurrency. 

Safe Haven turned Prison

Banks, at least for my generation, have been thought of as a safe haven to store your cash. This makes perfect sense considering the risk one takes by storing their cash at one's house. Therefore, it is prudent to give these large institutions one's money; who in return, use that money to let others borrow, and the interest rate on that money is how they make money. However, economic downturns cause people to withdraw their money due to ambiguity surrounding the bank's longevity. Disregarding the convenience aspect of depositing Trump bucks directly into one's bank account, this, in my opinion, is a tool the government is using to prolong a run on banks. Trump buck's will be nothing but numbers on a screen that will never materialize into tangible cash. Big brother is always there to help out its younger siblings. Hence the rapid spike in the stock market. Remember the government is not your savior; their survival is contingent upon submission.