Trump’s executive orders, backed by hundreds of hours of research, are reshaping the White House with unprecedented scope and speed, potentially leading to a massive shift in economic policy.
The 401(k) alternative investment rule change allows plans to invest in private equity, hedge funds, cryptos, gold, and silver, potentially directing $7,500 or 5% of the average $127,000 401(k) balance into precious metals.
A potential “tsunami of dollars” created to buy long-term treasuries could trigger inflation and dollar devaluation, possibly leading to a monetary reset and new global financial system within years.
The appetite for Bitcoin is expected to skyrocket, with only 7% of all coins currently trading, potentially driving its value to 120,000 times its initial worth.
Tether’s acquisition of a stake in a gold royalty company could significantly boost gold and silver values, especially impacting junior royalty companies if cryptos diversify into these assets.
The U.S. government may possess the world’s largest Bitcoin cache, potentially hundreds of thousands of coins, which could be used to address the national debt through a strategic Bitcoin reserve.
Trump’s demand for 0% interest rates coupled with 401(k) investment flexibility in high-performing assets like gold, silver, and cryptos could spark a spectacular precious metals market.
Left-wing populism, exemplified by politicians like Mandami in New York promising wealth redistribution, is likely to fail as it historically chases away capital, leaving nothing to redistribute.
According to a Bloomberg survey of 92 major banking groups, 300,000 finance jobs could be at risk from AI in the next 5 years, with mass layoffs expected due to Agentics capable of handling complex tasks like financial planning and marketing campaigns.
The net impact of AI on jobs depends on the ease of creating new jobs or expanding existing businesses, as AI automation acts like an escalator, potentially increasing wages for new positions.
A Black Rock study suggests countries with restrictive immigration policies like Korea, Japan, and China will better manage AI-related job losses, as importing low-skilled workers during automation is deemed a recipe for disaster.
The impact of AI job losses will be significant in finance and real estate, which employ about 9 million white-collar Americans, with finance potentially facing hundreds of thousands, if not millions, of lost jobs.
Programming is considered ground zero for AI impact, as one programmer armed with AI can now accomplish what previously required 10 programmers, exemplified by the Doge case where a small team of skilled developers leveraged AI effectively.
The deep state is driven by systemic dysfunction, not bad actors, as bureaucrats and politicians are motivated by incentives and lack of accountability rather than nefarious intentions.
Bureaucrats prioritize budget maximization over ideal issues like liberty and justice, receiving more from public funds than they contribute, leading to a “swamp” where growth is prioritized over ideals.
The lack of economic calculation is a necessary input for cronyism, allowing defense firms to manipulate prices without knowing market value, creating incentives for both sides to maximize payments.
The revolving door phenomenon occurs when individuals move between bureaucracies and regulated industries, gaining technical and political expertise while creating perverse incentives for cost enhancement and mutual backscratching.
The deep state uses media influence to control narratives, insert personnel, and suppress alternative information sources, with advertisers like Pfizer controlling narratives through sponsored content.
Personnel decisions in bureaucracies are used to avoid costs associated with discrimination, as bureaucrats are not residual claimants of their bureaucracy’s revenue, manifesting in issues like VIPs getting shot or planes crashing.
The deep state’s concentration of benefits and dispersed costs leads to a public good problem, where good governance is underprovided and those seeking personal gain form more effective political action committees.
Even if angels were to govern, they would still face the calculation problem of resource allocation, leading to cronyism and inefficiency in decisions like acquiring C17 cargo jets, which remains an entrepreneurial issue.
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