Benjamin Button Bonds

The REAL problem with Baby Bonds: They get everything backwards. Author: Chris Campbell [Altucher Confidential] August 17, 2023 [WEBSITE]( | [UNSUBSCRIBE]( The REAL problem with Baby Bonds: They get everything backwards. [Hero_Image] Benjamin Button Bonds Pentagon City “BOMBSHELL” Just Dropped There are two things I believe could change your life in the coming months. - A major financial war could be set to go nuclear just a few weeks from now - A [special strategy]( my team has developed that historically could have allowed investors to take home profits 50-100 higher from these Currency Wars than what most people get trading stocks But with these Currency Wars playing out as we speak, and my live recording set to come down at any moment. You may not have long to prepare. [So click here to see an urgent rebroadcast of my announcement.]( [Chris Campbell] CHRIS CAMPBELL Dear Reader, Benjamin Button was born an old man and aged backward. He became younger as time progressed… Until he eventually becomes a baby at the end of his life. Strange idea. Even weirder to see Brad Pitt do it in action. I was reminded of this story when word got out that states around the US are implementing a new type of bond. They’re calling them “baby bonds.” But I prefer Benjamin Button Bonds. The idea: Each child born is given thousands of dollars in an account by the government. Over time, that money grows. By the time they’re an adult, that money will be enough to give them a good start in life. What does it have to do with Benjamin Button, you ask ? I’ll tell you in a moment. First, crucially… It’s Happening The idea was first floated by economists William Darity and Darrick Hamilton in 2010 -- as a mechanism to reduce the racial wealth gap in the United States. From there, this fringe idea rapidly snowballed into policy. Senator Cory Booker introduced legislation in 2018 and again in 2021 with what’s called the "American Opportunity Accounts Act." Booker’s proposal? Give each baby $1,000, with annual deposits of up to $2,000 based on family income. He estimated that someone born in a family under the federal poverty level would have $46,000 by 18. As of February 2023, baby bond proposals have passed in Washington, DC, Connecticut, and California. They’ve also been introduced at the federal level and in eight additional states. Yes, there’s precedent… In 2002, the UK government introduced the Child Trust Fund program, where every newborn child received an initial deposit from the government, and parents, family, and friends could also contribute. And yet… the program was all but discontinued for new accounts in 2011. (Wonder why.) [pub] Governors warn of “Biden Blackouts” [James Altucher]( A former advisor to the CIA and Pentagon just made this dark prediction: Calamity Joe’s sabotage of the Nord Stream pipeline [His Evidence Here]( was suicide. In the next 75 days, Americans will face fuel shortages… …widespread BLACKOUTS… …empty grocery shelves… …up to $1000 energy bills… …drained retirement accounts, and… …a massive crime wave. [>>Welcome to Biden’s American Energy Armageddon<<]( The Bigger Problem While Baby Bonds sound nice on paper -- just like Universal Basic Income -- the devil’s in the details. It MIGHT be good if it meant we would reduce overall spending. (Fat chance.) It MIGHT be good if it decreases inflation. (Ditto.) What are the unintended consequences? What dire incentives will this create? Won’t it make inflation way worse? All of those are good questions. BUT… They don’t hack at the root. The REAL problem is this: Baby Bonds get everything backwards. And it means the difference between dystopia and prosperity. More tomorrow… [HINT: While universal basic income schemes are gaining in popularity, the dollar teeters on the edge. On Tuesday, August 22nd, our colleague expects a $7.5 trillion global economic shockwave to hit the currency markets. Fortunately for you, he’s hand-picked THREE currency trades he believes are set to be the BIGGEST WINNERS of the incoming “currency contagion”. [Click here to check out his latest research]( Until next time, [Chris Campbell] Chris Campbell For Altucher Confidential New “WiFi Crypto” Token is Going NUTS! Only a handful of crypto investors know about this… But there’s a tiny, affordable device… That’s paid investors real crypto – every day, with zero work… Just for having a working WiFi connection! It sounds crazy, but it’s true… And [this 3:28 video]( explains everything. [Click here to view it NOW](. [Paradigm]( ☰ ⊗ [ARCHIVE]( [ABOUT]( [Contact Us]( © 2023 Paradigm Press, LLC. 808 Saint Paul Street, Baltimore MD 21202. By submitting your email address, you consent to Paradigm Press, LLC. delivering daily email issues and advertisements. To end your Altucher Confidential e-mail subscription and associated external offers sent from Altucher Confidential, feel free to [click here.]( Please note: the mailbox associated with this email address is not monitored, so do not reply to this message. We welcome comments or suggestions at feedback@altucherconfidential.com. This address is for feedback only. For questions about your account or to speak with customer service, [contact us here]( or call (844)-731-0984. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized financial advice. We allow the editors of our publications to recommend securities that they own themselves. However, our policy prohibits editors from exiting a personal trade while the recommendation to subscribers is open. In no circumstance may an editor sell a security before subscribers have a fair opportunity to exit. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. All other employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of a printed-only publication prior to following an initial recommendation. Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Altucher Confidential is committed to protecting and respecting your privacy. We do not rent or share your email address. Please read our [Privacy Statement.]( If you are having trouble receiving your Altucher Confidential subscription, you can ensure its arrival in your mailbox by [whitelisting Altucher Confidential.](