Trump Says Tariff STIMULUS Checks Coming…

We also might make a distribution to the people almost like a dividend. >> Hey everyone, welcome to the show. So, President Trump said in an interview this weekend with O that he wants to send checks out to the American people again. Now, there is a bit of background on this. We first had the idea of the Doge dividend suggested by James Fishbach, which was to use 20% of the savings made by the Department of Government Efficiency or Doge and give those back to the American people in the form of a stimulus check. Fishbach shared the idea on Twitter or X as I guess it's now called and Elon who was running Doge at the time seemed to agree. Trump then gave his support to the idea as well. >> There's even uh under consideration a new concept where we give 20% of the Doge savings to American citizens and 20% goes to paying down debt. >> But later this seemed to fizzle out. Doge has only reported about 200 billion in savings so far, a lot less than the expected two trillion in Fishbach's proposal, which would give the amount of money needed to give 20% back to the American people in the form of $5,000 checks, which is what he was proposing. And when the big beautiful bill passed earlier this summer, which is the bill that everyone thought would include Doge stimulus checks, well, there was nothing about stimulus checks in the bill. But now Trump has floated the idea again or a similar idea. But this time it isn't a Doge stimulus. It is a tariff stimulus check. I.e. using a portion of the revenue that is being brought in by tariffs and giving that back to the people. Have a listen to what Trump said in his interview with O this weekend. >> We'll pay back debt, but we all we also might make a distribution to the people almost like a dividend to the people of America. >> How much are you thinking for that, sir? Well, we're thinking maybe a,000 to $2,000. >> Now, if he's being this persistent and already talking about numbers, I get the feeling that he thinks this is something that he really wants to happen. All right, maybe they started the conversation last time when we were talking about the whole Doge dividend check thing and it's been going on behind the scenes until now. But is it really realistic? Well, tariffs are projected to bring in somewhere around $400 billion this year. Okay. How much would it cost to pay, say, $1,000 check to everyone in the USA? Well, the population is $340 million. So, a $1,000 check would be 340 billion. But in reality, not everyone would be eligible since that number includes non-citizens. And then maybe it would only be for people over 18 or for taxpayers. If it was for people over 18, that's 266 million people and thus it would cost $266 billion. We're already getting it down a bit lower, but that's still over half the projected revenue from tariffs this year. If it was one check per household, there's 132 million households in the US. So, it would be $132 billion if it was $1,000 check, and it would be uh $260 billion if it was a $2,000 check. So, you can see it is possible, but they'll probably have to work out the details. Maybe they'll do it across two years instead of one. I remember when they did the stimulus checks though back during co they started mentioning them and they were mentioning them again and again and then it actually happened quite quickly since this time Trump is actually proactively mentioning it himself not like with the last time the doge dividend where it was like other people suggesting it and him reacting to it. I think it signals that he really wants it to happen. One additional impact of this though is a surge in the price of Bitcoin. Look at this Forbes headline. Perfect storm. Bitcoin suddenly braced for a massive price shock after surging to all-time high over $125,000. So, at the weekend when Trump made these comments, the price of Bitcoin did hit an all-time high again. Now, it was trading upwards anyway. But maybe Trump's comments have something to do with it. Since if you flood the economy with money like with a stimulus or like what they did during COVID, the logical thing to assume is that you will get inflation and thus people will flock to assets like Bitcoin and gold to preserve their wealth. Some will even invest those stimulus checks in Bitcoin. So, we saw a little surge this weekend, but Forbes is saying that if Trump actually goes ahead and issues these checks, expect the price of Bitcoin to skyrocket. And they quote a load of studies in the article and stuff. I'll put a link somewhere below so you can read it. So, there are two ways that you can profit here, though. One is that you'll get a check. All right? If it happens, but also by holding some Bitcoin, you can expect that price to go up if he actually issues the checks. All right? And so, if you don't have any Bitcoin yet or you don't have an account that is a crypto brokerage account where you can buy some Bitcoin, I'll put a link to Gemini down below. They're my favorite crypto exchange. They're the most by the book, okay? So, I feel very safe keeping my crypto with them or buying crypto through them. If you sign up through my link down below and just trade $100 of crypto, any cryptocurrency, whatever you want, they will give you $50 in the crypto of your choice. Personally, I would take that $50 in Bitcoin. Then, if we do get this big price move, you'll be poised to capture some of that. Just in the last year, Bitcoin has doubled in price and it really could go a lot higher. So, if you did go and buy $100 worth of Bitcoin through Gemini, that would then trigger the free $50 that they give you as part of this deal. deal. So then you have $150 in Bitcoin. Well, if it did double again, then you'd have $300. Anyway, click the link below in the description if you want that deal. Obviously, Bitcoin can have wild swings in price, so don't be alarmed if it goes down before it goes up. Interesting thing is though, I don't even know if a check from tariff revenue will cause inflation since you're not printing new money. All right? You're just taking money from one area of the economy and you're reallocating it to another. Don't quote me on that. see what other experts are saying. Okay, make up your own mind about this. But it isn't like what we did during COVID when we printed like $6 trillion or something, [Music] but the perceived effect may still drive moves in assets like Bitcoin. Anyway guys, that is the video. Hopefully, we will know more about this whole tariff stimulus check thing soon. We will obviously report the latest update on it when we do know more. 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