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Rebel Capitalist News

News: RFK Wants To Back The Dollar With This...

Rebel Capitalist News

George Gammon

Investing, Business

4.71.1K Ratings

🗓️ 25 July 2023

⏱️ 14 minutes

🧾️ Download transcript

Summary

The Rebel Capitalist helps YOU learn more about Macro, Investing, Entrepreneurship AND Personal Freedom.

Transcript

Click on a timestamp to play from that location

0:00.0

Hello, fellow Robocapagos, hope you're well. So wanted to go over some news, breaking news from today,

0:06.4

yesterday, RFK comes out and says that he wants to back the dollar and potentially T bills by platinum, gold, silver, Bitcoin, or a combination of all four,

0:21.8

or maybe just one of them. So let's go into this and see what he's

0:25.4

referring to everyone's super excited about this on social media and Twitter

0:30.9

so let's dive into this, go over what he's proposing, and then kind of think

0:36.9

through how it would work. First and foremost, title here, going to Zero Hedge,

0:41.6

presidential candidate RFK

0:43.2

junior press release on Bitcoin and gold policy. My plan would be to start

0:46.4

very, very small, perhaps 1% of issued T bills would be backed by hard currency by

0:50.4

gold, silver, platinum, or Bitcoin. So I guess he had some interview with Heal the Divide hosted events,

1:00.4

Bitcoin Leadership Meeting at Freedom Fest, and let's get into the gist of what he's

1:06.0

referring to.

1:07.6

So in his remarks, Democratic Prudential presidential candidate, RFK Jr. stated that he was so pleased to be among the

1:13.4

Thousand American Freedom Fest, okay, yeah. And let's see, expert shared his vision

1:18.7

that ensure Bitcoin's sustainability. He also talked about how he would he would not have capital

1:28.6

gains tax on Bitcoin. So he would exempt Bitcoin from capital gains tax and he said he wanted to do this to make sure

1:36.9

that there was a lot of that that all of the technological advances within the Bitcoin ecosystem

1:45.9

would stay on shore and not go offshore

1:49.6

where it's taxed at a better rate. He mentioned the United States doing something like this

1:56.6

in the 1990s with the tech boom and he mentioned how that worked well so he was thinking about doing the exact same thing with

2:04.4

Bitcoin. So that's on the tax front but here's where he gets to talk about actually backing

2:10.5

the dollar and then treasuries as well which is really interesting.

...

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