Trump Accounts for Kids -The What If
Trump Accounts: A Historic New Legacy and the Reality of a Changing Global Order
Trump accounts are being introduced as a historic new savings tool under President Trump's Working Families Tax Cuts Act.
Treasury Secretary Scott Bent recently announced these accounts with great enthusiasm, and this truly is a major contribution and achievement by the Trump administration.
The "What If": A Shifting Geopolitical Landscape
But here is the "what if." All of these impressive numbers assume that the S&P 500 will behave in the future exactly as it has in the past 75 years. Trump accounts are built on that one assumption: that the American market, the S&P, and the dollar keep their same role in the world.
We are not in that world anymore. We are in a changing order. There are several developments already underway that are likely to short-circuit those S&P assumptions in just a few years. I'll name just two:
The European Union's Capital Markets Union and Banking Union: Together, these are designed to create an integrated capital market for the EU—essentially, an S&P-style system for Europe. As the EU completes its single market, boosts its GDP, and likely brings in more members, its population will move towards about 670 million citizens. That means a rival hub for investment, a rival financial center, and a serious competitor for the capital that has traditionally flowed into the United States and the S&P 500.
The Erosion of the Dollar as the World's Reserve Currency: We are watching the BRICS initiatives, the coming digital euro, and a new digital financial infrastructure being built. All of these moves point in the same direction: reducing dollar supremacy and shifting towards a more multi-polar monetary order.
The Prophetic Blueprint
That does not point to a smooth replay of the last 75 years of S&P history. It points to volatility, redistribution of power, and a rebalancing of where money flows. So when we look at Trump accounts, we have to say the "what ifs" here are not wild speculation. These what-ifs are already in motion.
Does this mean Trump accounts for children are not a good deal? No, they are a good deal. They are a generous policy and they will likely stand as part of Donald Trump's legacy as a transformative president on family savings. But they will not deliver the same stellar past returns of the S&P 500 because the order that produced those returns is changing.
As Bob Dylan sang, "The times they are a-changin'." If you want to understand how this changing order—from the rise of Europe's capital markets to the weakening of dollar dominance—fits into the bigger prophetic blueprint of global power, make sure you subscribe and stay tuned for more.