On August 11, Donald Trump signed the new Executive Order 401(k), which allows investment in cryptocurrency and real estate into pension funds—this is a qualitatively new regulation of the financial sector (brand new) even for the highly developed American market.
A few days before Trump’s 401(k) order, on August 7, Trump signed the Executive Order on “debanking,” aimed at prohibiting banks from denying clients service for political or religious reasons.
Both orders are a targeted mobilization of the US’s internal financial resources ahead of China initiating a global conflict, when access to external capital markets becomes unstable or largely controlled by the States’ geopolitical adversaries.
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