It’s been just reported that according to the new Universal Basic Income Pilot, $1,440,000 will be handed out with no strings attached. Check out the latest reports about this below.
UBI trial to test effectiveness of giving cash to citizens
According to the latest reports, it seems that according to a new Universal Basic Income (UBI) trial this will test just how effective it is to hand out cash to everyday citizens.
The two-year trial will give away £1,600 ($2,013) per month to people in central Jarrow, northeast England and East Finchley, north London.
“The test, which will send out a total of $1.44 million, will be conducted by the think tank Autonomy and will monitor 30 participants,” according to the notes revealed by the online publication the Daily Hodl.
Researcher Will Stronge said to the TalkTV that Autonomy will track the impact that the handouts have on the test subjects’ overall health and well-being.
“We’re really interested in finding out what the effect is of giving 30 people £1,600 a month unconditionally to see what the effects are both on their physical and mental health – but also on other factors like employment outcomes and their financial security too.”
The same notes continued and stated the following:
“So it’s in a wave of experimentation around the world, recently in the US where there’s been lots of similar experiments but also in Europe as well, and in Finland.”
Real estate crash is coming
Rich Dad Poor Dad author Robert Kiyosaki predicted just recently the fact that the real estate sector will crash and cause a severe global financial crisis.
The former best-selling author says that 2023 will see a worse economic downturn than the global financial crisis (GFC) of 2008, caused by an imploding commercial real estate market.
As the online publication the Daily Hodl notes, Kiyosaki cites San Francisco as an example of the real estate problem, where office buildings have plummeted in value after workers emptied out of them during the pandemic and have not returned. Kiyosaki advises people that the best store of value to protect their wealth during a downturn is gold, silver and Bitcoin (BTC).
