From Barchart: 2025-03-23 04:43:00

U.S. Commerce Secretary Howard Lutnick made waves by selling 1,000 Gold Cards at $5 million each, generating $5 billion in revenue in a day. The program offers permanent U.S. residency with an option for citizenship, aiming to replace traditional visas.

Lutnick’s vision for the Gold Card program includes using it to pay down the national debt. Selling 200,000 cards could contribute $1 trillion, while selling 1 million or 10 million cards could raise $5 trillion or $50 trillion, potentially eliminating the debt.

The idea for the Gold Card program originated from a conversation between John Paulson and Donald Trump, with Howard Lutnick leading its implementation. Software for the program is being developed by Elon Musk’s team for release soon.

Each Gold Card costs $5 million, with significant market interest shown by the recent sale of 1,000 cards. Most holders are expected to retain permanent residency to avoid global taxation, impacting large-scale debt reduction.

The Gold Card initiative merges immigration policy with debt management, with potential significant implications for the U.S. fiscal landscape. Its success or failure could reshape how the country addresses financial challenges in the future.

Investors and policymakers can utilize Financial Modeling Prep APIs like SEC Filings and Senate Trading to analyze the Gold Card program’s impact on regulatory filings, policy decisions, and investor sentiment. These tools offer valuable insights for understanding the initiative’s implications.



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