It’s very early Monday, and I’m “up and at em’” because I feel so passionate about today’s topic.
I can remember where I was when I heard about Nixon’s killing of the phony gold standard that John Maynard Keynes and the Soviet spy Harry Dexter White designed in 1944. My generation says: “Each of us can remember where he was when he heard about Kennedy’s assassination. In an opinion article on the Financial Times, writer Eric Lonergan says Interest Rates are a Spent Economic Force. We explained long ago, that a signal to bring back this disastrous idea was Trump’s popular and determined intention to oppose easy migration from Mexico to the US. Months ago, we predicted that the North American Union would return as a political issue in this presidential race. Hillary Promises a New Government Agency to Open Up Our Borders … Hillary’s open borders policy will reach fruition if she becomes president. Where Delta blamed its catastrophic systems-wide computer failure vaguely on a loss of power, Georgia Power, their power provider, placed the ball squarely in Delta’s court, saying that “other Georgia Power customers were not affected”, and that they had staff on site to assist Delta. Hedge funds and other speculators cut their wagers on a bullion rally for the fourth time in five weeks.ĭelta Airlines recently experienced what it called a power outage in its home base of Atlanta, Georgia, causing all the company’s computers to go offline-all of them. Gold Losing Appeal for Investors Retreating from Rally BetSpeculators cut net-long holdings fourth time in five weeks. Oil prices advanced for a third consecutive day to reach a one-month high amid growing hope that the world’s largest producers may agree a deal to combat the stubborn glut of global supplies. The Bank of Japan’s controversial march to the top of shareholder rankings in the world’s third-largest equity market is picking up pace.Īlready a top-five owner of 81 companies in Japan’s Nikkei 225 Stock Average, the BOJ is on course to become the No. Given the horrendous political divergences and the deplorable shape of many fiscal institutions within the EU, the ECB’s attempts to preside over an ever growing potential catastrophe appear futile. Perhaps that notion that central banks are supposed to be free to act independently of the political sphere has reverted to myth, but considering the state of the world economy, their behavior is simply inexcusable. Gold is hitting a tricky spot in its chart linked to its 2011 peak, according to Dana Lyons, a partner at J. It’s largely been a fool’s errand to bet against gold this year, but the metal’s detractors could have grounds for fresh hope.
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