Is a Central Bank Digital Currency (CBDC) a good idea for the USA?
Total Voters: 34
Loading ...Yep to all that! What of us doesn’t remember as a child receiving the Sears Christmas Catalog in the mail. Whoo Hoo! 🙂
A sad business to see all the retail stores closing, and jobs going with em. Like you say: what will be …
In this Crazy World I gotta ask … What’s next?
Cheers
which he was rumored to be contemplating.
The pattern over the past several years has been the closing of brick and motar stores as consumers use online services. I expect that trend to continue and grow. Kinda hate to see the stores close, but it is what it is. Ditto for Bitcoin as folks look for a store of wealth outside the banking system.
The Sears Catalog ( yeah I am that old!) once upon a time held the same reverence as the complete set of Britannica Encyclopedia in my childhood home. I have fond memories of a Schym (sp) bike dreamed for and a set of walkie talkie radios soldered and assembled by loving parents on the kitchen table over Christmas Eve. ( The smell of burning solder woke me up and I peeked into the kitchen to catch Santa Claus. lol)
And yet, somehow I still cling to the idea that an ounce of Gold, will someday once again rule. Fact is, Im betting my future on that one simple idea.
Best, Farmboy
Update (11:40 am ET): As expected, Trump has confirmed that the White House wants to leave the Iran deal intact – for now, at least. In its official announcement, the administration said it plans to decertify the Iran nuclear deal on Oct. 15, but instead of withdrawing from the pact, it will punt the issue to Congress. Most of the official announcement was not unexpected. However, in one notable development, the administration said it would push Congress to amend US law to adopt sanctions “triggers” – such as evidence that Iran has come within one year of building a bomb. By endorsing triggers, Trump is effectively endorsing the Corker-Cotton plan for strengthening scrutiny against Iran – an amusing coincidence given Trump’s recent spat with Senator Bob Corker.
Other trigger points could include future ballistic missile launches or a refusal to restrict its fuel production.
However, as Secretary of State Rex Tillerson noted, it’s entirely possible that Congress will choose to do nothing and leave the current deal intact.
Trump will also direct Treasury Dept to target Iranian Revolutionary Guard members with sanctions
more http://www.zerohedge.com/news/2017-10-13/trump-wont-certify-iran-deal-leaving-its-fate-congress
The environmental laws created artificial needs for normally unneeded electronics parts in cars, to create man hours out of thin air. You could call it inflation on man hours. Unfortunately most major inflations end in a deflation.
Mass airflow sensor? Expensive unneeded part. You gas gauge goes haywire?? So what. Use the trip odometer. Can’t do THAT anymore. Check engine lite goes on and they won’t pass your car inspection until you fix the gas guage.
At that point they suggest changing the fuel pump (more wasted public money for ‘welfare’ jobs) while they have the gas tank down. $1200 for your unneeded inspection sticker in NY.
Trump not to totally toss Iran nuclear deal.
Sends sanctions decision to the Congress.
Smart money has, and always will, seek investments to protect and grow ‘wealth’. Long as the paper games continue, folks are going to discover ‘work arounds’ the corrupt fiat system. The end of days of Central Bank manipulation are not yet, but growing to an end. So says the investing public. I think it is going to be very messy, but they will lose control. Death to the printing press, and sooner or later, Long Live King Gold. Perhaps in our lifetime if we are lucky enough to see it. In the meantime, I intend to stick to my ‘Merk & Lurk’ trading plan, it has worked well this year. ETF’s, Options, anything to give me more of an advantage after 15 years of ‘Buy & Hold’ Pm stocks. Going with the flow instead of using the bottles of ‘Hopium’.
Always looking for an edge, Farmboy
Good points you brought up. Agreed. My thoughts? Underground economy, unreported mattress money may be flowing into bitcoin (like silver in the 1970s). Then the gov’t does something to crash that market, and all or most, of the “play money” evaporates.
Its helps the Fed sop up some excess money supply from the system, (and punish cheaters) so THEY can ADD more money to the money supply themselves. Gives them room to add. They go by numbers.
It’s on account of the economy being so good!
Wilber Ross Commerce Sec just made that point .When NAFTA was done there were few electronic parts on cars.now almost everything is electronic run ..So Trump is right, it needs to be re negotiated ….NOT restricted by individual parts but by overall content that sets a % of content and price .The obsolete parts were ignored until everything became obsolete and no US content resulted….
I think its going to be the other way around….If they dont stop the paper shorts on Gold ..the money will flow to BIT COIN…
I seriously had that conversation with myself ,and got into bit Coin and have doubled my money while my gold is up slightly !
Im going to put money where I make money even though I wont sell gold or gold stocks.My trading is with Bit Coin…..
and…….that presents MORE of a dilemma for the DOLLAR    ..THAN GOLD DOES….i DONT SEE BIT COIN AS A STORE OF VALUE ,NO MORE THAN THAN I VIEW THE DOLLAR AS A STORE.. The store is Gold….That gives the Dollar a short term reprieve from Gold ,but a growing Long term problem from Bit Coin…Thus Gubberment creates a Casino environment instead of stability ..unfortunately for the country.. I have to worry about me,because I dont have the power to TAX….The Gubberment can distort everything then tax its way out.
WASHINGTON — The United States on Friday formally unveiled proposals to boost the amount of regional content that autos must contain to qualify for NAFTA tariff-free access, three sources familiar with the negotiations told Reuters on Friday.
The push for higher content is one of the Trump administration’s key demands at talks to modernize the North American Free Trade Agreement.
Canada and Mexico, the other two members of the pact, strongly oppose the idea on the grounds that it will disrupt the highly-integrated continental auto industry.
One of the sources said the U.S. wants to increase the North American content requirement for trucks, autos and large engines to 85 percent from 62.5 percent. Furthermore, Washington insists 50 percent of content must be U.S.-made.
Trump administration officials complain the current content rules are too lax and have allowed auto companies to build more autos in Mexico, where wages are much lower.
A spokeswoman for U.S. Trade Representative Robert Lighthizer declined to comment.
SSRM down 9 %, Bitcoin up 8%…SSRM mines Silver and Gold….Bitcoin is some pixels on a screen.
PM stock holders are having a barf moment.
Someone sure seems to have their boot on the neck of the PM shares. Tiresome in spades!
RE: The Iran deal. Short of going to war with them I don’t know what we can do. We’ve tried sanctions and that doesn’t seem to work. With Saudi Arabia embracing the Russians and Chinese, it seems to me there is less reason for us to have such animosity to Iran. Let the Russians and Chinese protect SA. Of course then there is Israel …
Au back below 1300, PM shares on their arse’s and her beloved SM cruising into new record Hi’s, minute by minute.
Janet can now discard the heavy weight Depends and put on the light weight ones, plus her staff can take the risk of being downwind of her.
Re Trump Iran
There’s been a bid in Gold ever since that was rumoured, though the scum have fought it every inch of the way….just like now.
Boy are they a bore or what.
Israeli TV Shows Footage Of ISIS Training Camp On Israel’s Border
http://www.zerohedge.com/news/2017-10-13/israeli-tv-shows-footage-isis-training-camp-israels-border
Trump expected to make U.S. move against Iran nuclear deal: officials
They should give a gold stock the symbol SSDD
Same shit different day
But hey, the SM is up again
Sea of red coming to the portfolio of pm shares – unbelievable
disabuse ourselves of that notion….
Not happening so far. My midgets are showing a loss at this point. Darn it!