Is a Central Bank Digital Currency (CBDC) a good idea for the USA?
Total Voters: 34
Loading ...Nothing to crazy just yet. Guessing silver will let us know how deep the pullback or maybe even the shares will be a better indicator. looks like they’ll take an outsized hit at least early on.
It was about time for some hopeful China trade news anyway and I noticed ZH had an article about China wanting “thorough” discussions.
They probably should since so far two of their banks have collapsed. No doubt more to follow.
We’ll see how deep the pullback gets.
Yup the scum have been busy o/n, nothing too aggressive, so far….. but enough to stop the moves carrying on.
All of the correlations between gold and interest rates, money supply figures and the rest only function within the parameters of a market convinced of future political stability. Once that future stability begins getting deep discounts by markets and those relationships falter, gold consolidates, bides its time and then pops spectacularly.
gold’s down just a buck–but….but…there’s an oversized hit on JNUG -4% and GDX -1.3%….and we know gold is not a normal mkt…that said, so far so good…if this cheery little stock mkt bounce reverses, then PMs may log a good day…
what worries me is one of those PPT engineered flash crashes coming thru at any moment…if gold bounced right back after one of them, then we’d have additional confirmation that this rally has legs.
It’s been a good three days but now it’s time to pay up, question is how much?
Score one for Ballanger in taking some profits.
We’ll see if Wollanchuk’s theory of a snapback SM rally followed by a longer term pm rally takes place.
So is it me, or was it just a month or two ago that this was the greatest economy in US History? Why the need to cut rates?
Druckenmiller Dumps All His Stocks, Piles Into Treasuries Expecting Rates To Hit Zero
I have never considered Bitcoin to be rival to gold or even the dollar, as far as I am concerned it’s just monopoly money , reminiscent of tulip mania. The fed will never allow anything other then the dollar, plus there is not enough crypto currencies for commercial transaction as presently used dollar. There may be reset of some currencies to be backed by gold , like suggested by Malaysian Prime Minister Mahathir, but even that is doubtful, unless China backs it own currency with gold. Look what happened to Gadaffi when he wanted to introduce African gold backed dinar and wanted to trade oil for gold. Don’t expect any monumental changes in your life time , just hang on to your gold and (silver-maybe).
GT
It’s been here for a few days so if so too late. To much long hours to worry about it. Right now it’s Typhoid. I have to find a catch release trap. Those glue ones you can release them easy by putting the trap in a box outside and putting vegetable oil in it and will immediately undock them but then will come back if I don’t get it away. It better not crawl on my bed in the mean time or it will die!!!
after 8 lousy years thats not asking too much !
I leave pretty close to a rail road unfortunately. However I can sometimes seewhat being transported in mass.
There was a long long long train that said UP Building America. Not the first time saw one. Wonder what it’s about.
Sometimes just for fun I check stocks of some of them when I see a lot of something, it usually works and see their stocks moving up.
I think they have a attitude like this: A tornado or earthquake hit and people lost their homes and it’s cold as heck outside. Just saying, This politician over here has a nice heated tent so what do they care about the rest of them.
If a disease like Ebola gets in a corowded intake area or city a whole lotta people are gonna die and beyond our borders with travel. A nurse trained in isolation when it got here last time multi layered then they leave into another isolated room carefully unlayer and scrub down got it anyway. It’s that contagious. Not with the Demos getting blamed their already blamed plus a few Repubs including Cruz.
They have computers in Africa it will get back they got threw and more will come.
If it ever happens buy a lot of food and buy none you can’t cook don’t even touch it and hunker down.
Now if I can figure out how to get this darn mouse out of my room without killing it.
the DOW is only 30 stocks ..they prop up while everything else gets taken out one at a TIME and gets SHOT even if they miss by a few pennies ..Watch the TECH stocks get taken out and shot one at a time ….the nasdq ,the small Caps, Oil too, as earnings drop and no political support for Oil producers anymore ,not Russia ,Saudi, Iranian ,Venezuela ..the usuall suspects have NO political support anymore .Electric Cars, Solar cells are killing oil …which is priced in HIGH valued DOLLARS .The DOLLAR is killing oil buyers ..
HIGH value oil dosent bother the US,we dont import it ,we are used to high dollars ..sine we spend them not buy them…
The current open Borders will be stopped by DISEASE carriers scare ! Then Democrats will demand a wall be built ..Isolation of disease was the Mainstay protection before WW2 ..BUGS get immune to drugs very Fast .
a Major outbreak without a DRUG will stop it …all this bullshit of open Borders will die faster than Trump
can build his Wall. Democrats will demand a WALL be built …First Trump should blame them and how its They that spread disease ….AND KILL CHILDREN….just LET ebola GET LOOSE HERE OR HAVE HIV shots lose effectiveness and watch how fast the WALL gets built..
Bit Coin is a rival for the DOLLAR, not GOLD …
Dont count the Dollar out ! A little weaker is good for GOLD ! I wouldent bet on its demise !
TOO many think with an all or none mentality…What other country would you trust with your money ?
Which communist country ? Which dictatorship ? WE may get a Dollar backed by “Bit COIN” like “Shared Ledger” instead of “Federal Reserve NOTES” to stop the Counterfeiting and deficit spending Politicians are prone to do. WE are a long way from all of that .First we go to GOLD for Stability ,then the shared Ledger ..
Blockchain & Distributed Ledger Technology (DLT) Blockchain is one type of a distributed ledger. Distributed ledgers use independent computers (referred to as nodes) to record, share and synchronize transactions in their respective electronic ledgers (instead of keeping data centralized as in a traditional ledger).
First a Gold Backed Dollar ,then A Blockchain control for the Dollar to stop Politicians deficit spending .
However Political acceptance will only come after out of control inflation scares the Public….Then a Gold and commodity backed Dollar that satisfies ,growers and consumers need for Stability with Blockchain Ledger shared Ledgers for all to see..with NO Central Control.. Thats key ..NO Central Control…
The coming GOLD RUSH will be a doozy ,it may be the Last one once Distributed Ledger takes hold ,but thats a FEW years out while they get it set up..I figure 3 years out…
The part that didn’t get through in my comment was their suggestion if we had a Ebola outbreak people would want a vaccine. They may get their wish. There are places in Africa having a Ebola outbreak like the Congo where the 110 Africans just crossed the border. Better idea is stop them at the border.
hahahahahahaha hehehehehe I love that ! The Democrats and the Press have lost an Amazing opportunity
To promote their own country and have joined join Americas rivals to trash America ,all because they lost an election !
Their citizenships should all be revoked .The Democrats hate him because he outsmarts them.The Republicans hate him because he cant be bought ….He stands alone with his loyal voters ,,the professional Politicians be dammed ..Instead of reviving Camelot the press revives jealousy and class warfare..SORE LOSERS …
The silver Zephyr sliding downhill past Plainview.
In the distance is Denver and the mile high plains.
https://railpictures.net/photo/698652/
