For eight years (2008-2016), the US liberal media touted the brilliant accomplishments of the liberal president, whilst the conservative media groused that nothing he did was of value.
Today, the conservative US media are touting the brilliant accomplishments of the conservative president, whilst the liberal media grouse that nothing he does is of value.
Market volatility continued this week as North Korea threatened to call off the upcoming summit between Kim Jong Un and Donald Trump over military exercises that the US was to hold with South Korea and differences on what “denuclearization” means, precisely.
Market volatility continued this week as President Trump announced that the US would be exiting the Iranian nuclear agreement crafted in 2015. Iran vowed that if the US’ allies allowed the deal to completely collapse it would restart it nuclear armament program.
A popular game amongst young ne’er-do-wells in the US in the 1950’s was “chicken”, in which two drivers drove their cars at rapid speed toward each other. Whichever one veered away first was deemed the “chicken”.
Of course, any sane, mature individual would regard both drivers as not only potentially suicidal, but also extraordinarily stupid. (As can be imagined, the game sometimes ended disastrously.)
Many people in the present, unstable, economic environment find Precious Metals a safe-harbor while diversifying and building a hedge against financial gyrations.
Precious Metals International, a top-tier Precious Metals boutique dealer in The Cayman Islands knows the needs of Precious Metals investors. With years of experience, the staff of PMI has distinguished itself through top-echelon customer service, 5-star quality and a treasure trove of resources all geared to helping the discriminating investor build their dream investment portfolio.
Market volatility continued this week as the Federal Reserve held its latest Federal Open Market Committee meeting to determine the direction of monetary policy in the United States. Political headlines involving scandal around President Trump and escalating fears over a potential trade conflict between China and the U.S. also acted to keep uncertainty levels elevated.
For data wonks like me, the annual Yearbooks from various gold and silver consultancies make for fun reading. You can always find little gems about what’s going on in the markets, and sometimes you can spot changes in trends early on. Seeing a compelling chart, especially one that’s not been widely reported, is almost as exciting as seeing my wife in a short skirt on date night.
In 1971, the US went off the gold standard, which meant that it no longer had the responsibility to redeem its bank notes for real money – i.e., precious metals. It also meant that, as long as it could get people to accept the essentially worthless bank notes as currency, they could print as much as they liked. They took full advantage of this fact and transformed the US from the world’s greatest creditor nation into the world’s greatest debtor nation in under forty years.
Markets remained volatile this week with stocks continuing to swing back and forth between positive and negative territory, seemingly moved solely on the words contained in each new headline.
Snollygoster is an archaic term for, “A fellow who wants office, regardless of party, platform or principles, and who, whenever he wins, gets there by the sheer force monumental talknophical assumnancy.”
All right, that’s a rather antiquated definition, but then, “snollygoster” is a very antiquated term. It hasn’t been in use since the mid-1800’s.