Masking the SDR with a New Gold Standard (yogmonster)
A third option which Forbes puts forward is the return to a new gold standard. This option has also been discussed and reviewed here on POM in the article The Greatest Deal of All Time – A Trump Gold Standard and on the Republican Party of Canada site with the article An Incremental Return to Gold-Backed National Currencies – And Why A Supra-Sovereign SDR Reserve Asset May Just Make That Work.
“On funding the border wall, Trump said he could get it this week or the administration could come back to it in September,” Trey Yingst, a White House correspondent for One America News, reported in a tweet. A White House official who asked for anonymity confirmed what Trump said during the private meeting.
Democrats, whose votes will be needed to help pass the spending plan, hope he’ll blink to avoid an embarrassing milestone for a new president trying to prove he can govern. A partial shutdown would start on Saturday, Trump’s 100th day in office.
Daring Economy (Jesper A.)
I would like to argue that the sharing economy is a bit like business in the old days — but there are some differences, which I will make agonisingly clear. Did you know that ´tradesman´ in old English litterally means a walking man, since ´traede´ in in all of the Nordic languages has the meanings of taking a step, and walking to this day. Sharing economics is not just going back.
Feudalism and the “Algorithmic Economy” (Afridev)
In a world in desperate need of positive imagery, a number of famed science fiction writers such as David Brin are recommending writers look at creating more beneficial, beneficent and Utopia-oriented stories, where people see the future as something to look forward to rather than promoting the more popular (and definitely easier to write) dystopias.
The Alibaba founder warned that social conflicts could have a "huge impact" on all walks of life. Ma's company has invested in areas such as cloud computing and artificial intelligence as it expands into new sectors beyond its e-commerce business.
Even though the top 7 Primary Silver Mining Companies increased their production to 158 Moz in 2016, the amount of ore they processed also reached a record high. For example, these silver mining companies processed a record 21.3 million tons of ore in 2016 compared to 19.9 million tons in 2015. Furthermore, the top silver miners only processed 9.4 million tons of ore in 2005 to produce 123 Moz of silver… yielding 13 oz/t.
To be fair, Iran’s “worldwide” reputation was likely maimed due to six years of international sanctions against the nation’s oil sector, which were only lifted in January of last year. As the world’s largest energy consumer, China is occupied with making sure locally produced fuel remains available for domestic use. Beijing’s foreign efforts have been focused on securing access to reserves in African countries, such as Angola, Nigeria, and Sudan.
If property values start to fall, Cason said, banks could stop writing 30-year mortgages for coastal homes, shrinking the pool of able buyers and sending prices lower still. Those properties make up a quarter of the city’s tax base; if that revenue fell, the city would struggle to provide the services that make it such a desirable place to live, causing more sales and another drop in revenue.
Gold & Silver
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