Trump has long been a fan of tough action on trade. In the 1980s, the then-real estate mogul railed against the US’s trade deficit and warned of “other countries ripping off the United States.” In a 1990 Playboy interview, Trump was asked about his first action if he ever became president.
Stagflation or Price Stability (Wilson S.)
If inflation is indeed a monetary policy phenomenon, then sooner or later surges in consumer prices should be expected. If this occurs before any evidence of an economic boom of high growth, then and only then would economists consider the prospect of stagflation (Greenspan, 2018). We may be reaching that stage as some recent data are suggesting. The possibility of accelerating US consumer price inflation is suggested in the following chart:
The Case For Gold Is Not About Price (thc0655)
In 1971, the cost for one loaf of bread was $.24. The average cost for one gallon of gasoline was $.36. With gold at $42.00 per ounce, you could purchase one hundred seventy-five loaves of bread or one hundred seventeen gallons of gasoline (or some combination of the two).
Forty years later, in 2011, the average cost for one loaf of bread was $2.42; and one gallon of gasoline was priced at $3.52. Hence, again, using only one ounce of gold (this time priced at $1900.00 per ounce) you could purchase seven hundred eighty-five loaves of bread or five hundred thirty-nine gallons of gasoline.
For many decades, but particularly in the 1980s, the United States funneled billions of dollars in military aid to authoritarian Central American governments with the stated goal of combating communism. The funding, equipment and training transformed civil wars in Guatemala and El Salvador into conflicts of exceptional brutality. Government forces, sometimes trained by the United States, often exterminated whole villages. In El Salvador, a country of a few million people, 75,000 people died; roughly a fifth of the population fled. In Guatemala, a truth commission would later blame the degree of brutality on training military officers received at the U.S.-run School of the Americas.
In Venezuela, prospective trolls sign up for Twitter and Instagram accounts at government-sanctioned kiosks in town squares and are rewarded for their participation with access to scarce food coupons, according to Venezuelan researcher Marianne Diaz of the group @DerechosDigitales. A self-described former troll in India says he was given a half-dozen Facebook accounts and eight cell phones after he joined a 300-person team that worked to intimidate opponents of Prime Minister Narendra Modi. And in Ecuador, contracting documents detail government payments to a public relations company that set up and ran a troll farm used to harass political opponents.
The researchers found that deaths for certain groups of people decreased between 1999 to 2008 – but rose sharply starting in 2009. They speculated that the 2008 economic crisis and subsequent rise in unemployment may have been a factor.
Derivatives are instruments whose values are derived from the prices of other things, like a stock or a barrel of oil or a bundle of mortgages. Originally designed to protect their holders against future risks, they evolved into vehicles that traders used for financial speculation. Unlike stocks, they often aren’t traded over public exchanges, which means the market — and who is exposed to what — is opaque.
China’s Latest Consumer Scandal: Unsafe Vaccines (sign-in required, Thomas R.)
Chinese Premier Li Keqiang called for a government investigation into “the entire process chain of all vaccine production and sales,” after a drug company allegedly sold more than 250,000 doses that failed to meet safety standards.
Another bill is specifically intended to make changes to retirement savings in the United States. Known as the Retirement Enhancement and Savings Act, the bill would make some pretty significant changes. While a draft of the bill hasn’t been made public yet, here’s what we know about the changes it could make:
Bitcoin broke the $7,500 barrier today, up about 1 percent over a 24 hour period and trading at $7,516 at press time. The major cryptocurrency is up almost 18 percent this week, having traded roughly $1,000 less on Monday morning, July 16. The coin is also holding its monthly gains of around 21 percent.
Word on the street is that cryptocurrencies (especially Bitcoin) are creating millionaires all around us. People are making money from crypto-investments in a manner that no one ever dreamt of a few years ago. For instance, if you had invested $100 in Bitcoin in 2010 when one BTC was valued at just $0.39 and sold off your coins in November 2017, when the value hit over $15,000, then you would have made several millions of dollars. So, it is easy to see why everyone is talking about cryptocurrency.
But when they stopped at a Marriott hotel just off Highway 410, in a high-crime neighborhood filled with temp agencies and ranch homes, they left those sensors on the back seat of their rented Ford Expedition. When they awoke the next morning, the window had been smashed and the special valises holding these sensors and nuclear materials had vanished.
More than a year later, state and federal officials don’t know where the plutonium – one of the most valuable and dangerous substances on earth – is. Nor has the cesium been recovered.
Who owns the moon? A space lawyer answers (Thomas R.)
By 1969, decolonization may have destroyed any notion that non-European parts of the world, though populated, were not civilized and thus justifiably made subject to European sovereignty – however, there was not a single person living on the moon; even life itself was absent.
McCurry divides his days into five categories: work, meals, physical, fun, and social. On a weekly basis, he spends roughly 7 1/2 hours with family or friends, 13 hours working (whether it’s yard work or personal-finance chores), 18 hours doing some sort of physical activity, such as swimming, and 35 1/2 hours having fun, which could be planning vacations, reading, or blogging.
Is The Oil World In Panic Mode? (Michael S.)
I am a student of the financial players and their influence into oil prices, and generally look at the movement of speculative money in and out of the futures markets. But even here there hasn’t been a discernible reason for oil’s latest drop. According to the COT reports, long positions have actually held fairly steadily through this latest 7 dollar downdraft in oil.
“As an additional precaution I had the two sinks removed and installed hand sanitizers and re-opened the beach for swimming,” Peabody said in a statement.
Gold & Silver
Provided daily by the Peak Prosperity Gold & Silver Group
Article suggestions for the Daily Digest can be sent to [email protected]. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."