Politics

[Altitude sickness]

China has been rabidly buying gold for 3 years. The US still has the majority of physical gold but China is gaining fast.

Many believe it’s a multi pronged strategy.

“China could position its large gold reserves as a means to back its own currency, the yuan, potentially challenging the U.S. dollar's role as the global reserve currency. This would provide other countries with a credible alternative to the dollar for international transactions.

Undermining U.S. financial power:As countries diversify their reserves away from the dollar toward gold and yuan, the U.S. could lose its "exorbitant privilege" of running trade deficits and borrowing cheaply. This could lead to a weaker dollar, higher inflation, and increased borrowing costs for the U.S..

Bypassing sanctions: The knowledge that the U.S. can weaponize the dollar, as it did with Russia's foreign exchange reserves, has pushed some nations to seek alternatives. A gold-backed yuan would provide countries under Western sanctions with a way to trade and store value outside the U.S.-controlled financial system. “

 

[fourfive8]

I bet on Euro when it was $1.04 earlier in the year. Now, it is $1.17. Just hoping it stays there or gets stronger for the next couple of months.

Of course you are

 

[Red Leg]

Of course you are

A weak dollar exists because it is currently a direct result of the financial policies of the US and this administration. Tariffs and trade restrictions contribute to a weakening dollar by reducing demand for U.S. assets and products from foreign entities. This may also be a deliberate outcome desired by the administration because a weak dollar makes U.S. goods cheaper for foreign buyers, boosting exports and reducing the trade deficit, while also benefiting U.S. companies that earn a significant portion of their profits abroad. Unfortunately, a weak dollar also contributes to higher interest rates by making the dollar a less attractive safe haven for investment. Interest rates are already a challenge for this administration.

I congratulate anyone smart enough to take personal investment advantage of the administration's rather chaotic monetary policy.

 

[Russ16]

A weak dollar exists because it is currently a direct result of the financial policies of the US and this administration. Tariffs and trade restrictions contribute to a weakening dollar by reducing demand for U.S. assets and products from foreign entities. This may also be a deliberate outcome desired by the administration because a weak dollar makes U.S. goods cheaper for foreign buyers, boosting exports and reducing the trade deficit, while also benefiting U.S. companies that earn a significant portion of their profits abroad. Unfortunately, a weak dollar also contributes to higher interest rates by making the dollar a less attractive safe haven for investment. Interest rates are already a challenge for this administration.

I congratulate anyone smart enough to take personal investment advantage of the administration's rather chaotic monetary policy.

Many administrations have silently desired a slightly weak dollar because of the trade benefits. They never say it out loud but I’ve talked to White House, Treasury, and Commerce appointees from both R and D administrations dating back to H.W. Bush and all agree on the perceived benefits.

There’s are also obvious benefits to a strong dollar.

What they really want is a weak dollar in off years that strengthens in election years. But it isn’t that easy to control precisely.

 

[275r7x57]

https://www.voronoiapp.com/_next/image?url=https%3A%2F%2Fcdn.voronoiapp.com%2Fpublic%2Fimages%2F67ec2d7e-2947-4c25-a380-910bdbedfbe7.webp&w=750&q=85

https://www.visualcapitalist.com/u-s-dollar-index-by-president/

US Dollar Index By US President

 

[deewayne2003]

China has been rabidly buying gold for 3 years. The US still has the majority of physical gold but China is gaining fast.

Many believe it’s a multi pronged strategy.

“China could position its large gold reserves as a means to back its own currency, the yuan, potentially challenging the U.S. dollar's role as the global reserve currency. This would provide other countries with a credible alternative to the dollar for international transactions.

Undermining U.S. financial power:As countries diversify their reserves away from the dollar toward gold and yuan, the U.S. could lose its "exorbitant privilege" of running trade deficits and borrowing cheaply. This could lead to a weaker dollar, higher inflation, and increased borrowing costs for the U.S..

Bypassing sanctions: The knowledge that the U.S. can weaponize the dollar, as it did with Russia's foreign exchange reserves, has pushed some nations to seek alternatives. A gold-backed yuan would provide countries under Western sanctions with a way to trade and store value outside the U.S.-controlled financial system. “

I don't care how much gold China has; I'd never place faith in communists to manage their money supply.

Then again with the number of socialist countries and leadership regimes in the world I could see how many would fall for it.

 

[Brent in Az]

The Judicial cesspool.

Grand juries in Washington D.C refuse to indict 2 people accused of threatening to kill Donald Trump

 

[spike.t]

‘I could get a gun within an hour of leaving jail’: how Australia’s licensed firearms end up in criminal hands | Gun control | The Guardian https://share.google/SrJzJc2cNr2q9m5Js

 

[spike.t]

Children with guns at 8? Chicago reels as kids fuel crime wave; ‘These kids are running wild,’ ex-Guard officer warns - The Times of India https://share.google/UlrxuMxehr4ZdOWoW

 

[spike.t]

The woman being interviewed is seriously fkd in the head......and reporter is having hard time keeping a straight face me thinks....and she also doesn't hold back on her questions.....

 

[Red Leg]

We have gradually been wooing India away from its non-aligned but still pro-Russian foreign policy for more than two decades through several administrations from both parties. Along with being the second most populous country in the world, it is the planets largest democracy, and a vast source of material and services for this country. Geopolitically, they represent a powerful counterbalance to Chinese ambitions in the Pacific.

Of great concern is any potential alignment between Russia, China, and India. In a "brilliant" move of international diplomacy, less than a month after PM Modi seemed to have a positive engagement with Trump in Washington, the administration decided to slap India with tariffs more punitive than those on China - over a trade deficit of all things.

This week, at least in part in clear retaliation, we are now treated a strategic embrace between Putin, Xi, and Modi with hangers on like Iran. Should that mature into an actual anti-Western - and particularly anti-American - alliance, the Western Pacific becomes essentially indefensible offering some really difficult choices for traditional allies like Australia, Japan, and the Philippines.

 

[Hank2211]

The Judicial cesspool.

Grand juries in Washington D.C refuse to indict 2 people accused of threatening to kill Donald Trump

I'm afraid I don't understand your post.

Grand juries are made up of "the people" so what do they have to do with the "Judicial cesspool"?

And if a prosecutor can't get a "true bill" from a grand jury (or from the people), doesn't that say more about the case than about the accused?

Don't get me wrong - the accused could well be guilty, and the grand jury may believe that to be the case, but they - as representatives of the people - decide that for whatever reason they don't agree that the government should pursue the accused. Shouldn't the people have that right? Isn't that one of the checks and balances on government power in the American constitutional and legal system?

And, fwiw, the government can always proceed by charging a misdemeanour, which, unlike a felony charge, doesn't require a grand jury, right?

Obviously, I'm not qualified to practice law in the US, so apologies if I've got any of this wrong. But I sure wish we had such a thing in Canada - homeowners who defend themselves might not be charged if we had.

 

[spike.t]

We have gradually been wooing India away from its non-aligned but still pro-Russian foreign policy for more than two decades through several administrations from both parties. Along with being the second most populous country in the world, it is the planets largest democracy, and a vast source of material and services for this country. Geopolitically, they represent a powerful counterbalance to Chinese ambitions in the Pacific.

Of great concern is any potential alignment between Russia, China, and India. In a "brilliant" move of international diplomacy, less than a month after PM Modi seemed to have a positive engagement with Trump in Washington, the administration decided to slap India with tariffs more punitive than those on China - over a trade deficit of all things.

This week, at least in part in clear retaliation, we are now treated a strategic embrace between Putin, Xi, and Modi with hangers on like Iran. Should that mature into an actual anti-Western - and particularly anti-American - alliance, the Western Pacific becomes essentially indefensible offering some really difficult choices for traditional allies like Australia, Japan, and the Philippines.

Posted this previous page..gives a run down on it

 

[Tanks]

Of great concern is any potential alignment between Russia, China, and India. In a "brilliant" move of international diplomacy, less than a month after PM Modi seemed to have a positive engagement with Trump in Washington, the administration decided to slap India with tariffs more punitive than those on China - over a trade deficit of all things.

Could it be?

MSN

 

[375 Ruger Fan]

Could it be?

MSN

Jake Sullivan and MSNBC……????

 

[Brent in Az]

I'm afraid I don't understand your post.

Grand juries are made up of "the people" so what do they have to do with the "Judicial cesspool"?

And if a prosecutor can't get a "true bill" from a grand jury (or from the people), doesn't that say more about the case than about the accused?

Don't get me wrong - the accused could well be guilty, and the grand jury may believe that to be the case, but they - as representatives of the people - decide that for whatever reason they don't agree that the government should pursue the accused. Shouldn't the people have that right? Isn't that one of the checks and balances on government power in the American constitutional and legal system?

And, fwiw, the government can always proceed by charging a misdemeanour, which, unlike a felony charge, doesn't require a grand jury, right?

Obviously, I'm not qualified to practice law in the US, so apologies if I've got any of this wrong. But I sure wish we had such a thing in Canada - homeowners who defend themselves might not be charged if we had.

I'm not going to waste my time explaining the D.C swamp to you

 

[spike.t]

Putin says Russia will achieve all aims militarily if Ukraine does not agree deal

The Russian leader has rejected calls for a ceasefire as his troops advance.

www.bbc.com

 

[Tundra Tiger]

Putin says Russia will achieve all aims militarily if Ukraine does not agree deal

The Russian leader has rejected calls for a ceasefire as his troops advance.

www.bbc.com

Take that Donald!

Seriously... is he going to write a follow-up called "The Art of Getting Bamboozled"?

 

[Tanks]

Take that Donald!

Seriously... is he going to write a follow-up called "The Art of Getting Bamboozled"?

He gave Putin 50 days at the end Putin will make a call and Trump will give him another 50 days.

In the meantime DOD told Ukraine that it could not hit Russia with weapons that originate from the USA.

 

[375 Ruger Fan]

Omar must have gone to that Pelosi investment seminar.

Rep. Ilhan Omar’s net worth skyrockets to as much as $30 million – months after denying she was a millionaire

The disclosure, filed in May, shows the far-left “Squad” lawmaker and her husband, Tim Mynett, experienced a roughly 3,500% increase in net worth last year, compared to 2023.

nypost.com