Portrait liquidating trust
Please note the start date of the chart is 1971, this is not by any coincidence as that was the year the U. dollar became fully fiat and backed by nothing but “faith”.
Before getting started, it is important to understand what August 15, 1971 really meant and why Nixon took us off the gold standard.
After all, no one who can do third-grade math would expect that the bond market can "easily handle" what will in effect be Early in 2018, we detailed Bridgewater's massive short bet against Europe, peaking at a record total short against the EU's biggest companies of around billion. Bullion Star was one of the first bullion dealers worldwide to offer customers the ability to buy and sell physical precious metals using Bitcoin.
At the time we noted that, since Bridgewater is not known for picking individual stocks, the manager’s position was the result of a view on the wider economy according to James Helliwell, chief investment strategist of the Lex van Dam Trading Academy. Now with the addition of Ethereum, Bitcoin Cash and Litecoin, Bullion Star is again one of the first bullion dealers in the world to offer customers the ability to transact in these other leading cryptocurrencies for both buy and sell orders.
As longtime readers know, my work aims to 1) explain why the status quo -- the socio-economic-political system we inhabit -- is unsustainable, divisive, and doomed to collapse under its own weight and 2) sketch out an alternative Mode of Production/way of living that is sustainable, consumes far less resources while providing for the needs of the human populace -- not just for our material daily bread but for positive social roles, purpose, hope, meaning and opportunity, needs that are by and large ignored or marginalized in the current system. The country’s main exports are exactly what one would expect, with categories like aircraft, refined petroleum, vehicles, vehicle parts, and computer chips constituting the biggest chunk of overall goods.
However, today’s infographic from How zooms down to the state level, where things get much more interesting.
Some states tow the line by exporting one of the major U. goods, while others specialize in categories that you probably couldn’t ever guess.
There would be no room in my world for individuality, free thought, or vain imaginings of anything, or anyone, more powerful than me. But for today’s essay, I’ll stick to the other so-called vices: tobacco and alcohol.
The obvious is because with France and other nations demanding conversion of dollars into our gold, it would have only been a few short years before our stockpile was completely depleted.
The status quo, in all its various forms, is dominated by incentives that strengthen the centralization of wealth and power. exported .3 trillion worth of goods to international customers.
They were able to do this because The recent collapse of the Argentine Peso and other emerging currencies is more than a warning sign. As I explain in Escape from the Central Bank Trap (BEP, 2017), a sudden stop happens when the extraordinary and excessive flow of cheap US dollars into emerging markets suddenly reverses and funds return to the U. In 1923, a young Jewish immigrant from a small town in modern-day Ukraine founded a candy company in Brooklyn, New York that he called “Just Born”. And if you enjoy chocolate sprinkles or the hard, chocolate coating around ice cream bars, you can thank Bernstein– he invented them.
Nearly 100 years later, the company is still a family-owned business, producing some well-known brands like Peeps and Hot Tamales.