Bloomberg reported that the People’s Bank of China is now using the Shanghai Gold Exchange as a magnet, luring “friendly” central banks to buy and store bullion inside Chinese borders. This means custody of sovereign reserves, once the domain of London, New York, and Zurich, could shift east. Addison Wiggin explains why that could spell trouble for the U.S. Click here for the full story.
For the first time in over a century, the dollar is collapsing. Meanwhile, stocks keeping hitting new records. What’s going on? One expert says we’re on the brink of a crisis no American alive today has ever seen.
Last Friday, President Trump shocked the media world once again by announcing a new $100,000 fee for holders of H-1B visas. This kind of move is wholly unprecedented. But once you get past the “sticker shock” of its high price tag, you’ll start to see how it could put billions in the pockets of American citizens — at the stroke of a pen. Click here to find out more.
Matt Clark just spent a week on the West Coast. A highlight of his trip was a tour of the Boeing Everett Production Facility, which sits on 1,000 acres about 22 miles north of Seattle. When he returned home to South Florida, he decided to dig into Boeing and the aerospace and defense industries. What he found was surprising. Click here for the details.
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