Is America on a Gold Standard?
Editorial of The New York Sun | October 28, 2017
Has America been secretly on the gold standard? We ask because as Janet Yellen nears the end of her term as chairman of the Federal Reserve, the value of a one-dollar Federal Reserve note is at 1,269th of an ounce of gold — essentially identical to the 1,262nd of an ounce of gold at which it was valued on the day she acceded to the Fed chairmanship. Is that just a coincidence?
That is the question as President Trump wrestles with whether to nominate Mrs. Yellen to a second term or bring in someone else to chair our central bank. Federal Reserve scrip has roller-coastered somewhat during Mrs. Yellen’s term.
It’s plunged below a 1,300th of an ounce of gold and clacked up to close to a thousandth of an ounce of gold. Generally, though, it has stayed within that band.
Post From IQDCalls Chat Room
Chat Room News Excerpts & Highlights Early Saturday 10-28-17
chattels: Peshmerga and Iraqi army meet in Mosul to negotiate possible truce By Rudaw 14 minutes ago http://www.rudaw.net/english/kurdistan/281020172
chattels: Hours after Iraqi takeover BP started operating Kirkuk oil By Rudaw 1 hour ago http://www.rudaw.net/english/business/28102017
chattels: KRG customs, borders operate by federal law, attacks unconstitutional By 2 hours ago http://www.rudaw.net/english/analysis/28102017
Walkingstick: Economic recovery
29/10/2017 12:00 AM
The signs of economic dislocation in Iraq are looming after an important page of disability has ended with a "da'ash" strike.
Yesterday, Iraq signed several economic agreements with France during the recent visit of Abadi, an economically advanced country.
Today, the visit of the Prime Minister to Saudi Arabia has achieved great successes and culminated in the founding of the Constituent Council for Economic Cooperation between Iraq and Saudi Arabia and the signing of economic agreements .
This move will bring Iraq back to the ranks of the developed countries, which brings us back to the global expectations that Iraq will be the eighth tiger among the seven tigers after his salvation from the challenges he faced.
Sabickford: The aging process could be slowed down if it had to work its way through Congress.
If pro is the opposite of con, is progress the opposite of congress?
Some mornings I wake up grouchy... and some mornings I just let her sleep!
Regular naps prevent old age.....especially if you take them while driving.
Some people are like Slinkies . . . not really good for anything, But you still can't help but smile when you see one tumble down the stairs.
The four stages of life: 1 You believe in Santa Claus. 2 You don't believe in Santa Claus. 3 You are Santa Claus. 4 You look like Santa Claus.
There are 3 kinds of people: those who can count & those who can't.