Summer in Turdistan

233

The Memorial Day weekend marks the unofficial start of summer here in the U.S. This also means that another 3-day weekend is upon us and you know what that means. It's Jackass season!

Because we didn't have quite as much time as usual to record, I decided to ask The Jackass to pontificate on three primary points:

  1. The idea that China and the other creditor nations will one day use gold as the basis of international trade through the issuance of gold-backed trading notes.
  2. The concept of a spilt U.S. dollar where an "international" dollar co-exists with a domestic "scheiss" dollar.
  3. The growing regulator crackdown on Banks, specifically Bafin and other European regulators tightening the screws on banks such as DeutscheBank.

I think you'll enjoy listening to this podcast and I hope that you have a safe and relaxing holiday weekend.

TF

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Key Economic Events Week of 1/24

1/24 9:45 ET Markit Flash PMIs for January
1/25 9:00 ET Case-Swiller home prices
1/25 10:00 ET Consumer Confidence
1/26 2:00 ET FOMC Fedlines
1/26 2:30 ET CGP presser
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