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 6/27

6/27 8:30 ET Durable Goods
6/27 1:25 ET Jul22 Silver option expiry
6/27 10:00 ET Pending home sales
6/28 10:00 ET Consumer Confidence
6/28 10:00 ET Richmond Fed
6/28 12:30 ET Goon Daly
6/29 8:30 ET Q1 GDP final guess
6/29 9:00 ET Chief Goon Powell
6/29 11:30 ET Goon Mester
6/29 1:00 ET Goon Bullard
6/29 1:25 ET Jul22 Silver off board
6/30 8:30 ET PCE and Core PCE
6/30 8:30 ET Pers Inc and Cons Spend
6/30 9:45 ET Chicago PMI
7/1 9:45 ET S&P Manu PMI
7/1 10:00 ET ISM Manu PMI

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