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Showing posts with the label gold

UPDATE ON THE BITCOIN

 I get a bit into bitcoin today to reflect how volatile it can be. Yesterday,  President Donald Trump threatened new 100% tariffs on China. The  U.S. stock market tumbled , with the Dow Jones Industrial dropping 879 points, or 1.9%.  The broader S&P dropped 2.71%, and the tech-heavy Nasdaq Composite slid 3.56%. Gold rose 1.5%.   Read my posting of yesterday on how just this commodity could trigger a collapse of the USA and World . In particular,  cryptocurrencies Bitcoin ( almost a 10% decline ), Ether ( 14.2% ) and Solana ( 20% ) led the sinking , bringing total liquidations to $14.28 billion, the largest in crypto history.  One of Trump's executive order to allow digital assets to be included in 401(k) plans led to  Bitcoin  soaring to a record high of $124,000 last week.   When to capitalize (b)itcoin?  When referring to the protocol, technology or network.  But lowercase bitcoin is used as a unit of currency....

IS CIVILIZATION ABOUT TO COLLAPSE?

Venezuelan Democracy Advocate Maria Corina Machado today received the 2025 Nobel Peace Prize .  Machado is a 58-year old industrial engineer known as Venezuela's Iron Lady, who has led the opposition to authoritarian President Nicolas Maduro, whose last two elections were obviously fixed, and therefore not recognized by many countries, including the USA. The Nobel Committee awarded this prize for  her tireless work promoting democratic rights for the people of Venezuela and for her struggle to achieve a just and peaceful transition from dictatorship to democracy . If Trump wants to be the victor for this medal next year, he should understand that the Nobel Peace Laureate fights dictatorships, not reach out to become one.   Reaction from  Time  magazine?   TRUMP LOSES NOBEL PEACE PRIZE HE SHAMELESSLY CAMPAIGNED FOR . Donald Trump was no doubt disappointed, but shouldn't have been because the winner is decided most on what that person accomplished i...

PRESIDENT DONALD TRUMP on THE ECONOMY and OTHER MATTERS

 President Donald Trump said this weekend: Is not joking about a third term .  Which is better for the U.S. than he unilaterally just becoming a dictator. Will absolutely deliver on his massive  reciprocal tariff plan on April 2 .  He dubs it Liberation Day. Reasserted that the  U.S. would 100% annex Greenland . Will ban refugees....except for White South Africans .  Guess from where comes Elon Musk?  If so, how many refugees has so far expressed interest?   67,000 . Will approve Canadian firm, The Metals Company, to  mine the deep seabed , circumventing international law, drawing denouncement from 40 countries. Lethargic help to Myanmar  recovering from the damage caused by a 7.7 earthquake.  USAID cuts reduces our ability to provide assistance worldwide. Very angry and pissed off at Vladimir Putin  for continuing the Ukraine-Russia War, a first for Trump, who has been giving the Ukraine house away. From the New York Time...