America

When it comes to the future of the US economy, capital markets, the strength of the dollar, and tax policy in general, few proposals are likely to have as much of an impact as the border adjustment tax, or BAT, which as we profiled before, could have a significant impact on the value of the dollar, pushing it as much as 15% higher, and leading to dramatic changes in global trade patterns. As a reminder, House speaker Paul Ryan is the primary advocate of the BAT, arguing this effective $1.2 trillion tax on imports is the only way Congress can pay for Trump's proposed massive tax cuts.

By Chris at www.CapitalistExploits.at

Market dislocations occur when financial markets, operating under stressful conditions, experience large widespread asset mispricing.

Welcome to this week’s edition of “World Out Of Whack” where every Wednesday we take time out of our day to laugh, poke fun at and present to you absurdity in global financial markets in all its glorious insanity.

Democratic Senator and Hillary Clinton running mate Tim Kaine has called for a civil war in America to “fight the Trump administration”. On Tuesday’s Morning Joe show on MSNBC, Kaine said that members of the public should take to the streets and do everything they can to force Trump out of the White House. Thegatewaypundit.com reports: Partial Transcript: MIKA BRZEZINSKI, CO-HOST “MORNING JOE”: So, broad question about the future of the Democratic Party, especially given your firsthand experience with what we’ve all been through.

Iran has issued a warning to America, saying that they will use military force if President Trump continues to violate international protocols. The warning follows National Security Advisor Michael Flynn’s press briefing on Wednesday in which the White House delivered a stern threat to the Iranian regime. Thegatewaypundit.com reports: The Obama administration failed to respond adequately to Iran’s malign actions, including: weapons transfers, support for terrorism, and other violations of international norms.

President Trump has gone on the record saying that he is in favor of reintroducing the gold standard in order to make America great again.  The gold standard is a system in which currency values are directly tied to gold, allowing nations that have different currencies to exchange gold with eachother.