By the SRSrocco Report,
The U.S. will never go back on a gold standard. The notion that a U.S. Dollar backed by gold would solve our financial problems is pure folly. Why? Because, if the U.S. Empire didn't abandon the gold standard in 1971, it would have collapsed decades ago.
For the first time in 64 years, atomic scientists reset their symbolic "Doomsday Clock" to its closest time to midnight on Thursday, saying the world was closer to catastrophe due to threats such as nuclear weapons, climate change and Donald Trump's election as U.S. president. The timepiece, devised by the Chicago-based Bulletin of the Atomic Scientists and displayed on its website, is widely viewed as an indicator of the world's vulnerability to disaster.
The "clock's" hands were moved to two minutes and 30 seconds to midnight, from three minutes.
When Trump unexpectedly won the election, and futures staged one of their most dramatic rebounds in history, surging from limit down to solidly in the green, Wall Street promptly goalseeked their economic assumptions "chasing the price", quickly going from bearish to bullish, and nobody did it faster or more conclusively than Deutsche Bank, which seemingly overnight flipped from one of the biggest bearers of gloom on the outlook for the US economy, to one of its biggest cheerleaders.
Employees from U.S. government agencies have set up a network of unofficial “rogue” Twitter feeds defying what they see as attempts by Donald Trump to muzzle federal climate change research and other science. Using Trump’s favorite mode of discourse, scientists from the Environmental Protection Agency (EPA), NASA and more than ten other bureaus have privately launched Twitter accounts, borrowing the names and logos of their agencies, to protest restrictions they view as censorship and to provide unfettered platforms for their information.
With Theresa May - preparing to enact Article 50 officially starting the Brexit process from the EU - set to meet Trump tomorrow as the new US president's first meeting with an international leader to lay the groundwork for a U.S.-U.K. trade deal, the outcome will provide the first test for how world leaders can deal with Donald Trump, who has put the world on edge with his recent push for isolationism and trade protectionism, culminating most recently with his tweet that Mexico's president needn't bother visiting if Mexico will not pay for the wall along the Mexican-US border.