United States

Jack Ma, the billionaire founder of Alibaba — the Chinese company that surpassed Wal-Mart as the world’s largest retailer in 2016 — said the United States wasted $14 trillion dollars wasted on warfare in the last 30 years, money that should have been spent on domestic infrastructure and programs for the people instead. During an interview at the World Economic Forum in Davos, Switzerland, CNBC’s Andrew Ross Sorkin asked Ma about his thoughts on the American economy and how it relates to China. President Trump’s stance has been anti-China — accusing the Asian superpower of siphoning U.S.

President Trump’s brief inaugural speech was a declaration of war against the entirety of the American Ruling Establishment. All of it.

Submitted by Nick Giambruno via InternationalMan.com,

On August 15, 1971, President Nixon killed the last remnants of the gold standard.

Since then, the dollar has been a pure fiat currency, allowing the Fed to print as many dollars as it pleases.

Removing the US dollar’s last link to gold eliminated the main motivation for foreign countries to store large dollar reserves and to use the dollar for international trade.

Trump’s Declaration of War

Paul Craig Roberts

President Trump’s brief inaugural speech was a declaration of war against the entirety of the American Ruling Establishment. All of it.

Submitted by Lance Roberts via RealInvestmentAdvice.com,

Today is the day.

It’s inauguration day for Donald Trump as the 45th President of the United States.

For half of you – it is the beginning of an economic resurgence last seen during the Reagan administration. It is the “best of times.”

For the other half – it is the beginning of the “dark ages.” 

So goes politics. But politics and investing are poor bedfellows.