The concern about the stronger currency, not to worry just yet. We saw that euro jump. Ist weakness on brexit sparking a rebound in the dollar. Your offshore renminbi, we are set to break six weeks of gains. 683 right now. That is below 40 right now. We have copper also and gold on the back foot. Oil prices on track for the biggest twoweek drop since what we saw back in april. Lets get to the first word news, we have Karina Mitchell. Senate democrats have shut down a relief plan proposed by republicans. They failed to get the 60 votes they needed. Estimatedican plan is at anywhere between 500 and 700 billion dollars. The democrats are proposing to. 2 trillion. 2. 2 trillion. Boris johnsons government refused to scrap plans to reignite the divorce accord. The eu is threatening legal action if the u. K. Does not drop the legislation within three weeks. Thes president has painted an optimistic picture. Economic data suggests a strong rebound. They kept policy on hold for Economic Contract
A Spring Chicken anymore i think charlie monger is a few years old or so theyve got him out think about preservation of capital they may have tons of mistakes now they decide to salvage what they can of course one thing you can point to this and say is that this is part of perhaps is dispute with the fed because remember he did want to bail out the airlines i in a way that would give him a good deal and a bigger percentage of the big 4 airlines in america but who outbid him that was the u. S. Federal reserve they gave no Strings Attached to their free money to the airlines which is basically never going to have to be paid back so course warren buffet then dumped his airline shares and then dumped his banking shares in the 2nd quarter and while he was buying gold im buying back at half a 1000000000. 00 with the barrick gold he and i want to point out that colombia the country you know they sold 2 thirds of their gold in june alone so you know they were getting out theres always down mon
A 1000000000. 00 with the barrick gold he i want to point out that colombia a country and they sold 2 thirds of their gold in june alone so you know they were getting out theres always down money and theres always smart money at the table so if you dont know that the sucker is at the table it could be you you were right well you know the fed is out buffeting buffett right if it were taught fraud how to commit fraud to the central bank you put a lot of money in and buy stocks that go up because youre buying stocks that go up right so he made that game possible and so but the fed figured out wait a minute why are we letting warren take all this fraud money we should get some of those fraud money so now the fed as ive often buffett so something look for buffett to do you know he is entering the game of Precious Metals and Precious Metals is a nonstop sort of manipulated market. J. P. Morgan has been fined over the past 2 years for manipulating the prices on gold and silver i think theyre
Bringing together huge months if you get too much data so you actually create a lot of friction in the Decision Making you start shooting a story shooting now theres a real fight going on is how do you stop it once the scenes are started it. Wide Headline News 247 malcolm this is the international from moscow glad you could join us on call embrace taking you through saturdays developing stories 1st for you guests invited to the white house to hear Donald Trumps speech at the end of the Republican Convention have complained of being harris to as they left the event senator rand paul says he was targeted and he wants the f. B. I. To investigate. The senator claims that both he and his wife were set upon by crowds protesters shouted at them and also pushed the officers who were with them ron paul says he felt their lives were at risk they were shouting threats. To kill us to hurt us but theyre also saying shout shouting save her name briana taylor. Like live black lives massive protest ha
But also silver. When the first settlers came to jamestown they were hoping to find the same supplies of gold found by the spaniards and bitter disappointment not to find gold in the whats now virginia and brought with them jewelers and gold smiths. Americas first gold rush took place in georgia in 1829 in north georgia. If youve been about 100 miles north, you would see the old lump kin county courthouse has been converted into a gold mining museum. Its about 100 miles up the road. What happened was, first gold was discovered and people started pouring into the area in huge numbers because of the intoxicating possibility that gold would make them wealthy quickly. Until then this had been an area really beyond the line of settlement. But suddenly now the White Settlement catches up very quickly. Here is the governor, george gilmore, describing what it was like meeting the georgia miners in 1829. Many thousands of idle people flocked into georgia from every point of the compass whose pe