“If dollar inflation emerges, China’s Treasury holdings will devalue, but the dollar price of its gold will soar. A large gold reserve is a prudent diversification. Russia’s motives are geopolitical. Gold is the model 21st century weapon for financial wars.The US controls dollar payments systems and, with help from European allies, can eject adversaries from the international payments system called Swift. “
When the presidential candidates vowed on Sunday to eliminate the “carried-interest” loophole, they left out some important context.
The only thing Hillary Clinton and Donald Trump seemed to agree upon in last Sunday’s debate — indeed, one of the few substantive policy exchanges they had — was the need to eliminate a tax benefit that collectively saves private equity, real estate, and venture capital partners billions of dollars each year. But their exchange might have left