“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. “
Congress is left with a long list of vital decisions to be made that will affect Americans, especially the unemployed.
WASHINGTON (AP) — Back to work on Monday, Congress faces a hefty list of unfinished business and a politically driven agenda in an election year that will determine control of the House and Senate. President Barack Obama's nomination of Janet Yellen to head the Federal Reserve and a three-month extension of benefits for the long-term unemployed