The six foreign currencies and their relative “weights” in the USDX are:
Euro (EUR), 57.6% weight
Japanese yen (JPY) 13.6% weight
English pound sterling (GBP), 11.9% weight
Canadian dollar (CAD), 9.1% weight
Swedish krona (SEK), 4.2% weight
Swiss franc (CHF) 3.6% weight
First, note that the most heavily-weighted foreign currency is the euro which makes up almost 58% of the total “weight” of the six foreign currencies in the USDX. Changes in the perceived purchasing power of the euro can have a significant effect on the USDX. Changes in the purchasing power of the Swiss franc (just 3.6% of the total weight of the six foreign currencies) will have only a negligible effect on the USDX.
A MSM news anchor hits the gag reflex on a MSNBC TV show.
It’s a beauty. The truth will out.
French jet ski champion and inventor, Franky Zapata, tests his “Flyboard”.
For the moment, this machine will only fly for a maximum of 10 minutes. But you can see where this is going. Most of us will live long enough to see a moment when some sort of personal, flying transportation is no only possible, but even practical. We live in extraordinary times.
If I were 40 years younger . . . . To heck with the 40 years–I want one!
Both of the following videos are extraordinary and appalling. They record an A.D. 2010 shooting of Jeff Weinhaus by FBI and police officers.
First, the video is appalling in that law enforcement lured Weinhaus to a meeting and then tried to murder him for no apparent reason other than willful failure to kiss ass.
Second, it’s appalling that if government shoots a black man, all hell breaks loose, but when government shoots a white man, nobody seems to care.
Third, it’s appalling that this video was posted on February 14th, A.D. 2016, and, so far (after nearly two months on YouTube), it’s reportedly received only 36,063 views. Maybe that’s because the shooting took place almost six years ago. Still, this video should go viral. Public indifference to this shooting is scarier than the shooting itself.
One of the best things you can do to prevent future murders or attempted murders by government thugs is to send a link to this video to everyone on your email list. If we can make the video go viral, we can slow the government down. If we ignore the video and don’t “push it” to others, our indifference will encourage government to shoot even more Americans.
If you don’t care enough to protest when others get shot, don’t expect others to protest when you get shot.
The deeper government goes into debt, the more determined government should be to cause inflation.
If you want to stop or slow inflation, stop government borrowing. Enforce a pay-as-you-go fiscal system wherein government can only spend the revenue it has actually collected in taxes and can’t borrow more against future generations.
A pay-as-you-go fiscal system won’t, by itself, stop inflation. But it will remove government’s incentive to inflate and thereby help slow or stop inflation.
That article points out that monetary inflation isn’t new or unintended. I was surprised to read that special interests have advocated that government adopt inflationary policies since the early 1800s.
But, what’s really surprising, is the article’s claim that physical silver coin was originally advocated as a means to inflate the gold-based monetary system. The silver coin was added to the money supply for the purpose of increasing the money supply; thereby inflating and devaluing the gold-based dollar; and making it easier for debtors to discharge their debts by providing a mass of new, cheaper currency—silver coins.
This implies that silver has never been a true equivalent to, or substitute for, gold since silver was more inflationary than gold.
• I’m going to pull one paragraph from that article and draw some inferences.
“Efforts to induce inflation into the American economy, the panacea of debtors, had been present from earliest times [in American history]. Some of this enthusiasm was devoted to paper money schemes, such as the land bank ideas of colonial times and the greenback agitation of the post-Civil War era. Others hoped to lessen debtors burdens by enacting programs dealing with the nation’s coinage.”