Category: Art Of The Deal

Golden Era?

Art Of The Deal Great Reset 17 Comments

I’m skeptical that revaluing gold would change much in the finances of the US government, or any other government for that matter, but I’m curious to hear what SDA readers think.

Here’s my take: despite a legislative quirk that pegs the dollar price of gold at a ridiculously low level, I’m quite certain that the creditors to Uncle Sam have already pegged it implicitly at it’s true dollar price. It’s as if your farm was valued at $2 million and you owed $1 million, but your balance sheet hadn’t been updated in years. It’s quite likely that your creditors would have already recalculated that balance sheet for you, or they would not have lent you the money in the first place. Readjust your balance sheet and you will find that you still owe $1 million.

US gold re-marking would have implications for both the Treasury & Fed balance sheets.

  • US Treasury: assets would rise by the value of the gold re-marking & liabilities would rise by the size of gold certificates issued to the Fed.
  • Federal Reserve: assets would rise by value of gold certificates & liabilities would rise by a crediting of cash in the Treasury cash balance (Exhibit 4). And here is the punchline: the Fed balance sheet impact would look like QE though no open market purchases would be required & Fed liability growth would initially be in TGA.

In other words, the best of all words: a QE-like operation, one which see the Fed quietly funnel almost $700 billion in cash to the Treasury… but without actually doing a thing!

“The biggest investment package of its kind in British history.”

Art Of The Deal New Governor 9 Comments

‘You are amongst friends’ – Keir Starmer

@HansMahncke – This is just incredible when you recall that only a few years ago Donald Trump was a a canceled man, banned from TV, erased from social media, his videos scrubbed, and his name forbidden in polite society. And now here he is being honored at a state banquet in Windsor Castle.

Elbows up.

Press conference Live feed.

How Are Those Elbows Holding Up?

47 Art Of The Deal New Governor 15 Comments

Unexpectedly!

Canada’s economy shrank much more than expected in the second quarter as U.S. tariffs squeezed exports, but higher household and government spending softened the blow somewhat, Statistics Canada said on Friday.

The GDP for the quarter that ended June 30 slowed by 1.6 per cent on an annualized basis, while first-quarter growth was downwardly revised to two per cent, the data agency said.s.

Eric Daugherty: United States GDP for Q2? +3.3%. Higher than expected. Maybe Canada should stop trying to go to economic war with President Trump.

Art Of The Deal

Art Of The Deal Tech 19 Comments

Keep flapping those elbows, Canada.

Related, from Lilley: That’s what American ambassador Pete Hoekstra was saying on CBC when asked why Canada wasn’t getting a tariff exemption and Mexico was.

The Trump Whisperer Was Unavailable For Comment

47 Art Of The Deal 8 Comments

eugyppius- In which Trump makes the EU pay $1.35 trillion for the privilege of paying 15% unilateral tariffs on exports & lectures the Eurotards on the stupidity of wind turbines for good measure

Donald Trump has shown up the European Union. He’s revealed that the world’s largest single market is a paper tiger to be kicked around, with basically no leverage or strength to resist American demands.

Telegraph- Trump has just triumphed over the EU

With the tariff deal today between the EU and the US the trade war is effectively over. And yet as the dust settles, one point will surely become clear. Despite all the chaos, this has turned into a triumph for President Trump – and a humiliation for a weakened EU.

Telegraph- This trade deal is the EU’s greatest humiliation since Britain voted to Leave

The Trump Whisperer Could Not Be Reached For Comment, a continuing series…

Art Of The Deal New Governor 10 Comments



“The Europeans Came Scrambling to Him.. Badly Wanted a Deal”

The Trump Whisperer could not be reached for comment, a continuing series…

Art Of The Deal New Governor 32 Comments

Countdown on for Carney

I’ve detailed time and again that Canada is playing games we shouldn’t be playing in these negotiations. I’ve had that intelligence and my reporting verified by multiple sources in government and industry.

We have the wrong negotiating team in place, we are using the wrong tactics, we should change up the roster and the game plan.

Of course, every time I write on this issue and point out these problems I get a barrage from the “Elbows Up!” and “Screw the Americans” segment of Canadian society.

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