U.S. and China are on ‘brink of war’ as gold sees record highs and banking sector troubles intensify
Dummie Funnies: Compare the Work Attitude of Jimmy Hoffa With Today’s Barista
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This week, gold experienced significant price fluctuations driven by heightened volatility. The banking sector faced escalating challenges, leading to a surge in Gold Comex futures, reaching record highs. Additionally, market participants closely analyzed the messages conveyed by Federal Reserve Chair Jerome Powell. However, gold prices were impacted by the stronger-than-expected U.S. employment report released on Friday.
This is an interesting comparison between today’s Gen Z workers and Jimmy Hoffa…Hoffa was the President of the International Brotherhood of Teamsters from the years of 1957 to 1971. Here was a man working 24/7 for American workers so they got fair wages and fair working hours.
According to Andy Schectman, CEO of Miles Franklin, the increasing trend of nations conducting trade outside the U.S. dollar and the growing influence of the BRICS nations will pose a challenge to the world reserve currency status in the future. As more countries diversify their trade relationships and the influence of emerging economies rises, the dominance of the current reserve currency may face hurdles. This reflects the changing dynamics in the global economy and suggests potential shifts in the international monetary landscape ahead.
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