03 April 2020, North Rhine-Westphalia, Cologne: Jewellery is presented in the shop window of a ... [+] goldsmith's studio together with toilet paper for decoration. Photo: Henning Kaiser/dpa (Photo by Henning Kaiser/picture alliance via Getty Images)
I often get asked why the price of gold is rising, and, as a follow on, will it continue. The price of gold has always had a significant correlation (80%) with the Fed's balance sheet (i.e., the "money supply"), especially during periods of significant balance sheet expansion (money printing). The table shows the Y/Y change in the money supply of the western world's major economies. The U.S.
In case you are keeping track:
World Donors Demand Change Before Committing Money To Rebuild Beirut
The money to rebuild Lebanon's shattered capital will come only with the same change demanded by mourning protesters in Beirut, said world leaders and international organizations on Sunday after a global aid teleconference.
Over 30 conference participants offered emergency humanitarian aid and pledged help for a "credible and independent" investigation into last week's Beirut explosion, another key demand of the Lebanese crowds who took to the streets Saturday and Sunday.
Money Can't Buy Everything | Fort Scott Biz
Recently, I was at Sutherlands standing in the checkout line, along with other people, when the clerk got on the intercom and announced, "I've got a customer who wants to buy a Bad Boy." The lady behind me asked, "You can buy those?" Even though she was wearing a mask, I could detect a twinkle in her eyes and a big grin. Her response made us laugh; in times like these it's good to join our hearts in laughter!
NY man steals lottery tickets after trying to use fake money, police say
TONAWANDA, N.Y. — A man tried to pass fake cash and buy lottery tickets at an upstate New York convenience store. When the clerk rejected the funny money, the man stole the tickets and bolted from the store.
According to the Tonawanda Police Department, a man walked into a 7-Eleven store and attempted to buy lottery tickets with prop money used in the movies, WGRZ reported. The man was attempting to buy the tickets with fake $20 bills, according to WIVB .
While you're here, how about this:
The Great Money Experiment is Over
One particularly interesting aspect of their discussion concerned China's ability to advance in digital currency deployment and use because of the co-ordinated plans of the technology providers, the institutions and the state. The technological possibilities are a spectrum and there are a wide variety of business models and many institutional arrangements to investigate, balance and optimise. Hence it needs some co-ordination to make something happen.
A Chinese bank employee counts 100-yuan notes and US dollar bills at a bank counter in Nantong in ... [+] China's eastern Jiangsu province on August 6, 2019 (Photo by STR/AFP via Getty Images).
'Dark Money' Campaign Contributions Headed for Record High | Voice of America - English
Nonprofit organizations and other outside groups that don't disclose their donors are spending record amounts of money on the 2020 U.S. presidential and congressional races, signaling their growing influence in national politics.
These so-called "dark money" groups so far have funneled at least $177 million to independent political action committees, known as super PACs, in the 2020 election cycle, according to data compiled by the Center for Responsive Politics, a Washington-based group that tracks money in politics.
Tom Yamachika: How We're Going To Spend CARES Act Money
Thanks to you, we’re ending our campaign weeks early after surpassing our $75,000 goal. We raised $110,000 from over 2,100 donations and welcomed 815 new Civil Beat donors! Mahalo for your overwhelming support of our nonprofit newsroom.
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Imagine what would happen if a genie came up to you and said, "Here's a pot of money for you. All you need to do is spend it by the end of the year. If you don't, whatever you haven't spent will disappear."
Tenino's Wooden Money Program Captures Headlines Across the Globe - ThurstonTalk
A s the COVID-19 pandemic swept through Washington State, City of Tenino leadership, including Mayor Wayne Fournier, sought out creative methods to help Tenino residents and storefronts through the pandemic's unprecedented economic challenges. Resurrecting a depression-era currency program, the City of Tenino implemented the COVID-19 recovery grant , a program that includes the distribution of wooden money to help stimulate the local economy.
"It was evident to everyone in Tenino leadership from the beginning that there would be far reaching economic and personal hardships as a result of the pandemic and associated quarantine," says Fournier.
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