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5.23.19 - Stable Money Leads To Prosperity

Gold last traded at $1,285 an ounce. Silver at $14.62 an ounce.

NEWS SUMMARY: Precious metal prices rose sharply Thursday on safe-haven buying and a weaker dollar. U.S. stocks fell sharply as U.S.-China trade worries persisted with more companies suspending business with Chinese telecom giant Huawei.

 

 

 

Dems New Plan to Ban Private Medicine

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blood pressure monitor 1749577 640New Democratic Plan Would Ban Private Medicine -Wall Street Journal
"The latest liberal policy idea would effectively end all private health care for many Americans. The proposal, the Medicare for America Act, first appeared as a 2018 paper by the Center for American Progress. It was a plan to expand government-run health care. It's been called 'the Democratic establishment's alternative' to Sen. Bernie Sanders's single-payer scheme. In March, Democratic presidential hopeful Beto O'Rourke endorsed Medicare for America in lieu of the Sanders plan. CNN declared that Mr. O'Rourke's endorsement of Medicare for America demonstrates his 'moderate path,' but the bill is anything but moderate.

Gold Prices Rise on Trade Uncertainty

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gold is money 3055758 640Gold set for a weekly rise as US tariffs on China kick in -CNBC
"Gold prices rose on Friday and were set to post a weekly rise as the United States raised tariffs on Chinese goods and increased fears of a global economic slowdown, with a weaker dollar also offering support to the precious metal. 'Gold is up today and will be up in the short term until there is a concrete resolution to the continuing trade tensions between the United States and China,' said Rob Lutts, chief investment officer at Cabot Wealth Management.

May 10th: A Sort of 'Bad' Black Friday

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trade riftEscalating US-China trade rift risks causing 'bad' Black Friday -Crudele/New York Post
"You've heard of Black Friday. That's a good day for business because consumers start their Christmas shopping. Well, May 10 is also a sort of Black Friday - but the bad kind. It's the day that President Trump increased tariffs on some Chinese goods and add taxes on other products coming into the US from that country. It will definitely be bad for some businesses and will slow down the economies of both the US and China.

There Is More to Life Than Money

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packs 163497 640"The Fountainhead" Shows Us That There's More to Life Than Money -Forbes
"On this day in 1943, Ayn Rand's The Fountainhead was published. It tells the story of an impoverished architecture school dropout, Howard Roark, and how he navigates - or fails to navigate - the New York architecture scene. Rand is a hero in many minds and a villain in many more....The Fountainhead is an entire novel about an artist who refuses to sell out...Unyielding and unwavering commitment to principle is why Roark won't budge.

Democrats See Themselves in Trump

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america 2025465 640Democrats see themselves in Donald Trump -Ponte/WND
"Could it be that Trump Derangement Syndrome is actually self-hatred by subconsciously guilty and ashamed Democrats and their leftist comrades? Do leftists unconsciously know they need to go to rehab to treat their megalomania, but are silently screaming 'No! No! No!' as in the song by the late Amy Winehouse? Sigmund Freud, the father of psychoanalysis, said that an oddity of certain human psychology was what he called projection: a tendency to see in, and blame, others for the evils they refuse to acknowledge in themselves.