10.18.19 - Darkening Outlook for U.S.-China Trade Deal

Gold last traded at $1,494 an ounce. Silver at $17.57 an ounce.

NEWS SUMMARY: Precious metal prices traded steady Friday on a weaker dollar. U.S. stocks fell amid weak overseas data while Netflix led Big Tech shares lower.

 

 

 

Cashless Society in China

payment systems 1169825 640The Cashless Society Has Arrived - in China -Wall Street Journal
"After gaining a beachhead as a means to buy things online, mobile payments moved on to store purchases and are fast becoming the way many people in China pay for just about everything....Behind the trend are internet titans Alibaba Group Holding Ltd. and Tencent Holdings Ltd., which are elbowing aside banks to take a growing role in daily commerce.

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Saving the American Dream for the Millennials

buildings 2569493 640Saving the American Dream for the Millennials -American Spectator
"Depending on which study you read, at least half of all Millennials would prefer to live in a socialist country...Moreover, most Millennials favor a greater degree of government interference in ordinary life and are skeptical of cultural conservatism. In sum, most of the Millennials today are radically more left-wing than previous generations....

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Socialism Sounds Sexy to The Young

SocialistWhen Did Everyone Become A Socialist? -New York Magazine
"Polls said a majority of New Yorkers, including Queens residents, favored Amazon’s arrival. As did the mayor, the governor, and the editorial pages of the New York Times and the Daily News....Alexandria Ocasio-Cortez was offended not only by the tax break that greased the Amazon deal but by the company’s corporate makeup: monopolistic, anti-union, run by literally the richest man in the world. Amazon was the face of modern American capitalism, and that was disqualifying enough...

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