Cryptocurrency News Donald Trump gold Iran U.S. Politics 

Iran Punks Trump With Historic Gold-Backed Crypto Scheme

Days after President Trump slammed bitcoin and the very idea of crypto, geopolitical foe Iran revealed that it is ready to unveil its own gold-backed cryptocurrency. Gold held in reserve by the Middle East country’s central bank will back the value of tokens on the blockchain of Iran’s new central bank “cryptocurrency” – which might be a generous term. The crypto will be mined by a small consortium of private Iranian tech companies. The move could further complicate tensions between the oil-rich country and the United States. News of the…

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Cryptocurrency News Donald Trump federal reserve judy shelton U.S. Politics 

Trump’s Fed Pick Isn’t Just a Gold Bug

White House economic adviser Judy Shelton made headlines last week after President Donald Trump nominated her to the Federal Reserve Board of Governors. The mainstream press and finance industry were surprised to learn Trump’s Fed pick is a “gold bug.” She advocates returning the U.S. Dollar to the “gold standard.” President Trump’s Fed Nominee Dr. Judy Shelton discusses her support of a return to the gold standard and her critical take on central bank activity “Money is meant to serve as a reliable measure.”@CNBC — Squawk on the Street…

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bitcoin Cryptocurrency News Donald Trump Opinion 

Bitcoin is Money! Wall Street Vet Schools Donald Trump after Surprise Tweet

President Donald Trump ruffled many feathers and raised quite a few eyebrows when he took on bitcoin and other cryptocurrencies during one of his characteristic Tweetstorms. Apparently, Trump has a fair idea of what bitcoin is and what it can do, and his tweets make it clear that he is not a fan of cryptocurrencies. I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade…

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bitcoin Cryptocurrency News Donald Trump 

Trump’s Dislike of Bitcoin Unites and Emboldens Crypto Community

The other shoe has dropped, and the president of the United States doesn’t like bitcoin. While disappointing, it’s not entirely shocking that a man who accumulated his wealth in the real estate market would take issue with a non-sovereign currency. His rejection of the digital currency, however, largely seemed to inspire a collective sigh of relief from the crypto community. Perhaps it has something to do with the fact that even President Trump can’t stop bitcoin. As Gemini Co-Founders Cameron and Tyler Winklevoss pointed out earlier this week, the only…

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Donald Trump S&P 500 U.S. Market News U.S. Politics 

Bullish S&P 500 Index Signals Likely Trump 2020 Victory

Up almost 50 percent since his election and recently hitting fresh all-time highs, the S&P 500 index could be signaling expectations Trump may be reelected. Stock Market Suggests Investor Confidence The economy under Trump has shown few signs of slowing down. The economy gained 224,000 jobs in June, according to a monthly employment report released Friday. That brings monthly job growth for April, May, and June to an average 171,000 jobs. Wages are also on an uptick, 3.1 percent up for hourly paid workers over the past year. But it…

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Donald Trump Dow Jones nasdaq Op-ed S&P 500 U.S. Market News 

Dow, S&P 500, Nasdaq Smash All-Time Highs in Record-Breaking Day

The Dow Jones Industrial Average closed out at an all-time high today at 26,966, as did the S&P 500 at 2,995.82, and the Nasdaq at 8,170.23 – just shy of its intraday high. The Incredible Rising Stock Market The Dow Jones is now up 43 percent since Election Day of 2016, reflecting the country’s optimism at Donald Trump’s stewardship of the economy, as well as favorable tax policy and earnings growth. Presidents do not control the stock market. Their economic policies can influence both perception and actions. In the case…

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Donald Trump Twitter U.S. Business News U.S. Politics 

Donald Trump Says Big Tech Is Not Treating Him Right But He’ll Still Win

President Trump and Big Tech have had a contentious relationship, and it isn’t getting any better in time for the 2020 election. In an interview with Tucker Carlson on Fox News, Trump called out tech leaders including Google, Facebook, Twitter, and Amazon, saying that these companies are “fighting me hard right now.” He is quick to point out, however, that despite their best efforts, Big Tech was not able to stop him in the last election and they won’t be able to stop him this time, either. In April, Donald…

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Donald Trump Dow Jones Kim Jong-un U.S. Business News U.S. Market News U.S. Politics Vladamir Putin Xi Jinping 

Dow Rampages to Triple-Digit Gains with Trump’s ‘New World Order’

Dow Jones futures rocketed 250 points higher on Monday after Donald Trump’s whirlwind weekend of diplomacy. In a matter of days, he eased trade tensions with China, struck a friendly tone with Russia, and became the first sitting US president to step into North Korea. The string of diplomatic meetings led one commentator to christen Trump’s “new world order.” Whether it’s political theater ahead of Trump’s re-election campaign or meaningful progress, traders reacted positively, sending the Dow into a triple-digit surge and the stock market into a broad recovery. Dow…

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