GOLD 0.51% $1,391.7 gold futures

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  1. JFI
    6,837 Posts.
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    Currently vacant Council of Economic Advisers Chairman position and 3 Federal Reserve board positions now and 5 Federal Reserve board positions by 2018 if Yellen and Fischer get their marching orders… (7 board members) if Trump puts in either Judy Shelton and/or John Allison in any of those positions then it will be an obvious sign that we are in the red zone of change in my mind. I think this is going to happen that one or both of them will get one or two of the potentially six positions up for grabs.

    Whether the Fed gets wound up or would be made to operate within the structure of a gold trade system or gold backed national or international gold standard I am not sure. I think all these options are being finalised currently. My best call is that it will be gold backed trade for fair international trade to start with and then a move to something grander.

    JFI
 
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