Gambler replied the topic: Market Sentiment shifting
Treasury secretary invites China to move from dollars to gold
Treasury Secretary Steven Mnuchin warned today that the U.S. may impose additional sanctions on China -- potentially cutting off access to the U.S. financial system -- if it doesn't follow through on a fresh round of United Nations restrictions against North Korea.
The UN Security Council added new sanctions against North Korea after leader Kim Jong Un's regime conducted its sixth and most powerful nuclear test. Mnuchin echoed the U.S. envoy to the UN, Nikki Haley, in calling the sanctions "historic" even though they didnt include U.S. demands for a full oil embargo and a freeze on Kim's assets. The new measures include limiting North Korea's imports of petroleum products and banning textile exports.
"If China doesn't follow these sanctions, we will put additional sanctions on them and prevent them from accessing the U.S. and international dollar system -- and that's quite meaningful," Mnuchin said during an event at CNBC's Delivering Alpha conference in New York. ...
Fort Knox seen it's 1st public visit in over 40 years and among them was Senate Majority leader Mitch McConnell who says it is "freakishly well secured". He claims he was surrounded by $186 billion in Gold. It should be more, like over $300 billion, but that is not the real question.
Why such outlandish measures to protect so little???
Either Fort Knox is one of the world's greatest waste of $$ and security or the Gold there is really worth a lot more??