What Happens to the USD if the Government Shuts Down?

Thank you. It is a pleasure to be back here in Rhode Island. The last time I had the opportunity to speak to the Greater Providence Chamber of Commerce was in the fall of 2019. I noted then that, "if the outlook changes materially, policy will change as well." Little did any of us know! Just a couple of months later, the COVID-19 pandemic arrived. Both the economy and our policy evolved dramatically in ways no one could have predicted. Along with actions by Congress, the Administration, and the private sector, the Fed's aggressive response helped stave off historically severe downside risks to the economy. The COVID pandemic came on the heels of the painfully slow decade-long recovery from the Global Financial Crisis. These two back-to-back world historical crises have left behind scars that will be with us for a long time. In democracies around the world, public trust in economic and political institutions has been challenged. Those of us who are in public service at this time need to focus tightly on carrying out our critical missions to the best of our ability in the midst of stormy seas and powerful crosswinds. Throughout this turbulent period, central banks like the Fed have had to develop innovative new policies that were designed to deliver on our statutory goals during times of crisis, rather than for everyday use. Despite these two unique, extremely large shocks, the U.S. economy has performed as well or better than other large, advanced economies around the world. As always, it is essential that we continue to look back and learn the right lessons from these difficult years, and that process has been ongoing for more than a decade. Turning to the present day, the U.S. economy is showing resilience in the midst of substantial changes in trade and immigration policies, as well as in fiscal, regulatory and geopolitical arenas. These policies are still emerging, and their longer-term implications will take some time to be seen. Economic Outlook *POWELL: UNCERTAINTY OVER INFLATION’S PATH REMAINS HIGH FED CHAIR POWELL: DOWNSIDE RISKS TO EMPLOYMENT SHIFTED BALANCE OF RISKS, PROMPTING LAST WEEK'S RATE CUT POWELL: RATE CUT WAS ANOTHER STEP TOWARD A MORE NEUTRAL POLICY STANCE FED’S POWELL REITERATES THERE IS NO RISK-FREE POLICY PATH AHEAD Fed's Powell: Reasonable base case is that tariff-driven inflation effects will be relatively short-lived. Powell Says Policy Is Still Slightly Restrictive And Ready To Change If Needed

After reviewing the details of the unserious and ridiculous demands being made by the Minority Radical Left Democrats in return for their Votes to keep our thriving Country open, I have decided that no meeting with their Congressional Leaders could possibly be productive. They are threatening to shut down the Government of the United States unless they can have over $1 Trillion Dollars in new spending to continue free healthcare for Illegal Aliens (A monumental cost!), force Taxpayers to fund Transgender surgery for minors, have dead people on the Medicaid roles, allow Illegal Alien Criminals to steal Billions of Dollars in American Taxpayer Benefits, try to force our Country to again open our Borders to Criminals and to the World, allow men to play in women’s sports, and essentially create Transgender operations for everybody. These Radical Left Views and Policies is what allowed me to win the Presidential Election, including all seven Swing States, and the Popular Vote, IN A HISTORIC LANDSLIDE. There are consequences to losing Elections but, based on their letter to me, the Democrats haven’t figured that out yet. They are trying to eliminate the popular $50 Billion Dollar Rural and Vulnerable Hospital Fund, which was passed with only Republican Votes, and proudly signed into Law by ME. The Democrats in Congress seem to have totally lost their way. They obviously have no idea what it means to put America First or to MAKE AMERICA GREAT AGAIN! All Congressional Democrats want to do is enact Radical Left Policies that nobody voted for — High Taxes, Open Borders, No Consequences for Violent Criminals, Men in Women’s Sports, Taxpayer funded “TRANSGENDER” surgery, and much more. Few people voted for what they represent, which would lead to the destruction of America. Instead, people voted for COMMON SENSE, and that’s what the Republicans and your President, “DONALD J. TRUMP,” stand for. I look forward to meeting with them if they get serious about the future of our Nation. We must keep the Government open, and legislate like true Patriots rather than hold American Citizens hostage, knowing that they want our now thriving Country closed. I’ll be happy to meet with them if they agree to the Principles in this Letter. They must do their job! Otherwise, it will just be another long and brutal slog through their radicalized quicksand. To the Leaders of the Democrat Party, the ball is in your court. I look forward to meeting with you when you become realistic about the things that our Country stands for. DO THE RIGHT THING!DONALD J. TRUMP, PRESIDENT OF THE UNITED STATES OF AMERICA TRUMP: I HAVE DECIDED THAT NO MEETING WITH DEMOCRATS CONGRESSIONAL LEADERS COULD POSSIBLY BE PRODUCTIVE

Bearish view Sell the BTC/USD pair and set a take-profit at 105,000. Add a stop-loss at 118,000. Timeline: 1-2 days. Bullish view Buy the BTC/USD pair and set a take-profit at 118,000. Add a stop-loss at 105,000. Bitcoin price plunged to below the crucial support at $112,000 as leveraged bets worth billions of dollars were wiped out. The BTC/USD pair has ...