Gold bullion coin and bar demand surged in Q3 as gold’s continuing COMEX driven price weakness in July and sharp falls in stock markets in China and globally in August saw store of wealth buyers internationally again accumulate bullion.
The failure of the Fed’s policies of massive money creation, corporate bailouts, and quantitative easing to produce economic growth is a sign that the fiat money system’s day of reckoning is near. The only way to prevent the monetary system’s inevitable crash from causing a major economic crisis is the restoration of a free-market monetary policy.
"People who have spoken truth to power get retired," raged McCain, "all you have to do is look at a map of the Middle East in 2009 and then compare it to a map of today," to see an utterly failed strategy..." adding - as perhaps a veiled threat - "there’s a level of dissatisfaction among the uniformed military that I’ve never seen in my time here."
"This is not our war. I cannot condemn in strong enough terms this ill-advised US military escalation in the Middle East. Whoever concluded that it is a good idea to send US troops into an area already being bombed by Russian military forces should really be relieved of duty."
Trump embodies the American zeitgeist, circa 2015 – its virtues, its vulgarity, its inchoate mixture of common sense and incoherence. You may not like Donald Trump, for any one of a number of reasons, but anti-interventionists have to give him some credit for opening up the presidential debate to a critique of US foreign policy that hasn’t been seen or heard since the Ron Paul campaign.
With less than two weeks until a possible debt ceiling "accident" and with investors dumping T-Bills at near record pace, Ron Paul rages that any delay in, or opposition to, raising the debt ceiling will inevitably be met with hand-wringing over Congress’ alleged irresponsibility. But the real irresponsible act would be for Congress to raise the debt ceiling.
"All The Fed has is credibility" and, as Ron Paul expounds, by folding on a 25bps rate hike, it tells you how fragile this system is... built on a foundation of sand." Indeed, if stocks weren't held up, that would be another 'signal' of the fragility... "and that is why they created The Plunge Protection Team." By "manipulating the most important price in markets," Paul concludes, "we are at the climactic end of the 'system' that started in August 1971."
Depending on one’s point of view, Bernie Sanders either held his own or boosted his chances against perceived front-runner Hillary Clinton in Tuesday night’s Democratic presidential primary debate. Regardless of whether Sanders ultimately secures the nomination, the size and energy of the Bernie phenomenon should not be underestimated. If anything, libertarians consistently misjudge the degree to which socialist thought is deeply rooted in the American psyche.
It may be tempting to cheer Russian military action in Syria, as it seems ISIS is finally suffering some considerable losses. But I cannot cheer the bombs, whether they are Russian bombs or US bombs or French or British bombs. I do not believe a terrorist group created by foreign intervention in the region will be solved by more foreign intervention in the region. Bombs represent a total failure of policy. They destroy a country’s economy and infrastructure.