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“The advancement and diffusion of knowledge is the only guardian of true liberty.”

― James Madison

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The Strange Case Of The Falling Dollar – And What It Means For Gold

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 Written by Brandon Smith Trillions of dollars in uncontrolled central bank stimulus and years of artificially low interest rates have poisoned every aspect of our financial system. Nothing functions as it used to. In fact, many markets actually move in the exact opposite manner as they did before the debt crisis began in 2008. The most obvious example has been stocks, which have enjoyed the most historic bull market ever despite all fundamental data being contrary to a healthy economy. With a so far endless supply of cheap fiat from the Federal Reserve (among other central banks), as well as near zero interest overnight loans, everyone in the economic world was wondering where all the cash was flowing to. It certainly wasn’t going into the pockets of the average citizen. Instead, we find that the real benefactors of central bank support has been the already mega-rich as the wealth gap widens beyond all reason.  Furthermore, it is clear that central bank stimulus is...
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Saudi Arabia Admits To John Kerry That It Created ISIS... But There Is A Twist

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Written by Tyler Durden On the day Barack Obama is kowtowing to his Saudi allies , and just days after a senior Obama administration finally made the admission that has been a "conspiracy theory" for years namely that " a lot of the money, the seed money if you will, for what became Al Qaeda, came out of Saudi Arabia, " the FT is out with another stunning revelation.  The FT has written an article that supposedly focuses on the US sources of growing diplomatic antipathy between the US and Saudi Arabia. The source of disagreement: the treatment of Iran. As US President Barack Obama arrives on a valedictory visit to Saudi Arabia this week, that 70-year-old bargain looks frayed by fractious relations with a ruling House of Saud that is coming under unpredictable new management. The shale-based energy revolution meanwhile shows the potential to liberate the US from dependence on Saudi and Gulf oil. Mr Obama’s main foreign policy achieveme...
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Protectionism Is About Much More than Nationalism

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Written by Ángel Manuel García Carmona   Freedom fighters around the globe are aware of the rise of new and serious attacks against free trade. There are bilateral agreements that "harmonize" regulations and may favor crony capitalism , European agrarian policy tariffs that protect farmers,  alt-right and populist nationalists claims against delocalization of companies , and so on. This short list of examples, reminds us though that protectionism is not only an issue of populist nationalist parties that stem from rivalry among nation states and fear of foreign "enemies."  They do not necessarily stem from nationalistic concerns, but may simply be a result of ordinary special interst politics as with the Common Agricultural Policy which which subsidizes European farmers to produce crops which are often grown more cheaply in developing countries.  Unfortunately, many people continue to be unaware of the multitude of lesser cases of commercial protecti...
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