The attack on Saudi oil production was an attack on the petro-dollar. If the FOMC raises interest rates on September 18, the everything bubble could pop. If they keep interest rates the same or lower interest rates, the gold price could go higher, weakening demand for the dollar.

Excerpts from the Basel Committee on Banking Supervision’s regulations: Basel III: Finalising post-crisis reforms. Notably, gold is considered to be on par with cash. That probably has something to do with why central banks have been net buyers of gold since 2008 for the first time since 1987

Bring me a denarium, and let me look at it. When they brought it, he asked them, Whose is this likeness? Whose name is inscribed on it? Caesar’s, they said.

Bitcoin is digital gold. Is it better than physical gold?

The longer a loan needs to be, the higher the interest rate will be to reflect the additional period of time that the creditor cannot spend their money. An inverted yield curve is where shorter term loans are yielding higher interest rates than longer term loans. This does not happen in a free market and reflects a distortion in the market.

Civil disobedience must be tolerated by governments whose citizens or subjects are armed. It need not be tolerated if the people are disarmed.

The history of the dollar from the Continental, to gold and silver coin, to the Federal Reserve Note.

Freedom is the basis of free markets economics.

Communism is a stateless society where everyone produces according to ability and consumes according to need. Socialism aims to create the stateless communist society by increasing the power of the state. This is the heart of why Marxism has always failed.

Comments on the opinions of Ray Dalio, Rick Rieder, and Alan Greenspan