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Mike “Mish” Shedloclk

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2banana
2banana
5 years ago

America’s first war was against muslim pirates taking American sailors as slaves in the Mediterranean.

“To the shores of Tripoli…”

Not one overseas American base. Not one American soldier in muslim occupied lands. Not on American bomb dropped.

Yet America’s first war.

Islam has not changed in 1600 years. Only goofy western leaders and bloggers who have zero logical and historical understanding have changed.

Like why haven’t super rich Arab countries taken a single Muslim refugees even when involved in conflict all around the region?

ML1
ML1
5 years ago

There should be 100 Ron Pauls in US politics.
Unfortunately there is only one.
Ron Paul is right on US foreign policy.

However Ron Paul is wrong to love gold that much and propose that as alternative to the current system.
Also Ron’s son Rand Paul does NOT see the reasons for the insanely expensive US healthcare and therefore has not put up a working plan to fix it.

Stuki
Stuki
5 years ago
Reply to  ML1

Ron Paul doesn’t propose Gold as an alternative to the current monetary “system.” But rather to simply leave people free to decide what to use on their own. Without any government mandates and force. He then simply notes that, whenever similar freedom and symmetry between all participants in a market have been in place, Gold seems to have become the resulting currency of choice.

His healthcare “plan” is along similar lines: Just get rid of everything that has been cooked up since the 50s. In the 50s, the US didn’t really have much of a healthcare problem. Then the government got involved. Just as they did with currencies a half century or so earlier. Prior to both interventions, things worked fine. After, it’s been straight downhill.

ML1
ML1
5 years ago

That Japan situation is just mind-blowing.

Swiss Central bank has also bought stocks all over Europe to put the Swiss francs to work that they have conjured out of thin air to keep the Swiss franc low enough so Swiss industry is competitive.

oudaveguy98
oudaveguy98
5 years ago

Good stuff that definitely won’t get the attention it deserves from the msm. That Japanese central bank ownership of ETFs stat is beyond absurd. Having governments ruin any chance for price discovery and risk determination just isn’t going to be viable long term. That ETF stat leaves me wondering, “when does a market cease to be a market?” We appear to have a Franken-engineered system that has the illusion of a market, some of the participation and characteristics of a market, but something that definitely isn’t a market.

Stuki
Stuki
5 years ago
Reply to  oudaveguy98

The BOJ nominally bought everything themselves. The Fed handed the money to Goldman, so Goldman could buy it. Price discovery is similarly toast in both scenarios.

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