Today's Featured Article:
For years, I had a fight with The Wall Street Journal editorial
board over its front-page summary of market indexes, which
highlights a dozen daily indicators, including stocks, bonds,
oil, the dollar, etc. Yet it deliberately omitted the
single-most significant asset that each day measures the level
of geo-political and monetary stability around the world: Gold!
Dan Henninger, deputy managing editor of The Journal, wrote me,
"We do not believe gold is the best indicator of inflation."
Since the Keynesian revolution of the 1930s, gold has been
relegated to a "barbarous relic." The establishment prefers flat
money to the gold standard. It wants government rather than the
market to maintain authority
Read more...
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