The State distorts metals markets directly with price or import/export controls as well. But regulations regarding permitting and production are more serious and stretch over decades.
In Maryland, Del. Wayne Hartman and Sen. J.B. Jennings are recognized for restoring the sales tax exemption on purchases of precious metals that was controversially repealed in 2025.
China’s entire semiconductor ecosystem is much stronger today due to the creative destruction imposed on numerous industries in China due to the US’s attempt to destroy Huawei.
The CPI only tells part of the inflation story. Relying solely on CPI is a little like looking at the temperature and claiming that you know the weather.
Ironically, Paul sponsored “The Gold Reserve Transparency Act of 2025” along with Sen. Mike Lee that would have produced a comprehensive audit of U.S. gold reserves.
The dollar may remain the world’s dominant reserve currency for some time. But as Maharrey put it at the end of the episode, “the dollar is not what it used to be.”
Rinse and repeat. Hedge funds. Derivatives. Catching falling knives in a falling, highly overpriced housing market. Same old stuff, always with a little different flavor added.
