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While Oman has attempted to remain neutral in the US/Iran dispute, President Trump has for the second time threatened to attack the small country if it "gets in the way." Will this come back to bite the US, or will Trump's bluster frighten Oman into submission? Also today, what about those gas prices?
Sanctions on Iran have run for many decades. Military actions have been taken. Every threat has been made. Every lie has been (repeatedly) told. Oil reserves are running low. American bases have been destroyed. American sailors are tragically jumping ship. How long will the Trump Administration drag this out?
The Washington Post is reporting that the CIA had dismissed as not credible an Israeli warning of a plot to harm the president this summer in Turkey. Was the Israeli "gift" of intelligence just a self-serving plot? Also today: US Sailors are attempting suicide after lengthy deployments in the Middle East.  Get your tickets to the RPI Summer Conference: https://www.eventbrite.com/e/front-row-at-the-revolution-tickets-1993559465025?aff=oddtdtcreator
In a Wednesday social media post, President Trump has declared that the US controls the Strait of Hormuz and that the US would likely "keep it." He repeated his previous claims that Iran has "no navy" and "no air force." Is this just another in a series of delusions on his part...or is he setting the stage to walk away?
President Trump has answered Iran's call for US compensation over its unprovoked attacks on the country with a demand from Iran for compensation to the US and to its own citizens. Using widely inflated figures for protesters killed in Iran and inaccurate claims of Iran's involvement in past terrorist attacks, Trump's attempt to turn the tables on Iran appears almost comical. Also today: Why do we keep losing wars?  Get your tickets to the RPI Summer Conference: https://www.eventbrite.com/e/front-row-at-the-revolution-tickets-1993559465025?aff=oddtdtcreator
The largest military spending increase in modern times is before the US Senate, with some Republicans balking at the huge price tag at a time when more Americans are feeling the crush of inflation. The midterm elections are just a few months away and the Pentagon has just lost its war on Iran. Will we see a revolt in the GOP? Also today, Trump claims to be "low-keying" his negotiations with Iran. What does that mean?  Get your tickets to the RPI Summer Conference: https://www.eventbrite.com/e/front-row-at-the-revolution-tickets-1993559465025?aff=oddtdtcreator
By Ron Paul
This month marks 55 years since President Richard Nixon closed the “gold window,” severing the last link between the US dollar and gold. Under the 1944 Bretton Woods agreement, foreign countries pegged their currencies to the US dollar, which was then pegged to a fixed value of gold. Foreign countries could exchange their dollars for gold at a rate of 35 dollars per ounce. In the late 1960s, concerns about the dollar’s stability increased because of President Lyndon Johnson’s spending on the war in Vietnam and “the Great Society.” This spending, which continued under President Nixon, was responded to by an increase in foreign countries converting their dollars into gold. Concerns that the US gold reserve was being drained led President Nixon to close the gold window. Closing the gold window left the US with a pure fiat currency. The results have been disastrous. The dollar has lost over 97 percent of its purchasing power since the Federal Reserve was created in 1913, with most of the dollar’s decline occurring since 1971. Fiat money is the real cause of the affordability crisis. Fiat money encouraged the growth of federal spending. By severing the last link between the dollar and gold, President Nixon enabled the Fed to monetize an ever increasing amount of federal debt. The federal debt was around 400 billion dollars when President Nixon closed the gold window. Just ten years later, the federal debt reached a trillion dollars. Today, the federal debt exceeds 39 trillion dollars and increases by a trillion dollars every three to five months. The expanding national debt puts pressure on the Fed to keep interest rates low. This is because a small increase in the national debt substantially raises the government’s debt payments. The average American’s paycheck is not keeping up with inflation. The American people’s eroding standard of living is making them wary of Republicans like Resident Trump who claim the solution to the people’s economic problems includes big economic interventions including tariffs, more spending, and government “investment” in private business. Some Americans are finding appeal in self-described democratic socialists who promise to solve problems with more government spending. Of course, expanding government, whether done by Republicans or Democrats, will only make the economic problems worse by increasing government debt. The increased debt will increase the pressure on the Federal Reserve to monetize the debt, further eroding the dollar’s purchasing power and lowering the people’s standard of living. Eventually, the dollar’s erosion will lead to a major economic crisis, likely involving a rejection of the dollar’s world reserve currency status. The closing of the gold window inspired me to run for Congress and increase my involvement in educational and advocacy organizations. In 2021, my Institute for Peace and Prosperity sponsored a conference concerning the fiftieth anniversary of Nixon closing the gold window. Those interested in attending future conferences should go to the Ron Paul Institute website for information about our upcoming DC conference on Labor Day weekend.
Perhaps to distract from the debacle created in Iran, President Trump has been pushing the narrative that there are communists under our beds. Meanwhile, Gavin Newsom posted on X that "DONALD TRUMP IS THE LEADING SOCIALIST OF OUR TIME!" Are they both correct? Is America ruled by Socialist Team Red and Socialist Team Blue?
Commentator Tucker Carlson released a 10 point framework for a new America-first movement that is seriously rattling what remains of MAGA. After a widely-reported meeting with Marjorie Taylor Greene, Joe Kent, and Thomas Massie, the release of the manifesto is fueling speculation that Carlson has his eye on a 2028 presidential run. Is the GOP headed for a MEGA crack-up?  Get your tickets to the RPI Summer Conference: https://www.eventbrite.com/e/front-row-at-the-revolution-tickets-1993559465025?aff=oddtdtcreator
The heavily AIPAC-supported Haley Stevens suffered a defeat in yesterday's Michigan US Senate primary. AIPAC poured in reportedly more than $30 million to defeat newcomer Abdul El-Sayed, yet the leftist candidate won the race. Is America going socialist...or is this the Iran war coming back to bite Israel-firsters in Congress?
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