News roundup

Originally published at Notes From The Bunker. You can comment here or there.

Oh, let’s see whats floating around the interwebs today:

The Gold Standard Goes Mainstream

An under-reported development of this campaign season is the Republican Party’s decision this week to send Gov. Mitt Romney into the presidential race on a platform effectively calling for a new gold commission. The realization that America’s system of fiat money is part of its economic problem is moving from the fringes of political discussion to the center.

I freely admit that I really don’t know enough about economics to really see both sides of the argument as well as I should…BUT, I will say that given the choice between someone offering me $100 cash and $100 in gold, I’ll take the gold every time.

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Six arrested in two more Central City looting cases; police credit citizens’ vigilance

Six more people were arrested in separate looting cases Wednesday in Central City, and police credit the vigilance of neighborhood residents in helping officers stop the crimes while they were still in progress.

Vigilance is fine, but it’s also a toothless guard dog. Calling 911 is, of course, the proper response to seeing looters working your neighbors house or your buddy’s business. The second proper response, however, usually involves two hand with one holding the stock and the other working the action.

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Perhaps the notion of arming the law-abiding to deter the law-breaking is going international:

Russia May Legalize Possession of Handguns

Federation Council Vice-Speaker Alexander Torshin intends to propose a bill that would allow Russians to possess handguns and use them for self-defense without fear of being exposed to criminal liability. Presumably, the bill will be proposed in the State Duma early next year.

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The world gets more and more interesting every day……..which, of course, is why we prepare.