Putin as King Midas

America and the West are being led into a trap set by Russian dictator Vladimir Putin, mostly because of the craven, benighted "leadership" of Barack Obama and his foolish Russia policy adviser Michael McFaul.  If the Republican Party does not act decisively and soon, we will suffer dire consequences.Between 2005 and 2010, at Putin's direct order, just as the price of gold was setting new records, the Russian Central Bank more than doubled its holdings of the precious commodity.  The Kremlin is now planning to increase those holdings by another 50% even as the price once again strikes a new high ground.A Moscow Times article recently called Putin's 2005 decision "extraordinarily farsighted."  That's because what happened next is that the price of gold tripled: the value of Russia's holdings rose from $4 billion to $12 billion.The MT characterization of Putin's insight is deeply misleading and characteristic of a flawed Western analysis of...(Read Full Article)

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