Obama Calls on Muslim States to Protect US Diplomats

President Barack Obama said Tuesday he expected governments in the Muslim world to protect American diplomats, despite their revulsion at a film made on US soil deemed offensive to their faith.

Obama said during a taping of the "Late Show with David Letterman" on CBS that securing US missions overseas was a top priority, following the killings of four Americans, including the US ambassador to Libya, in Benghazi last week.

"The message we have to send to the Muslim world is that we expect you to work with us, to keep our people safe," Obama said.

The president added that "as offensive as this video was -- and obviously we denounced it, the United States government had nothing to do with it -- that's never an excuse for violence."

Excerpts of the film "Innocence of Muslims," produced by a small group of US-based extremist Christians, appeared on YouTube and sparked a contagion of violence against American installations in the Arab world.

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The past several months have seen the price of gold slump even as the Fed and other central banks have accelerated their massive expansion of paper money. Gold is off about 20% so far this year with silver down almost 30%. The old adage--“don’t fight the Fed”--particularly comes to mind now because the US equity markets have been setting new highs during this same period. All of these gains are nominal, you understand, but for terrified American policy makers and investors, nominal is just fine.

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