# Market Theater, Gold, and the AI Bubble

Page: https://stenobird.com/podcast/minor-issues-6016417/market-theater-gold-and-the-ai-bubble
Text version: https://stenobird.com/podcast/minor-issues-6016417/market-theater-gold-and-the-ai-bubble.md
Podcast: [Minor Issues](https://stenobird.com/podcast/minor-issues-6016417)
Published: 2026-09-05T11:00:00+00:00
Episode link: https://mises.org/podcasts/minor-issues/market-theater-gold-and-ai-bubble
Audio file: https://dts.podtrac.com/redirect.mp3/cdn.mises.org/2026-09/193_Minor-Issues_Thornton_20260905.mp3
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## Resource

Mark Thornton opens by tracing the Soros-linked circle of Scott Bessent, Stanley Druckenmiller, and Kevin Warsh, arguing that Treasury and Fed officials are using currency moves, bond buybacks, and market-signaling games to hold the system together through Election Day. He connects Bessent’s yen and Treasury interventions, Warsh’s Jackson Hole remarks, gold and silver volatility, and the broader effort to mask weak bond markets and a falling dollar.  On Side B, Mark joins TastyLive to discuss the market consequences: precious metals and commodities as relief valves, AI debt as a classic Austrian business cycle malinvestment, why productivity gains cannot cure monetary inflation, and why rate hikes may hurt financial markets and indebted consumers without fixing war-driven price shocks. 2026 is the Year of Rothbard—Murray's 100th birthday—and we're celebrating by giving away free copies of Economic Depressions: Their Cause and Cure through September 30. Grab yours today at https://mises.org/issuesfree 20% off listener offer on the insulated Minor Issues tumbler and three of Mark's books: https://mises.org/MinorIssuesTumbler . Use coupon code Thornton. Be sure to follow Minor Issues at https://Mises.org/MinorIssues

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## Transcript

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