Officially, the U.S. has far more gold than China. But does it really? In this week's Midweek Memo podcast, Mike Maharrey explains why there is reason to doubt this claim. In fact, we don't really know how much gold the U.S. or China holds. We have official claims, but the U.S. refuses to audit its..
Read moreInflation Is Grinding Us Down! But You Knew That Already!
We all intuitively know that prices are rising faster than the Consumer Price Index (CPI) indicates. We feel the pain every time we go to the grocery store or gas station. But just how much is price inflation impacting us here on Main Street? I started pondering this question the other day when I ran..
Read moreAmerican Independence Was Born in 1761
“American Independence was then & there born.” John Adams wasn’t talking about July 4, 1776, and the Declaration of Independence. He was referring to the beginning of the real American Revolution that kicked off years earlier on February 24, 1761. That’s when James Otis Jr delivered a fiery 5-hour speech railing against the writs of..
Read moreLooks Like We Don’t Have to Worry About That Fort Knox Gold Audit!
I’ve got some fantastic news. We don’t need to worry about that Fort Knox gold audit anymore. Treasury Secretary Scott Bessent assured us all the gold is there. His comments came during an interview on Fox News. Host Jesse Watters asked the Treasury Secretary point-blank, “Have you visited Fort Knox?” "I haven't. People on my..
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