Sen. Rand Paul has become Treasury Secretary Scott Bessent’s pawn. A few weeks ago, Bessent insisted all the gold is in the vaults at Fort Knox. "I haven't. People on my staff have. The treasurer has been to Fort Knox, and I'm happy to say all gold is present and accounted for." On Monday, Paul..
Read moreMarkets Aren’t Buying the Fed’s War on Inflation
If you have a choice between believing the audio or the video, believe the video. In other words, trust what you see if it’s different than what you hear. Since Kevin Warsh stepped into his new role as chairman of the Federal Reserve, he’s been talking tough, insisting the central bank will not tolerate price..
Read moreMidweek Memo Podcast: Conspiracy Theory! How Much Gold Do the U.S. and China Really Have?
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 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..
Read moreWhat Is Gold’s Record Price Telling Us?
If you follow business headlines you know gold broke its all-time price record early Monday when it pushed above $1,920 an ounce. So, what is this telling us? (more…)
Read moreWant Economic Justice? Break the Federal Monopoly on Money
We hear a lot about income equality in the U.S., but very little about the actual root cause of wealth redistribution - government monetary policy. Through quantitative easing - essentially money printing - the Fed enriches bankers and the political elite while stealing wealth from everyday Americans via currency debasement. Since the creation of the..
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