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..
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