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Ford Carrier Group Enters Mediterranean To Join Biggest US Build-Up Since 2003 Iraq War
Ford Carrier Group Enters Mediterranean To Join Biggest US Build-Up Since 2003 Iraq War
Open source monitors as well as US and Middle East media have confirmed that the USS Gerald R. Ford, the world’s largest aircraft carrier, has entered the Mediterranean Sea, having sailed passed the Strait of Gibraltar on Friday.
This is the second carrier strike group expected to soon operate directly in the CENTCOM area of responsibility, amid the massive military build-up and pressure campaign against Iran. It was sent from the Caribbean earlier this month, extending its planned...
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Jun 16, 2026 / Tyler Durden
Record Percentage Of Central Banks Expect Gold Reserves To Increase In Next 12 Months
Record Percentage Of Central Banks Expect Gold Reserves To Increase In Next 12 Months
Today, the World Gold Council released their 2026 Central Bank Gold Reserves Survey. Amongst the insights, here is the punchline: a record 45% of respondents expect their own gold reserves will increase over the next 12 months
Central banks have accumulated an average of 1,000t of gold over the past four years, up significantly from the 500t average over the preceding decade. This marked acceleration in the pace of accumulation has occurred against a backdrop of geopolitical and...
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Jul 24, 2026 / Tyler Durden
Forget Beef. This Protein Is Way Cheaper
Forget Beef. This Protein Is Way Cheaper
Building on Bank of America's latest note, which cited Oklahoma State University agricultural economist Derrell Peel's warning that the US cattle cycle is unlikely to improve anytime soon, beef prices are poised to remain elevated through at least next year. But two competitively priced proteins that consumers can switch to today remain largely overlooked.
That overlooked protein is ground pork, with an average of $4.81 a pound in mid-June, compared with $7.95 for ground beef, while pork chops cost roughly one-third as much...
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Sep 5, 2026 / Tyler Durden
Thank You Rick Santelli, You Legend
Thank You Rick Santelli, You Legend
Submitted by QTR's Fringe Finance
It was announced this past week that Rick Santelli will be retiring next month.
So today I offer a tribute to perhaps the last man standing on CNBC with a functioning economics textbook, and one of the few figures in financial media who could simply tell you that one plus one equaled two without disappearing into an academic sounding, postmodern, jargon filled bullshit word salad that somehow ended with the conclusion that paying a quadrillion dollars a day in interest on...
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