Iran War Hype, Gold, and the Fed’s Debt Bubble

US policymakers, particularly under the current Trump administration (as of February 2026), consistently describe Iran as the world’s leading or foremost state sponsor of terrorism. This characterization has been a cornerstone of US policy toward Iran for decades, with Iran designated as a State Sponsor of Terrorism by the US State Department since January 19, […]

World's Largest Sovereign Wealth Fund Cuts Treasury Holdings... But It's Not What You Think The headlines are running rampant this morning as the world's largest (and most transparent) sovereign wealth fund - Norway's Government Pension Fund - has proposed reducing the amount of government bonds in its $2.3 trillion portfolio to boost holdings of riskier debt, with US Treasuries the most affected. Norges Bank Investment Management (NBIM), which manages the fund, said in a letter sent to the Ministry of Finance on Tuesday and published on its website, that government debt should...