Russia Says UAE's 'OPECxit' Won't Spark Immediate Price War

The Money Printers Fueling Socialism's Rise Authored by David Stockman via the Brownstone Institute, Here's a graph the Keynesians, statists, and Wall Street gamblers - yes, we repeat ourselves - would prefer not to explain. At the same time, it also explains why socialism at this late date in history - and after all its abysmal failures the world over - is having some kind of dubious second coming in America. During the last three decades the national savings rate (red line) has essentially collapsed, having fallen from 6.3% of GDP in...

US Central Command on Sunday confirmed the death of a seventh US soldier in President Trump’s war with Iran, as Iranian missiles and drones have successfully struck US bases in the region. CENTCOM said the soldier had died of wounds sustained by an earlier Iranian attack on US troops in Saudi Arabia. “Last night, a […]

Why Central Banks Love A Gold Sell-Off Via SchiffSovereign.com, On July 7, Bloomberg published an article with the headline: “Gold’s Bull Market Has Ended and Now All Eyes Are on Bears,” explaining how many retail investors have headed for the exits. That same day, the People’s Bank of China, the country’s central bank, reported its largest monthly gold purchase since 2023. Of course, June marked its twentieth consecutive month of adding gold to its reserves. Central banks are relatively price insensitive. They buy gold as a long term hedge to preserve value, not...