OPEC Just Signaled A Historic Gold Tailwind

USPS Pauses Pension Contributions Amid Looming Cash Shortfall Authored by Bill Pan via The Epoch Times, The U.S. Postal Service (USPS) has temporarily suspended its employer contributions to a government-wide pension plan after warning Congress that, without changes, it could run out of cash within the next year. On Thursday, USPS told the Office of Personnel Management—the federal government’s human resource division—that it would pause its biweekly employer contributions to the Federal Employees Retirement System, or FERS. The move is expected to conserve about $2.5 billion through Sept. 30, the end of the...

Massachusetts Dems Advance Bill To Limit How Far You Can Drive In Your Own Car Authored by Steve Watson via Modernity.news, Massachusetts lawmakers are barreling ahead with a bill that would force the state to slash the total miles residents drive, all under the banner of cutting greenhouse gas emissions. The proposal, Senate Bill S.2246, doesn’t slap a hard cap on your daily commute… yet – but it orders the Massachusetts Department of Transportation (MassDOT) to set binding goals for reducing statewide vehicle miles traveled (VMT). It also creates a new government council tasked with pushing...

Trump Crosses Iran's 'Red Line' By Heavy Bombing Of Kharg Island, Endangering Energy Assets Across Region In what could prove to be a major step up the escalation ladder in the two-week-old US-Israeli war on Iran, President Trump on Friday evening (notably after US market closure) announced that US Central Command had carried out a major bombing raid on Kharg Island, which handles upwards of 90% of Iran's crude oil exports. Importantly, Iran has previously warned that an attack on the island would cross a red line, and precipitate Iranian...