Worth Every Dollar (Until It Isn't)

US Treasury Extends Russian Crude Waiver Amid Supply Disruptions Authored by Kimberley Hayek via The Epoch Times, The Trump administration renewed a key sanctions waiver on April 17, allowing countries to purchase Russian oil stranded at sea, responding to urgent pressure from Asian nations battered by skyrocketing energy costs. The move also reverses a position Treasury Secretary Scott Bessent had stated two days earlier. The Treasury Department’s Office of Foreign Assets Control issued General License 134B on Friday, authorizing transactions tied to Russian crude and petroleum products loaded onto vessels as of that...

Gold At $155,000 An Ounce Submitted by QTR's Fringe Finance The fellas over at Zero Hedge put up a Tweet last week that floated a wild monetary thought experiment: they said Treasury Secretary Scott Bessent could theoretically “buy back” our roughly $40 trillion in U.S. government debt using cash from the Treasury General Account. There would just be one small detail standing in the way…the government would first have to re-mark its gold reserves to somewhere around $155,000 per ounce. If you’re not familiar with the concept, it probably sounds outright insane. But the basic...

Ukrainian President Volodymyr Zelensky said he was asked by some allied nations to halt attacks on Russian oil infrastructure amid the US and Israeli war against Iran. The Middle East conflict has resulted in damage to energy infrastructure in a number of countries, and Tehran has closed the Strait of Hormuz.  Speaking with reporters via […]