US Housing Starts Plummet In July, Near COVID Lows

Warships, Helicopters, Transport Planes: US Military Shifts Assets To Quake-Ravaged Venezuela Venezuela's massive twin-earthquake disaster, which unfolded on Wednesday evening, has left dozens of apartment towers and other structures in ruins. The death toll has climbed to about 235, with at least 4,300 people injured. On one independent monitoring platform, the number of missing topped 50,000 overnight. The sheer scale of the disaster across several districts of Caracas has prompted an international response, with the U.S. Southern Command deploying military assets to the quake-ravaged country. The disaster also marks a...

IMF Warns Australia Set For One Of Highest Inflation Rates In Developed World Authored by Rex Widerstrom via The Epoch Times (emphasis ours), The International Monetary Fund (IMF) says Australia is on track to have one of the highest inflation rates in the developed world. Australian dollars coins in Melbourne, Australia, on April 4, 2024. AAP Image/Joel Carrett In the latest edition of its World Economic Outlook, the global lender said economies around the world “face repercussions [from] the direct impact of higher commodity prices, indirect second-order effects on inflation expectations—which tend to...

The dangers posed by a paper fiat currency were well-known even in the early days of the U.S. republic.