Ironically, Paul sponsored “The Gold Reserve Transparency Act of 2025” along with Sen. Mike Lee that would have produced a comprehensive audit of U.S. gold reserves.
The dollar may remain the world’s dominant reserve currency for some time. But as Maharrey put it at the end of the episode, “the dollar is not what it used to be.”
Rinse and repeat. Hedge funds. Derivatives. Catching falling knives in a falling, highly overpriced housing market. Same old stuff, always with a little different flavor added.
According to the latest New York Fed data, 13.1 percent of credit card balances are at least 90 days overdue. That’s the highest level since the late stages of the Great Recession.
The energy department claims that the effective bottom (the level at which you start destroying the salt caverns by going any lower) is 70-million barrels. That’s nonsense.
Last month, Goldman Sachs picked up on China’s undisclosed purchases, and analysts at BMO Capital estimated that Chinese gold reserves could surpass the U.S.’s within five years.
