1+ day, 5+ hour ago   (166+ words) You know about the missing trillions, right? You know, the $2.3 trillion missing from the Pentagon’s coffers that was announced to the public on September 10, 2001, and then never mentioned again? …Of course, if that IS your understanding of the missing trillions…...

1+ day, 5+ hour ago   (334+ words) Bond yields are ripping today, with the 10-year climbing above 4.9% and at the highest level since 2007. Meanwhile, the 30-year yield has risen above 5.3 percent, the highest level seen since 2002. To illustrate where we are fiscally right now, let’s look at…...

3+ day, 5+ hour ago   (215+ words) Peter opens by taking aim at the endless parade of economic statistics that dominate headlines and move markets, despite being unreliable at best: From there, Peter turns to Trump’s obsession with low interest rates, unpacking why the president’s nostalgia for…...

4+ day, 5+ hour ago   (583+ words) As the US prepares to mark 25 years since Sept. 11, 2001, Donald Trump has removed top Al Qaeda figures from the US list of designated terrorists. Among those he delisted was Abdullah Muhaysini, a Saudi cleric who recruited child fighters and teen…...

4+ day, 5+ hour ago   (1732+ words) “War is a racket. It always has been. It is possibly the oldest, easily the most profitable, surely the most vicious. It is the only one in which the profits are reckoned in dollars and the losses in lives.” — Major…...

5+ day, 5+ hour ago   (1573+ words) The twenty-fifth anniversary of the 9/11 Attacks will arrive this Friday but I’m not sure how much attention that date will receive. The Iraq War was one of the earliest and most important of those. In a recent interview with former…...

1+ week, 1+ day ago   (549+ words) It’s hard to take a joke when our entire economy and financial system is the joke. We’re blessed/cursed to be living in a very peculiar era in which parodies are taken with the utmost seriousness, an absurdist state of…...

1+ week, 2+ day ago   (1674+ words) “I believe that banking institutions are more dangerous to our liberties than standing armies.”— Thomas Jefferson When the Trump administration—and Treasury Secretary Scott Bessent in particular—began invoking Alexander Hamilton as the blueprint for a new American economic order,…...

1+ week, 2+ day ago   (179+ words) On 31 August 2026, I was on “Judging Freedom” talking about Iran and Ukraine. I made the case that despite all the hype in the West about how well Ukraine is doing in its war with Russia, the fact is that the…...

1+ week, 3+ day ago   (477+ words) The US Treasury has doubled the size of its buyback operations for longer-term government securities from $2 billion to at least $4 billion per operation after long-term yields surged to levels not seen in nearly two decades. They will call this “liquidity…...