Iran's Pain Threshold: One Bank's Math

The central bank of Iran claims on the government stood at 87%yoy at end-2025 and the stock could quadruple if all spending (excluding wages) was monetized.


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Trump's "Project Vault" Plans To Initially Buy Rare Earths From China

The initial stockpile fill would be driven chiefly by availability, reflecting the reality that some of the roughly 60 minerals under consideration are produced only in limited geographies and, in some cases, remain heavily influenced by China...


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Elites And Their Contempt

We live in a world where the elites view the common man as a problem to be solved...


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Japan Says It Counts Three Consecutive Days Of FX Intervention As One

Japanese Finance Ministry official on Monday cited a rule saying that three days of intervention count as a single operation. Even if Japan is on a public holiday, intervention can still be counted if global markets are open, the Finance Ministry person said.