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Gold Surges Past $4,630 as Debt Fears and Treasury Moves Drive a Powerful August Rally

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Gold pushed above $4,630 an ounce on Thursday as investors returned to what many call the currency‑debasement trade. Concerns over the growing U.S. debt load and recent Treasury actions continue to outweigh the possibility of higher interest rates from the Federal Reserve. In early Asian trading, spot gold rose nearly one percent to $4,630.09, while U.S. futures moved higher to $4,685.50. The metal remains close to the three‑month high reached earlier in the week, extending a rally that delivered more than a five‑percent gain last week. This latest climb comes even as U.S. inflation surprised to the upside, leaving investors focused on Friday’s Jackson Hole appearance by Federal Reserve Chair Kevin Warsh. His remarks are widely viewed as the next major test for gold’s momentum. The rally accelerated earlier in August after the Treasury announced it would double the size of its liquidity‑support buybacks for longer‑dated government bonds beginning September 9. While the program is inten...

Frontier Friendship and the Rattlesnake in the Garden: A 19th‑Century Arizona Tale of Survival and Trust

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  Updated on October 29, 2025 John caught the writing bug in high school after a story he wrote was published. He has written for 15 years on HubPages.  For the first in this series, see A-Tiny-Story-Romance-and-Savagery-in-19th-Century-Southwestern-Arizona Installment 2: Apache-Land-Travels-and-Surprises Installment 3: An-old-time-arizona-silver-mining-pioneer-adventure Installment 4: An-anglo-woman-and-her-hispanic-neighbor-in-18th-century-arizona-silver-country AI assisted drawing Jack Returns Home “Welcome home, dear Jack. Let me fetch water to wash your face. Supper's on the table, stew and bread. Did you manage well today? It seems rather late?” It was 7PM, and Jack was dead beat. Besides the roof collapse at the mine, Jack went back in to clean up the muck that covered the mine floor. Shoring and all manner of rock had to be moved out to make for a clean path into the working area. “Nell today was a rough one. Hit a stubborn seam of rock around noon, and it cost us hour...

When Iceland’s Banks Fell: Inside the 2008–2009 Financial Meltdown

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  Updated on October 14, 2022 John has been interested in economics and politics since high school. He wants to vote more responsibly and watches candidates' positions. What should Iceland do? | Source Should Iceland Refuse to Pay? In March of 2010, something rather remarkable happened. Icelanders voted not to accept a proposal called "Icesave" which would have provided for the repayment of funds that England and the Netherlands had paid to its citizens who had lost savings in Icelandic private banks. When Icelandic banks went bankrupt in 2008 and 2009 due to the worldwide lack of liquidity, or put another way, money to carry on investment activities (the same reason the stock market crashed in the U.S.), the banks went belly up. To give you an idea of the severity of the problem, the Central Bank of Iceland had a total of 378.4 billion kronur, while the Icelandic private bank debt totaled 356.8 billion kronur. The central bank could not finance such repayments without i...

Meta Hit With Record $17.1 Billion Settlement as States Crack Down on Harmful Social Media Practices

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On August 26, 2026, Attorney General Brian L. Schwalb announced a massive multistate settlement with Meta Platforms, Inc.—the biggest Big Tech settlement ever, second only to the tobacco cases of the 1990s. As part of the agreement, the District of Columbia will receive between $90.3 million and $129.3 million. The lawsuit argued that Meta knowingly designed Instagram and Facebook in ways that were addictive and psychologically harmful to kids, all while misleading the public about the risks. Now, Meta will be required to roll out major safety reforms across both platforms, marking a turning point in how social media companies treat young users. Brian L. Schwalb, Attorney General of the U.S. Schwalb didn’t hold back in describing Meta’s behavior, saying the company “intentionally exploited kids for profit and then lied about it,” even though its own internal research showed the platforms were harmful. He called the settlement a major public health win, especially for teens who have bee...

Why Western Liberal Values Are Fundamentally Incompatible with Classical Islamic Law

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                                                                          Liberty The question of whether Western liberal values can coexist with classical Islamic jurisprudence is not merely a matter of cultural difference or political disagreement. It is a deeper structural issue rooted in the foundational principles that define each system. Western liberalism is built on secularism, individual autonomy, and moral relativism, while classical Islam is grounded in divine sovereignty, communal obligation, and objective moral truth. These are not superficial contrasts but opposing philosophical frameworks that shape law, morality, governance, and social life. Because each system begins from a fundamentally different source of authority, attempts to harmonize them inevitably force one to yield its core premi...

Operation Economic Outcast: Inside America’s Largest Sanctions Offensive to Isolate Iran’s Regime

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August 25, 2026 Operation Economic Outcast is a broad U.S. economic pressure campaign announced by Treasury Secretary Scott Bessent on August 24, 2026. Its purpose is to sever every remaining financial and commercial lifeline supporting Iran’s regime. Bessent has described the effort as “the single greatest financial offensive ever” and even called it an “economic D‑Day.” The strategy is meant to isolate Iran from global markets, block its revenue sources, and force Tehran to choose between complete isolation or reintegration into the world economy. The campaign follows six months of U.S. and Israeli military operations and comes at a time when a naval blockade is already tightening pressure on Iran. The plan targets nearly sixty individuals, companies, and vessels tied to illicit oil smuggling networks, nuclear and missile procurement rings, cyber groups attacking U.S. infrastructure, and Iran’s largest state bank, Bank Melli, which has been ordered to shut down all branches. For the ...

An Arizona Boom Town: The Draw of Silver after The Civil War

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  Updated on October 20, 2025 John caught the writing bug in high school after a story he wrote was published. He has written for 14 years on HubPages. Jack and Nell on their way to their new Harshaw home. A Serial - 19th Century Arizona Journey of Hope INSTALLMENT 1 A-Tiny-Story-Romance-and-Savagery-in-19th-Century-Southwestern-Arizona Installment 2: Apache-Land-Travels-and-Surprises Installment 3: an-old-time-arizona-silver-mining-pioneer-adventure Installment 4: arizona-silver-country On Their Way The sunbaked landscape of Arizona stretched out before Jack and Nell as the couple rode into the small settlement of Harshaw. Jack, his face weathered by the journey, squinted against the relentless desert sun. Nell was sitting not so straight on her horse, her Stetson shielding her fair skin from the harsh rays of the sun. Their excitement was palpable. They had heard tales of Harshaw—a place where dreams could take root, where fortunes could be made. The promise of a new life beckone...