EU warns of downward spiral after Trump threatens tariffs over Greenland, and the situation is undeniably concerning. The mere suggestion of imposing tariffs over Greenland, a territory firmly under Danish control and protected by NATO, sets off alarm bells across the Atlantic. It’s not just the immediate economic impact of potential trade barriers, but the deeper implications for transatlantic relations and the stability of the international order. The EU, in this context, sees this as more than just a political squabble; they are warning of a genuine downward spiral.
This isn’t merely about protecting Greenland’s resources, or even about strategic military positioning.… Continue reading
A recent analysis by BBC Verify and BBC Persian has revealed protests in at least 17 of Iran’s 31 provinces, marking a significant challenge to the current regime. This analysis, limited to verified video footage, likely underrepresents the true scope of the demonstrations, with reports of protests in an additional 11 provinces. The protests began on December 28th, sparked by a devaluation of the Iranian currency, and rapidly spread across the country. Verified footage demonstrates anti-government gatherings in over 50 towns and cities, including regions traditionally loyal to the government.
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The price of gold has surged in 2025, experiencing its highest increase since 1979, driven by factors such as interest rate expectations, geopolitical tensions, and trade concerns. Gold reached a high of $4,426.66 per ounce, with analysts predicting two interest rate cuts in 2026, which typically leads investors to diversify into commodities like gold. Central banks are also increasing their gold holdings, further boosting demand as a hedge against economic instability, and a weaker US dollar is making the metal more accessible. Other precious metals like silver and platinum have also seen record highs, supported by industrial demand.
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The US imposed a 39% tariff on Swiss imports of 1kg gold bars, a move that sent gold futures to a record high. This decision followed a ruling letter clarifying that certain gold bar imports were not exempt from tariffs, impacting a major player in the global gold refining industry. Switzerland, a dominant force in gold exports, saw its exports to the US surge in the first quarter of 2025 as investors sought refuge in gold amidst trade uncertainties. The Swiss precious metals association noted this impact on trade balance and expressed concern over the economic viability of exporting gold to the US.
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The U.S. government’s deficit swelled to over $316 billion in May, pushing the year-to-date total to $1.36 trillion—a 14% increase compared to the previous year. Soaring interest payments on the $36.2 trillion national debt, exceeding $92 billion, were a primary driver, despite a 15% rise in May tax revenue. While tariff collections contributed positively, the deficit’s magnitude, exceeding 6% of GDP, has prompted warnings from prominent financial leaders about potential economic instability.
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The current state of the U.S. government under President Trump, marked by economic downturn, a dysfunctional Congress, and a public feud with Elon Musk, raises serious questions about Republican priorities. The administration’s actions, including damaging tariffs and reckless spending, appear to directly contradict the party’s purported commitment to the working class. This chaotic political climate, fueled by partisan loyalty, seems to prioritize power over effective governance and economic stability. Republican voters’ apparent acceptance of this situation suggests a willingness to sacrifice national well-being for ideological reasons.
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International sanctions have cost Russia an estimated US$450 billion in energy sector revenue. This financial strain, coupled with a 21% interest rate surge and prioritization of defense spending over social programs, reflects deep economic instability within Russia. Defense spending now surpasses social spending for the first time since the Soviet Union’s collapse, and the nation has depleted a significant portion of its National Wealth Fund. These economic realities underscore the Kremlin’s prioritization of the war effort over its citizens’ well-being.
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Eastern Iowa food banks, such as the North Liberty Community Pantry, report a significant surge in demand, exceeding last year’s numbers by 54,000 pounds of food and 150 families. This increase is attributed to economic pressures, including fluctuating tariff policies that have raised prices and left many families, already living paycheck to paycheck, struggling to afford food. Consequently, pantries are appealing for increased donations of non-perishable and perishable goods, as well as more volunteers. A county-wide food insecurity assessment is planned this summer to better understand the growing need.
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Japan’s Prime Minister recently declared the nation’s fiscal condition to be even worse than Greece’s, a statement that has sent ripples of concern through the global economic community. This stark assessment underscores the gravity of Japan’s mounting debt and the challenges it faces in addressing its long-term economic stability. The declaration immediately raises questions about the country’s future economic prospects and the potential for drastic measures to address the escalating crisis.
The Prime Minister’s rejection of tax cuts, in the face of such dire financial straits, further emphasizes the depth of the problem. This decision suggests a belief that stimulating the economy through tax reductions would be fiscally irresponsible given the precarious state of national finances.… Continue reading
Walmart’s recent announcement of higher prices and its decision to withhold second-quarter profit guidance has sent ripples throughout the business world and beyond. This isn’t simply a matter of corporate strategy; it reflects a confluence of global economic factors that are impacting consumers’ wallets and raising concerns about broader economic stability.
The reasons behind Walmart’s price increases are multifaceted and complex. Supply chain disruptions, exacerbated by ongoing geopolitical tensions and the lingering effects of the pandemic, are undoubtedly playing a major role. The increasing cost of shipping containers, coupled with tariffs and sanctions, is making it significantly more expensive to import goods, many of which originate from China.… Continue reading
Matt Underwood 
John Q. Hosedrinker