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Gulf Insider
an hour ago
- Politics
- Gulf Insider
Kremlin: No 'Negotiations With Terrorists' - We'll Retaliate At 'A Time Of Our Choosing'
Russia says that President Putin is preparing to retaliate at 'a time of our choosing' for all the latest drone and 'terror attacks' – including the targeting of trains and bridges with explosives. 'Russia will respond to Ukraine's latest attacks as and when its military sees fit,' the Kremlin said Thursday. Spokesman Dmitry Peskov confirmed what President Trump revealed of the Putin phone call Wednesday – that the Russian leader made clear that Moscow is obliged to retaliate. Peskov, speaking of Putin's first televised address since the devastating Sunday drone attacks deep inside Russian territory said, 'The president described the Kyiv regime as a terrorist regime, because it was the regime's leadership that consciously gave the order, the command, the order to blow up a passenger train.' 'This is nothing other than terrorism at the state level. This is an important statement by the president,' he added. Putin had accused Ukraine's leadership of orchestrating a terrorist attack on trains carrying civilians in Russia's Bryansk region, which left seven dead and dozens injured in the derailment of the train and collapse of the bridge due to planted explosives on Sunday. The operation appeared in parallel to the 'Operation Spinder's Web' drone attacks. Putin asserted that Ukrainian political leadership was directly behind the strike. 🚨 BREAKING: Putin accuses Ukraine's leadership of orchestrating a terrorist attack on trains carrying civilians in Russia's Bryansk claims the Ukrainian political leadership is directly behind the strike. — Defence Index (@Defence_Index) June 4, 2025 He also made clear in the address that Ukraine's offer of a summit with Zelensky and an immediate ceasefire has been rejected. It marked a clear rhetorical escalation when compared to prior comments when he said: 'Who has negotiations with terrorists?' Click here to read more… Source Zero Hedge
The Age
28-05-2025
- Business
- The Age
Trump wants to check on the gold at Fort Knox. His allies are cashing in on the fear
Trump's Fort Knox obsession has resurfaced one of the deeper cuts in the American conspiracy theory catalogue. One reason the government holds onto such large stores of gold is to confer a sense of financial stability, even though the country moved off the gold standard in the 20th century. According to the United States Mint, 147.3 million ounces of gold, about half of the government's stash, is held at Fort Knox. The Kentucky facility, known formally as the United States Bullion Depository at Fort Knox, almost never allows visitors and is kept under heavy lock and key – an inaccessibility that may explain much of the intrigue around it. One of the early proponents of the idea that gold was missing was a lawyer named Peter Beter, who earned a modicum of notoriety in the 1970s by spreading dark theories in a mail-order audio cassette series. Among other things, Beter believed that 'organic robotoids' controlled by Bolsheviks had infiltrated the federal government. By 1974, concerns about the gold reserves grew so intense that a congressional delegation and a few news outlets, including The New York Times, were invited to Fort Knox for a rare inspection. A reporter for the Times described the effect of seeing a vault 6 feet wide and 12 feet deep, stacked with 36,236 glistening gold bars, as 'awesome'. Another wave of concern crested in 2011, when then-Republican Ron Paul introduced a bill calling for an inventory of the reserves. At a subcommittee hearing, Paul said people had become worried that 'the gold had been secretly shipped out of Fort Knox and sold'. He added, 'And, still others believe that the bars at Fort Knox are actually gold-plated tungsten.' The inspector general of the Treasury at the time, Eric Thorson, told Paul that audits were performed yearly, with 'no exceptions of any consequence'. More recently, Trump's first-term Treasury secretary, Steve Mnuchin, had a chance to check on the gold in August 2017, with Senator Mitch McConnell, then the Senate majority leader, in tow. Photos were taken of the men among the gold bars. 'Glad gold is safe!' Mnuchin wrote on Twitter, now known as X. Questions bubble up again The latest concerns appear to have taken off on February 14, when the website ZeroHedge, which occasionally promotes conspiracy theories, tagged Elon Musk in a post on X. The post asked him to make sure the gold at Fort Knox was there. 'Surely it's reviewed at least every year?' Musk replied. 'It should be. It isn't,' ZeroHedge responded. (Bessent would later say that the gold is still audited annually.) Senator Rand Paul, the son of Ron Paul, chimed in, calling for an audit. 'Let's do it.' Then came Glenn Beck, the conservative radio and TV host, who posted an open letter to Trump, asking if he could take a camera crew to Fort Knox to 'restore faith in our financial system'. He later dedicated a segment of his show to casting doubt on the confirmed audits. The chatter about the gold reserves was growing louder. By February 20, Trump was telling a press gaggle on Air Force One that he planned to go to Fort Knox to 'make sure the gold is there'. Sales pitches follow Loading Since then, the idea that the government's gold reserves may have gone missing has been integrated into the sales pitches of companies that trade in gold coins and gold investment accounts. The companies advertise heavily on Trump-friendly TV and internet shows. A number of 'gold IRA' companies have suggested that a future audit of Fort Knox could determine that gold is missing, setting off a crisis among Americans about the stability of the economy. Amid such chaos, the companies argue, privately held gold would be a lucrative safe haven for investors. One of the companies, Birch Gold Group, is endorsed by the president's eldest son and bills itself as 'Donald Trump Jr's gold company'. Loading A recent article on Birch Gold's website stated that the idea of an 'empty Fort Knox' had gone 'from conspiracy theory to mainstream concern'. A discovery that gold was missing from Fort Knox, the article stated, would be the 'quickest way down for the US dollar'. 'It is only those without physical gold exposure that feel the need to panic, perhaps with good reason, about the greenback's admittedly dismal prospects,' states the article, which includes an offer for a 'FREE gold IRA info kit'. The younger Trump lauded his father's plans to visit Fort Knox in a February 24 episode of his online talk show, on which he regularly makes pitches for Birch Gold. 'If it's empty,' he said, 'I would imagine there's hell to pay.' On another section of Birch Gold's website, a 'Message from Donald Trump Jr' raised the possibility that his father's administration could 'revalue America's gold reserves on the national balance sheet from their outdated book value of $42' – the price per ounce the government assigns for bookkeeping purposes – 'to current market prices'. This, he wrote, 'could cause a surge in gold prices', adding that 'the potential upside for gold investors is substantial'. A gold IRA, he added, would be a great way to benefit. He did not mention that Bessent had publicly stated that he had no plans to revalue the gold reserves. Above the message was a digitally altered photo of the president at a desk, showing off an important-looking signed document, a wall of gold bricks behind him.
Sydney Morning Herald
28-05-2025
- Business
- Sydney Morning Herald
As Donald Trump raises Fort Knox conspiracies, his allies are cashing in
Trump's Fort Knox obsession has resurfaced one of the deeper cuts in the American conspiracy theory catalogue. One reason the government holds onto such large stores of gold is to confer a sense of financial stability, even though the country moved off the gold standard in the 20th century. According to the United States Mint, 147.3 million ounces of gold, about half of the government's stash, is held at Fort Knox. The Kentucky facility, known formally as the United States Bullion Depository at Fort Knox, almost never allows visitors and is kept under heavy lock and key – an inaccessibility that may explain much of the intrigue around it. One of the early proponents of the idea that gold was missing was a lawyer named Peter Beter, who earned a modicum of notoriety in the 1970s by spreading dark theories in a mail-order audio cassette series. Among other things, Beter believed that 'organic robotoids' controlled by Bolsheviks had infiltrated the federal government. By 1974, concerns about the gold reserves grew so intense that a congressional delegation and a few news outlets, including The New York Times, were invited to Fort Knox for a rare inspection. A reporter for the Times described the effect of seeing a vault 6 feet wide and 12 feet deep, stacked with 36,236 glistening gold bars, as 'awesome'. Another wave of concern crested in 2011, when then-Republican Ron Paul introduced a bill calling for an inventory of the reserves. At a subcommittee hearing, Paul said people had become worried that 'the gold had been secretly shipped out of Fort Knox and sold'. He added, 'And, still others believe that the bars at Fort Knox are actually gold-plated tungsten.' The inspector general of the Treasury at the time, Eric Thorson, told Paul that audits were performed yearly, with 'no exceptions of any consequence'. More recently, Trump's first-term Treasury secretary, Steve Mnuchin, had a chance to check on the gold in August 2017, with Senator Mitch McConnell, then the Senate majority leader, in tow. Photos were taken of the men among the gold bars. 'Glad gold is safe!' Mnuchin wrote on Twitter, now known as X. Loading Questions bubble up again The latest concerns appear to have taken off on February 14, when the website ZeroHedge, which occasionally promotes conspiracy theories, tagged Elon Musk in a post on X. The post asked him to make sure the gold at Fort Knox was there. 'Surely it's reviewed at least every year?' Musk replied. 'It should be. It isn't,' ZeroHedge responded. (Bessent would later say that the gold is still audited annually.) Senator Rand Paul, the son of Ron Paul, chimed in, calling for an audit. 'Let's do it.' Then came Glenn Beck, the conservative radio and TV host, who posted an open letter to Trump, asking if he could take a camera crew to Fort Knox to 'restore faith in our financial system'. He later dedicated a segment of his show to casting doubt on the confirmed audits. The chatter about the gold reserves was growing louder. Loading By February 20, Trump was telling a press gaggle on Air Force One that he planned to go to Fort Knox to 'make sure the gold is there'. Sales pitches follow Since then, the idea that the government's gold reserves may have gone missing has been integrated into the sales pitches of companies that trade in gold coins and gold investment accounts. The companies advertise heavily on Trump-friendly TV and internet shows. A number of 'gold IRA' companies have suggested that a future audit of Fort Knox could determine that gold is missing, setting off a crisis among Americans about the stability of the economy. Amid such chaos, the companies argue, privately held gold would be a lucrative safe haven for investors. One of the companies, Birch Gold Group, is endorsed by the president's eldest son and bills itself as 'Donald Trump Jr's gold company'. Loading A recent article on Birch Gold's website stated that the idea of an 'empty Fort Knox' had gone 'from conspiracy theory to mainstream concern'. A discovery that gold was missing from Fort Knox, the article stated, would be the 'quickest way down for the US dollar'. 'It is only those without physical gold exposure that feel the need to panic, perhaps with good reason, about the greenback's admittedly dismal prospects,' states the article, which includes an offer for a 'FREE gold IRA info kit'. The younger Trump lauded his father's plans to visit Fort Knox in a February 24 episode of his online talk show, on which he regularly makes pitches for Birch Gold. 'If it's empty,' he said, 'I would imagine there's hell to pay.' On another section of Birch Gold's website, a 'Message from Donald Trump Jr' raised the possibility that his father's administration could 'revalue America's gold reserves on the national balance sheet from their outdated book value of $42' – the price per ounce the government assigns for bookkeeping purposes – 'to current market prices'. This, he wrote, 'could cause a surge in gold prices', adding that 'the potential upside for gold investors is substantial'. A gold IRA, he added, would be a great way to benefit. He did not mention that Bessent had publicly stated that he had no plans to revalue the gold reserves. Above the message was a digitally altered photo of the president at a desk, showing off an important-looking signed document, a wall of gold bricks behind him.
The Age
28-05-2025
- Business
- The Age
As Donald Trump raises Fort Knox conspiracies, his allies are cashing in
Trump's Fort Knox obsession has resurfaced one of the deeper cuts in the American conspiracy theory catalogue. One reason the government holds onto such large stores of gold is to confer a sense of financial stability, even though the country moved off the gold standard in the 20th century. According to the United States Mint, 147.3 million ounces of gold, about half of the government's stash, is held at Fort Knox. The Kentucky facility, known formally as the United States Bullion Depository at Fort Knox, almost never allows visitors and is kept under heavy lock and key – an inaccessibility that may explain much of the intrigue around it. One of the early proponents of the idea that gold was missing was a lawyer named Peter Beter, who earned a modicum of notoriety in the 1970s by spreading dark theories in a mail-order audio cassette series. Among other things, Beter believed that 'organic robotoids' controlled by Bolsheviks had infiltrated the federal government. By 1974, concerns about the gold reserves grew so intense that a congressional delegation and a few news outlets, including The New York Times, were invited to Fort Knox for a rare inspection. A reporter for the Times described the effect of seeing a vault 6 feet wide and 12 feet deep, stacked with 36,236 glistening gold bars, as 'awesome'. Another wave of concern crested in 2011, when then-Republican Ron Paul introduced a bill calling for an inventory of the reserves. At a subcommittee hearing, Paul said people had become worried that 'the gold had been secretly shipped out of Fort Knox and sold'. He added, 'And, still others believe that the bars at Fort Knox are actually gold-plated tungsten.' The inspector general of the Treasury at the time, Eric Thorson, told Paul that audits were performed yearly, with 'no exceptions of any consequence'. More recently, Trump's first-term Treasury secretary, Steve Mnuchin, had a chance to check on the gold in August 2017, with Senator Mitch McConnell, then the Senate majority leader, in tow. Photos were taken of the men among the gold bars. 'Glad gold is safe!' Mnuchin wrote on Twitter, now known as X. Loading Questions bubble up again The latest concerns appear to have taken off on February 14, when the website ZeroHedge, which occasionally promotes conspiracy theories, tagged Elon Musk in a post on X. The post asked him to make sure the gold at Fort Knox was there. 'Surely it's reviewed at least every year?' Musk replied. 'It should be. It isn't,' ZeroHedge responded. (Bessent would later say that the gold is still audited annually.) Senator Rand Paul, the son of Ron Paul, chimed in, calling for an audit. 'Let's do it.' Then came Glenn Beck, the conservative radio and TV host, who posted an open letter to Trump, asking if he could take a camera crew to Fort Knox to 'restore faith in our financial system'. He later dedicated a segment of his show to casting doubt on the confirmed audits. The chatter about the gold reserves was growing louder. Loading By February 20, Trump was telling a press gaggle on Air Force One that he planned to go to Fort Knox to 'make sure the gold is there'. Sales pitches follow Since then, the idea that the government's gold reserves may have gone missing has been integrated into the sales pitches of companies that trade in gold coins and gold investment accounts. The companies advertise heavily on Trump-friendly TV and internet shows. A number of 'gold IRA' companies have suggested that a future audit of Fort Knox could determine that gold is missing, setting off a crisis among Americans about the stability of the economy. Amid such chaos, the companies argue, privately held gold would be a lucrative safe haven for investors. One of the companies, Birch Gold Group, is endorsed by the president's eldest son and bills itself as 'Donald Trump Jr's gold company'. Loading A recent article on Birch Gold's website stated that the idea of an 'empty Fort Knox' had gone 'from conspiracy theory to mainstream concern'. A discovery that gold was missing from Fort Knox, the article stated, would be the 'quickest way down for the US dollar'. 'It is only those without physical gold exposure that feel the need to panic, perhaps with good reason, about the greenback's admittedly dismal prospects,' states the article, which includes an offer for a 'FREE gold IRA info kit'. The younger Trump lauded his father's plans to visit Fort Knox in a February 24 episode of his online talk show, on which he regularly makes pitches for Birch Gold. 'If it's empty,' he said, 'I would imagine there's hell to pay.' On another section of Birch Gold's website, a 'Message from Donald Trump Jr' raised the possibility that his father's administration could 'revalue America's gold reserves on the national balance sheet from their outdated book value of $42' – the price per ounce the government assigns for bookkeeping purposes – 'to current market prices'. This, he wrote, 'could cause a surge in gold prices', adding that 'the potential upside for gold investors is substantial'. A gold IRA, he added, would be a great way to benefit. He did not mention that Bessent had publicly stated that he had no plans to revalue the gold reserves. Above the message was a digitally altered photo of the president at a desk, showing off an important-looking signed document, a wall of gold bricks behind him.
Yahoo
23-05-2025
- Business
- Yahoo
Nuclear Stocks Surge on Trump Reactor Approval Plans
President Donald Trump is expected to sign executive orders as early as Friday to boost the nuclear energy industry by streamlining reactor approvals and reinforcing fuel supply chains, Reuters reported on Thursday afternoon. Four sources familiar with the matter told Reuters that the forthcoming orders aim to simplify the regulatory process for approving new nuclear reactors and to strengthen nuclear fuel supply chains amid mounting concerns over U.S. dependence on foreign suppliers. The news sent nuclear stocks soaring in the after hours session, with names like NuScale and Oklo up 13% and 17%, respectively. As we noted less than a week ago, both names are moving forward with SMR permitting and plans. Sam Altman-backed Oklo says it is navigating what CEO Jacob DeWitte calls 'good uncertainty' as potential Trump administration executive orders could accelerate Nuclear Regulatory Commission (NRC) licensing, expand military and Department of Energy (DOE) nuclear roles, and boost U.S. nuclear fuel supply chains, according to UtilityDive. On Oklo's Q1 2025 earnings call, DeWitte confirmed the company is engaged in a 'pre-application readiness assessment' with the NRC, aiming to smooth its formal license submission for a newly upsized 75-MW reactor design in Q4 2025. The company still targets late 2027 or early 2028 for first power production at its Idaho National Laboratory (INL) site. DeWitte noted the recent departure of OpenAI CEO Sam Altman as Oklo board chair removes a potential conflict of interest should OpenAI become a future power customer. Oklo already holds about 14 GW in nonbinding agreements with data centers and industrial operators. The White House is weighing four nuclear-related executive orders, including directives to overhaul NRC licensing with an 18-month deadline for new applications, reconsider radiation exposure limits, and authorize military and DOE property for reactor deployments—potentially bypassing standard NRC approvals. These efforts aim to boost U.S. nuclear capacity to 400 GW by 2050, up from about 100 GW today. While the NRC is already implementing changes from last year's ADVANCE Act, further reforms could shorten Oklo's expected 24- to 30-month licensing timeline. The UtilityDive report says that Zero Hedge favorite Oklo is also among eight companies eligible for the military's Advanced Nuclear Power for Installations program, enabling on-base reactor deployments. It's developing nuclear fuel fabrication facilities capable of reusing spent fuel that would otherwise sit in long-term storage. Meanwhile, as we noted on X this evening, OKLO is now up 9x since Jim Cramer said "I can't even look at it" back in October 2024. By More Top Reads From this article on Sign in to access your portfolio
