War, Gold, and the Fed’s Next Move

War, Gold, and the Fed’s Next Move

From Minor Issues by Mark Thornton

March 21, 2026 · Episode 135

About this episode

Mark Thornton discusses the implications of war on precious metals and the economy through interviews with Daniela Cambone and Dunagun Kaiser.

On this episode of Minor Issues, Mark Thornton replays two short interviews: one recorded with Daniela Cambone weeks before the outbreak of war in the Middle East, and another with Dunagun Kaiser recorded days ago as the conflict escalates. Mark breaks down why precious metals are unusually volatile, how war and interventionism collide with inflationary fiat regimes, and why rising interest rates and commodity prices point to a more dangerous long-run trend. He also connects the dots between the Fed’s “liquidity” talk, a deeper leverage problem in finance, and the way wars can be used to divert attention from economic failures at home. Purchase a Minor Issues tumbler today! https://mises.org/MinorIssuesTumbler Be sure to follow Minor Issues at https://Mises.org/MinorIssues

People in this episode

Host: Mark Thornton

Guests: Daniela Cambone, Dunagun Kaiser

Topics covered

  • war
  • gold
  • Federal Reserve
  • inflation
  • precious metals
  • interest rates
  • economic failures

Keywords

  • war
  • gold
  • inflation
  • Federal Reserve
  • interest rates
  • precious metals
  • economic trends

Sponsors

Minor Issues tumbler

Mentioned in this episode

Organizations: Federal Reserve, Mises

Products: Minor Issues tumbler

More episodes of Minor Issues

Explore listener stats, chart rankings, contacts and more on the Minor Issues podcast page.