Iran War Hype, Gold, and the Fed’s Debt Bubble

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Tags: The Fed, Financial Markets, U.S. Economy

03/07/2026 Mark Thornton

On the latest episode of Minor Issues, Mark Thornton appears on Arcadia Economics with Chris Marcus during a volatile week for gold and silver amid the escalation with Iran. They unpack the risks and “unintended consequences” of the conflict, along with what all of this means for markets, the dollar, and investor psychology. Mark closes with a hard look at the Fed-fueled, fifteen-year bubble of credit and debt, the growing stress in sovereign debt markets, and why central bankers can’t “magic away” the structural problems that created this mess.

The original episode is available at https://www.youtube.com/watch?v=MQn1GenrMyQ

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