Monday, June 30, 2025

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Trump Declares War on GOP Dissenter Thomas Massie Ahead of 2026 Primary

(José Niño, Headline USA) Axios reported that Kentucky Rep. Thomas Massie is in President Donald Trump’s crosshairs as the sitting president’s political machine launches an aggressive campaign to unseat him in 2026 The move sends a clear warning to other GOP lawmakers: cross Trump, and you could be next. https://twitter.com/RepThomasMassie/status/1936574721312923803 Massie’s criticism...

Gavin Newsom Launches $787 Million Legal Attack on Fox News

(Luis Cornelio, Headline USA) California Gov. Gavin Newsom sued Fox News on Friday over what he claimed were defamatory remarks about his phone call with President Donald Trump before the deployment of the National Guard in the Golden State.  Newsom claimed Fox News host Jesse Watters mistakenly accused him of lying about Trump...

Gold Over $3,000: Why the Bull Run Is Just Beginning

(Money Metals News Service) In a recent episode of the Money Metals Podcast, analyst Mike Maharrey sat down with Brien Lundin, editor of Gold Newsletter and CEO of the New Orleans Investment Conference, to unpack the forces driving precious metals higher—and why the rally may be far from over. With gold solidly above $3,000...

Trump v Powell: The Credibility Cost of Politicized Monetary Policy

(Nicolas Cachanosky, Money Metals News Service) Politicians might prefer lower interest rates, but the Fed must protect its fragile post-pandemic progress on prices. Credibility is hard-earned and easily lost. The tension between President Donald Trump and Federal Reserve Chair Jerome Powell has reignited, following the Fed’s recent decision to hold interest rates...

Florida Sheriff’s Office Using Gold to Catch Crooks

(Mike Maharrey, Money Metals News Service) Every once in a while, you’ll hear somebody claim that gold is “a useless metal.” You may think I’m exaggerating, but I assure you, I’m not. I heard a commentator on MSNBC say it with my own two ears a few years ago. Warren...

New Plan Proposed to Sell Public Lands, Following Opposition

(Elyse S. Papel, The Center Square) Following push back from a growing coalition of politicians and public interest groups, U.S. Sen. Mike Lee, R-Utah, proposed an amended version of his plan to sell off public lands. While the previous proposal would have required the government to auction off between 2.2 million and...

Germans and Italians: Bring Our Gold Home!

(Mike Maharrey, Money Metals News Service) Calls to bring Germany’s gold home are growing, and now voices in Italy are urging that country’s government to do the same. Germany owns the second-largest gold reserves in the world at 3,352 tonnes. Italy ranks number three with 2,452 tonnes. Both countries utilize...

New Fannie Mae Rules to Allow Cryptocurrencies to Underpin Mortgage Applications

(Headline USA) The head of the federal government agency that oversees Fannie Mae and Freddie Mac wants the mortgage giants to consider accepting a homebuyer's cryptocurrency holdings in their criteria for buying mortgages from banks. William Pulte, director of the Federal Housing Finance Agency, which oversees Fannie and Freddie, ordered the...

Despite Mainstream Pessimism, Gold Still Shines: Why the Bull Market Isn’t Over

(Money Metals News Service) Money Metals Midweek Memo host Mike Maharrey isn’t buying the recent bearish turn in gold forecasts from Wall Street. In this week’s podcast, he pushes back against the prevailing optimism in financial markets and lays out a compelling, data-backed case for why gold and silver still...

Treasury Hits 3 Banks w/ Sanctions over Alleged Cartel Money Laundering

(Brett Rowland, The Center Square) The U.S. Treasury Department on Wednesday slapped sanctions on three Mexican-based banks that it said were used to launder millions of dollars for cartels. The move, officials said, would cut the banks off from the U.S. financial system. Treasury's Financial Crimes Enforcement Network identified three Mexico-based...

House Democrats, Republicans Spar over Implementing DOGE Cuts

(Andrew Rice, The Center Square) House Republicans and Democrats sparred on Tuesday over codifying cuts proposed by the Department of Government Efficiency. Rep. Marjorie Taylor Greene, R-Ga., said Congress needs to “lock in” DOGE’s $180 billion in cuts across the federal government at a House Oversight and Government Reform’s DOGE...

Powell Holds Ground before Congress amid Pressure from Trump

(Brett Rowland, The Center Square) Federal Reserve Chairman Jerome Powell told Congress on Tuesday that economic data merited lower interest rates but that tariffs could undo the central bank's fight to tame inflation. "If you just look in the rearview mirror and look at the existing data that we've seen,...
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