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Report: Trump Might Bomb Iran Before Midterms

(Dave DeCamp, Antiwar.com) The White House has asked the Pentagon to develop plans for attacks on Iran that could be carried out before midterm elections are held on November 3, according to a report from The Atlantic. Unnamed Trump administration officials told the outlet that the planning underscores how much...

Oil Surge, Tech Selloff Rattle Wall Street

(Headline USA) Some sharp reversals kept financial markets unsteady on Thursday, as oil prices rose and U.S. stock indexes finished mixed. The S&P 500 fell 0.5% for a second straight loss after setting its all-time high. The Dow Jones Industrial Average added 51 points, or 0.1%, and the Nasdaq composite...

CIA Warns Israel Faces Civil War

(José Niño, Headline USA) A classified CIA analysis reportedly warns that Israel could face serious internal unrest or even state failure as prolonged regional wars, growing economic strain, and political division converge before the country’s October 27 election. The assessment, described by Drop Site News and co-published with Capital...

Ex-CIA Official Who Stole $40M in Gold Bars Pleads Guilty

(Headline USA) A former senior CIA official pleaded guilty on Tuesday in Virginia to a charge that he abused his position and government funds to enrich himself by acquiring Florida real estate and hundreds of gold bars worth over $40 million, according to court records. David J. Rush fabricated a...

Trump Announces $90 Payments for Seniors on Medicare

(Headline USA) President Donald Trump is promising more payments to voters just ahead of the Nov. 3 midterm elections — this time, to more than 20 million seniors, giving them $90 each to help pay for Medicare premiums. The announcement, made late Friday night by Trump on social media, comes after...

Federal Reserve Watchdog Blasts Excessive Waste in $2.4B Building Renovation

(Headline USA) The Federal Reserve’s internal watchdog said Wednesday that the central bank has broadly mismanaged an expansive building renovation project but did not find any criminal violations, as alleged by Trump administration prosecutors. A variety of missteps by the Fed's Board of Governors and staff inflated the cost of...

Warning! Don’t Hand Gold to Strangers at Walmart

(Mike Maharrey, Money Metals News Service) You can file this under the category of "things I never thought I'd need to write." Ladies and gentlemen, don’t give gold to a stranger in a Walmart parking lot, even if they say, “black bug!” Yes, this happened. In real life. It started last April when...

Hedge Funds Are Still Buying Treasuries, and That Could Become a Problem

(Mike Maharrey, Money Metals News Service) The Treasury market is in meltdown, and the sector propping it up could ultimately deepen the crisis. The 10-year Treasury yield surged to 5.33 percent overnight, the highest level since 2002. Gold Newsletter publisher Brien Lundin called it “a bond bloodbath.” The problem is nobody...

Senate Democrats Block Congressional Insider Trading Ban from Becoming Law

(Thérèse Boudreaux, The Center Square) The U.S. Senate failed to advance a bill Wednesday that would have banned congressional stock trading after every Democrat voted against it. The Stop Insider Trading Act, introduced by Rep. Brian Steil, R-Wis., passed the House earlier this year with bipartisan support. It would bar...

Nomi Prins: Fed Rate Hike Doesn’t Change Gold’s Long-Term Outlook

(Money Metals News Service) On a recent episode of Money Metals Weekly Market Wrap, the Money Metals podcast, host Mike Maharrey spoke with Nomi Prins about higher interest rates, rising oil prices, Treasury market strain, and accelerating government debt. Prins argued that these forces continue to reinforce the case...

Hong Kong to Launch Yuan-Denominated Gold Futures Contract

(Mike Maharrey, Money Metals News Service) Over the past week, officials have announced several measures, including a yuan-denominated gold futures contract, with the goal of further positioning Hong Kong as an international gold hub and raising the yuan's global status. Earlier this summer, Hong Kong launched trial operations of a...

Treasury Announces Second Oversized Bond Buyback as It Tries to Put a Lid on Yields

(Mike Maharrey, Money Metals News Service) The Treasury Department will buy back another $6 billion in long-term Treasuries today (Thursday, Sept. 24) as it continues efforts to tamp down rising yields. Treasury Secretary Scott Bessent announced this second expanded buyback on Wednesday. And once again, the markets shrugged. The 30-year Treasury hit...
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