(Money Metals News Service) A bank run is a familiar danger in a fractional-reserve banking system. In December 1930, as the Great Depression deepened, the privately owned Bank of United States in New York collapsed after a run by depositors. Despite its name, it was not a government institution....
(Headline USA) A top Federal Reserve official said Monday that the central bank may have to cause economic pain in the form of higher unemployment to combat stubbornly high inflation.
Austan Goolsbee, president of the Federal Reserve Bank of Chicago, said in a speech in London that the Fed is...
(Bethany Blankley, The Center Square) The U.S. Department of Homeland Security has approved reimbursing Texas $7.5 billion for costs incurred by the state's border security operations during the Biden administration's border crisis.
It's the first time Texas has received such a reimbursement, thanks to a new federal law.
Gov. Greg Abbott...
(Mike Maharrey, Money Metals News Service) Asia continues to position itself to challenge Western dominance in the gold market. This is creating high demand for bullion vaulting space in Singapore.
The West has dominated the gold trade for years, with London, New York, and Switzerland as major players. However, as...
(José Niño, Headline USA) America’s wealthiest political contributors have overwhelmingly favored Republican candidates in the 2026 congressional elections. A Financial Times report found that 16 of the 20 largest donors supported Republican efforts, while George Soros emerged as the most prominent Democratic contributor.
Those 20 donors provided more than one...
(Chris Wade, The Center Square) The world's “richest man” is pumping money into Maine's congressional races as part of broader efforts to keep control of Congress in Republican hands.
Tesla CEO Elon Musk's America PAC has begun spending money to back GOP candidates in key battleground states ahead of November's...
(Headline USA) President Donald Trump's proposal to send $5,000 to every American adult if his Republican Party maintains control of the House and Senate in the November election needs congressional approval, House Speaker Mike Johnson said Sunday, while pledging to try to make it happen.
Trump made the unusual pitch...
(Andrew Rice, The Center Square) U.S. inflation rose by 0.4% in August for an annual rate of 3.4%, keeping in track with July's data, according to a new report from the U.S. Bureau of Labor Statistics.
The index for gasoline rose 3.9% during the month, accounting for more than one...
(Tate Rosentreter, The Center Square) In response to a lawsuit from 12 Democratic state attorneys general attempting to stop the Paramount Skydance-Warner Bros. Discovery merger, Paramount is requesting a $1.88 billion bond from the coalition of state officials.
Executive Director of the Committee for Justice Ashley Baker told The Center...
(Headline USA) Six Nigerian nationals linked to an organized criminal network that allegedly swindled American women out of over $6 million through online romance scams will be extradited to the United States on Friday, South African police said.
The men, who were arrested in the South African city of Cape Town...
(Money Metals News Service) In this week’s Money Metals Midweek Memo, host Mike Maharrey examined what he calls the debasement trade. It is the growing preference for tangible assets such as gold and silver as protection against the declining purchasing power of fiat currencies.
Maharrey framed the trend as a matter...
(Mike Maharrey, Money Metals News Service) Last spring, Prime Minister Narendra Modi urged Indians to put off buying gold for a year.
They apparently didn’t heed the advice.
The Titan Company reported a 63 percent profit increase in the second quarter and a notable increase in foot traffic. And according to...