Friday, July 18, 2025

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Sen. Adam Schiff Referred to DOJ for Mortgage Fraud

(Luis Cornelio, Headline USA) Federal housing investigators have referred Sen. Adam Schiff, D-Calif., to the DOJ for a formal investigation after uncovering discrepancies tied to his claimed primary residence.    Fannie Mae’s financial crimes division found that Schiff and wife, Eve, engaged in a sustained pattern of possible occupancy misrepresentation” on...

Senate NDAA Would Add $32 Billion to Trump’s $1 Trillion 2026 Military Budget

(Dave DeCamp, Antiwar.com) The Senate Armed Services Committee (SASC) has approved its version of the 2026 National Defense Authorization Act (NDAA), which would add approximately $32 billion to President Trump’s planned military budget of $1.01 trillion. The SASC’s NDAA would provide $924.7 billion in military spending, including $878.7 billion for the...

China, Canada Lead Spending Spree on U.S. Real Estate, Report Finds

(Brett Rowland, The Center Square) China and Canada led the ranks of foreign buyers snapping up U.S. homes, according to a new report. Foreigners bought $56 billion worth of existing U.S. homes from April 2024 through March 2025, according to the National Association of Realtors 2025 International Transactions in U.S....

Taxpayers Will No Longer Fund Illegal Aliens’ Education

(Tate Miller, The Center Square) Taxpayers will no longer pay for the education of noncitizens in the U.S. illegally, the U.S. Department of Education said Thursday. The department said “it will end taxpayer subsidization of illegal aliens in career, technical, and adult education programs.” A news release said that this change...

Gold Grinding Sideways, but Gathering Strength

(Clive Maund, Money Metals News Service) Gold has made impressive gains so far this year, but when it spiked up to touch $3,500 in the middle of April, it became heavily overbought. That's when gold went into a rectangular consolidation pattern that has given time for the overbought condition to fully...

USDA: 45M Acres of American Land Owned by Foreign Entities

(Thérèse Boudreaux, The Center Square) Nearly 46 million acres of forest and farmland are held by foreign investors, including by countries hostile to America, according to data released by the U.S. Department of Agriculture. The Foreign Farm Land Purchases map, unveiled to the public Thursday, highlights the increase of “foreign...

The Fed’s Broken Compass: Why Central Planning of Interest Rates Is Destined to Fail

(Money Metals News Service) Mike Maharrey opens this week’s Money Metals Midweek Memo with a warning ripped from Jurassic Park: just because you can doesn’t mean you should. He applies this to the Federal Reserve, accusing it of blindly tinkering with the economy's most fundamental signal—interest rates. The parallel is sharp. Dr. Ian Malcolm warned of scientific...

Investors Snap Up Growing Share of US Homes as Traditional Buyers Struggle to Afford One

(Headline USA) Real estate investors are snapping up a bigger share of U.S. homes on the market as rising prices and stubbornly high borrowing costs freeze out many other would-be homebuyers. Nearly 27% of all homes sold in the first three months of the year were bought by investors --...

Insuring Against A Certain Catastrophe

(Brien Lundin, Money Metals News Service) I occasionally give presentations on gold and silver to audiences that aren’t familiar with the sector. So I try to include as much of the basic rationale for owning the precious metals, stressing that there are two distinct reasons to do so — as...

The Founding Fathers and Paper Money

(Mike Maharrey, Money Metals News Service) As we celebrate America’s independence, there is a lot of focus on the Founding Fathers. After all, they drove the American Revolution. The revolution was a mind-boggling accomplishment. It was incredible that rag-tag U.S. forces were able to face down the mighty British Empire....

Sound Money Saved the American Revolution

(Money Metals News Service) As Americans celebrate Independence Day with fireworks and festivities, it’s worth remembering that the ideals of 1776 were more than abstract declarations—they were backed by bold action, including the rejection of debased money and the embrace of gold and silver as the foundation of a...

Over 500 Jewish Organizations Receive $94 Million from DHS

(José Niño, Headline USA) Jewish synagogues, schools, and community centers nationwide will receive an influx of cash as the Department of Homeland Security announces $94 million in grants following a surge in antisemitic attacks. Last Friday, DHS announced that it is awarding $94,416,838 in federal grants to 512 Jewish faith-based...
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