Friday, May 16, 2025

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The Logic of Debt Under Fiat: The Student Edition

(Joakim Book, Money Metals News Service) Anyone who looks at fiat currency long enough, eyes wide open, usually comes to the conclusion that this is an upside-down world. Unlike gold or silver as sound money, under fiat currency thrift is penalized, financial surpluses are burdens, and losses are good. With tax...

Trump Will Lift All Sanctions on Syria, Will Meet HTS Leader Wednesday

(Jason Ditz, Antiwar.com) President Trump has announced that he will lift all sanctions the US has against the Syrian government, which he says will “give them a chance at greatness.” He will also meet Syria’s leader, Hayat Tahrir al-Sham (HTS) leader Ahmed al-Sharaa on Wednesday. The US has had sanctions...

Gold Overtakes Stocks as “Best Long-term Investment” Behind Real Estate in Latest Gallup Poll

(Mike Maharrey, Money Metals News Service) Those golden bulls have grabbed some attention. According to the latest Gallup poll, gold has overtaken stocks and is now viewed as the second-best long-term investment in America, trailing only real estate. In the latest survey, 23 percent of the respondents chose gold as the best...

Trump Signs Sweeping Order to Lower the Cost of Prescription Drugs

(Headline USA)  President Donald Trump said he will set a 30-day deadline for drugmakers to lower the cost of prescription drugs in a sweeping executive order that he will sign on Monday. The order calls on the health department, led by Robert F. Kennedy Jr., to broker new price tags...

Here’s Where Gold & Silver Stand

(Jesse Colombo, Money Metals News Service) Both gold and silver are undergoing healthy consolidation phases after their strong rallies, allowing them to reset and work off overbought conditions. It’s time for an updated look at where things stand. Three weeks ago, I suggested that gold may have temporarily peaked after a...

Google to Pay Texas $1.4B to Settle Claims of Collecting Users’ Data w/o Permission

(Headline USA) Google will pay $1.4 billion to Texas to settle claims the company collected users' data without permission, the state’s attorney general announced Friday. Attorney General Ken Paxton described the settlement as sending a message to tech companies that he will not allow them to make money off of “selling...

Third Hornet Lost From Truman Red Sea Deployment Brings Cost to $180M

(Steve Wilson, The Center Square) The loss of three F/A-18 Super Hornet fighter aircraft in the Red Sea could cost taxpayers $180 million to replace before production ends on the jets in 2027. In six months of operations against Houthi militants in Yemen, the U.S.S. Harry Truman has lost three...

Gold’s Strange Behavior

(Brien Lundin, Money Metals News Service) Yes, it’s different this time. I know that’s about the most dangerous phrase in all of investing, and virtually everyone who has ever uttered it was ultimately made a fool by the markets. But there’s no denying that this gold bull market is unprecedented for...

NYT Publishes Elon Musk’s Home Address amidst Recent Political Violence

(Luis Cornelio, Headline USA) Billionaire Trump backer Elon Musk may no longer be safe after the New York Times inexplicably published his home address—despite the tech mogul facing mounting death threats and political intimidation.  The Times exposed Musk’s location in a hit piece about what it’s like to live near him...

When To Sell Gold

(Clint Siegner, Money Metals News Service) Gold has outperformed most asset classes for the last 25 years. If you think about it, that is a pretty remarkable run. Economic conditions varied widely, but gold held up better in tough times as well as during periods of growth. In all likelihood,...

Hunter Biden Drops Dubious Suit Against IRS Whistleblowers

(Luis Cornelio, Headline USA) Hunter Biden, the embattled son of disgraced former President Joe Biden, has dropped his longshot lawsuit against the two IRS whistleblowers who exposed how the federal government shielded him from criminal scrutiny for years.  Filed in 2023, the lawsuit claimed IRS agents Gary Shapley and Joseph Ziegler had...

Kentucky Man Who Won Powerball Jackpot Lands in Florida Jail Days Later

(Headline USA) A Kentucky Powerball winner was arrested and charged with kicking a police officer in Florida days after he won a $167 million jackpot. James S. Farthing, who goes by Shannon, found out Sunday that he won the state's biggest ever jackpot after his mother called him, according to a...
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