Monday, May 11, 2026

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Central Bank Gold Buying Through First Half of 2024 Sets Record

(Mike Maharrey, Money Metals News Service) Despite central bank gold buying slowing moderately in the second quarter, it set a record through the first half of 2024. Central banks globally added a net 483 tons of gold through the first six months of the year,  5 percent above the record...

Department of Justice Sues TikTok Over Alleged Child Privacy Violations

(Brett Rowland, The Center Square) The Department of Justice sued TikTok and its parent company, China-based ByteDance, on Friday for alleged violations of an online privacy law for children. "The Department is deeply concerned that TikTok has continued to collect and retain children’s personal information despite a court order barring...

Train Derailment Victims Must Give up Right to Sue to be Eligible to Receive $25K

(Headline USA) People who live near East Palestine, Ohio, can now get $25,000 apiece for any injuries they sustained after last year's Norfolk Southern freight train derailment on top of whatever money they get for property damage as part of the $600 million class-action settlement. The lawyers who negotiated the...

IRS Employees Owe $50M, Despite Monitoring Americans’ Money

(Dmytro “Henry” Aleksandrov, Headline USA) A new audit by the Treasury Department’s inspector general found that IRS employees and contractors owe a collective $50 million in back taxes, who happened to be the same people who are constantly counting every penny in the wallets of the American taxpayers. The Daily...

Are Government Statistics Concealing the Truth About the Economy?

(Clint Siegner, Money Metals News Service) Americans are questioning all sorts of government functions these days. For example, the majority of people, according to polls, have doubts as to whether U.S. elections are free and fair. Some believe the federal justice system has been weaponized and used against those in...

Netflix Boycotted After Founder Donates $7M to Kamala Harris

(Dmytro “Henry” Aleksandrov, Headline USA) After Joe Biden left the presidential race on July 21, 2024, and endorsed Kamala Harris, Netflix co-founder Reed Hastings, who had wanted Biden to step aside for a very long time, donated $7 million to Harris's 2024 campaign. Trending Politics reported that this resulted...

Market Volatility, Political Drama Increases Uncertainty As Metals Fall

(Mike Gleason, Money Metals News Service) As Democrats prepare to coronate Kamala Harris, investors are growing nervous. One measure of investor apprehension is the VIX volatility index, also known as the fear index. The VIX spiked on Thursday to its highest level in three months. That coincided with a selloff on...

Support Sound Money: Bring Back Gold Clause Contracts

(Mike Maharrey, Money Metals News Service) One of the ways the government maintains its fiat money system is by throwing up legal and regulatory roadblocks to those wanting to use real money such as gold and silver. Reviving the use of gold clause contracts removes one of those barriers.  The...

African Countries Are Turning to Gold

(Mike Maharrey, Money Metals News Service) A growing number of African countries are turning to gold to hedge geopolitical risk and protect against currency losses. Nigeria, Uganda, Zimbabwe, Madagascar, and several other African nations have made moves to increase gold reserves, bring their gold home, and even back their currencies...

Teachers Union Boss Endorses Kamala in Unhinged Rant About Fascism

(Headline USA) Teachers union boss Randi Weingarten endorsed Vice President Kamala Harris as the Democratic Party’s presidential candidate in an unhinged rant on Monday. Speaking at the American Federation of Teachers’ annual convention in Texas, Weingarten warned that if Democrats don’t defeat former President Donald Trump, the U.S. could descend into...

Central Planning, Hubris, and a Lesson from 1953

(Mike Maharrey, Money Metals News Service) Don’t worry. It's fine. The Federal Reserve has everything under control. This seems to be the prevailing attitude in the marketplace. Sure, the Fed lost control of price inflation for a while, but that wasn’t really its fault. It was due to supply chain...

We Are in a Recession in Full-Time Jobs

(Mike Maharrey, Money Metals News Service) We’ve been told the economy is strong for more than a year. The strong labor market with millions of new jobs serves as a primary data point to support this claim. But the headline numbers don’t tell the whole story.  The labor market isn’t telling...
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