Saturday, April 26, 2025

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San Francisco Bureaucrat Faked 17 Children to Scam $500K in Handouts

(Luis Cornelio, Headline USA) A San Francisco city worker was caught multiplying like rabbits—at least on paper—after fabricating records for more than a dozen children in a scheme to defraud taxpayers of more than $500,000 in government entitlements.  Daisy Avalos, a staffer in the San Francisco Human Services Agency, and her...

Kentucky Legislature Repeals Sales Taxes on Gold and Silver, Encourages Lawsuits for Wrongful Taxation

(Money Metals News Service) The Kentucky legislature has overwhelmingly passed a new sound money bill, sending the measure to Gov. Andy Beshear for his signature. House Bill 2 aims to prevent the collection of sales taxes on gold and silver, and would enable taxpayers to sue the state for recovery...

Gold and Silver Look Ready to Rock and Roll

(Jesse Colombo, Money Metals News Service) The financial markets have been all over the place this week, with stocks swinging back and forth without a clear direction. The session opened on a positive note after a benign U.S. Consumer Price Index (CPI) report showed core inflation rising just 3.1% in...

The Weaponization of the Dollar and Its Global Implications

(Money Metals News Service) In this week’s episode of the Money Metals Midweek Memo, host Mike Maharrey went into a deep discussion on the weaponization of the U.S. dollar, the global response to financial sanctions, and the ongoing trend of de-dollarization. Maharrey revisited a 2019 appearance on RT, where he predicted...

Stock Market Sinking… and What Are Gold & Silver Doing?

(Money Metals News Service) The Dow, S&P 500, and the Nasdaq all sold off viciously yesterday, with the Nasdaq having its worst day since 2022. This brings overall stock market losses to $4 trillion since last month's highs. Shares of the "Magnificent Seven," the companies largely responsible for the strong...

De-Dollarization, Gold and a Shift to a Multipolar World

(Mike Maharrey, Money Metals News Service) An end to the dollar’s status as the world’s reserve currency would mean disaster for the U.S. economy. The United States depends on global demand for dollars to facilitate its borrowing and spending. The greenback’s status helps support America’s economic and military dominance. You...

The Gold at Fort Knox WAS Stolen from Americans

(Ryan McMaken, Money Metals News Service) In recent days, President Donald Trump, Elon Musk, Senator Rand Paul, and some others have pressed for an audit of the US gold reserves, with a special focus on the gold at Fort Knox. This is perfectly reasonable given that the U.S. gold reserves—which...

Kazakh Central Bank Selling Dollars to Facilitate Gold Purchases

(Mike Maharrey, Money Metals News Service) The National Bank of Kazakhstan (NBK) recently announced plans to sell dollars to ease the inflationary pressure caused by its gold purchases. The Kazakh central bank buys most of its gold from domestic production, growing its reserves without engaging in the world gold market. Kazakhstan...

Meet the Mysterious Woman Running DOGE

(Headline USA) President Barack Obama’s White House recognized Amy Gleason as a “Champion of Change” in the industry. When the coronavirus struck in 2020, she was a health care technologist in the first Trump White House who worked grueling hours building data systems to guide the federal response. Now, her...

American Employers Add 151,000 Jobs in February

(Headline USA) Over the month of February, U.S. employers added roughly 151,000 jobs. Per a Labor Department report on Friday, this marked a notable increase in job creation from January, when U.S. businesses added 125,000 in January.  Economists initially projected that businesses would add 160,000 new jobs in February. That...

An incorrect correction: Regaining Momentum

(Brien Lundin, Money Metals News Service) Well, that was quick. I recently wrote about the detailed technical setup for gold that was predicting a correction in the gold price. I shared a couple of areas of concern. First, gold’s relative strength index (RSI) had risen to overbought levels. We’ve seen...

Strong Demand + Poor Planning: S. Korea Mint Faces Gold Bar Shortage

(Mike Maharrey, Money Metals News Service) Strong demand for gold coupled with a movement of metal to New York has caused a dramatic gold bar production problem at the state-owned Korea Minting and Security Printing Corporation (KOMSCO). KOMSCO mints gold coins and bars, along with other "security items" including banknotes, IDs, and passports. Among...
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