Saturday, May 24, 2025

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Zelenskyy Says Ukraine Not in Debt to the US

(Dave DeCamp, Antiwar.com) On Sunday, Ukrainian President Volodymyr Zelenskyy pushed back on the terms of the rare earth minerals deal that the Trump administration wants him to sign, insisting Ukraine was not in debt to the US. President Trump has previously said that he wants a deal with Ukraine that would give the...

Stock Market Today: Wall Street Drifts Following Last Week’s Tumble

(Headline USA) U.S. stock indexes are drifting on Monday following their sharp losses from last week. The S&P 500 was up 0.1% in midday trading after flipping between small gains and losses through the morning. The relatively modest moves follow its 1.7% tumble on Friday, which followed several reports on the...

Reports: Musk Has Only Seen Son 3 Times; Mother Plotted to Have His Baby

(Ken Silva, Headline USA) A custody petition filed by the mother of one of Elon Musk’s children says he’s only visited the baby three times. Meanwhile, purported text messages show that the mother sought to have Musk’s child well ahead of meeting him. The custody petition comes from Ashley St....

Undoing DOGE: GOP Congressional Budget Plan Would Swell Deficits

(Mike Maharrey, Money Metals News Service) With all the attention focused on the wasteful spending being unearthed by DOGE and talk of “rebate” checks, you might think that the Trump administration is finally getting the federal government's reckless borrowing and spending under control. But if we turn our attention...

U.S. Gold Jewelry Demand Surprisingly Strong Despite Record Gold Prices

(Mike Maharrey, Money Metals News Service) Gold had quite a run in 2024, hitting record highs 40 times. That momentum carried over into 2025, with new record highs above $2,900 an ounce. One might expect these higher prices to put a drag on demand for gold jewelry, but surprisingly, the impact has been...

Trump Fixed the Penny Problem But Now We Have a Nickel Problem

(Mike Maharrey, Money Metals News Service) My grandfather used to say, “Don’t take any wooden nickels.” The idiom basically meant, “Be careful! Don’t get cheated.” Back in the day, small banks and merchants sometimes handed out novelty wooden nickels as promotional items. Of course, they had no value. You didn’t...

Americans Ran Up Even More Debt to Pay for Christmas

(Mike Maharrey, Money Metals News Service) Christmas 2024 was brought to you by Visa, Mastercard, et al. Was this the last gasp of an American consumer buried under mountains of debt? Retail sales were strong in December (up 0.7 percent). Economists and pundits lauded the "strength" of American consumers and...

Trump’s HHS Purge Begins w/ More than 5,000 Jobs on the Chopping Block

(Headline USA) The Trump administration’s effort to slash the size of the federal workforce reached the Food and Drug Administration this weekend, as recently hired employees were fired. Probationary employees across the FDA received notices Saturday evening that their jobs were being eliminated, according to three FDA staffers who spoke to...

Trump’s Trade of Munitions for Mining Rights Would Hasten Bretton Woods III

(Peter C. Earle, Money Metals News Service) US President Donald Trump has proposed supplying Ukraine with ongoing military aid in exchange for access to its abundant reserves of rare earth minerals — elements critical to high-tech industries and defense applications. This proposal aligns with Trump’s long-standing perspective on leveraging...

CPI Rises for Fourth Straight Month

(Mike Maharrey, Money Metals News Service) It's getting harder and harder to pretend the inflation problem isn't a problem. Last month, the markets and the mainstream media threw a party when the CPI data came in "cooler than expected." CNBC led with this rosy summary. “U.S. stocks popped on Wednesday...

Is the Shortage of Large Bars Temporary?

(Clint Siegner, Money Metals News Service) Traders with an obligation to deliver physical bars in the U.S. have found the available inventory is in short supply. They have been rushing to import supplies from London and/or paying hefty premiums to secure the bars they need. Others have been capitalizing...

Paper Money Isn’t a Fix for Central Bank Digital Currency (CBDC)

(Mike Maharrey, Money Metals News Service) There has been quite a bit of pushback against governments and central banks around the world as they seek to introduce central bank digital currencies. But in the scramble to block CBDCs, some people seem to have forgotten that there is a more...
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