(Mike Maharrey, Money Metals News Service) Powell & Company at the Federal Reserve sees an elevated stagflation threat. In response, they decided to do nothing.
The Fed held interest rates steady between 4.25 and 4.5 percent. Rates have remained at that level since last December.
The official FOMC statement was little changed from...
(José Niño, Headline USA) For the first time in 50 years, more people are reportedly leaving the United States than arriving.
The Washington Post reported that economists Wendy Edelberg and Tara Watson of the Brookings Institution, in addition to Stan Veuger of the American Enterprise Institute, project in a forthcoming...
(Mike Maharrey, Money Metals News Service) Central banks have gobbled up over 1,000 tonnes of gold for three straight years, and most central bankers think the buying trend will continue.
Last year was the third-largest expansion of central bank gold reserves on record, coming in just 6.2 tonnes lower than...
(Mike Maharrey, Money Metals News Service) The International Monetary Fund (IMF) supports the Zimbabwe gold-backed ZiG “fully becoming a national currency.”
Currently, the U.S. dollar serves as the country’s primary currency, with about 80 percent of the country’s transactions using greenbacks.
Also known as Zimbabwe Gold, the ZiG is a structured currency backed...
(Stuart Englert, Money Metals News Service) Whenever the indebted United States nears its legal borrowing limit, the fiscal can kickers in Washington, D.C., and their misinformation-spewing mouthpieces spout an oft-repeated falsehood and make audacious predictions about the nation’s ability to finance its burgeoning debt forever.
“The U.S. has never defaulted...
(Mike Maharrey, Money Metals News Service) The May CPI report is ratcheting up pressure on Jerome Powell and the Federal Reserve to cut interest rates.
In other words, the perception that the inflation problem is solved is raising the specter of more inflation.
In a social media post on Wednesday, Vice...
(Brett Rowland, The Center Square) President Donald Trump said Wednesday that U.S. talks with China in London resulted in a tentative deal that still needs China's President Xi Jinping's final approval.
The president announced the deal in an all-caps post on Truth Social.
"FULL MAGNETS, AND ANY NECESSARY RARE EARTHS, WILL...
(Jesse Colombo, Money Metals News Service) After fifteen years of stagnation, platinum has woken up in a big way with an impressive 36% surge over the past two months. Even more exciting, this bull market may just be beginning.
Although I typically focus on gold and silver in this newsletter,...
(Clint Siegner, Money Metals News Service) Americans are accustomed to assets being priced in terms of Federal Reserve note dollars. It makes sense, of course.
The dollar is the currency of the realm. There is, however, a real problem with using it as a benchmark.
Government inflation statistics cannot be trusted....
(Mike Maharrey, Money Metals News Service) Supporters of tax cuts argue that they eventually "pay for themselves" and lower deficits through economic growth and increased revenue, even without significant spending cuts.
Recent history casts doubt on this claim.
Examining the three major tax cuts over the last 50 years, after initially...
(Luis Cornelio, Headline USA) New reporting has shed light on President Donald Trump’s decision to oust Elon Musk from the White House, including an alleged physical altercation between the tech mogul and Treasury Secretary Scott Bessent.
Following a meeting in the Oval Office about who should lead the IRS, Musk rammed his shoulder...
(José Niño, Headline USA) Accenture, the world’s largest consulting firm, has quietly become a driving force behind the rise of global surveillance and algorithmic policing—growing from the 59th largest U.S. government contractor to the 8th largest in about two decades.
A new investigation published last month by Reactionary International,...