(Mike Maharrey, Money Metals News Service) The Federal Reserve has put interest rate cuts on pause due to sticky price inflation. The move makes sense, but why did the Fed start slashing interest rates in the first place? It was clear that the inflation monster wasn't dead when it surprised markets with a super-sized...
(Clint Siegner, Money Metals News Service) Americans have to wonder, based on revelations coming out of Washington DC, whether government waste, fraud, and abuse is happening on an industrial scale.
The need to perform audits and implement controls is obvious, despite wailing from people who somehow aren’t happy with the...
(Headline USA) More than 20 civil service employees resigned Tuesday from billionaire Trump adviser Elon Musk's Department of Government Efficiency, saying they were refusing to use their technical expertise to help cut costs.
“We swore to serve the American people and uphold our oath to the Constitution across presidential administrations,” the...
(Ken Silva, Headline USA) The Justice Department has asked a federal judge to sentence a former DC Homeland Security and U.S. Department of Agriculture official to 27 months in prison for perpetrating an $880,000 fraud on the COVID-era Paycheck Protection Program.
According to the DOJ, the defendant, Wendy Nicole Villatoro, 40, formerly...
(Headline USA) President Donald Trump had harsh words for Maine's Democratic governor during a meeting of governors at the White House on Friday, with Gov. Janet Mills telling the Republican president, “We'll see you in court,” over his push to deny federal funding to the state because it continues to...
(Dave DeCamp, Antiwar.com) Acting Deputy Secretary of Defense Robert G. Salesses said in a statement on Wednesday night that Secretary of Defense Pete Hegseth has ordered a review of Pentagon spending to realign spending to fund priorities of the Trump administration.
The statement from Salesses came after a report from The Washington Post said that...
(Mike Maharrey, Money Metals News Service) Gold demand in China continued to show signs of growth last month despite the relentless climb in prices.
China ranks as the world's largest gold market.
As Jesse Colombo reported, aggressive Chinese futures traders on the Shanghai Futures Exchange (SHFE) helped drive last year's gold bull...
(Money Metals News Service) In the latest episode of the Money Metals Midweek Memo, host Mike Maharrey dives deep into the Federal Reserve’s ever-changing stance on inflation, the reality behind rising consumer prices, and a seemingly unrelated yet important development—the end of the U.S. penny.
Through sharp analysis and historical comparisons,...
(Jp Cortez, Money Metals News Service) An X exchange over the weekend is bringing new light to an issue long shrouded in mystery — the status of America’s purported stockpile of 8,133 tons of gold stored in Fort Knox and other government vaults across the country.
News aggregator ZeroHedge tweeted at President...
(Money Metals News Service) In a recent episode of the Money Metals podcast, host Mike Maharrey sat down with financial analyst Greg Weldon to discuss the state of global markets, gold’s record-breaking rally, and the looming debt crisis threatening economic stability.
Weldon, a veteran trader and macroeconomic expert, shared critical insights into...
(Jan Nieuwenhuijs, Money Metals News Service) The U.S. Treasury can draw up to $700 billion in new funding from its gold revaluation account at the Federal Reserve. And the Treasury could invest this “new money” in a sovereign wealth fund (increasing the money supply by an equal amount).
Using its...
(Headline USA) A federal judge on Wednesday removed a key legal hurdle on Wednesday that was stalling President Donald Trump’s plan to downsize the federal workforce with a deferred resignation program.
U.S. District Judge George O’Toole Jr.'s order in the challenge filed by a group of labor unions was a...