Saturday, September 20, 2025

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‘Operation Hydra’ Nets Largest Meth Seizure in US History

Federal agents made history by seizing the largest volume of precursors used to produce methamphetamine after interdicting two shipments from two ships on the high seas…

India Is Trading In U.S. Treasuries for Gold

(Mike Maharrey, Money Metals News Service) India is swapping U.S. Treasuries for gold, providing a concrete example of de-dollarization. As a Times of India report put it, U.S. Treasuries “seem to be losing favor.” Meanwhile, the Indian central bank has been rapidly increasing its gold reserves. “India's central bank has shown a preference for increasing gold reserves...

Chinese Analysts Worry About Exposure to U.S. Debt

(Mike Maharrey, Money Metals News Service) Chinese analysts recently expressed concern about the sustainability of the U.S. government’s borrowing and spending, suggesting that the country should further limit its exposure to U.S. debt. In an article published by China Money, a publication overseen by the Chinese central bank, researchers from the...

UBS Raises Its Gold Price Forecast Projecting New Record Highs

(Mike Maharrey, Money Metals News Service) Earlier this month, Citi raised its gold forecast. Another big bank, UBS, has now followed suit. The Swiss investment bank nudged its Q1 2026 forecast gold price by $100 to $3,600 an ounce. This would mean new record highs over the next six months or...

Inflation, Currency Debasement, and the Illusion of Stability

(Money Metals News Service) In this week’s episode of the Money Metals Midweek Memo, host Mike Maharrey explored the parallels between Iran’s recent currency redenomination and the United States’ long history of monetary debasement. The discussion connected historic and current events to show how inflation is not only persistent but...

Iran’s Proposed Inflation Fix Is as Old as Time

(Mike Maharrey, Money Metals News Service) Iran has found a solution to its inflation problem. Just lop some zeros off the currency. A parliamentary economics committee recently approved a bill to re-denominate the rial. The new currency would retain the name, but one new rial would equal 10,000 old rials. Imagine...

Bolivia Uses Gold to Prop Up Its Finances

(Mike Maharrey, Money Metals News Service) The Bolivian government is using gold to maintain the country's solvency. Large amounts of dollar-denominated debt burden Bolivia, and the country owns the lowest credit rating of any Latin American country, according to S&P Global. The country’s debt is rated Ca, defined as “likely...

Reversing Biden’s Precedent, Students Complete FAFSA in Minutes at Beta-Testing Event

(Tate Miller, The Center Square) President Donald Trump’s Department of Education is working to restore the student aid FAFSA form after the Biden administration made what should be a couple-minute long process into a days-long one. As a part of the rehabilitation effort, Secretary of Education Linda McMahon attended a...

Report: Average American to Receive $3,752 Tax Cut in 2026 Due to OBBBA

(Thérèse Boudreaux, The Center Square) The White House is touting a new economic analysis that estimates taxpayers will see an average $3,752 tax cut in 2026, due to provisions in the One Big Beautiful Bill Act. According to the nonpartisan Tax Foundation report, taxpayers in every state will see reduced...

Maine Man Turns Devalued Fiat Money to His Advantage By Paying Fine With Tons of Coins

(Mike Maharrey, Money Metals News Service) Government currency debasement steals your wealth and erodes your purchasing power, but there is a situation in which you can use the devaluation of our money to your advantage. If you have to pay a fine and want to make a point. That’s exactly what...

Feds Runs Another Massive Budget Deficit in July Despite Surge in Tariff Revenue

(Mike Maharrey, Money Metals News Service) Uncle Sam is cashing in on tariff revenue, but it’s not keeping up with his out-of-control spending habits. Despite triple the amount of tariff income, the July budget deficit surged to $294.14 billion, 19 percent higher than a year ago, according to the Monthly Treasury Statement. Meanwhile,...

U.S. National Debt Tops $37 Trillion

(Brett Rowland, The Center Square) Congress has spent more money than it has collected for the last two decades, allowing the U.S. debt to top $37 trillion for the first time. Experts expected the U.S. to pass the $37 trillion mark months ago. The Treasury Department marked the milestone in...
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