(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,...
(Mike Maharrey, Money Metals News Service) Silver has cracked a key resistance level, and Rich Dad Poor Dad author Robert Kiyosaki called the white metal “the biggest bargain today.”
Silver was up 5.3 percent on Monday, the biggest gain in eight months. And on Wednesday, the white metal surged above $36 an ounce in...
(Money Metals News Service) Mike Maharrey opened this week’s Money Metals Midweek Memo with an anecdote about metal detecting—a light segue into a serious look at gold scarcity. He recounted the 1979 discovery of the Golden Beauty, a nearly 10-pound gold nugget found in Western Australia, now up for auction with an opening...
(Luis Cornelio, Headline USA) The Democratic National Committee has unveiled its latest anti-Trump stunt, baffingly branded “TACO,” an acronym for “Trump Always Chickens Out.”
The campaign, first reported by Axios on Tuesday, comes in response to Trump lecturing a reporter who mentioned the Wall Street phrase allegedly used to predict his reaction to...