Saturday, May 2, 2026

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The Fed’s Silent Surrender: Easy Money Returns as Crisis Looms

(Money Metals News Service) In this week’s episode of the Money Metals Midweek Memo, host Mike Maharrey issued a stark warning about the state of the U.S. economy, monetary policy, and the Federal Reserve’s quiet but significant moves. Maharrey argued that the economy is addicted to easy money, comparing it to...

LA Seeks $1.9B Bailout Amid $1B Deficit, $38M in Lost Revenue from Fires

(Kenneth Schrupp, The Center Square) Los Angeles is seeking a $1.9 billion state bailout after receiving $2.5 billion in state aid thus far. Los Angeles faces a $1 billion deficit due to spending vastly outpacing revenues — issues that predated the fire and which City Controller Kenneth Mejia has long...

DOGE Claims a 9-Month Old Baby Received $100k Small Business Loan

(Maire Clayton, Headline USA) President Donald Trump and his administration revealed more ways the government was wasting money in a Monday meeting. The Department of Government Efficiency found that millions of dollars in loans were being given to children. “One case of fraud was with the Small Business Administration, where they...

Copper Is Breaking Out

(Jesse Colombo, Money Metals News Service) Copper broke out to a new all-time high yesterday, signaling the start of a powerful bull market—one that’s likely to unfold as part of a broader, long-term commodities supercycle. Of course, I’ve been bullish on copper for several months. My view was that copper...

Kentucky Governor Vetoes Gold Bill, Legislature Expected to Override

(Sound Money Defense League, Money Metals News Service) Slapping small-time savers in the face for the second time in 12 months, Kentucky Gov. Andy Beshear has again vetoed a bill that would end sales taxes on purchases of precious metals. House Bill 2, introduced by Rep. TJ Roberts, enjoyed overwhelming...

Tim Walz Backtracks after Tesla Comments, Says He Was ‘Being a Smart-Ass’

(Maire Clayton, Headline USA) Minnesota Governor Tim Walz backtracked Saturday after saying he enjoyed watching Tesla stock go down. "I have to be careful about being a smart-ass. I was making a joke," he stated. "These people have no sense of humor. They are the most literal people." https://twitter.com/CollinRugg/status/1903605326999671028     He admitted he...

Trump Vows Punitive 25% Tariff on Venezuelan Oil Buyers

(Headline USA) President Donald Trump announced on Monday plans to impose a 25% tariff on all imports from countries purchasing oil or gas from Venezuela, in addition to new tariffs directly targeting the South American nation itself. In a statement posted on Truth Social, Trump described Venezuela as “very hostile”...

23andMe Files for Bankruptcy, CEO and Cofounder Steps Down

(Dave Mason, The Center Square) 23andMe, the prominent San Francisco genetic testing company that helps customers determine their ancestry, has filed for bankruptcy. Additionally, CEO Anne Wojcicki has resigned, effective immediately, the health care and biotechnology company said in a news release Sunday announcing the Chapter 11 bankruptcy. Wojcicki wrote on...

The Fed Posted Another Big Operating Loss in 2024 and It’s Ultimately Your Problem

(Mike Maharrey, Money Metals News Service) The Federal Reserve lost $77.6 billion in 2024. And by the way, a Fed loss is ultimately your loss. The central bank began bleeding red in late 2022. In 2023, it reported an operating loss of $114 billion. On top of its operating loss, the...

Big Pharma’s Billion-Dollar Ad Deduction: The Hidden Cost to Taxpayers

(José Niño, Headline USA) A recent study reveals a staggering financial burden on U.S. taxpayers, exceeding $1 billion yearly, due to a legal provision enabling pharmaceutical giants to deduct their marketing expenses. This finding, released last Tuesday by The Campaign for Sustainable RX Pricing (CSRxP), sheds light on the significant...

Lawmakers Face Deadline to Raise Debt Ceiling or Default on $36 Trillion Debt

(Thérèse Boudreaux, The Center Square) – Unless Congress suspends or raises the debt ceiling soon, the U.S. government could default on its $36.2 trillion debt by mid-July, according to the newest debt limit analysis. The Bipartisan Policy Center, which published the analysis Monday, projects the “X Date” will occur somewhere...

CA Gained 76% Fewer Jobs in 2024 than Estimated, Grew Just 0.3%

(Kenneth Schrupp, The Center Square) Updated federal data shows California gained 76% fewer jobs in 2024 than initially estimated, gaining only 60,000 jobs, instead of the earlier announced 250,000 jobs. A 2024 state-funded report found that California private sector employment went into a downturn in 2022, with jobs growth only...
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