Friday, July 3, 2026

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Trump Tells Crowd of Supporters He Won’t Tax Tips

(Matthew Doarnberger, Headline USA) Speaking to a crowd of supporters in Las Vegas on Sunday, former president Donald Trump declared that, if re-elected, he would end taxation on tips for those in the service industry, according to The Hill. “For those hotel workers and people that get tips, you’re going...

Credit Card Spending Sagged Again in April Suggesting American Consumers Are Tapped Out

(Mike Maharrey, Money Metals News Service) American consumers kept their credit cards in their pockets for the second straight month in April, a bad sign for an economy that has run on plastic for the last year. After cratering in March, revolving credit contracted in April.  Meanwhile, non-revolving credit continued to...

What Do We Make of the Recent Knee-Jerk Gold Selloff?

(Mike Maharrey, Money Metals News Service) Gold crashed through several support levels on Friday. The yellow metal plunged from $2,376 Thursday to under $2,300 by Friday afternoon. The mainstream financial media bandied about two primary reasons for the big kneejerk selloff, and neither seem like particularly good reasons to sell...

$500 Trump Bills Proposed by Rep. Paul Gosar

(Dmytro “Henry” Aleksandrov, Headline USA) Rep. Paul Gosar, R-Ariz., introduced a measure in his press release that would order the printing of $500 bills with a portrait of Donald Trump on them. The politician called the measure the "Treasury Reserve Unveiling Memorable Portrait (TRUMP) Act." "The Secretary of the Treasury shall...

Full-Time Jobs Vanish Under Biden; Americans Desperate for Anything

(Dmytro “Henry” Aleksandrov, Headline USA) The Bureau of Labor Statistics data released on June 7, 2024, showed that many Americans took up part-time jobs last month because full-time jobs disappeared because of destructive Joe Biden's economy. The BLS revealed that around 133.3 million people in the United States had full-time jobs...

REPORT: U.S. Has Wasted at Least $11M on Taliban Since Withdrawal

(Casey Harper, The Center Square) After two decades at war with the Taliban, the U.S. government is now sending millions of taxpayer dollars to the terrorist group. The Taliban resumed power in Afghanistan immediately after the chaotic and deadly withdrawal of U.S. troops earlier in the Biden administration. A new federal...

Gold & Silver Get Slammed on Positive Economic Reports

(Mike Gleason, Money Metals News Service) Gold has been the headline performer in the first half of the year – breaking records and commanding attention. But in the second half of 2024, silver may be set to steal the show. Silver has been quietly outperforming gold since February. Silver prices...

Nobel-Winner Paul Krugman Ridiculed for Latest Economic Delusion

(Jacob Bruns, Headline USA) New York Times columnist Paul Krugman, a Nobel Prize-winning economist and notorious left-wing propagandist (whose work often casts serious aspersions on the once-prestigious award), penned a recent piece claiming that President Joe Biden's economy has been so vibrant that he should consider downplaying his success as an electoral...

Is There a Financial Crisis Bubbling Under the Surface?

(Mike Maharrey, Money Metals News Service) When the Federal Reserve started raising rates, it precipitated a financial crisis. The central bank managed to paper over the problem with a bailout program, but the crisis continues to bubble and percolate under the surface. According to the latest data from the FDIC,...

Hochul Backs Off ‘Congestion Pricing’ Plan to Charge NYC Commuters

(Christian Wade, The Center Square) In a stunning reversal, New York Gov. Kathy Hochul is putting the brakes on New York City's controversial congestion pricing plan, citing the cost to motorists from the new tolls. On Wednesday, Hochul announced that "after careful consideration," she has directed the Metropolitan Transportation Authority...

Silver Shines in the Precious Metals Market

(Money Metals News Service) Welcome to the Money Metals Midweek Memo, hosted by Mike Maharrey, where we discuss news and commentary related to sound money, precious metals markets, and the economy. Today's focus is on silver, often overshadowed by gold but currently experiencing significant gains and attracting investor interest. Silver's Recent Performance  Silver recently...

Central Banks Are Destroying Our Economies

(André Marques, Money Metals News Service) Central banks’ monetary policies are the most perverse government intervention. Their consequences are dire, last for a very long time, and people don’t perceive them as problems or don’t comprehend the damage they are doing. Monetary policy (monetary expansion and artificially low interest...
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