Sunday, May 3, 2026

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2024 Started as 2023 Ended With Central Banks Buying More Gold

(Mike Maharrey, Money Metals News Service) Central banks took up where they left off in 2023, adding more gold to their stockpiles to kick off the new year. Globally, central banks increased their gold reserves by a net 39 tons in January, according to the latest data compiled by the...

BRICS to Develop Blockchain-Based Payment System to Bypass the Dollar

(Mike Maharrey, Money Metals News Service) In an interview on the Russian news agency TASS, Kremlin aide Yury Ushakov announced that the BRICS nations plan to develop a new payment system based on the blockchain. This sets the stage for further de-dollarization and could further undermine the status of the...

OpenAI: Musk Agreed ChatGPT-Maker Should Become For-Profit

(Headline USA) Elon Musk supported making OpenAI a for-profit company, the ChatGPT maker said, attacking a lawsuit from the wealthy investor who has accused the artificial intelligence business of betraying its founding goal to benefit humanity as it pursued profits instead. In its first response since the Tesla CEO sued last...

As Trump Rises, Embattled Powell May Use Rate Cuts to Boost Biden

(Headline USA) With former President Donald Trump having already announced last month that he would not keep Jerome Powell as Federal Reserve chairman, Tuesday's GOP primary blowout may have given Powell all the evidence he needed that it wasn't the right time to cut interest rates and jumpstart the...

Fed Admits It Was Wrong – Kind Of

(Thomas L. Hogan, Money Metals News Service) During the pandemic recovery, inflation reached the highest rates in 40 years, largely driven by the Federal Reserve’s excessive monetary policy. The Fed got “behind the curve” by not raising its interest rate target fast enough, even once it became apparent its...

Edu. Dept. Hits Liberty w/ Obamaesque $14M Fine over Crime Stats

(Sarah Roderick--Fitch, The Center Square) In the latest instance of what appeared to be targeted anti-Christian harrassment from the Biden administration, Virginia’s Liberty University has been fined $14 million for allegedly failing to report campus crime statistics. “The university did not meet its agreed-upon regulatory responsibilities in numerous and serious...

House Seeks Records from GoFundMe about Surveillance of ‘MAGA’

(Ken Silva, Headline USA) House Judiciary Chairman Jim Jordan, R-Ohio, sent a letter Tuesday to GoFundMe CEO Tim Cadogan, seeking information on whether his company participated in the surveillance of Jan. 6, 2021, Capitol Hill protestors. Jordan’s letter comes amidst a House Judiciary investigation into corporations and government agencies from...

Wall Street Firms, Woke Corporations Abandon DEI amid Lawsuit Panic

(Molly Bruns, Headline USA) Facing mounting concerns over the threat of lawsuits, several major financial firms on Wall Street, as well as other top companies, have started rolling back their diversity, equity and inclusion practices---welcoming white, male employees and others who had previously been excluded, according to Bloomberg. Reports indicated that...

Biden Threat to Seize Russian Assets Sends Gold to All-Time Highs

(Mike Maharrey, Money Metals News Service) The United States enjoys the privilege of issuing the world's reserve currency. But it increasingly uses that privilege as a hammer to shape foreign policy. Could Americans end up feeling the blows from that hammer? Economist Jim Rickards, the author of Currency Wars, said he...

Fed Pressured to Cut Rates as Key Indicator Signals ‘Recession Ahead’

(Stefan Gleason, Money Metals News Service) The mainstream financial media is reporting that inflation is coming down. It’s not coming down to the Federal Reserve’s supposed 2% target – let alone low enough to cease being a persistent problem for millions of families. Nor is it even clear that the...

Gold Futures Close at Record High

(Mike Maharrey, Money Metals News Service) Gold future prices closed at a record high level on Friday with renewed hope that the Federal Reserve will begin easing off interest rates sooner rather than later. Gold for April delivery rose by $41 on Friday, a 2 percent gain, settling at $2095.70....

Silver Demand at Near-Record Levels and Other Silver News

(Mike Maharrey, Money Metals News Service) Silver demand is expected to hit 1.2 billion ounces this year. That would rank as the second-highest annual silver demand on record. Record industrial demand for silver is expected to drive overall silver offtake this year, according to an article in the latest edition...
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