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(Mike Maharrey, Money Metals News Service) It's starting to get difficult for the most optimistic cheerleader to pretend this economy is "robust." We got more evidence today that the American consumer is tapped out. And that's really bad news for an economy that depends on consumers buying stuff to keep rolling...

(Molly Bruns, Headline USA) Heather Mullins, an independent journalist and Donald Trump supporter, accused an American Airlines stewardess of discriminating against her for wearing a "Make America Great Again" hat, according to the Daily Mail. Mullins said the flight attendant skipped her drink order and responded unprofessionally when asked about it,...

(Mike Maharrey, Money Metals News Service) The Biden administration ran the biggest monthly budget deficit of the year in May as it continues to spend money hand over fist. Federal spending overshot receipts by $347.13 billion last month, despite a 5 percent increase in revenues, according to the Monthly Treasury...

(Stefan Gleason, Money Metals News Service) As the Fed keeps hopes alive for at least one rate cut this year, metals investors are weighing the inflation outlook.  Gold and silver markets have recently been giving back some of their impressive gains this year. So far, it looks like a normal...

(Mike Maharrey, Money Metals News Service) The petrodollar quietly died this week. While it didn't get big headlines, the demise of the petrodollar could mean big trouble for a U.S. government that depends on dollar dominance to support its borrowing and spending. "Petrodollar" refers to the dollar's role in crude...

(Mike Maharrey, Money Metals News Service) Singapore is set to usurp London and New York as the world’s gold hub as the yellow metal shifts from West to East. According to the World Gold Council head of Asia-Pacific and global head of central banks Shaokai Fan, the “center of gravity”...

(Mike Maharrey, Money Metals News Service) It's almost as if the central bankers at the Federal Reserve are throwing darts at the wall to determine the trajectory of monetary policy. And I'm not convinced there is even a dartboard on the wall. And yet, people keep selling gold and silver based...

(Headline USA) President Joe Biden will nominate Christy Goldsmith Romero to replace Martin Gruenberg as head of the Federal Deposit Insurance Corporation. The announcement from the White House on Thursday came after Gruenberg’s tenure became marred by allegations of workplace abuse that led to him to resign. A longtime financial regulator,...

(Headline USA) Tesla shareholders voted Thursday to restore CEO Elon Musk's record $44.9 billion pay package that was thrown out by a Delaware judge earlier this year, sending a strong vote of confidence in his leadership of the world's largest electric vehicle maker. The ruling (along with a subsequent X...

(Mike Maharrey, Money Metals News Service) Strike up the band and wave the victory banners! Inflation is dead! Or is it? The May Consumer Price Index (CPI) report was cause for optimism. But price inflation is like that stubborn weed in the driveway. Just when you think you’ve killed it...

(Molly Bruns, Headline USA) Outdoor retail outlet Tractor Supply allegedly went woke this "Pride" month, providing their employees with documents encouraging child sex changes, linking to the Trevor Project and forcing trainings focused on LGBT issues. https://twitter.com/robbystarbuck/status/1800232784549560482/ The company promoted a training campaign called "You Belong Out Here LGBTQ+," according to investigative...

(Chris Powell, Money Metals News Service) Headlines like this have been pummeling the monetary metals sector in recent days: "Gold Is Getting So Expensive That Even China's Central Bank Stopped Buying." According to this particular report: China's central bank gold-buying streak has been a major driver of prices that hit record...