Monday, June 22, 2026

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Fort Knox Gold Scandal?

(Money Metals News Service) Mike Maharrey’s latest Money Metals Midweek Memo zeroed in on two big themes with major implications for sound money investors. First, much of the gold supposedly backing America’s financial credibility may be lower-quality metal that does not meet modern international standards. Second, the silver market could be heading into even...

Federal Prosecutors Turned Away from Federal Reserve Building, as Trump Threatens to Fire Powell

(Headline USA) Federal prosecutors made an unannounced visit this week to a construction site at Federal Reserve headquarters that is the focus of an investigation into a $2.5 billion renovation project, according to two people familiar with the visit. Two prosecutors and an investigator from U.S. Attorney Jeanine Pirro’s office...

7-Eleven Expects to Close Hundreds of its Stores in North America This Year

(Headline USA) Convenience chain 7-Eleven expects to close hundreds of its locations this year. According to earnings filings published last week, 7-Eleven's North American operator plans to close 645 stores in the 2026 fiscal year — outpacing the 205 locations it forecasts it will open during that same time. Seven &...

U.S. Considers Gas Tax Holiday

(Brett Rowland, The Center Square) Americans could soon pay more at the pump as the U.S.-Iran conflict disrupts oil markets, while lawmakers debate suspending the federal gas tax, a move Canada has just taken. Similar plans have been discussed in the U.S., but have yet to advance. In early March,...

Survey: Most U.S. Voters Hold Government Fraud Responsible for High Cost of Living

(Tate Miller, The Center Square) Concurrent with the Trump administration’s War on Fraud, a survey shows that most American voters believe government fraud is responsible for the nation’s high cost of living, with one expert saying that fraud is the “invisible tax.” Utah Treasurer Marlo Oaks told The Center Square...

Report: Taxpayers to Spend $477 Billion on Tax Season

(Andrew Rice, The Center Square)  Taxpayers are expected to spend 6.93 billion hours and more than $477 billion to be in compliance with the 2026 tax filing season, according to a new report released Monday. Tax Day is Wednesday. The National Taxpayers Union Foundation released a report with estimates on...

Mainstream Economists vs. Gold: Who Is Winning the Fight?

(Mike Maharrey, Money Metals News Service) Mainstream economists have been at war with gold for years. And gold is winning. Aaron Brown formerly served as head of market research for AQR Capital Management and now works as a columnist for Bloomberg. In a recent op-ed, he chronicled gold’s ongoing war with economists. John Maynard...

U.S. Government Spending Addiction Drives Yet Another Big Monthly Deficit

(Mike Maharrey, Money Metals News Service) This is your monthly reminder that the U.S. government still has a massive spending problem. The federal government’s Debt Black Hole got a little bigger in March, as Uncle Sam ran yet another big budget deficit. According to the Monthly Treasury Statement, the Trump administration spent $164.1...

Record Armada of Tankers Bound for U.S. Gulf to Load Oil

(Alton Wallace, The Center Square)  An unusually large number of crude oil tankers on the open seas has the American Gulf coast as a destination as the ships are redirected to load cargoes bound for markets around the world already experiencing shortages. Second-term Republican President Donald Trump said Saturday on...

Millions in Medical Bills Lead to Demand for Price Transparency Policies

(Emily Rodriguez, The Center Square)  A new report shows hospitals in Virginia filed 1.15 million lawsuits against patients over unpaid medical bills between 2010 and 2024, collecting $1.4 billion. PatientRightsAdvocate.org collaborated with George Washington University Law School and Stanford University’s Clinical Excellence Research Center to research Virginia court records, revealing...

Judge Dismisses Trump’s $10B Lawsuit Against WSJ, Murdoch Over Reporting on Ties to Epstein

(Headline USA) A federal judge dismissed President Donald Trump’s $10 billion defamation lawsuit against the Wall Street Journal and Rupert Murdoch on Monday over a story on his ties to Jeffrey Epstein. U.S. District Judge Darrin P. Gayles in Florida wrote in the order that Trump had failed to make...

Oil Prices Climb Back Above $100 and Stocks Slip as Hopes Recede a Bit About the US-Iran War

(Headline USA) Oil prices are back above $100 per barrel, and stock markets are falling worldwide Monday after 21 hours of ceasefire talks between the United States and Iran failed to end their war. But the moves are more modest than many of the extreme swings that have rocked financial...
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