(Mike Maharrey, Money Metals News Service) Gold now ranks as the world’s top reserve asset. According to World Gold Council data, global gold reserves are approaching $4 trillion. Treasury holdings total approximately $3.9 trillion.
The last time central bank gold reserves topped Treasury holdings was in 1996.
The increase in gold...
(Dave DeCamp, Antiwar.com) President Donald Trump said in a post on Truth Social on Wednesday that he wants a $1.5 trillion military budget for 2027, a 50% increase from his $1 trillion budget for 2026.
“After long and difficult negotiations with Senators, Congressmen, Secretaries, and other Political Representatives, I have determined...
(José Niño, Headline USA) An unidentified gambler has pocketed approximately $410,000 in profits after correctly wagering that Venezuelan President Nicolas Maduro would lose power, according to Reuters.
The speculator's Polymarket account accumulated positions in contracts linked to Maduro's removal under terms suggesting unlikely odds ahead of the weekend military operation....
(Money Metals News Service) In a recent episode of the Money Metals’ Midweek Memo podcast, host Mike Maharrey argues we are watching a familiar setup return. The financial system, he says, increasingly resembles 2019, when cracks began showing after the Fed attempted to tighten policy.
A New Year, Same Setup
He...
(Sarah Roderick-Fitch, The Center Square) After the weekend strikes in Venezuela and the capture of Venezuelan President Nicolas Maduro, the U.S. continues to seize sanctioned vessels operating in the Caribbean and North Atlantic.
Two sanctioned ships were seized Wednesday morning in support of the U.S. operation to secure the Western...
(Morgan Sweeney,The Center Square) Democratic Minnesota Gov. Tim Walz and the state attorney general were either “complicit” in the now-estimated $9 billion of social services fraud that has taken place in the state in recent years or “asleep at the wheel,” according to Republican Rep. James Comer, R-Ky.
“How could...
(Will Porter, Antiwar.com) Denmark’s premier has warned that US military action against Greenland would unravel the NATO alliance and the entire international order, after President Donald Trump reiterated hopes to take over the country.
Speaking to Danish broadcasters on Monday, Prime Minister Mette Frederiksen condemned “unacceptable pressure” by the Trump...
(Dave DeCamp, Antiwar.com) US forces on Wednesday boarded and took by force a Russian-flagged oil tanker in the North Atlantic Ocean that it initially tried to seize off the coast of Venezuela weeks ago, an action that drew condemnation from Moscow.
The tanker was named the Bella 1 when the...
(Jesse Colombo, Money Metals News Service) Amid silver’s recent surge following a long period of stagnation, a wave of articles and commentaries has emerged calling its rise an unsustainable bubble that's about to burst and burn investors.
It’s worth noting that nearly all of those now calling silver a bubble...
(Morgan Sweeney, The Center Square) The U.S. House Committee on Oversight and Government Reform is set to hold its first of two scheduled hearings Wednesday on the “fraud and misuse of federal funds in Minnesota.”
Three Republican Minnesota state lawmakers who “sounded the alarm” in the past on some of...
(Mike Maharrey, Money Metals News Service) In yet another sign of growing global de-dollarization, Chinese mining companies in Zambia are now paying royalties and taxes in yuan.
As Bloomberg put it, this is the “latest sign of the growing acceptance of the currency on the continent.”
Zambia ranks as Africa’s second-largest copper producer.
According...
(Dave DeCamp, Antiwar.com) Sen. Lindsey Graham (R-SC) posted a photo on X on Monday of himself and President Donald Trump posing with a hat that reads “Make Iran Great Again” amid threats of another US and Israeli war against Iran.
“Another great day with , who has brought America back,...