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Bill Gates Tells Congress His Relationship w/ Jeffrey Epstein Was an ‘Error’

(Headline USA) Bill Gates said Wednesday that he made a “grave error in judgment” by meeting with Jeffrey Epstein but denied any wrongdoing as the Microsoft co-founder faced hours of questioning from lawmakers about his relationship with the disgraced financier. In an opening statement provided to The Associated Press, Gates said...

Social Security Fund to Run Dry in 2032, Automatic Cuts Loom

(Brett Rowland, The Center Square) Social Security's retirement trust fund will be depleted in 2032, triggering an automatic 22% reduction in benefits for about 70 million Americans unless Congress acts, federal trustees warned Tuesday. Social Security paid $1.6 trillion in benefits to 70 million Americans in 2025. The program provides...

Vance refers Minnesota fraud allegations to DOJ for investigation

(Elyse Apel, The Center Square) Vice President JD Vance said the Department of Justice's Fraud Division will investigate allegations that Minnesota officials failed to stop widespread taxpayer-funded fraud. Vance said in a statement that it will be "criminal" investigations. “Minnesota state officials are not above the law, and if they facilitated fraud,...

New Fed Chair Wants to Move the Inflation Goal Posts

(Mike Maharrey, Money Metals News Service) What do you do if you have a standard that’s not being met? Move the goalposts! Of course, you could work harder to meet the goal. But that’s hard. So, why not just change the standard and make it easier to meet? That seems to...

Bullish for Gold: Spiking Inflation Could Send Real Yields Lower No Matter What the Fed Does

(Mike Maharrey, Money Metals News Service) Nominal interest rates are rising, putting significant price pressure on gold and silver. However, with price inflation heating up, it’s possible the real rates could fall, a bullish setup for precious metals. The rapid rise in oil prices juiced CPI to the highest level since...

U.S. House Report: Minnesota Officials Failed to Stop Fraud

(Elyse Apel, The Center Square) A new U.S. House oversight report alleges Minnesota officials were aware of "rampant" fraud risks in taxpayer-funded social programs for years but failed to act, allowing potentially billions of dollars in taxpayer funds to be lost. The 205-page report, released by the U.S. House Committee...

Silver Falls to Key Price Support Level as Bargain Hunters Swoop In

(Money Metals News Service) Retail bargain hunters stepped in significantly over the past few days as gold and silver markets suffered their sharpest setback in several months last week. The selloff was driven less by any deterioration in precious metals fundamentals and more by a rapid repricing of interest-rate expectations...

ETF Gold Flows Flipped Modestly Negative in May

(Mike Maharrey, Money Metals News Service) Gold flows into ETFs reflected the range-bound gold price and were relatively flat in May. As the World Gold Council framed it, flows shifted “from a flood to a trickle.” “Global gold-backed ETF investors remained largely sidelined in May as range-bound gold prices and...

Metals Focus: Gold Bull Market Still Has Legs

(Mike Maharrey, Money Metals News Service) Metals Focus has released its Gold Focus 2026 report. It includes comprehensive historical supply and demand data for 2017-25 and its 2026 forecast. Despite the recent selling pressure in the gold market, that 2026 forecast remains bullish. Looking Back Investment inflows drove gold to the strongest...

Researchers Put a Number on How Much Debt U.S. Can Carry

(Brett Rowland, The Center Square) The United States has about 20 years to change course on its national debt before it reaches the estimated limits of its debt capacity, according to new research from the Penn Wharton Budget Model. Researchers estimate the outer limit of U.S. debt capacity at about...

Ex-CIA Officer Reportedly Created Fake Spy Program to Siphon Hundreds of Gold Bars

(Ken Silva, Headline USA) The ex-CIA official who was arrested last month after being found with some $40 million in gold bars reportedly siphoned that loot from the government by creating a fake spy program. The ex-officer, David Rush, fabricated a “special access program” (SAP), which the Washington Post described...

Va.’s Gun Ban Backfires on Spanberger as Sales Surge

(Ben Sellers, Headline USA) As overreaching Democrats inflict a tyrannical reign of terror on the right-leaning, rural citizens of Virginia, gun owners hope to stave off a proposed ban by Gov. Abigail Spanberger the only way they know how: with more guns. Spanberger, a former CIA operative, announced her extreme...
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