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(Mike Maharrey, Money Metals News Service) Federal Reserve Chairman Jerome Powell and his fellow central bankers are swinging at inflation like a blindfolded kid trying to break a piñata. Do you remember the March FOMC meeting? The Fed released its projections for rate cuts in the coming months. The consensus...

(Luis Cornelio, Headline USA) President Joe Biden’s wave of a magic wand has made billions of dollars in college debt disappear for students who attended a now-defunct university.  On Wednesday, Biden announced the “cancellation” of $6.1 billion in student loans for 317,000 students who had enrolled at the Art Institutes.  “This institution...

(Dmytro “Henry” Aleksandrov, Headline USA) Gov. Gavin Newsom's, D-Calif., office announced on Apr. 26, 2024, that the state would give away about 39,000 acres to American Indian tribes through a grant program. Newsom added that the effort is part of a first-in-the-nation plan to “address historical wrongs committed against California Native...

(Money Metals News Service) In the latest episode of the Money Metals Midweek Memo, host Mike Maharrey delves into the complexities of the current economic landscape including that of China as a member of BRICS, Federal Reserve policies, and stagflation.  China’s Growing Influence on the Global Economy  Mike Maharrey highlights concerns...

(Matthew Doarnberger, Headline USA) Fast-food restaurants across California have decreased their hiring of workers as part of the fallout from the state's $20-an-hour minimum-wage law that took effect April 1. After Gov. Gavin Newsom signed the legislation into law last September, which applied to nearly all fast-food chains (with a...

(Mike Maharrey, Money Metals News Service) The Thai government wants to mitigate risk in its pension fund so it's turning to gold and oil.  Songpol Chevapanyaroj serves as the secretary general of Thailand's Government Pension Fund (GPF). He told the Bangkok Post that fund management has become more difficult due...

(Mike Maharrey, Money Metals News Service) Why is CNN suddenly highlighting an Austrian free-market economist? You can thank a Brazilian UFC fighter. After a recent victory, a bruised and bloodied Renato Moicano gave a shoutout to Ludwig von Mises and the U.S. Constitution. “I love America. I love the Constitution. I...

(Mike Maharrey, Money Metals News Service) If the hotter-than-expected March CPI data wasn't enough to convince you, there is more evidence that the "cooling inflation" we saw late last year was transitory. The media tends to focus on the Consumer Price Index but the Federal Reserve's favorite inflation measure is...

(Mike Maharrey, Money Metals News Service) Could the movement of gold from West to East set the stage for a gold-backed currency? Some analysts think that might be the case. And if that is the direction the world is heading, it would be disastrous for the U.S. dollar.  The impact remains unclear, but...

(Luis Cornelio, Headline USA) Former House Speaker Nancy Pelosi, D-Calif., appeared for a softball interview on MSNBC on Monday but quickly became enraged when the anchor called her out on a politically inconvenient fact.  Pelosi participated in a live interview on Katy Tur Reports, where she attempted, albeit unsuccessfully, to make the...

(Headline USA) For decades, tourists to Hawaii have brought home gift boxes of the islands’ famous chocolate-covered macadamia nuts for friends and family, but these days many of the kernels in the package might not be Hawaii-grown. This little-known fact is surfacing at the state Legislature as lawmakers wrestle over...

(Headline USA) On a three-lane test track along the Monongahela River, an 18-wheel tractor-trailer rounded a curve. No one was on board. A quarter-mile ahead, the truck's sensors spotted a trash can blocking one lane and a tire in another. In less than a second, it signaled, moved into the...