Monday, June 22, 2026

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U.S. House Tanks Balanced Budget Amendment as National Debt Tops $39T

(Thérèse Boudreaux, The Center Square) The U.S. House tanked a balanced budget resolution to curb the federal government’s practice of racking up trillion-dollar deficits every year. The failed Wednesday vote comes as federal spending pushed the national debt over $39 trillion, roughly $3 trillion higher than it was 12 months...

Surging U.S. Diesel Prices Stoke Concerns Over Inflation

U.S. diesel prices have risen almost 38% in the 20 days since the United States and Israel launched strikes on Iran…

National Debt Quietly Eclipses $39 Trillion

(Mike Maharrey, Money Metals News Service) On March 17, the U.S. national debt slipped above $39 trillion. If you're thinking, 'Wow, it seems like we just crossed the $38 trillion threshold,' you are correct. It was a mere 150 days ago on October 21. As of March 17, the national debt...

Gold, the Federal Reserve, and a Catch-22

(Mike Maharrey, Money Metals News Service) If you know inflation is going to increase, would you sell your inflation hedge? Me neither. That would be dumb, right? However, that’s what a lot of people did yesterday (Wednesday, March 18), and they're still doing it this morning. This hints at the Catch-22...

Gold, War, and the Collapse of Safe Havens

(Money Metals News Service) The latest episode of the Money Metals Midweek Memo, hosted by Mike Maharrey, explores a growing shift in global markets. Traditional safe havens are no longer behaving as expected. In their place, gold is emerging as the primary refuge during economic and geopolitical instability. The discussion...

US Eases Venezuela Oil Sanctions as Trump Seeks to Boost World Oil Supply During Iran War

(Headline USA)  U.S. companies will be allowed to do business with Venezuela's state-owned oil and gas company after the Treasury Department eased sanctions, with some limitations, on Wednesday as the Trump administration looks for ways to boost world oil supplies during the Iran war. The Treasury issued a broad authorization...

U.S. Gov’t Knew China Accessed American Voter Data in 2020, But Kept It Secret

(José Niño, Headline USA) The United States expressed its anger when Great Britain revealed two years ago that China hacked its voter registration databases. But American intelligence concealed its own secret at the time, having known since 2020 that Beijing also obtained access to American voter registration data, according...

More Than 200 US Troops Have Been Injured in Iran War

(Dave DeCamp, Antiwar.com) More than 200 US troops have been wounded in the Middle East since the US and Israel launched the war with Iran on February 28, a US Central Command spokesman said on Monday, as the conflict continues to rage across the region. CENTCOM spokesman Capt. Tim Hawkins...

What’s Up With Leprechauns, Gold, and the End of the Rainbow?

(Mike Maharrey, Money Metals News Service) If you want some gold, today might be a good day to hunt for a leprechaun, it being St. Patrick’s Day and all. I’ve heard these little creatures have an affinity for gold, and if you catch one, it might reveal its whereabouts...

UBS Forecasts 20% Gain for Gold in 2026 Despite Recent Sideways Trading

(Mike Maharrey, Money Metals News Service) Despite gold’s sideways performance in recent weeks, UBS still expects gold to gain 20 percent from its current price this year. Since the big selloff in January, gold has generally traded in a range between $5,000 and $5,200 an ounce. It got a little bump...

Bank of America Settles Lawsuit Over Ties to Jeffrey Epstein’s Sex Crimes

(José Niño, Headline USA) Bank of America has reached a settlement with an anonymous woman who accused the financial giant of enabling Jeffrey Epstein's sex trafficking operation and profiting from his criminal enterprise. Lawyers for both parties informed a judge they had agreed to a "settlement in principle" according to...

U.S. Government Debt Black Hole Got Bigger in February

(Mike Maharrey, Money Metals News Service) I could almost put this story on a monthly repeat. The federal government ran another big budget deficit in February, as the national debt nudges close to $39 trillion. According to the Monthly Treasury Statement, the Trump administration spent $307.5 billion more than it took...
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