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India Gold Market Showing Signs of Recovery

(Mike Maharrey, Money Metals News Service) After facing significant headwinds over the last couple of months, a recovery seems to be brewing in the Indian gold market. India ranks as the second-largest gold market behind China. After domestic gold corrected sharply in June, the price stabilized in July and began recovering in...

Trump Says He’s Launching the ‘Most Crushing Economic Operation Ever’ Against Iran

(Dave DeCamp, Antiwar.com) President Donald Trump on Wednesday night said that he was launching what he described as the “most crushing economic operation ever’ against Iran and threatened the economies of any countries that do business with the Islamic Republic. “No one has given the Islamic Republic of Iran a...

U.S. Treasury Intervenes in Bond Market to Drive Yields Lower

(Mike Maharrey, Money Metals News Service) In a transparent effort to manipulate the bond market, the U.S. Treasury announced it would double the size of its “liquidity support” buybacks. According to the announcement, the Treasury Department will increase buybacks of Treasury securities in the 10-20 and 20-30-year maturity sectors from...

The $40 Trillion National Debt in Perspective

(Mike Maharrey, Money Metals News Service) 154 days. That’s how long it took the Trump administration to add another $1 trillion to the national debt. As of August 18, the national debt stood at $40,047,425,768,420.22. Let’s try to put the debt into some perspective. Over the last 22 weeks, the federal government has...

Texas Judge Voids Biden Ghost Gun Rule

(José Niño, Headline USA) A Texas federal judge has struck down the Biden administration's signature restriction on untraceable firearms, finding the regulation violates two separate constitutional guarantees roughly 17 months after the Supreme Court let it stand on narrower grounds. Chief U.S. District Judge Reed O'Connor of Fort Worth ruled...

GOP Group Launches $22 Million Midterm Ad Blitz

(José Niño, Headline USA) The American Action Network, a leading outside group tied to House Republican leadership, plans to roll out a $22 million advertising push on Thursday spanning 41 congressional districts, according to an Axios report. The move signals how GOP strategists intend to lean on tax policy...

$40 Trillion Debt Black Hole: Is a Financial Crisis Coming?

(Money Metals News Service) The United States is closing in on a milestone that would have been almost unimaginable not long ago: $40 trillion in national debt. That staggering figure framed the latest episode of the Money Metals Midweek Memo, as host Mike Maharrey examined what he calls the economy’s “debt...

Report: U.S. Debt Crisis will Directly Harm Families, Students, Retirees

(Thérèse Boudreaux, The Center Square) As the national debt quickly approaches $40 trillion, economists warn that skyrocketing deficits will distinctly impact Americans of all generations, including students, families and retirees. Global think tank The Conference Board analyzed how different levels of budget deficits will adversely impact student loan costs, mortgage...

Private Equity Money Swings Sharply Toward the GOP

(José Niño, Headline USA) Private equity has swung firmly behind Republican candidates this election cycle, breaking from its usual pattern of splitting donations evenly between the two parties, according to a Wall Street Journal report.  Employees at buyout and investment firms sent roughly $60.2 million to congressional candidates and party...

US Military Awards Raytheon w/ $22.9 Billion Contract To Ramp Up Missile Production

(Dave DeCamp, Antiwar.com) Raytheon has landed a massive $22.9 billion contract with the US military to dramatically ramp up the production of Tomahawk missiles, as US arms makers continue to cash in on the US-Israeli war against Iran. The US fired over 1,000 Tomahawk missiles into Iran during the conflict,...

Teacher Unions Dedicate Money to Political Activism, Lobbying

(Esther Wickham, The Center Square) National teacher unions contribute at least 10% of their annual budget to lobbying and political activism, which includes calling for the impeachment of Republican President Donald Trump in the 2026 American Federation of Teachers handbook. Efforts also include supporting Democratic causes such as messaging...

Four Reasons Central Banks Are Piling Up Gold

(Mike Maharrey, Money Metals News Service) Central bank gold buying was one of the pillars supporting the gold bull market last year, and it has continued to bolster the market even as it faced significant headwinds due to expectations of a higher interest rate environment. But why are central banks...
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