Sunday, June 29, 2025

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How an Accounting Trick Is Hiding Risk in the Banking System

(Mike Maharrey, Money Metals News Service) While accounting rules are intended to foster transparency and facilitate accurate financial reporting, they can also mask the true financial state of an organization. Today, a commonly used accounting trick could be obscuring risks in the U.S. banking system by papering over the significant...

Judge Allows Trump’s Ban on AP to Stand for Now

(Luis Cornelio, Headline USA) An appeals court reversed a lower court’s temporary injunction that had forced President Donald Trump to include the Associated Press in restricted White House spaces, including the Oval Office.  A three-judge panel of the U.S. Court of Appeals for the D.C. Circuit ruled 2-1 on Friday that...

Alan Dershowitz Calls for Trump Administration to Pardon Ghislaine Maxwell

(José Niño, Headline USA) In the latest twist of the Jeffrey Epstein saga, lawyer Alan Dershowitz is urging the Trump administration to consider a pardon or commutation for his accomplice, Ghislaine Maxwell, arguing she has become a scapegoat in the wake of Epstein’s death.  Maxwell is currently serving a 20-year...

The U.S. Dollar and Delusions of Growth

(Clint Siegner, Money Metals News Service) Americans are accustomed to assets being priced in terms of Federal Reserve note dollars. It makes sense, of course. The dollar is the currency of the realm. There is, however, a real problem with using it as a benchmark. Government inflation statistics cannot be trusted....

Will the Trump Tax Cuts Pay for Themselves?

(Mike Maharrey, Money Metals News Service) Supporters of tax cuts argue that they eventually "pay for themselves" and lower deficits through economic growth and increased revenue, even without significant spending cuts. Recent history casts doubt on this claim. Examining the three major tax cuts over the last 50 years, after initially...

Consumer Debt Unexpectedly Surged in April

(Mike Maharrey, Money Metals News Service) Consumer borrowing unexpectedly surged in April as Americans tried to get ahead of potential price increases due to tariffs. This reversed a trend of declining consumer borrowing since the beginning of the year. Total consumer debt swelled by $17.9 billion in April, a 4.3...

Gold’s Current Consolidation: Driven by Tariffs and Global Uncertainty

(Money Metals News Service) On the latest Money Metals podcast, host Mike Maharrey welcomed Michael Pento, founder of Pento Portfolio Strategies, for an in-depth look at the gold market and broader financial trends. Michael Pento believes gold is in a clear consolidation phase after hitting a record $3,500 per ounce in mid-April. “The rally was...

Dems Bolted as Laura Loomer Demanded Answers: ‘They Always Run and Hide’

(Luis Cornelio, Headline USA) Laura Loomer descended on the U.S. Capitol Friday and Democrats ran away for the hills.  On Friday, the firebrand journalist pressed four House Democrats on naming the Muslim Brotherhood a terrorist organization and on desperate efforts to impeach President Donald Trump for a third time.  Unsurprisingly, the Democrats—Reps. Maximine...

Immigration Policy Battle Plays out on Both Coasts

(Alan Wooten, The Center Square) Extraordinary and pivotal decisions are playing out on opposite coasts of America as protesters of immigration policy wreak havoc on Los Angeles and President Donald Trump and his administration in Washington take action California leadership does not want. The situation evolves against a backdrop of...

Report: US To Formalize Military Presence in Syria in Deal With al-Qaeda-Linked Govt

(Dave DeCamp, Antiwar.com) The US is working to formalize its military presence in Syria by signing a deal with the new al-Qaeda-linked government, according to a report from The New Arab. The report was published Friday and said that a high-level US military delegation was expected to meet with Syrian officials...

Iran Says It Obtained Trove of Israeli Nuclear Documents

(Dave DeCamp, Antiwar.com) Iranian Intelligence Minister Esmail Khatib said on Sunday that Tehran had obtained a “treasure trove” of sensitive Israeli documents related to Israel’s secret nuclear weapons program and its relations with the US and Europe. “The transfer of this treasure trove was time-consuming and required security measures. Naturally, the...

30-Year Cover-Up: Newly Unearthed Records Confirm FBI Lied about OKC Bomb Footage

(Ken Silva, Headline USA) There was a lot of news last week about the FBI suppressing evidence: Sen. Chuck Grassley alleged Thursday that the bureau has a “Prohibited Access” label to hide damning documents, while Director Kash Patel was widely criticized a day later for his dubious claims that...
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