(Mike Maharrey, Money Metals News Service) Due to a combination of central bank gold buying and the surging price of gold, gold has overtaken the euro as the world’s number two reserve asset.
But it’s not so much that gold is replacing the euro. It is supplanting the dollar.
Based on data released by the...
(Mike Maharrey, Money Metals News Service) Did you know the Seminole Indians refused to conduct trade using paper money?
True story. When doing business with white traders, the Seminoles insisted on barter or silver coinage.
Why?
Because they understood the unreliability of fiat currency and the government that "backs" it.
I learned this...
(Headline USA) Protesters outside a New Jersey federal immigration detention center locked arms and pushed against barricades as vehicles passed through gates, inmates inside relayed word that meals had been delayed, and Newark's mayor cited reports of a possible uprising and escape as disorder broke out at the facility.
Much is...
(Dave DeCamp, Antiwar.com) A senior Israeli official told the Jerusalem Post that Tel Aviv and Washington worked together to convince Tehran that diplomacy was still possible after Israel was ready to attack Iran. Just hours before Israel’s massive assault began, President Donald Trump maintained he was still committed to talks.
The...
(Luis Cornelio, Headline USA) Failed vice presidential candidate Tim Walz, the self-described “knucklehead” Minnesota governor, became speechless when Rep. Nancy Mace, R-S.C., asked him to define a woman.
“What is a woman?” Mace asked on Thursday at a House Oversight Committee hearing on sanctuary jurisdictions.
Walz, seemingly taken aback by the...
(Luis Cornelio, Headline USA) A Florida sheriff on Thursday warned potential anti-ICE rioters that any attack on local law enforcement would be met with deadly force: “We will kill you, graveyard dead.”
Brevard County Sheriff Wayne Ivey issued the blunt warning at a press conference on possible protests against President Donald...
(Thérèse Boudreaux, The Center Square) The Republican-sponsored HALT Fentanyl Act, a bill cracking down on fentanyl and related substances, passed the House in a bipartisan 321-104 vote Thursday.
The bill, reintroduced in February by Sen. Bill Cassidy, R-La., permanently classifies fentanyl and fentanyl-related substances as Schedule I drugs under the...
(Jason Ditz, Antiwar.com) Unusually far-right even in the generally far-right Israeli cabinet, Heritage Minister Amichai Eliyahu has sparked some new controversy today in a speech to an ultra-nationalist youth conference, where he called for Israel to have full control over both Syria and Lebanon, on top of annexing Gaza...
(Andrew Rice, The Center Square) Democratic governors and Congress members shifted blame for immigration enforcement to the federal government and called ICE immigration enforcement a "gestapo operation" in opening statements at a congressional hearing Thursday.
The House Committee on Oversight and Government Reform hosted Democrat Govs. Tim Walz of Minnesota,...
(Mike Maharrey, Money Metals News Service) Argentines are married to the dollar, but they're having a love affair with gold.
As a Bloomberg article framed it, Argentines were once "almost irrationally devoted to the dollar." In fact, the country ranks among the top holders of U.S. dollars.
According to Bloomberg, the devotion to the dollar...
(Ken Silva, Headline USA) FBI Director Kashyap Patel has been flying his bureau’s jet around the country in recent months, including to visit sporting events, the Joe Rogan show, and even his girlfriend in Tennessee—all on the taxpayers’ dime.
However, Patel says he hasn’t visited any nightclubs, and he’s willing...
(Mike Maharrey, Money Metals News Service) The May CPI report is ratcheting up pressure on Jerome Powell and the Federal Reserve to cut interest rates.
In other words, the perception that the inflation problem is solved is raising the specter of more inflation.
In a social media post on Wednesday, Vice...