Thursday, August 21, 2025

FINANCE

Report Warns U.S. National Debt Predicted to Pass $53 Trillion by 2035

(Thérèse Boudreaux, The Center Square) By fiscal year 2035, the national debt is set to surpass $53 trillion, or 120% of the nation’s Gross Domestic Product, according to a new estimate by the Committee for a Responsible Federal Budget. The updated number – which CRFB reached by assuming that all...

L for Letitia: Appeals Court Overturns $550M Fine Imposed on Trump

(Headline USA) A New York appeals court on Thursday threw out the massive financial penalty a state judge imposed on President Donald Trump, while narrowly upholding a finding that he overinflated his property values to obtain loans—even though Trump repaid those loans and even though the banks never complained. The ruling...

UBS Raises Its Gold Price Forecast Projecting New Record Highs

(Mike Maharrey, Money Metals News Service) Earlier this month, Citi raised its gold forecast. Another big bank, UBS, has now followed suit. The Swiss investment bank nudged its Q1 2026 forecast gold price by $100 to $3,600 an ounce. This would mean new record highs over the next six months or...

July Corporate Bankruptcies Hit Highest Level Since 2010

(Mike Maharrey, Money Metals News Service) Corporate bankruptcies hit a 14-year high in 2024, and the pace continued through the first seven months of 2025. This should throw cold water on those who imagine the U.S. economy is booming, and it underscores the Catch-22 facing the Federal Reserve as it wrestles with...

Tulsi Gabbard to Cut $700M from ODNI after Exposing Obama-Era Corruption

(Luis Cornelio, Headline USA) After releasing bombshell evidence of misconduct in the intelligence community, Director of National Intelligence Tulsi Gabbard announced a sweeping plan to strip down and rebuild the agency. Gabbard said Wednesday the Trump administration is launching “ODNI 2.0” to slash staff by 40 percent and save tax payers...

Report: Eric Adams Once Handed a Reporter a Potato Chip Bag w/ Cash Inside

(Headline USA) A longtime adviser to New York City Mayor Eric Adams who resigned from his administration while under FBI scrutiny gave a reporter a potato chip bag filled with cash Wednesday following a campaign event, a gift her lawyer later insisted wasn’t an attempted bribe. The local news site The...

Inflation, Currency Debasement, and the Illusion of Stability

(Money Metals News Service) In this week’s episode of the Money Metals Midweek Memo, host Mike Maharrey explored the parallels between Iran’s recent currency redenomination and the United States’ long history of monetary debasement. The discussion connected historic and current events to show how inflation is not only persistent but...

Dem. Leader w/ Record of Stock-Market Success Bets Big on Israeli 3-D Printing

(Ben Sellers, Headline USA) A recent analyst downgrade that sent stock Stratasys tumbling did not deter Rep. Debbie Wasserman Schultz, D-Fla., from buying the dip on the Israeli 3-D printing manufacturer. Given the Florida lawmaker’s role as ranking member of the military construction subcommittee of the House Appropriations Committee, that...

Central Banks Do Not Prevent Financial Crises or Control Inflation

(Daniel Lacalle, Money Metals News Service) Central banks have become the dominating force in financial markets. Easing and tightening decisions move all assets from bonds to private equity. Their role is supposed to be to control inflation, provide price stability, and ensure normal market functions. However, there is little evidence of...

Tech Giants Face Scrutiny Over Suspicious H-1B Job Advertisement Practices

(José Niño, Headline USA) Critics are questioning whether some of the nation’s largest tech companies are using newspaper job advertisements to circumvent federal requirements designed to protect American workers in the immigration process. The controversy centers on classified advertisements placed in the San Francisco Chronicle and other newspapers as part...

Data Discrepancy Highlights Difficulty of Tracking Chinese Gold Reserves

(Mike Maharrey, Money Metals News Service) According to Canadian customs data, coal, canola, and petroleum rank as the country’s top exports to China. But Chinese records tell a different story. Based on China’s data, gold is the top Canadian import. This discrepancy underscores the difficulty in tracking Chinese gold reserves. Based...

Iran’s Proposed Inflation Fix Is as Old as Time

(Mike Maharrey, Money Metals News Service) Iran has found a solution to its inflation problem. Just lop some zeros off the currency. A parliamentary economics committee recently approved a bill to re-denominate the rial. The new currency would retain the name, but one new rial would equal 10,000 old rials. Imagine...
- Advertisement -
- Advertisement -

Most Read

- Advertisement -
- Advertisement -