Friday, July 18, 2025

FINANCE

CA Files Lawsuit Over $4B in Cancelled High Speed Rail Funds

(Kenneth Schrupp, The Center Square)  The California High Speed Rail Authority is suing the Trump administration over cancellation of $4 billion in federal funding for the $36.3 billion high rail project connecting two cities in the state’s sparsely-populated Central Valley. “This is just a heartless attack on the Central Valley that will...

Dems Plowed Donor Dollars on Lavish Trip to Visit Deported Illegal Alien

(Luis Cornelio, Headline USA) House Democrats tapped into the coffers of their campaign funds to bankroll their overseas trip to El Salvador, where they visited illegal alien Kilmar Abrego Garcia, an accused MS-13 member now federally indicted for human smuggling.   Most of the Democrats falsely claimed they paid for the...

Morgan Stanley Expects Further Euro Gains – A Tailwind for Gold?

(Jesse Colombo, Money Metals News Service) Morgan Stanley is predicting further euro appreciation, which should also give gold a meaningful boost, given their strong correlation. Anyone who has followed my work over the past eight months knows I’ve been consistently bearish on the U.S. dollar — a call that has...

Fed Chair Candidate Warsh Wants More Inflation

(Mike Maharrey, Money Metals News Service) One of the top candidates to succeed Jerome Powell at the Federal Reserve said the central bank needs to coordinate more closely with the U.S. Treasury and advocated for a much more inflationary monetary policy. Kevin Warsh served as a Federal Reserve governor from...

2,200 Year Old Money Discovered in Czech Republic

(Mike Maharrey, Money Metals News Service) You’ll often hear me say that gold and silver have served as money for thousands of years. They’ve stood the test of time! Now, this might sound like hyperbole coming from a “gold bug,” but there is ample evidence supporting this assertion. After all,...

MIT Lab Funded by Epstein Floated Giving Child Sex Robots to Offenders

(Luis Cornelio, Headline USA) A lab at the Massachusetts Institute of Technology once hosted a panel that seemingly endorsed the idea of giving “child-size sex robots” to sex offenders, claiming it may keep them from abusing real children.  Disturbingly, the same MIT Media Lab once accepted funding from convicted pedophile...

Trump Orders Unsealing of Epstein Files, Threatens Lawsuit after WSJ Hit Piece

(Headline USA) President Donald Trump promised a lawsuit after The Wall Street Journal described a sexually suggestive letter that the newspaper says bore Trump’s name and was included in a 2003 album for Epstein’s 50th birthday. Trump denied writing the letter, calling it “false, malicious, and defamatory.” Trump also directed...

CBS Cancels Stephen Colbert’s ‘Late Show’

(Headline USA) When he wasn't pushing vaccines or crying about President Donald Trump, talk show host Stephan Colbert told the occasional joke—like when he cracked up his audience by claiming that CNN is "objective" news. That dismal era of late-night "comedy" is soon coming to an end. Colbert told his...

20 States Sue Trump Administration Over FEMA Cuts

(Zachery Schmidt, The Center Square)  California, Arizona and Colorado, along with 17 other states, sued the Trump administration this week over its decision to close the Federal Emergency Management Agency’s Building Resilient Infrastructure and Communities program. This program helps local communities nationwide protect themselves from natural disasters before they occur. In April, FEMA announced it was ending...

Trump Administration Officially Defunds CA’s High Speed Rail

(Kenneth Schrupp, The Center Square)  The Trump administration officially terminated its funding of California’s 171-mile high speed rail segment in the state’s more sparsely populated Central Valley, citing an inability to complete the project by the 2033 deadline. The administration also noted there's no plan for closing a $7 billion funding gap...

Is Undisclosed Russian Silver Buying Driving the Price Higher?

(Mike Maharrey, Money Metals News Service) Are undeclared silver purchases by the Russian government boosting the price of silver? There is some anecdotal evidence that they are. Silver is up nearly 28 percent this year. It briefly traded above $39 an ounce earlier this week. Silver has been set up for a rally...

Central Banks Buying More Domestically Produced Gold

(Mike Maharrey, Money Metals News Service) As central banks scramble to increase their gold reserves, many are turning to domestic mine production to save money, support local industry, and expand their reserves. Central banks have increased their gold holdings by over 1,000 tonnes for three straight years. To put that...
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