Friday, December 19, 2025

FINANCE

Somalians Stole BILLIONS of Dollars from Welfare Programs in Minnesota, DOJ Says

(Headline USA) Half or more of the roughly $18 billion in federal funds that supported 14 Minnesota-run programs since 2018 may have been stolen, a federal prosecutor said Thursday, describing the massive and multilayered fraud schemes as staggering. While prosecutors typically see fraud manifest as providers overbilling, Thompson said during a...

U.S. House Passes GOP Health Care Bill, Sends to Senate

(Thérèse Boudreaux, The Center Square)  The U.S. House passed the Lower Health Care Premiums for All Americans Act in a party line, 216-211, vote Wednesday, sending the bill to its likely demise in the Senate. The bill, which will almost certainly fail to reach the Senate’s 60-vote threshold, is Republicans’...

Trump Administration Approves More Than $11 Billion in Arms Sales for Taiwan

(Dave DeCamp, Antiwar.com) The State Department on Wednesday approved a series of arms deals for Taiwan worth more than $11 billion, including multiple types of missile systems and munitions, an announcement that China has strongly condemned. If the sales aren’t blocked by Congress, which is unlikely to happen since there’s...

November CPI Report Like the Gift of an Ugly Sweater

(Mike Maharrey, Money Metals News Service) The November CPI data is a little like that ugly sweater you got for Christmas last year. It was an interesting topic of conversation, but it wasn’t good for much by the time January rolled around. The November CPI data came out much cooler than expected,...

Federal Budget Deficit Narrowed in November Thanks to Tariffs But Large Spending Gap Persists

(Mike Maharrey, Money Metals News Service) Good news! The federal budget deficit shrank substantially in November. Bad news! Uncle Sam still ran a significant budget shortfall in November, despite a massive surge in tariff revenue. The November deficit came in at $173.28 billion. Through the first two months of fiscal 2026 (Oct-Nov),...

Trump Admin. Awards Palantir $300M No-Bid Contract to Monitor Food Stamps

(José Niño, Headline USA) The Trump administration awarded Silicon Valley data analytics firm Palantir Technologies a $300 million contract without competitive bidding to construct an AI powered system targeting alleged fraud in the Supplemental Nutrition Assistance Program. This move has sparked widespread concern about surveillance overreach and discriminatory targeting...

American Jewish Committee Pushes Censorship After Bondi Beach Attack

(José Niño, Headline USA) In the wake of the mass shooting at Bondi Beach in Sydney, Australia, American Jewish Committee (AJC) CEO Ted Deutch embarked on a high profile media tour that framed the atrocity as a mandate for global action against online speech.  The shooting which Australian authorities classified...

The Fed Restarted QE (Without Saying It)

(Money Metals News Service) In this recent episode of the Money Metals Midweek Memo, host Mike Maharrey argues the biggest takeaway from the Federal Reserve’s latest FOMC meeting wasn’t the widely reported 25 basis point rate cut. It was the quiet restart of balance-sheet expansion—what most people would recognize...

Trump To Announce War With Venezuela Tonight

(Dave DeCamp, Antiwar.com) President Trump is expected to announce plans to launch a war with Venezuela this evening when he addresses the nation at 9:00 pm EST, a high-placed source on Capitol Hill has told Antiwar.com. Also, earlier in the day, Tucker Carlson told Judge Andrew Napolitano that he has...

Silver Industrial Demand Expected to Grow Despite Higher Prices

(Mike Maharrey, Money Metals News Service) With prices above $60 an ounce, many speculate that industrial demand for silver will fall due to substitution. However, the Silver Institute projects industrial demand will rise as offtake from vital technology sectors accelerates over the next five years. “Silver will remain an essential component...

Falling Prices Are Bad For You??

(Mike Maharrey, Money Metals News Service) Price inflation has slowed, but that doesn’t mean prices are coming down. They just aren’t rising quite as fast as they were. Price inflation is by design. Remember, the powers-that-be target a 2-percent reduction in the value of your dollar. Conventional wisdom holds that falling...

Trinidad and Tobago To Open Its Airports to US Military as US Continues Buildup Near Venezuela

(Dave DeCamp, Antiwar.com) Trinidad and Tobago will allow the US military to use its airports in the coming weeks, according to a statement from the Caribbean island nation’s Foreign Ministry, as the US continues ramping up military activity near Venezuela. Trinidad and Tobago’s Foreign Ministry cited recent military cooperation with...
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