Friday, May 16, 2025

FINANCE

Founder of Ukraine-Linked USAID Contractor Busted for Massive Bribery Scheme

(Ken Silva, Headline USA) The founder of a government contracting firm has pled guilty to bribing a USAID officer to receive some $500 million in contracts. The USAID officer he bribed pled guilty, too. The government contractor, Walter Barnes, is the founder of PM Consulting Group, which now goes by...

Why Americans Stopped Saving Money

(Peter St Onge, Money Metals News Service) During last month's tariff war, a big driver of stock-market declines was foreigners selling. Foreigners have stockpiled over $60 trillion in US assets -- much of it in stocks. Which puts America at the mercy of those foreigners whenever foreigners get nervous. Part of...

Gold Helping to Unlock the Mysteries of the Universe

(Mike Maharrey, Money Metals News Service) Gold is helping unlock mysteries of the universe. In December 2021, the James Webb Space Telescope (JWST) was launched. Over the last several years, the telescope has produced stunning images that are helping scientists to better understand the universe. Scientists began developing plans for the...

Singapore Gold Launch Could Threaten London & NY Dominance

(Mike Maharrey, Money Metals News Service) A Singapore-based startup hopes to challenge New York and London's dominance of the gold market. Abaxx Exchange recently launched a physical 1-kilo gold contract. It will be denominated in dollars and deliverable in Singapore. It will be the first and only physical gold futures...

More Than 200 Republicans Work To Sabotage Chances of Iran Nuclear Deal

(Dave DeCamp, Antiwar.com) More than 200 Republicans in Congress have sent a letter to President Trump urging him that any deal with Iran must involve the complete dismantlement of Tehran’s nuclear enrichment program, which Iranian officials have made clear is a non-starter. The letter was signed by 177 GOP House...

What Is the Current Inflation Situation?

(Mike Maharrey, Money Metals News Service) What is the current inflation situation? If you just go by the CPI, things are looking pretty good. We got a better-than-expected “inflation” report for the third straight month. Prices rose 2.3 percent on an annual basis in April, the lowest rate since February...

Beyond the Headlines: Why Gold Still Matters in a Debt-Soaked, Dollar-Weary World

(Money Metals News Service) In the latest Money Metals Midweek Memo, host Mike Maharrey delivered a powerful reminder to investors: stop reacting to the 30-second news cycle and start thinking long-term. With financial markets whipsawing on every tweet and press release, Maharrey urged listeners to step back, take a breath, and...

Ex-NYC Mayor de Blasio Agrees to Pay $330K for Misusing Public Funds on Failed White House Bid

(Headline USA)  Former New York City Mayor Bill de Blasio has agreed to pay a $329,794 fine to settle an ethics board’s complaint that he misspent public funds on his security detail during his brief, failed run for U.S. president. The deal, announced Wednesday by the city’s Conflicts of Interest...

$3.8 Trillion Bill Codifying Trump Tax Cuts Passes House Committee

(Thérèse Boudreaux, The Center Square) After 17 hours of debate, lawmakers on the House Ways and Means Committee voted along party lines to advance Republicans’ $3.8 trillion tax cut bill, a significant step forward in codifying President Donald Trump’s campaign priorities through the budget reconciliation process. Under the Republican budget...

Newsom Calls for Ending New Medi-Cal Enrollments for Adult Illegal Immigrants

(Dave Mason, The Center Square) California Gov. Gavin Newsom on Wednesday called for an end to new enrollments of adult illegal immigrants in Medi-Cal to save more than $5 billion. The proposal by the governor, who's viewed as a potential Democratic presidential candidate in 2028, is a reversal of his...

Trump Meets With Syria’s Al-Qaeda Leader-Turned President, Praises His ‘Strong Past’

(Dave DeCamp, Antiwar.com) On Wednesday, President Trump met with Ahmed al-Sharaa, the founder of al-Qaeda in Syria, who became the country’s de facto leader after his rebranded group of jihadists, known as Hayat Tahrir al-Sham (HTS), took power in Damascus in December 2024. Trump said he had a “very good” meeting with...

The Logic of Debt Under Fiat: The Student Edition

(Joakim Book, Money Metals News Service) Anyone who looks at fiat currency long enough, eyes wide open, usually comes to the conclusion that this is an upside-down world. Unlike gold or silver as sound money, under fiat currency thrift is penalized, financial surpluses are burdens, and losses are good. With tax...
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