Thursday, July 3, 2025

FINANCE

Freedom Dies When Money Lies: Why Sound Money is the Foundation of a Free Society

(David Morgan, Money Metals News Service) There’s an old truth we forget at our peril: when money loses its integrity, freedom soon follows. Throughout history, the erosion of honest currency has marched in lockstep with the erosion of civil liberties. The connection is not coincidental; it’s causal. Because money is not just a...

Central Banks Stockpiled More Gold in May

(Mike Maharrey, Money Metals News Service) The pace of central bank gold buying picked up slightly in May. Globally, central banks officially added a net 20 tonnes of gold to their reserves in May, according to the latest data compiled by the World Gold Council. This compares to 14 tonnes...

Are Interest Rates Too High?

(Mike Maharrey, Money Metals News Service) Are interest rates too high? A lot of people think they are, and a growing chorus of voices is calling on Federal Reserve Chairman Jerome Powell to cut rates. Are they right? Does the central bank need to step in, slash interest rates, and loosen monetary...

Report: U.S. Used $1.25 Billion Worth of THAAD Interceptors To Defend Israel From Iranian Missiles

(Dave DeCamp, Antiwar.com) A report from the Israeli newspaper Haaretz estimates that the US used 93 interceptors from its THAAD missile defense system to defend Israel from Iranian missiles during the 12-day US-Israeli war against Iran. At $13 million per interceptor, that means the US launched an estimated $1.25 billion worth...

Why the Dollar Is Dying—and Gold Is Thriving

(Money Metals News Service) In the latest episode of the Money Metals Midweek Memo, host Mike Maharrey dives into the troubling trajectory of the U.S. dollar, recent warnings from international banks, and the growing shift toward gold among global central banks. Drawing on fresh data, historical parallels, and economic indicators,...

‘Big Beautiful Bill’ Includes $150 Billion in Extra Military Spending

(Dave DeCamp, Antiwar.com) The Senate on Tuesday advanced a massive spending package, dubbed the “Big Beautiful Bill” by President Trump, that includes $150 billion in extra military spending. The bill passed in a vote of 51-50, with Vice President JD Vance casting the tie-breaking vote, as three Republicans — Senators Rand...

‘Swamp Creation’ Or ‘Massive Win’? Here’s How the Senate Changed ‘Big, Beautiful Bill’

(Thérèse Boudreaux, The Center Square)  After a 27-hour voting session, Senate Republicans narrowly approved their amended version of the House-passed “big, beautiful bill” Tuesday, sending it back to the lower chamber for final approval. But the Senate’s swath of controversial changes has alienated multiple House Republicans and upset delicate political compromises House...

Over 500 Jewish Organizations Receive $94 Million from DHS

(José Niño, Headline USA) Jewish synagogues, schools, and community centers nationwide will receive an influx of cash as the Department of Homeland Security announces $94 million in grants following a surge in antisemitic attacks. Last Friday, DHS announced that it is awarding $94,416,838 in federal grants to 512 Jewish faith-based...

Paramount to Pay $16 Million for Doctoring Kamala Harris Interview

(Headline USA) Paramount has agreed to pay $16 million to settle a lawsuit by President Donald Trump for doctoring CBS' “60 Minutes” interview with then-Vice President Kamala Harris in October. Paramount, which owns CBS, said the money will go to Trump’s future presidential library, not to the Republican president himself. It...

Florida Ends All Sales Taxes on Gold, Silver, Platinum

(Sound Money Defense League, Money Metals News Service) By signing sound money legislation earlier this week, Florida Governor Ron DeSantis has ended Florida’s discriminatory practice of assessing sales taxes on small purchases of gold, silver, or platinum bullion and coins. Florida’s House Bill 7031, a bill by the House Ways and Means...

‘Big, Beautiful Bill’ Narrowly Passes Senate, Faces Tough Crowd in House

(Thérèse Boudreaux, The Center Square)  After more than 26 hours of debate and a record number of vote-a-rama amendments, the U.S. Senate narrowly passed President Donald Trump’s ‘big, beautiful bill’ Tuesday. The massive budget reconciliation bill hikes the debt ceiling by $5 trillion and implements President Donald Trump’s tax, energy,...

The U.S. Dollar Is “Unattractive”

(Mike Maharrey, Money Metals News Service) The dollar is “unattractive.” At least that's how UBS sees it. In a recent note, the Swiss investment bank said it is time to “reduce and hedge exposure to USD before further dollar declines.” The dollar has weakened significantly over the last six months, with the...
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