Wednesday, July 16, 2025

FINANCE

RFK Jr. and Other Trump Officials Embrace Psychedelics After FDA Setback

(Headline USA) For decades, proponents of psychedelic drugs have come to Washington with a provocative message: Illegal, mind-altering substances like LSD and ecstasy should be approved for Americans grappling with depression, trauma and other hard-to-treat conditions. A presidential administration finally seems to agree. “This line of therapeutics has tremendous advantage if given in a clinical setting and...

Meta CEO Mark Zuckerberg Expected to Testify in $8 billion Facebook Privacy Lawsuit

(Headline USA) A $8 billion class action investors’ lawsuit against Meta CEO Mark Zuckerberg and company leaders — current and former — begins Wednesday, with claims stemming from the 2018 privacy scandal involving the Cambridge Analytica political consulting firm. Investors allege in their lawsuit that Meta did not fully disclose the risks that Facebook users’...

Sen. Adam Schiff Referred to DOJ for Mortgage Fraud

(Luis Cornelio, Headline USA) Federal housing investigators have referred Sen. Adam Schiff, D-Calif., to the DOJ for a formal investigation after uncovering discrepancies tied to his claimed primary residence.    Fannie Mae’s financial crimes division found that Schiff and wife, Eve, engaged in a sustained pattern of possible occupancy misrepresentation” on...

DC Politician Wins Back Council Seat, Despite Facing Federal Charges

(Headline USA) A former D.C. Council member is returning to his seat, five months after he was kicked out for his involvement in a federal bribery investigation. Trayon White defeated three challengers in a special election Tuesday to fill the Ward 8 council seat that has been vacant since his expulsion...

Rep. Cory Mills Faces Eviction over $85K Rent Debt

(José Niño, Headline USA) Rep. Cory Mills, R-Fla. is facing eviction from his luxury Washington D.C. penthouse after months of unpaid rent totaling over $85,000, documents reveal. According to political reporter Roger Sollenberger, formerly of The Daily Beast, Mills “is being evicted for failure to pay months of rent at...

Silver’s Bull Market Has Officially Begun

(Jesse Colombo, Money Metals News Service) Silver has officially broken out in a big way, kicking off its bull market. Multiple confirmations I was watching for have now been fulfilled, and silver still has plenty of fuel left in the tank. While gold soared over the past year, silver lagged...

Jamie Dimon Warns Trump on Federal Reserve Independence

(Brett Rowland, The Center Square) JPMorgan Chase boss Jamie Dimon warned President Donald Trump on Tuesday about attacks against Federal Reserve Chairman Jerome Powell, noting the importance of the Fed's independence. "Playing around with the Fed could have adverse consequences, the absolute opposite of what you might be hoping for,"...

The Myth of Fed Independence

(Peter St Onge, Money Metals News Service) Donald Trump is threatening to replace Jerome Powell -- or even appoint himself Fed chair. So it's a fruitful moment to ask: Should central banks be independent? More importantly, can they be independent? Or will a central bank inevitably serve their banking masters and the permanent bureaucracy...

Price Inflation Heating Up Based on June CPI

(Mike Maharrey, Money Metals News Service) Based on the latest Consumer Price Index (CPI) data, prices showed signs of creeping higher in June. However, there were enough dovish points in the data to support those pushing for looser monetary policy. The headline annual CPI spiked from 2.4 percent in May...

Senate NDAA Would Add $32 Billion to Trump’s $1 Trillion 2026 Military Budget

(Dave DeCamp, Antiwar.com) The Senate Armed Services Committee (SASC) has approved its version of the 2026 National Defense Authorization Act (NDAA), which would add approximately $32 billion to President Trump’s planned military budget of $1.01 trillion. The SASC’s NDAA would provide $924.7 billion in military spending, including $878.7 billion for the...

Indian Investors Flocking to Silver

(Mike Maharrey, Money Metals News Service) There’s a silver rush in India. Indians are known for stockpiling gold, but they are increasingly turning to silver as the price has pushed to 14-year highs. In rupee terms, silver set a record of ₹114,875 per kilogram (around $41/ounce). A silver production shortfall in...

Precious Metals Outlook: How Will 2025’s Second Half Compare to the First?

(Clint Siegner, Money Metals News Service) Gold and silver prices outperformed nearly every asset class in the first half of the year. Geopolitical uncertainty, a weaker U.S. dollar, the threat of tariffs, central bank gold buying, and silver inventory scarcity all contributed to stellar performance. Since mid-April, however, prices have...
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