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Monday, February 10, 2025

FINANCE

Trump Puts Biden’s 87,000 IRS Agents to Work—On Deporting Illegals

(Luis Cornelio, Headline USA) Remember the 87,000 IRS agents the Biden administration wanted to hire to go after Americans? They’re now being reassigned to help deport illegal aliens instead. DHS Secretary Kristi Noem announced the shift on X, revealing she had requested the IRS to deputize agents to assist in arresting violent...

Trump to Stop U.S. Production of Pennies

(Casey Harper, The Center Square) President Donald Trump said late Sunday that he has ordered the U.S. Treasury Department to stop producing pennies. Pennies famously cost more than a penny to produce, putting them in the crosshairs of Trump and DOGE’s government efficiency push. "For far too long the United States...

Copper’s Surge Is a Bullish Omen for Silver

(Jesse Colombo, Money Metals News Service) Over the past few months, I’ve maintained a consistently bullish outlook on copper, anticipating a rebound off the $4 per pound support level and a strong rally. This scenario has particularly intrigued me because a surge in copper would provide a significant tailwind for silver....

Is the Shortage of Large Bars Temporary?

(Clint Siegner, Money Metals News Service) Traders with an obligation to deliver physical bars in the U.S. have found the available inventory is in short supply. They have been rushing to import supplies from London and/or paying hefty premiums to secure the bars they need. Others have been capitalizing...

Big Banks Getting More Bullish on Gold

(Mike Maharrey, Money Metals News Service) As gold continues to surge, two big banks have raised their gold price forecasts to $3,000, citing the threat of trade wars and geopolitical uncertainty. Citigroup analysts now expect gold to top $3,000 in the next three months, up from their previous $2,800 forecast. The...

And the Winner of the Super Bowl Takes… Silver?

(Mike Maharrey, Money Metals News Service) The Super Bowl may be one of the most popular sporting contests in the world. In 2024, over 120 million people tuned into the game. I have to say, for such a big event, the trophy awarded to the winner is rather pedestrian. I...

Debt, Spending, and Economic Survival: Peter St. Onge’s Take

(Money Metals News Service) In a recent interview on the Money Metals podcast, host Mike Maharrey sat down with economist and internet personality Dr. Peter St. Onge to discuss pressing issues surrounding U.S. national debt, government spending, and economic recovery strategies under the current administration. The conversation shed light on the alarming fiscal...

Surging U.S. Inflation Expectations Propel Gold Higher

(Jesse Colombo, Money Metals News Service) Since President Trump took office and introduced his policies, financial markets have faced a wave of uncertainty driven by a mix of complex and often conflicting forces. This volatility has led to choppy market conditions, but for precious metals investors, uncertainty has been a...

Bill to Remove Medical Debt from Credit Scores in Washington Moves Forward

(Carleen Johnson, The Center Square) State lawmakers are forwarding a bill that would change how medical debt impacts Washingtonians' credit scores. Senate Bill 5480 doesn’t erase medical debt completely but “Declares a medical debt void and unenforceable if it is reported to a consumer credit reporting agency or credit bureau,”...

The New Politico?: Semafor Invites 200+ Globalists to D.C. for Davos-Like Conference

(Headline USA) The media company Semafor is planning a Washington economic conference for hundreds of globalist elites in April that it hopes will rival the annual World Economic Forum in Davos, Switzerland, for influence. World Economy Summit, scheduled for April 23-25 in Washington, D.C., is being co-chaired by two top Democrat...

BIDEN BIRD FLU: Hochul Drives Up Egg Costs, Stokes Panic w/ Shutdown of NYC Poultry Markets

(Headline USA) With echoes of 2020 and Democrat leaders' successful efforts to tank the U.S. economy in a pandemic frenzy, Gov. Kathy Hochul stoked new---albeit unfounded---worries, and further drove up the sky-high cost of eggs and chicken. Hochul's shutdown of New York City poultry markets on Friday comes even as...

Reflecting on the Gold Democrats

(Lawrence Reed, Money Metals News Service) The official platforms of American political parties are often short on substance and long on platitudes. Sometimes, they are a mishmash of contradictions and promises that won’t be kept. Almost nobody reads them even in the year of their adoption, let alone a...
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