Saturday, July 5, 2025

FINANCE

Senator Proposes Aid for Areas Strained by Illegal Immigration

(Zachery Schmidt, The Center Square) U.S. Sen. Ruben Gallego, D-Arizona, reintroduced a bill this week that aims to help areas affected by illegal immigration. The First Responders Emergency Assistance Act would establish emergency grants for law enforcement and first responders in areas that receive a high volume of calls related to...

Sound Money Saved the American Revolution

(Money Metals News Service) As Americans celebrate Independence Day with fireworks and festivities, it’s worth remembering that the ideals of 1776 were more than abstract declarations—they were backed by bold action, including the rejection of debased money and the embrace of gold and silver as the foundation of a...

New Law Banning Foreign Ownership of Texas Land Goes into Effect Sept. 1

(Bethany Blankley, The Center Square) As foreign espionage threats continue in the U.S. and in Texas, a new bill becomes law Sept. 1 that prohibits foreign ownership of Texas land. SB 17, filed by state Sen. Lois Kolkhorst, R-Brenham, passed the Texas legislature with bipartisan support and was signed into...

Trump Signs ‘Big, Beautiful Bill’ at White House July 4 Celebration

(Sarah Roderick-Fitch, The Center Square) President Donald Trump used an Independence Day celebration at the White House to sign his ‘big, beautiful bill.’ Trump and Republican congressional members delivered on the president’s July 4th deadline for the bill. The bill signing was preceded by a spectacular flyover of military planes,...

‘Big Beautiful Bill’ Will Bring the 2026 Military Budget Over $1 Trillion

(Dave DeCamp, Antiwar.com) The House on Thursday passed a massive piece of legislation, dubbed the “Big Beautiful Bill” by President Trump, that includes extra military spending to bring the 2026 military budget over $1 trillion. The bill passed in a vote of 218-214, with only two Republicans — Reps. Thomas Massie...

WATCH: Against Odds, GOP’s ‘Big, Beautiful Bill’ Passes House, Heads to Trump’s Desk

(Thérèse Boudreaux, The Center Square) Against all odds, U.S. House Republicans finally united around the Senate-revised “big, beautiful bill” and passed it in a 218-214 vote Thursday afternoon, sending the multitrillion-dollar budget reconciliation package to the president’s desk. The bill’s passage marks yet another herculean feat by House Speaker Mike...

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...
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