Tuesday, May 13, 2025

FINANCE

The Resurgence of Gold and Silver as Legal Tender: An Interview with Jp Cortez on Kitco News

(Money Metals News Service) In a recent episode of Kitco News, host Jeremy Szafron spoke with Jp Cortez, Executive Director of the Sound Money Defense League, about the resurgence of gold and silver as legal tender in the United States. This initiative, led by Sound Money Defense League and Money Metals Exchange,...

Meet the Little Chinese Car Threatening a ‘Bloodbath’ for U.S. Auto Industry

(Headline USA) A tiny, low-priced electric car called the Seagull has American automakers and politicians trembling. The car, launched last year by Chinese automaker BYD, sells for around $12,000 in China, but drives well and is put together with craftsmanship that rivals U.S.-made electric vehicles that cost three times as much. A...

Biden Does About-Face on Trump’s Tax Cuts, Days After Being Ridiculed

(Luis Cornelio, Headline USA) The Biden White House has pivoted on tax cuts, now begging Congress to extend certain sections of the Trump-era tax cuts, just days after struggling to clarify its position on allowing the legislation to expire before the 2024 deadline.  President Joe Biden’s top economic adviser, Lael Brainard,...

Apple’s New iPad Ad Strikes a Nerve Online w/ Soul-Crushing Symbolism

(Headline USA) A newly released ad promoting Apple's new iPad Pro has struck quite a nerve online. The ad, which was released by the tech giant Tuesday, shows a hydraulic press crushing just about every creative instrument artists and consumers have used over the years—from a piano and record player,...

Money Metals Podcast: Ken Silva Discusses Federal Reserve’s Secrecy

(Money Metals News Service) Investigative reporter Ken Silva with Headline USA uncovers the Fed's hidden powers and gold secrets in a riveting Money Metals Exchange podcast with host Mike Maharrey. In a revealing episode of the Money Metals podcast, host Mike Maharrey is joined by Ken Silva, an investigative reporter...

Convenience Store Gold Flying Off Shelves in Korea!

(Mike Maharrey, Money Metals News Service) Tiny bars of gold are flying off the shelves in South Korean convenience stores. This is yet another example of the movement of gold from West to East. Korea’s largest convenience store chain, CU, has teamed up with Korea Minting and Security Printing Corporation...

What Is Fiat Money and Why Is It a Problem?

(Mike Maharrey, Money Metals News Service) If you follow alternative financial media, you'll often hear dollars derisively referred to as "fiat currency." What exactly does this term mean and why is it often used as a slur? Investopedia defines fiat money as a government-issued currency not backed by a physical...

Former Obama Adviser Blasts Biden’s ‘Terrible’ Economic Messaging

(Headline USA) Former Obama adviser David Axelrod blasted President Joe Biden this week, arguing the president’s economic messaging was a “terrible mistake.” Axelrod was responding to a sit-down Biden did on Wednesday with CNN’s Erin Burnett, who grilled Biden on the state of the economy and voters’ disapproval of the way...

Pentagon Plans to Spend Nearly $2 Trillion on Stealth Fighter w/ Reliability Issues

(Brett Rowland, The Center Square) The cost of the Pentagon's most expensive weapon system is projected to increase by more than 40% despite plans to use the stealth fighter less, in part because of reliability issues. The U.S. Department of Defense's F-35 Lightning II is the most advanced and costly...

Is BLS is Cooking Jobs Reports to Make Biden’s Economy Look Better?

(Ken Silva, Headline USA) Last Friday’s Bureau of Labor Statistics employment report showed that U.S. employers added some 175,000 jobs in April. But while April's numbers captured most of the headlines, the same jobs report also contained downward revisions for earlier this year, with the BLS admitting that “employment in...

Gold Up 4 Percent in April Despite Headwinds

(Mike Maharrey, Money Metals News Service) Gold was up 4 percent in April, despite some profit-taking, along with headwinds from a strong dollar and waning hope for an interest rate cut. Gold hit a new all-time high of 2,431 in April, but pulled back later in the month as hopes...

Is the American Consumer Tapped Out? Credit Card Borrowing Tanked in March

(Mike Maharrey, Money Metals News Service) Have Americans finally maxed out their credit cards? It looks like they may have and that's bad news for an economy that has run on credit cards for the last year. According to the latest data released by the Federal Reserve, revolving credit cratered...
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