Sunday, December 28, 2025

FINANCE

Trump Purges 6,700 IRS Agents Biden Unleashed on Americans

(Luis Cornelio, Headline USA) Time to celebrate—thousands of Biden-era IRS workers lost their jobs on Thursday, weeks before they could target and harass Americans on Tax Day.  President Donald Trump authorized the firing of between 6,700 and 7,000 IRS employees, highlighting the seriousness of his pledge to slash the federal bureaucracy.  The...

Here’s What to Watch in Gold Right Now…

(Jesse Colombo, Money Metals News Service) Gold has momentarily paused just below $3,000, catching its breath while building momentum for its next move. With energy accumulating, a breakout above $3,000 could be just around the corner. Gold has been on an impressive run lately, making life easy for us gold...

Chinese Gold Market Continues to Show Improvement

(Mike Maharrey, Money Metals News Service) Gold demand in China continued to show signs of growth last month despite the relentless climb in prices. China ranks as the world's largest gold market. As Jesse Colombo reported, aggressive Chinese futures traders on the Shanghai Futures Exchange (SHFE) helped drive last year's gold bull...

U.S. Gold Jewelry Demand Surprisingly Strong Despite Record Gold Prices

(Mike Maharrey, Money Metals News Service) Gold had quite a run in 2024, hitting record highs 40 times. That momentum carried over into 2025, with new record highs above $2,900 an ounce. One might expect these higher prices to put a drag on demand for gold jewelry, but surprisingly, the impact has been...

Desperation in the Global Gold Market

(Brien Lundin, Money Metals News Service) Gold continues to explode higher as fractures spread in the global gold market. I’ve been reporting on the extraordinary gold flows of recent weeks, which have been driving the price of gold to record levels. Those mysterious flows, generally blamed on concerns over potential U.S. tariffs...

Inflation, the Federal Reserve, and the Death of the Penny

(Money Metals News Service) In the latest episode of the Money Metals Midweek Memo, host Mike Maharrey dives deep into the Federal Reserve’s ever-changing stance on inflation, the reality behind rising consumer prices, and a seemingly unrelated yet important development—the end of the U.S. penny. Through sharp analysis and historical comparisons,...

Defense Secretary Hegseth Orders Sweeping Pentagon Cuts

(Dave DeCamp, Antiwar.com) Secretary of Defense Pete Hegseth has ordered Pentagon leaders to develop plans to make sweeping cuts to the Defense Department’s budget, The Washington Post reported on Wednesday. According to a memo obtained by the Post, Hegseth’s order calls for an 8% cut to the Pentagon budget each year...

Trump Wants to Give Every American a $5,000 ‘DOGE Dividend’

(Headline USA) President Donald Trump said Wednesday that he likes the idea of giving some of the savings from Elon Musk's Department of Government Efficiency back to U.S. citizens as a kind of dividend. He said at an investment conference in Miami that the administration is considering a concept in which...

A Golden Age of Diplomacy: U.S. and Russia Agree to Resume Trade and End War

(Kyle Anzalone, Antiwar.com) Following a high-level meeting between US and Russian officials, the State Department said Washington and Moscow will begin taking steps to normalize the diplomatic relationship between the two superpowers. US-Russian diplomacy sank during the first Donald Trump administration, and Joe Biden cut nearly all contact with Russia after...

Obama Judge Upholds Mass Gov’t Layoffs in Major Win for Trump and DOGE

(Headline USA)  A federal judge refused Tuesday to immediately block billionaire Elon Musk and the Department of Government Efficiency from accessing government data systems or participating in worker layoffs. U.S. District Judge Tanya Chutkan found that there are legitimate questions about Musk's authority, but said there isn't evidence of the...

DOGE Says it Has Saved Taxpayers $55 Billion So Far

(The Center Square) – The month-old Department of Government Efficiency led by billionaire Elon Musk has saved American taxpayers $55 billion, according to the latest update from the group. Its ‘Wall of Receipts’ on its new website catalogues where the department has made cuts and how much those cuts are...

White House Says Elon Musk Isn’t a Member of DOGE

(Headline USA) The White House says billionaire Elon Musk is not the administrator of the Department of Government Efficiency team that is sweeping through federal agencies, but is rather a senior adviser to President Donald Trump. Musk's exact role could be key in the legal fight over DOGE's access to government...
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