Saturday, May 10, 2025

FINANCE

Here’s a Dirty Little Secret: Federal Reserve Monetary Policy Is Still Loose

(Mike Maharrey, Money Metals News Service) Everybody wants to know when the Federal Reserve is going to declare victory over price inflation and begin loosening monetary policy. The real question is - when are they going to make monetary policy tight again? Because despite all the worry about high interest rates,...

Three Key Ways Gold Can Enhance Your Investment Portfolio

(Mike Maharrey, Money Metals News Service) Why should you have gold in your portfolio The World Gold Council puts it this way in its recent report Gold as a Strategic Asset.  "Gold has a key role as a strategic long-term investment and as a mainstay allocation in a well-diversified portfolio....

Fiscal Collapse Accelerates

(Peter St. Onge, Money Metals News Service) In case you thought anybody in Washington was driving this thing, they are not.  It’s official: the Department of Treasury is now issuing debt at pandemic levels. It’s worth noting the pandemic record was double the previous record, which had stood for 231...

Report: Phone Location Data Reveals Visitors to Epstein Island

(Ken Silva, Headline USA) Tech publication Wired published an extraordinary article Thursday about mobile devices that visited multimillionaire financier and sex trafficker Jeffrey Epstein’s notorious Caribbean island, Little St. James. According to Wired, the mobile device data was collected by Near Intelligence, a location data broker that does business with...

Judge Sentences FTX Fraudster Bankman-Fried

(Headline USA) Crypto entrepreneur Sam Bankman-Fried was sentenced Thursday to 25 years in prison for a massive fraud on hundreds of thousands of customers that unraveled with the collapse of FTX, once one of the world’s most popular platforms for exchanging digital currency. U.S. District Judge Lewis A. Kaplan delivered a blistering...

Gold and Silver: A Hedge Against Currency Risk

(Mike Maharrey, Money Metals News Service) Holding fiat currency is risky business and that’s not going to change any time soon. Currency risk is one of the factors driving the recent rally in gold and silver. It’s no coincidence that the recent gold and silver rally started as the...

How Money Metals Exchange is Challenging the System

(Money Metals News Service) In this episode of Money Metals' Midweek Memo, host Mike Maharrey discusses the perceived ineffectiveness of the prevailing political strategy in the United States, which revolves around the notion of "voting the bums out" to solve issues. Maharrey argues that this approach doesn't lead to significant...

Inflation Goes Bananas: Trader Joe’s Ups Price of Tropical Fruit for 1st Time in Decades

(Headline USA) It may not be too “a-peel-ing,” but the price of some bananas is rising by a few cents. Trader Joe's recently upped the price for a single banana to 23 cents, a 4-cent—or 21%— increase from the grocer's previous going rate for the fruit that had remained unchanged...

TikTok Under Investigation by FTC over Data Practices, Could Face Lawsuit

(Headline USA) The Federal Trade Commission is investigating TikTok over its data and security practices, a probe that could lead to a settlement or a lawsuit against the company, according to a person familiar with the matter. The investigation is the latest battle in Washington for the social-media company, which...

Settlement Reached in Lawsuit between Disney and Ron DeSantis Allies

(Headline USA) Allies of Gov. Ron DeSantis and Disney reached a settlement agreement Wednesday in a state court fight over how Walt Disney World is developed in the future following the takeover of the theme park resort's government by the Florida governor. In a meeting, the DeSantis-appointed members of the...

Truth Social’s Stock Surge Moves Trump into Forbes’s Top 500 List for 1st Time Ever

(Jacob Bruns, Headline USA) Despite efforts by the Left to sap former President Donald Trump of his money through politicized legal maneuvers, the former president's net wealth  skyrocketed this week after his social-media platform, Truth Social, went public, CNBC reported. The financial move landed Trump for the first time ever...

Handpicked Numbers a Golden Ticket to $1.13B Mega Millions Jackpot

(Headline USA) Someone in New Jersey who bought a single ticket overcame the odds Tuesday night and won the $1.13 billion Mega Millions jackpot, breaking a winless streak that dated to last December. The numbers drawn were: 7, 11, 22, 29, 38 and the gold Mega Ball 4. State lottery...
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