Friday, July 11, 2025

FINANCE

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...

Navigating the Future of Precious Metals: Insights and Legislative Advocacy from Industry Experts

(Money Metals News Service) In a recent episode of the Vancouver Resource Investment Conference podcast, hosted by Jesse Day, guests Stefan Gleason (President and CEO of Money Metals Exchange) and Jp Cortez (Executive Director of the Sound Money Defense League) shared their expert analysis on the dynamics of the...

U.S. Rep. Introduces Bill to End Federal Tax on Gold and Silver

(Money Metals News Service) U.S. Rep. Alex Mooney, R-W.Va., has re-introduced sound money legislation to remove all federal income taxation from gold and silver coins and bullion. The Monetary Metals Tax Neutrality Act (H.R. 8279) backed by the Sound Money Defense League, Money Metals Exchange, and free-market activists – would...

23 State AGs Call on Congress to Defund UN Agency w/ Ties to Hamas Terrorism

(Bethany Blankley, The Center Square) A coalition of 23 attorneys general led by Utah and South Carolina have called on Congress to permanently defund a United Nations agency after learning of its ties to the terrorist organization Hamas. “The United States must stop funding antisemitic education efforts run by the...

Newsom Uses Fake Data to Claim Tourism Boom Despite Lockdowns

(Kenneth Schrupp, The Center Square) California Gov. Gavin Newsom stuck to his guns after claiming record-high tourism spending from atop the Golden Gate Bridge---despite the fact that the report he cited noted in the adjoining sentence that real spending was down 14% since 2019 after accounting for inflation. “Last year,...

Q1 Gold Demand Strongest Since 2016

(Mike Maharrey, Money Metals News Service) Factoring in sizeable over-the-counter (OTC) buying, gold demand charted its strongest first quarter since 2016. Excluding OTC buying, demand fell 5 percent to 1,102 tons. Significant outflows of gold from ETFs drove the dip. But including over-the-counter buying by investors, gold demand grew by...

Jim Grant: The Federal Reserve Is Broke!

(Mike Maharrey, Money Metals News Service) The Federal Reserve is losing billions of dollars. As financial journalist and market analyst Jim Grant put it during a recent interview on Fox Business, the Fed is actually broke. But most people don't seem concerned about the central bank's financial condition. They are...

Liberals Feign Surprise that Soros Is Funding Student Protests

(Molly Bruns, Headline USA) Democrats and the left-leaning mainstream media are apparently just now discovering that big donors such as Bill Gates and George Soros are supporting the pro-Palestine protests on college campuses. Many of the organizations, such as Jewish Voice for Peace and IfNotNow, are responsible for the recent rash...

CEO Walks Back Support for Campus Riots after Stock Plunges $210M

(Headline USA) The CEO of a hair-regrowth startup walked back his support for radical anti-Israel student protesters this week after his firm’s stock value plunged nearly $210 million in a single day. Andrew Dudum, the head of hygiene company Hims & Hers, released a statement on Sunday to “clarify” his...
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