Saturday, July 12, 2025

FINANCE

Gold’s Rise and Economic Insights: A Midweek Memo

(Money Metals News Service) In this week's episode of "Money Metals Midweek Memo," host Mike Maharrey delves into the often overlooked yet significant realm of gold investment, drawing an engaging parallel between gold's market perception and a personal anecdote from his school days about a girl named Bertha.  Much like...

States Sue to Block Biden’s Latest Loan ‘Amnesty’ Vote-Buying Scheme

(Casey Harper, The Center Square) A coalition of states has filed a legal challenge to President Joe Biden’s latest executive effort to forgive a portion of Americans' student loan debt. “With the stroke of his pen, Joe Biden is attempting to saddle working Missourians with a half trillion dollars in...

Inflation Speeds Up in Latest BLS Data, Fueling New Economic Concerns

(Casey Harper, The Center Square) Newly released federal inflation data showed consumer prices continued to rise at an elevated rate for yet another month, signaling that inflation’s rise may not be over after all. The U.S. Bureau of Labor Statistics on Wednesday released its Consumer Price Index, a key marker...

How Much Economic Growth Can Americans Put on Their Credit Cards?

(Mike Maharrey, Money Metals News Service) After moderating credit card spending in January, American consumers pulled out the plastic yet again in February. Credit card balances surged, driving overall consumer debt up by another $14.1 billion, a 3.4 percent annual increase. Americans now owe $5.05 trillion in consumer debt, according to...

Here’s One Reason This Gold Bull Run Likely Still Has Legs

(Mike Maharrey, Money Metals News Service) Gold has surged to record highs of over $1,350 per ounce, and there is reason to believe this bull run has plenty of legs left. Gold dipped below $2,000 for the last time in mid-February. Since that time, it has gained nearly 18 percent....

MSNBC Laments Trump’s $50M Fundraiser: ‘Luckiest Guy in the World’

(Headline USA) MSNBC host Stephanie Ruhle reacted on Sunday to news of former President Donald Trump’s latest fundraising haul by complaining that Trump is the “luckiest man in the world.” In an appearance on Inside with Jen Psaki, Ruhle admitted that Trump’s $50.5 million haul from one fundraising event last quarter...

Idaho Gov. Opposes Gold & Silver, Vetoes Bill to Protect Reserve Funds

(Jp Cortez, Money Metals News Service) Idaho Gov. Brad Little today vetoed legislation that would have enabled the Idaho state treasurer to protect state reserve funds with an allocation to physical gold and silver, sending an ominous message to the state's mining industry and investors. Senate Bill 1314 – sponsored...

Media Elite Belittle Inflation Struggles of Ordinary Americans

(Clint Siegner, Money Metals News Service) A top writer for the Wall Street Journal thinks Americans who complain about the economy just aren't aware of how good things are. Chief Economics Commentator Greg Ip wrote a gaslighting article last week with the headline, "What's Wrong With the Economy? It's You,...

Why Is the Mainstream Always Pooh-Poohing Gold?

(Mike Maharrey, Money Metals News Service) According to the mainstream, it’s always time to sell gold. Maybe listening to mainstream talking heads isn’t the best strategy. On March 8, CNBC Fast Money featured TD Securities senior commodity strategist Daniel Ghali arguing that it was time to take profits on gold. That...

Zimbabwe Gets Gold-Backed Currency, But It Won’t Solve Root Issue

(Mike Maharrey, Money Metals News Service) On Friday, Zimbabwe officials introduced a gold-backed currency in an effort to stabilize the economy. But the root of the country’s problem remains – the government. The ZiG (Zimbabwe gold) will replace the Zimbabwean dollar (RTGS) over the next month. The currency will be...

Inflation, COVID-Era Spending Policies Result in Teacher Layoffs Nationwide

(Bethany Bankley, The Center Square) – School districts across the country are laying off teachers, citing high inflationary costs, budget deficits, and federal COVID-era funding running out after receiving windfalls in federal subsidies for three years. The federal COVID-era subsidies were funded through ESSER (Elementary and Secondary School Emergency Relief)...

GMA Host Michael Strahan Stunned at Grocery Prices in Biden Era: ‘Wow’

(Luis Cornelio, Headline USA) The impact of Bidenflation has reached the hosts of ABC News's Good Morning America, as one host was left stunned after learning about the soaring grocery prices.  During a Friday segment comparing grocery prices from 2019 to 2024, co-host Michael Strahan appeared visibly shocked as his colleague...
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