Wednesday, September 17, 2025

FINANCE

Federal Reserve Wants to Cut Rates, Appears Trapped by Inflation

(Stefan Gleason, Money Metals News Service) As the Fed keeps hopes alive for at least one rate cut this year, metals investors are weighing the inflation outlook.  Gold and silver markets have recently been giving back some of their impressive gains this year. So far, it looks like a normal...

The Petrodollar Is Dead and That’s a Big Deal

(Mike Maharrey, Money Metals News Service) The petrodollar quietly died this week. While it didn't get big headlines, the demise of the petrodollar could mean big trouble for a U.S. government that depends on dollar dominance to support its borrowing and spending. "Petrodollar" refers to the dollar's role in crude...

Singapore Set to Be World’s Gold Hub as Gold Shifts from West to East

(Mike Maharrey, Money Metals News Service) Singapore is set to usurp London and New York as the world’s gold hub as the yellow metal shifts from West to East. According to the World Gold Council head of Asia-Pacific and global head of central banks Shaokai Fan, the “center of gravity”...

Federal Reserve Monetary Policy: Speculation and Wild Guesses

(Mike Maharrey, Money Metals News Service) It's almost as if the central bankers at the Federal Reserve are throwing darts at the wall to determine the trajectory of monetary policy. And I'm not convinced there is even a dartboard on the wall. And yet, people keep selling gold and silver based...

Biden Picks Successor for FDIC Chair Who Resigned Due to Toxic Workplace

(Headline USA) President Joe Biden will nominate Christy Goldsmith Romero to replace Martin Gruenberg as head of the Federal Deposit Insurance Corporation. The announcement from the White House on Thursday came after Gruenberg’s tenure became marred by allegations of workplace abuse that led to him to resign. A longtime financial regulator,...

Musk Wins Sharholder Approval for $44.9B Tesla Stock Package Blocked by Delaware Judge

(Headline USA) Tesla shareholders voted Thursday to restore CEO Elon Musk's record $44.9 billion pay package that was thrown out by a Delaware judge earlier this year, sending a strong vote of confidence in his leadership of the world's largest electric vehicle maker. The ruling (along with a subsequent X...

Fed Now Envisions Just One Rate Cut This Year as Bidenflation Persists Above Expectations

(Headline USA) Federal Reserve officials signaled Wednesday that they expected to cut their benchmark interest rate just once this year due to the ongoing scourge of Bidenflation, which has yet to come anywhere close to reaching its target level at around 2%. The policymakers' forecast for one rate cut was...

Trump Floats Eliminating U.S. Income Tax in Meeting w/ Congressional Republicans

(Headline USA) Former President Donald Trump reportedly suggested to congressional Republicans this week that one of his legislative priorities would be eliminating the U.S. income tax if he wins the White House in November. The presumptive GOP presidential nominee brought up the proposal during his meeting with GOP lawmakers on Capitol...

Inflation Is Dead! Or Is It?

(Mike Maharrey, Money Metals News Service) Strike up the band and wave the victory banners! Inflation is dead! Or is it? The May Consumer Price Index (CPI) report was cause for optimism. But price inflation is like that stubborn weed in the driveway. Just when you think you’ve killed it...

China’s Top Drone Manufacturer Hires Texas Company to Avoid Bans

(Dmytro “Henry” Aleksandrov, Headline USA) To avoid losing a 58% share of the domestic commercial drone market if the U.S. House passes Rep. Elise Stefanik’s, R-N.Y., Countering CCP Drones Act, China's Da-Jiang Innovations Science & Technology Co. (DJI) decided to cooperate with a company in Texas as a way...

Tractor Supply Accused of Going Woke to Celebrate ‘Pride’ Month

(Molly Bruns, Headline USA) Outdoor retail outlet Tractor Supply allegedly went woke this "Pride" month, providing their employees with documents encouraging child sex changes, linking to the Trevor Project and forcing trainings focused on LGBT issues. https://twitter.com/robbystarbuck/status/1800232784549560482/ The company promoted a training campaign called "You Belong Out Here LGBTQ+," according to investigative...

Troubled Kids Kept in Federally Funded ‘Warehouses of Neglect,’ Senate Probe Finds

(Ken Silva, Headline USA) The Senate Finance Committee released on Wednesday a report revealing systemic taxpayer-funded child abuse and neglect in youth residential treatment facilities, which are intended to provide temporary care for children with acute behavioral health needs. The Senate committee also held a hearing over the matter on Wednesday. https://twitter.com/SenateFinance/status/1800891012912443563 The...
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