Monday, June 30, 2025

FINANCE

Bitcoin Briefly Hits All-Time High, Less than 2 Yrs after FTX Scandal

(Headline USA) Bitcoin has hit an all-time high less than two years after the collapse of the crypto exchange FTX severely damaged faith in digital currencies and sent prices plunging. The world's largest cryptocurrency jumped 4% this week and briefly surpassed $68,800 Tuesday, according to CoinMarketCap. That's just above bitcoin's previous record set in November...

MAHARREY: Is the U.S. Playing With Fire Using the Dollar as a Foreign Policy Weapon?

(Mike Maharrey, Money Metals News Service) The United States has weaponized the dollar, leveraging it to achieve foreign policy objectives. But is the U.S. playing with fire? Is it setting itself up for significant blowback? In this episode of the Money Metals' Midweek Memo, host Mike Maharrey explains how...

Fed Admits It Was Wrong – Kind Of

(Thomas L. Hogan, Money Metals News Service) During the pandemic recovery, inflation reached the highest rates in 40 years, largely driven by the Federal Reserve’s excessive monetary policy. The Fed got “behind the curve” by not raising its interest rate target fast enough, even once it became apparent its...

House Seeks Records from GoFundMe about Surveillance of ‘MAGA’

(Ken Silva, Headline USA) House Judiciary Chairman Jim Jordan, R-Ohio, sent a letter Tuesday to GoFundMe CEO Tim Cadogan, seeking information on whether his company participated in the surveillance of Jan. 6, 2021, Capitol Hill protestors. Jordan’s letter comes amidst a House Judiciary investigation into corporations and government agencies from...

Wall Street Firms, Woke Corporations Abandon DEI amid Lawsuit Panic

(Molly Bruns, Headline USA) Facing mounting concerns over the threat of lawsuits, several major financial firms on Wall Street, as well as other top companies, have started rolling back their diversity, equity and inclusion practices---welcoming white, male employees and others who had previously been excluded, according to Bloomberg. Reports indicated that...

Biden Threat to Seize Russian Assets Sends Gold to All-Time Highs

(Mike Maharrey, Money Metals News Service) The United States enjoys the privilege of issuing the world's reserve currency. But it increasingly uses that privilege as a hammer to shape foreign policy. Could Americans end up feeling the blows from that hammer? Economist Jim Rickards, the author of Currency Wars, said he...

Fed Pressured to Cut Rates as Key Indicator Signals ‘Recession Ahead’

(Stefan Gleason, Money Metals News Service) The mainstream financial media is reporting that inflation is coming down. It’s not coming down to the Federal Reserve’s supposed 2% target – let alone low enough to cease being a persistent problem for millions of families. Nor is it even clear that the...

Gold Futures Close at Record High

(Mike Maharrey, Money Metals News Service) Gold future prices closed at a record high level on Friday with renewed hope that the Federal Reserve will begin easing off interest rates sooner rather than later. Gold for April delivery rose by $41 on Friday, a 2 percent gain, settling at $2095.70....

Silver Demand at Near-Record Levels and Other Silver News

(Mike Maharrey, Money Metals News Service) Silver demand is expected to hit 1.2 billion ounces this year. That would rank as the second-highest annual silver demand on record. Record industrial demand for silver is expected to drive overall silver offtake this year, according to an article in the latest edition...

U.S. Adding $1 Trillion in Debt Every 3 Months Since Last June

(Bethany Blankley, The Center Square) The U.S. began adding $1 trillion worth of debt about every three months beginning last June, a Bank of America investment strategist Michael Hartnett first pointed out in an investment note published last week. The national debt is currently $34.48 trillion and rising. It surpassed...

More Inflationary Woes: In One Year, Car Insurance Rates Surge 26%

(Bethany Blankley, The Center Square) Car insurance rates surged 26% nationwide in the past year and are expected to remain elevated until 2025. That's according to the “True Cost of Auto Insurance” report from Bankrate, an independent comparison service company. The report used the most recent median income data from the...

Apple Won’t Be Making Electric Cars

(Dmytro “Henry” Aleksandrov, Headline USA) Apple recently revealed that it ended its decade-long pursuit to enter the electric vehicle market after wasting billions of dollars. One of the reasons why Apple pulled the plug was that the company was spending a lot of money while trying to catch up to Elon...
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