Tuesday, July 1, 2025

FINANCE

Why Rising Shipping Costs Won’t Cause Inflation

(Mike Maharrey, Money Metals News Service) Defining inflation as "rising prices" creates all kinds of confusion. As I explained in-depth, historically, inflation meant an increase in the amount of money and credit in the economy, or more succinctly, an expansion in the money supply. Rising consumer prices - price...

Leaked Letters Expose Biden’s Attempts to Conceal Hur Findings

(Luis Cornelio, Headline USA) Leaked letters appear to confirm earlier revelations that the White House carried out multiple attempts to interfere in the damning release of Special Counsel Robert Hur’s final report that delved into President Joe Biden’s mishandling of classified documents, multiple outlets reported on Thursday. A day before the release of the...

The Fed Hasn’t Done Enough to Beat Price Inflation

(Mike Maharrey, Money Metals News Service) Price inflation was supposed to be dead and buried months ago. But it’s doing just fine, thank you very much. The January Consumer Price Index report makes that pretty clear. Sure, the Federal Reserve managed to knock inflation down. But it was never out....

Dem. Rep. Wants $50 Minimum Wage in California as Consumers Pay Toll

(Jacob Bruns, Headline USA) At a Monday night debate in California, candidates for the United States Senate vied for the support of voters. One candidate in particular, Rep. Barbara Lee, D-Calif., floated the idea of raising the state's minimum wage to $50 per hour, Fox News reported. According to Lee, such...

WATCH: Hunt Bros. Floor Trader Discusses Epic 1980 Silver Squeeze

(Money Metals News Service) The story of the Hunt brothers and their attempt to "corner the silver market" in 1979 and 1980 is a classic example of speculative investment, market manipulation, and government intervention on a grand scale. Peter Thomas was present on the trading floor during this period and...

The Fed Is Between a Rock and a Hard Place

(Mike Maharrey, Money Metals News Service) The Federal Reserve is between a rock and a hard place. It needs to cut interest rates because this debt-riddled economy simply can’t function in a high-rate environment. But the Fed can’t plausibly cut rates with price inflation still far above its target.  As...

MAHARREY: Federal Gov’t Runs Another Deficit, Despite Record Revenue

(Mike Maharrey, Money Metals News Service) The federal government's budget deficit was “only” $21.93 billion in January. That was a significant improvement over the $129 billion shortfall recorded in December. But don’t throw the confetti. The smaller deficit was primarily due to increased government receipts thanks to a big drop in...

Zimbabwe Floats the Idea of Putting Its Currency on a Gold Standard

(Mike Maharrey, Money Metals News Service) Could arguably the world’s worst currency become its best? If Zimbabwe follows through and embraces a plan to back the Zimbabwe dollar with gold, it just might. Last week, Zimbabwe President Emmerson Mnangagwa said officials were exploring ways to introduce a "structured currency,” but he...

Utah Legislature Passes Bill to Create Roadblocks for ‘Digital Currency’

(Mike Maharrey, Money Metals News Service) The Utah legislature overwhelmingly approved a bill that would expressly exclude a central bank digital currency (CBDC) from the state’s definition of money, creating potentially significant roadblocks to its use as such in the state. Rep. Tyler Clancy was the primary sponsor of HB164. Sen....

Russia Turns to Gold to Raise Cash and Skirt Economic Sanctions

(Mike Maharrey, Money Metals News Service) Russia has reportedly used gold to evade currency restrictions put in place as part of economic sanctions levied in the wake of the invasion of Ukraine. Under the sanction regime, Russian banks are prohibited from importing dollars or euros into the country. The ban...

Google Rebrands Its AI as Gemini, Launches New App and Subscriptions

(Headline USA) Google on Thursday introduced a free artificial intelligence app that will enable people to rely on technology instead of their own brains to write, interpret what they're reading and deal with a variety of other task in their lives. With the advent of the Gemini app---named after an...

Fed Fears Bank Runs Triggered by Social Media

(Mike Gleason, Money Metals News Service) As Federal Reserve chairman Jay Powell expresses indecision over interest rates, metals markets are also exhibiting uncertainty. Gold continues to hold up relatively well, but none of the precious metals are showing signs that they are quite ready yet to launch higher. Mainstream investor sentiment...
- Advertisement -
- Advertisement -

Most Read

- Advertisement -
- Advertisement -