Monday, August 25, 2025

FINANCE

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...

Newsom’s Luxury Restaurant Pays Employees Far Under New State Minimum Wage

(Headline USA) A restaurant partially owned by California Gov. Gavin Newsom is reportedly paying its employees $16 per hour—$4 less than what a new state minimum-wage law requires for major food chains. PlumpJack Cafe, in the Olympic Valley ski resort near Lake Tahoe, posted a job listing this week for...

6 States Report Spread of ‘Super Bird Flu’ to Cows; Human Case Emerges

(Jacob Bruns, Headline USA) A new livestock-borne virus that has contributed to the surging prices of chicken and eggs, forcing Chick-fil-A to backtrack on its longstanding policy against the use of antibiotics, may now be threatening cows and even humans, raising anxieties about potential food shortages, another pandemic or...

Gold Is Rallying Again, But Silver Could Get REALLY Interesting

(Mike Gleason, Money Metals News Service) Another week, another record high for gold. On Wednesday, the monetary metal surged above $2,300 per ounce. It took a bit of a breather Thursday ahead of today’s key employment report but it rallied again on Friday.   Turning to silver, it made a significant...

BRICS Alternative to the SWIFT System Could Accelerate De-Dollarization

(Mike Maharrey, Money Metals News Service) With Russia taking the lead, the BRICS bloc is talking about creating a new payment system that isn’t controlled by the United States and that is not dependent on the dollar. Such a system could accelerate de-dollarization. BRICS is an economic cooperation bloc originally made...

Healthy Central Bank Gold Buying Continued in February

(Mike Maharrey, Money Metals News Service) Central banks continued to add to their gold reserves in February, albeit at a slightly slower pace. On net, global central bank gold reserves increased by 19 tons in February with some selling pushing down that total. It was the ninth straight month of...

Fed Admits Losing $114 Billion

(Peter St. Onge, Money Metals News Service) The Federal Reserve just reported its largest loss in history. By far. But don't worry -- you'll be covering it. A few days ago the Fed announced its preliminary 2023 financial statements. Note these aren't audited results -- we have to take the...

Cash-Strapped NYC Plans to Charge Commuter Toll to Marathon Runners

(Headline USA) The New York City Marathon organizers will soon have to pay a bridge toll, just like every other commuter, if New York transit officials have their way. The Metropolitan Transportation Authority is demanding the New York Road Runners, organizers of the venerable race generally held the first Sunday of each...
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