Friday, June 12, 2026

FINANCE

Border Czar Tom Homan Floats Amnesty Idea before Backpedaling

(José Niño, Headline USA) Border czar Tom Homan has simultaneously floated legal status for some illegal immigrants while overseeing an aggressive deportation campaign that has detained nearly 300 DACA recipients since Donald Trump's second term began, creating widespread confusion about the administration's actual immigration endgame. Homan initially floated the possibility...

De-Dollarization Alert: Mozambique Considering Converting Dollar Debt to Yuan Debt

(Mike Maharrey, Money Metals News Service) Mozambique officials are considering converting $1.4 billion in debt it owes China into yuan loans as part of a debt restructuring plan. This is yet another sign of ongoing de-dollarization. A spokesperson from the country’s finance ministry hinted that the Chinese suggested the move. “In this specific...

Global ETF Gold Flows Flipped Back Positive in April

(Mike Maharrey, Money Metals News Service) After going negative in March after the outbreak of hostilities between the U.S. and Iran, flows of gold into ETFs flipped positive again in April, with all regions reporting inflows of metal. Net global ETF gold holdings increased by 45 tonnes, totaling $6.6 billion...

Federal Authorities Arrest 18 for Alleged Drug Distribution Around Los Angeles Park

(Headline USA) Federal authorities said they arrested 18 people Wednesday on charges related to selling illicit drugs including fentanyl and methamphetamine around a Los Angeles park. The area, called MacArthur Park, is a densely populated immigrant neighborhood west of downtown LA where federal immigration authorities and the National Guard made...

A Note a Former Cellmate Says he Found After Epstein’s Suspected Suicide Attempt is Released

(Headline USA) A note Jeffrey Epstein’s former cellmate claimed he found after the millionaire sex offender’s first suspected jail suicide attempt was made public Wednesday, years after being sealed and locked in a courthouse vault as part of an unrelated legal dispute. U.S. District Judge Kenneth Karas in White Plains,...

Democrats Call on Lutnick to Resign Over Epstein Ties

(Andrew Rice, The Center Square) Democrats in Congress on Wednesday renewed calls for U.S. Secretary of Commerce Howard Lutnick to resign after testifying about his ties to convicted sex offender Jeffrey Epstein. Lutnick spoke before lawmakers in the U.S. House Oversight Committee during a closed-door hearing. The commerce secretary has...

Texas Congressional Delegation Calls for Federal Investigation into H-1B Visa Fraud

(Bethany Blankley, The Center Square) U.S. Rep. Beth Van Duyne, R-TX, and her north Texas colleagues have called for a federal investigation into alleged H-1B visa fraud occurring in counties they represent. Similar to the alleged Somali welfare fraud in Minnesota and hospice fraud in Los Angeles, Van Duyne argues...

Gold Demand Up in Q1; Sets Record in Value Terms

(Mike Maharrey, Money Metals News Service) Gold demand was up 2 percent year-on-year in the first quarter, setting a record in value terms. Including over-the-counter (OTC) selling, gold demand came in at 1,231 tonnes. Volume growth, coupled with the surging gold price, drove a 74 percent jump in the value...

Government Red Tape Causing Gold Shortage in India

(Mike Maharrey, Money Metals News Service) Government red tape is creating havoc in India’s gold market. For the last five weeks, gold imports have virtually stopped. According to the Economic Times of India, this is pushing domestic gold prices higher and threatening shortages in the world’s second-largest gold market. The gold...

Mike Maharrey’s Money Metals Field Trip Reveals More Than Vaults and Bullion

(Money Metals News Service) In this episode of the Money Metals Midweek Memo, host Mike Maharrey reflects on a recent trip to Money Metals’ main facility and bullion depository in Eagle, Idaho. The visit was technically a work trip. Maharrey said the team filmed well over 100 marketing and social media videos. But...

FBI Searches Properties Tied to Virginia Senate Leader

(Shirleen Guerra, The Center Square) Federal agents executed court-authorized search warrants Wednesday at properties in Portsmouth tied to Virginia Senate President Pro Tempore Louise Lucas, according to the FBI. In a statement, the FBI confirmed it was conducting “court-authorized law enforcement activity” tied to an ongoing investigation in Portsmouth and...

CNN Founder Ted Turner Has Died at Age 87

(Headline USA) Ted Turner, the television pioneer who created a media empire and transformed the news business by creating CNN and introducing the 24-hour cable news cycle, died Wednesday. He was 87. He died surrounded by his family, according to Turner Enterprises, the company that oversees his vast businesses and...
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