(Mike Maharrey, Money Metals News Service) Consumer borrowing cratered further in November, likely reflecting growing consumer stress, as price inflation persists and credit cards become maxed out.
That's bad news for a U.S. economy that depends on consumers buying stuff. Persistent price inflation forced Americans to blow through their savings...
(Mike Maharrey, Money Metals News Service) Despite the influx of tariff revenue, the federal government continues to run a massive budget deficit.
The December budget shortfall came in at $144.75 billion, a record for the month. That was 68 percent higher than December 2024.
However, looking at just one month gives...
(Mike Maharrey, Money Metals News Service) The impact of Chinese silver export rules won’t be as significant as many initially thought.
Last week, I reported that China was attempting to control the silver market using more restrictive export rules and that it could exacerbate global silver shortages. China has used a similar...
(Jared Strong, The Center Square) In an attempt to distance themselves from the Feeding Our Future fraud, Minnesota politicians vowed to return their tainted donations, but an investigation by The Center Square found that some did not follow through with their promises.
Others, including the state's Attorney General Keith Ellison...
(Mark E. Johnson, Contributor) Since Colorado and Washington became the first of 25 states to date to allow the sale of cannabis, tax collections on recreational marijuana have been a boon for state treasuries, reports The Motley Fool.
California alone now rakes in more than $1 billion per year in...
(Money Metals News Service) In a recent episode of Money Metals' Midweek Memo podcast, host Mike Maharrey argues that the most important economic warnings rarely arrive with flashing lights. They show up first in markets, and right now, he says, precious metals are doing the talking.
Maharrey opens by comparing...
(Dave DeCamp, Antiwar.com) Vice President JD Vance had to cast a tie-breaking vote in the Senate on Wednesday night to kill a Venezuela War Powers Resolution that sought to prevent another US attack on the country without congressional authorization.
The Senate was deadlocked at 50-50 on a point of order...
(Dave DeCamp, Antiwar.com) The US is pulling some troops from several of its bases in the Middle East, as European officials told Reuters on Wednesday evening that a US attack on Iran could come within the next 24 hours. The US pulled forces from bases in the region before...
(Brett Rowland, The Center Square) President Donald Trump's plans to acquire Greenland could cost U.S. taxpayers up front and over the long term.
Denmark's leaders have said the semi-autonomous Danish territory isn't for sale. So have Greenland's leaders, who depend on fishing and subsidies from Copenhagen. Denmark's central bank noted...
(Headline USA) The Gates Foundation announced Wednesday that it will spend a record $9 billion in 2026, maximizing its spending in key areas such as global health. At the same time it will begin reducing the number of staff positions it has by as much as 500 over five...
(J.D. Davidson, The Center Square) While fraud investigations surrounding millions of taxpayer dollars and day cares in Minnesota continue, the Trump administration ended temporary protection status for Somalis.
The status change is expected to impact the nearly 2,500 Somalis living in the United States under TPS and another 1,400 with...