Wednesday, July 23, 2025

FINANCE

Trump Administration Officially Defunds CA’s High Speed Rail

(Kenneth Schrupp, The Center Square)  The Trump administration officially terminated its funding of California’s 171-mile high speed rail segment in the state’s more sparsely populated Central Valley, citing an inability to complete the project by the 2033 deadline. The administration also noted there's no plan for closing a $7 billion funding gap...

Is Undisclosed Russian Silver Buying Driving the Price Higher?

(Mike Maharrey, Money Metals News Service) Are undeclared silver purchases by the Russian government boosting the price of silver? There is some anecdotal evidence that they are. Silver is up nearly 28 percent this year. It briefly traded above $39 an ounce earlier this week. Silver has been set up for a rally...

Central Banks Buying More Domestically Produced Gold

(Mike Maharrey, Money Metals News Service) As central banks scramble to increase their gold reserves, many are turning to domestic mine production to save money, support local industry, and expand their reserves. Central banks have increased their gold holdings by over 1,000 tonnes for three straight years. To put that...

Huckabee Visits Netanyahu’s Corruption Trial in Strong Show of Support

(Dave DeCamp, Antiwar.com) US Ambassador to Israel Mike Huckabee on Wednesday made an appearance at Israeli Prime Minister Benjamin Netanyahu’s corruption trial in a highly unusual move and a strong show of support for the Israeli leader. The Israeli newspaper Haaretz, which is very critical of Netanyahu, described Huckabee’s visit to...

CPI Confusion, Fed Caution, and the Case for Silver: Inflation Is Alive and Well

(Money Metals News Service) In the latest Money Metals Midweek Memo, host Mike Maharrey delivered sharp commentary on June’s Consumer Price Index (CPI) report, clarified the difference between price and monetary inflation, and laid out a powerful argument for silver. With inflationary forces still quietly building and the Federal Reserve cornered on interest...

Elon Musk’s AI Bot ‘Grok’ is Now Working for the Pentagon

(José Niño, Headline USA) The Pentagon has finalized a $200 million contract with xAI, granting Elon Musk’s Grok chatbot a key role in the government’s sweeping artificial intelligence expansion. Under this agreement, Grok and related xAI technologies, including the latest Grok 4 model, will be accessible for purchase via the...

How Realistic Are Goldman & JPMorgan’s $4,000 Gold Targets?

(Jesse Colombo, Money Metals News Service) JPMorgan and Goldman Sachs’s $4,000 price targets are not only realistic but could even be achieved sooner than they expect. Despite gold’s strong price gains over the past fifteen months, Goldman Sachs on Monday reaffirmed its forecast for gold to reach $3,700 per ounce by the...

RFK Jr. and Other Trump Officials Embrace Psychedelics After FDA Setback

(Headline USA) For decades, proponents of psychedelic drugs have come to Washington with a provocative message: Illegal, mind-altering substances like LSD and ecstasy should be approved for Americans grappling with depression, trauma and other hard-to-treat conditions. A presidential administration finally seems to agree. “This line of therapeutics has tremendous advantage if given in a clinical setting and...

Meta CEO Mark Zuckerberg Expected to Testify in $8 Billion Facebook Privacy Lawsuit

(Headline USA) A $8 billion class action investors’ lawsuit against Meta CEO Mark Zuckerberg and company leaders — current and former — begins Wednesday, with claims stemming from the 2018 privacy scandal involving the Cambridge Analytica political consulting firm. Investors allege in their lawsuit that Meta did not fully disclose the risks that Facebook users’...

Sen. Adam Schiff Referred to DOJ for Mortgage Fraud

(Luis Cornelio, Headline USA) Federal housing investigators have referred Sen. Adam Schiff, D-Calif., to the DOJ for a formal investigation after uncovering discrepancies tied to his claimed primary residence.    Fannie Mae’s financial crimes division found that Schiff and wife, Eve, engaged in a sustained pattern of possible occupancy misrepresentation” on...

DC Politician Wins Back Council Seat, Despite Facing Federal Charges

(Headline USA) A former D.C. Council member is returning to his seat, five months after he was kicked out for his involvement in a federal bribery investigation. Trayon White defeated three challengers in a special election Tuesday to fill the Ward 8 council seat that has been vacant since his expulsion...

Rep. Cory Mills Faces Eviction over $85K Rent Debt

(José Niño, Headline USA) Rep. Cory Mills, R-Fla. is facing eviction from his luxury Washington D.C. penthouse after months of unpaid rent totaling over $85,000, documents reveal. According to political reporter Roger Sollenberger, formerly of The Daily Beast, Mills “is being evicted for failure to pay months of rent at...
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