Saturday, June 14, 2025

FINANCE

Consumer Debt Unexpectedly Surged in April

(Mike Maharrey, Money Metals News Service) Consumer borrowing unexpectedly surged in April as Americans tried to get ahead of potential price increases due to tariffs. This reversed a trend of declining consumer borrowing since the beginning of the year. Total consumer debt swelled by $17.9 billion in April, a 4.3...

Gold’s Current Consolidation: Driven by Tariffs and Global Uncertainty

(Money Metals News Service) On the latest Money Metals podcast, host Mike Maharrey welcomed Michael Pento, founder of Pento Portfolio Strategies, for an in-depth look at the gold market and broader financial trends. Michael Pento believes gold is in a clear consolidation phase after hitting a record $3,500 per ounce in mid-April. “The rally was...

Biden-Era Grant Funds LA Immigration Protesters

(Kenneth Schrupp, The Center Square) Los Angeles faced a day of riots Friday and Saturday after a new wave of federal Immigrations and Customs Enforcement operations, resulting in violence and the deployment of riot police. Videos show rioters using hammers to break off concrete from nearby structures to create projectiles...

Report: Drugged-Up Elon Musk Tried to Tackle Treasury Secretary in the White House

(Luis Cornelio, Headline USA) New reporting has shed light on President Donald Trump’s decision to oust Elon Musk from the White House, including an alleged physical altercation between the tech mogul and Treasury Secretary Scott Bessent.  Following a meeting in the Oval Office about who should lead the IRS, Musk rammed his shoulder...

Newsom Tells His State’s Citizens to Not Pay Their Taxes

(Luis Cornelio, Headline USA) California Gov. Gavin Newsom suggested on Friday that his state may refuse to pay federal taxes in retaliation for President Donald Trump’s threats to slash funding for the Golden State.  “Californians pay the bills for the federal government. We pay over $80 BILLION more in taxes than...

Members of Congress Introduce Comprehensive U.S. Gold Audit Legislation

(Sound Money Defense League, Money Metals News Service) As U.S. debt soars and foreign central banks stockpile gold, four members of Congress today introduced a bill to require the first comprehensive audit of America’s gold reserve in decades. Sponsored by Reps. Thomas Massie (R-KY), Troy Nehls (R-TX), Addison McDowell (R-NC),...

A Chinese Self-Driving Car Company Stole a Massive Trove of U.S. Data

(José Niño, Headline USA) The Trump administration is rethinking how it deals with Chinese-linked tech firms after a short-lived self-driving truck company was found to have stolen a vast trove of U.S. intellectual property.  Founded in 2015 by Chinese entrepreneurs and backed by Chinese capital, TuSimple was once hailed as...

Silver Is Breaking Out—Here’s What You Need to Know

(Jesse Colombo, Money Metals News Service) Silver futures have broken out, delivering a strong bullish signal—but I’m still looking for additional confirmation to strengthen the case. I’ve been consistently bullish on silver and have been pointing out the key signals to watch for a breakout from its prolonged consolidation of the...

Gold ETF Momentum Eased in May With Modest Outflows

(Mike Maharrey, Money Metals News Service) For the first time in five months, gold-backed ETFs globally reported modest outflows in May as investors took profits. After charting the largest inflows of gold since August 2022 in April, gold-backed ETFs globally reported modest outflows of 19 tonnes totaling $1.8 billion last...

Several African Central Banks Announce Plans to Expand Gold Reserves

(Mike Maharrey, Money Metals News Service) Central banks have been aggressively adding gold to their reserves over the last three years, and several African banks are poised to join the party. On net, central banks officially increased their gold holdings by 1,044.6 tonnes in 2024. It was the 15th consecutive...

From Enron to Big Brother: Accenture’s Secret Rise Exposed

(José Niño, Headline USA) Accenture, the world’s largest consulting firm, has quietly become a driving force behind the rise of global surveillance and algorithmic policing—growing from the 59th largest U.S. government contractor to the 8th largest in about two decades. A new investigation published last month by Reactionary International,...

Audit: Fraudsters Stole $79B COVID-19 Aid Using False Social Security Numbers

(Thérèse Boudreaux, The Center Square) A federal committee tasked with tracking pandemic assistance fraud found that the Small Business Administration and the Department of Labor together disbursed nearly $80 billion to potential fraudsters. In total, the federal government spent over $4.6 trillion on all COVID-19 relief programs. The SBA received...
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