Thursday, May 29, 2025

FINANCE

Come On Moody’s, Tell Us Something We Didn’t Know!

(Mike Maharrey, Money Metals News Service) The most surprising thing about Moody’s downgrade of the U.S. government’s credit rating was that so many people seemed surprised. The reaction should have been, “Tell us something we didn’t already know!” Last Friday, Moody’s cut Uncle Sam’s credit rating by one notch, from...

Senate Report: Health Agencies Hid COVID Jab’s Risk of Myocarditis

(José Niño, Headline USA) A new Senate report alleges federal health agencies delayed warning the public about myocarditis risks linked to mRNA COVID-19 vaccines. On Wednesday, Sen. Ron Johnson, R-WI, chairman of the Senate’s Permanent Subcommittee on Investigations, released a major interim staff report and convened a high-profile hearing to...

Gold Correction?

(Brien Lundin, Money Metals News Service) Gold remains firmly in correction mode — even I will readily agree with that. But one of the most interesting things about this bull market is that, for it at least, the word “correction” has taken on a new meaning. As you can see below,...

Pentagon Credit Cards Used on Gambling, Weed, and Other Dubious Charges

(José Niño, Headline USA) Republican lawmakers are seeking a deeper investigation into fraudulent Pentagon expenditures after the Department of Defense Inspector General released a report in January, finding that officials have failed to properly monitor and review thousands of high-risk transactions made with government-issued travel cards.  https://twitter.com/GOPoversight/status/1924532529748467927 The audit revealed that...

U.S. House Passes Trump-Endorsed Budget Reconciliation Bill

(Thérèse Boudreaux, The Center Square) Republicans in the U.S. House Thursday morning passed the multi-trillion dollar budget reconciliation bill after more than a day of debate in committee before reaching the full House floor. The vote in the House was razor thin, 215-214, with two Republicans joining all Democrats in...

WaPo Tries to Blame DOGE for Bureaucrats’ Pre-Existing Mental Health Woes

(Luis Cornelio, Headline USA) The leftist Washington Post claimed Wednesday that President Donald Trump’s Department of Government Efficiency's spending cuts drove dozens of bureaucrats to “panic attacks,” “depression” and even “suicidal thoughts.” However, their own reporting undercuts that narrative.  In its puff piece, The Post highlighted 30 current and former federal workers...

Chinese Gold Imports Surge as Demand Continues to Grow

(Mike Maharrey, Money Metals News Service) Chinese gold imports hit an 11-month high in April as prices continued to surge to record levels. According to the latest customs data reported by Bloomberg, gold imports reached 127.5 tonnes, a 73 percent increase from the prior month. This comes in the wake of the People's...

U.S. Market Helping Drive Silver Jewelry Demand Higher

(Mike Maharrey, Money Metals News Service) Silver jewelry demand is on the rise globally, another factor pushing the silver market to its fourth straight supply deficit in 2024. The U.S. market is playing an important role in this trend. Industrial silver demand set a record last year, but despite the increase in...

Fiat vs. Sound Money: Why Gold Still Matters in a World of Paper Currency

(Money Metals News Service) In this week’s episode of the Money Metals Midweek Memo, host Mike Maharrey delivers a compelling explanation of what money really is—and why sound money, such as gold and silver, remains the superior store of value compared to fiat currency issued by governments. What Money Really Is Most people think of...

Pentagon Accepts Boeing 747 from Qatar for Trump’s Use

(Headline USA) Defense Secretary Pete Hegseth has accepted a gifted Boeing 747 aircraft from Qatar for President Donald Trump to use as Air Force One, the Pentagon said Wednesday. The Defense Department will “work to ensure proper security measures” on the aircraft to make it safe for use by the president,...

Foreigner Extradited to America and Sentenced for USAID Fraud in Pakistan

(Ken Silva, Headline USA) The Justice Department announced Monday that Stephen Paul Edmund Sutton, 53, a United Kingdom citizen, pleaded guilty and was sentenced for his participation in a fraud scheme. Sutton is presumably already back on a plane to the UK. He was extradited to the U.S. and sentenced...

FDA No Longer Recommends COVID Vaccine for Healthy Babies

(Headline USA) The U.S. government no longer recommends the COVID-19 vaccine for healthy babies thanks to new guidelines from the Trump administration, which said Tuesday it will limit approval for seasonal COVID-19 shots to seniors and others at high risk pending more data on everyone else. Top officials for the Food...
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