Wednesday, October 22, 2025

FINANCE

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...

Silver’s Bull Market Has Officially Begun

(Jesse Colombo, Money Metals News Service) Silver has officially broken out in a big way, kicking off its bull market. Multiple confirmations I was watching for have now been fulfilled, and silver still has plenty of fuel left in the tank. While gold soared over the past year, silver lagged...

Jamie Dimon Warns Trump on Federal Reserve Independence

(Brett Rowland, The Center Square) JPMorgan Chase boss Jamie Dimon warned President Donald Trump on Tuesday about attacks against Federal Reserve Chairman Jerome Powell, noting the importance of the Fed's independence. "Playing around with the Fed could have adverse consequences, the absolute opposite of what you might be hoping for,"...

The Myth of Fed Independence

(Peter St Onge, Money Metals News Service) Donald Trump is threatening to replace Jerome Powell -- or even appoint himself Fed chair. So it's a fruitful moment to ask: Should central banks be independent? More importantly, can they be independent? Or will a central bank inevitably serve their banking masters and the permanent bureaucracy...

Price Inflation Heating Up Based on June CPI

(Mike Maharrey, Money Metals News Service) Based on the latest Consumer Price Index (CPI) data, prices showed signs of creeping higher in June. However, there were enough dovish points in the data to support those pushing for looser monetary policy. The headline annual CPI spiked from 2.4 percent in May...

Senate NDAA Would Add $32 Billion to Trump’s $1 Trillion 2026 Military Budget

(Dave DeCamp, Antiwar.com) The Senate Armed Services Committee (SASC) has approved its version of the 2026 National Defense Authorization Act (NDAA), which would add approximately $32 billion to President Trump’s planned military budget of $1.01 trillion. The SASC’s NDAA would provide $924.7 billion in military spending, including $878.7 billion for the...

Indian Investors Flocking to Silver

(Mike Maharrey, Money Metals News Service) There’s a silver rush in India. Indians are known for stockpiling gold, but they are increasingly turning to silver as the price has pushed to 14-year highs. In rupee terms, silver set a record of ₹114,875 per kilogram (around $41/ounce). A silver production shortfall in...

Precious Metals Outlook: How Will 2025’s Second Half Compare to the First?

(Clint Siegner, Money Metals News Service) Gold and silver prices outperformed nearly every asset class in the first half of the year. Geopolitical uncertainty, a weaker U.S. dollar, the threat of tariffs, central bank gold buying, and silver inventory scarcity all contributed to stellar performance. Since mid-April, however, prices have...

U.S. Government Runs Surprise Surplus in June But Spending Problem Persists

(Mike Maharrey, Money Metals News Service) The federal government ran a surprise budget surplus in June. However, calendar effects papered over the continued spending problem in Washington, D.C. The Treasury Department reported a surplus of $27 billion. A surge in tariff receipts drove revenue significantly higher, and the fact that June...

Silver Investment Surges During First Half of 2025

(Mike Maharrey, Money Metals News Service) Through the first half of 2025, inflows of silver into ETFs eclipsed the total for the entirety of 2024, reflecting a surge of silver investment demand. The average annual price of silver rose 25 percent in H1. That was comparable to the 26 percent gain charted by...

Rep. Massie Raises Big Bucks after Trump Attack

(Headline USA) Rep. Thomas Massie has stockpiled more than $1.7 million for his re-election bid as the Kentucky Republican gears up to face President Donald Trump's vaunted political operation, Massie's campaign announced Monday. Massie was one of two House Republicans to vote against Trump's massive tax bill and he said Trump...

China, Canada Lead Spending Spree on U.S. Real Estate, Report Finds

(Brett Rowland, The Center Square) China and Canada led the ranks of foreign buyers snapping up U.S. homes, according to a new report. Foreigners bought $56 billion worth of existing U.S. homes from April 2024 through March 2025, according to the National Association of Realtors 2025 International Transactions in U.S....
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