Friday, September 5, 2025

FINANCE

Tulsi Gabbard to Cut $700M from ODNI after Exposing Obama-Era Corruption

(Luis Cornelio, Headline USA) After releasing bombshell evidence of misconduct in the intelligence community, Director of National Intelligence Tulsi Gabbard announced a sweeping plan to strip down and rebuild the agency. Gabbard said Wednesday the Trump administration is launching “ODNI 2.0” to slash staff by 40 percent and save tax payers...

Report: Eric Adams Once Handed a Reporter a Potato Chip Bag w/ Cash Inside

(Headline USA) A longtime adviser to New York City Mayor Eric Adams who resigned from his administration while under FBI scrutiny gave a reporter a potato chip bag filled with cash Wednesday following a campaign event, a gift her lawyer later insisted wasn’t an attempted bribe. The local news site The...

Inflation, Currency Debasement, and the Illusion of Stability

(Money Metals News Service) In this week’s episode of the Money Metals Midweek Memo, host Mike Maharrey explored the parallels between Iran’s recent currency redenomination and the United States’ long history of monetary debasement. The discussion connected historic and current events to show how inflation is not only persistent but...

Dem. Leader w/ Record of Stock-Market Success Bets Big on Israeli 3-D Printing

(Ben Sellers, Headline USA) A recent analyst downgrade that sent stock Stratasys tumbling did not deter Rep. Debbie Wasserman Schultz, D-Fla., from buying the dip on the Israeli 3-D printing manufacturer. Given the Florida lawmaker’s role as ranking member of the military construction subcommittee of the House Appropriations Committee, that...

Central Banks Do Not Prevent Financial Crises or Control Inflation

(Daniel Lacalle, Money Metals News Service) Central banks have become the dominating force in financial markets. Easing and tightening decisions move all assets from bonds to private equity. Their role is supposed to be to control inflation, provide price stability, and ensure normal market functions. However, there is little evidence of...

Tech Giants Face Scrutiny Over Suspicious H-1B Job Advertisement Practices

(José Niño, Headline USA) Critics are questioning whether some of the nation’s largest tech companies are using newspaper job advertisements to circumvent federal requirements designed to protect American workers in the immigration process. The controversy centers on classified advertisements placed in the San Francisco Chronicle and other newspapers as part...

Data Discrepancy Highlights Difficulty of Tracking Chinese Gold Reserves

(Mike Maharrey, Money Metals News Service) According to Canadian customs data, coal, canola, and petroleum rank as the country’s top exports to China. But Chinese records tell a different story. Based on China’s data, gold is the top Canadian import. This discrepancy underscores the difficulty in tracking Chinese gold reserves. Based...

Iran’s Proposed Inflation Fix Is as Old as Time

(Mike Maharrey, Money Metals News Service) Iran has found a solution to its inflation problem. Just lop some zeros off the currency. A parliamentary economics committee recently approved a bill to re-denominate the rial. The new currency would retain the name, but one new rial would equal 10,000 old rials. Imagine...

Republicans Respond to Data Showing 10M Will Soon Lose Medicaid Coverage

(Thérèse Boudreaux, The Center Square) Democrats are sounding the alarm over a new analysis showing that the One Big Beautiful Bill Act will cause millions of Medicaid recipients to lose their current coverage. According to the Congressional Budget Office’s newest estimate, Medicaid reforms in the One Big Beautiful Bill Act...

Planned Restart of California Oil Production Faces Legal Challenges

(Alton Wallace, The Center Square) Oil and gas production resumed on May 15 that had been out of service for 10 years after an oil spill off the California coast, with the restart of the Santa Ynez Unit in the Santa Barbara Channel expected to boost U.S. energy supplies...

FUNNY MONEY: Gold Revaluation, Bitcoin Reserve, and Other Shell Games

(Clint Siegner, Money Metals News Service) Rumors of gold revaluation have been in the news lately. One thing is clear. Politicians have no interest in using the nation’s gold reserves for anything like the original purpose. Americans get smoke and mirrors instead. Officials may like to point to the large reserves and...

Bolivia Uses Gold to Prop Up Its Finances

(Mike Maharrey, Money Metals News Service) The Bolivian government is using gold to maintain the country's solvency. Large amounts of dollar-denominated debt burden Bolivia, and the country owns the lowest credit rating of any Latin American country, according to S&P Global. The country’s debt is rated Ca, defined as “likely...
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