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Monday, March 10, 2025

FINANCE

Why Inflation and “Real Interest” Rates Are Bullish for Gold

(Mike Maharrey, Money Metals News Service) It’s clear that the Federal Reserve hasn’t won the inflation fight. With the CPI trending higher for four straight months, the markets aren’t pricing in another interest rate cut until September. Isn’t a “higher for longer” interest rate environment bearish for gold? The short answer is no...

Trump’s HHS Purge Begins w/ More than 5,000 Jobs on the Chopping Block

(Headline USA) The Trump administration’s effort to slash the size of the federal workforce reached the Food and Drug Administration this weekend, as recently hired employees were fired. Probationary employees across the FDA received notices Saturday evening that their jobs were being eliminated, according to three FDA staffers who spoke to...

Fiscal Hawks: House Budget Plan Could Add $25 TRILLION in Debt over Next Decade

(The Center Square) House leaders have praised their early work on crafting a budget, but outside groups estimate the spending plan could add $25 trillion to the national debt over the next decade. Part of the disconnect is the extension of the 2017 Tax Cuts and Jobs Acts, which Republicans...

Trump: Military Spending Could Be Cut in Half; No Reason to Build New Nuclear Weapons

(Dave DeCamp, Antiwar.com) President Trump told reporters on Thursday that he believes US military spending could eventually be cut in half and that he wants to pursue the idea as part of an agreement with Russia and China. He also said there was no reason to build new nuclear weapons. “At some...

Treasury Dept. Inspector General Begins Audit of Musk’s Payroll Access

(Headline USA) The Treasury Department's Office of Inspector General on Friday said it was launching an audit of the security controls for the federal government's payment system, after Democratic senators whined about the access provided to Trump aide Elon Musk's Department of Government Efficiency team. The audit will also review the...

House Passes $4.5B Budget ‘Blueprint’ for America First Agenda, but Senate May Resist

(Thérèse Boudreaux, The Center Square) Following more than 10 hours of discussion, the House Budget Committee voted along party lines Thursday night to advance a $4.5 trillion budget resolution that lays out funding plans for President Donald Trump’s border, defense, and energy policies. It also extends Trump’s 2017 tax cut...

Pritzker Flops in Sad Attempt to Downplay Trump’s Surging Approval Rating

(Kevin Bessler, The Center Square) Illinois's far-left billionaire Gov. J.B. Pritzker attempted to put down President Donald Trump by noting that his popularity, now reaching new heights for his presidency, had yet to take root in his state. “You can look at one poll and say ‘oh gee, he’s popular...

Survey: 7 in 10 Say U.S. Gov’t Spends Too Much on Foreign Aid

(Headline USA) A series of polls by the Associated Press--NORC Center for Public Affairs Research gave a new boost to President Donald Trump, with some 70% getting behind his "America First" agenda. Many U.S. adults said the federal government had been overspending—but polling also showed that many Americans, including Republicans,...

How the U.S. Treasury Can Cash In Big Using Its Gold Revaluation Account

(Jan Nieuwenhuijs, Money Metals News Service) The U.S. Treasury can draw up to $700 billion in new funding from its gold revaluation account at the Federal Reserve. And the Treasury could invest this “new money” in a sovereign wealth fund (increasing the money supply by an equal amount). Using its...

Feds Run Record Budget Deficit Through First Four Months of Fiscal 2025

(Mike Maharrey, Money Metals News Service) DOGE has got its work cut out for it. Even as the new Department of Government Efficiency ferrets out wasteful spending, the constant budget deficits serve as a sobering reminder of just how much the federal government overspends month after month. The January budget...

Industry and Tech Demand for Gold Charted Healthy Increase in 2024

(Mike Maharrey, Money Metals News Service) Fundamentally, gold is money, but it is also an extremely useful metal, especially in tech applications. Demand for gold in industry and tech was up 7 percent in 2024, driven by growth in the electronics and computing sectors. Industry and technology used 326 tons of...

Judge Rules That Labor Unions Lack Standing to Block Trump’s Swamp-Draining Efforts

(Headline USA) A federal judge on Wednesday removed a key legal hurdle on Wednesday that was stalling President Donald Trump’s plan to downsize the federal workforce with a deferred resignation program. U.S. District Judge George O’Toole Jr.'s order in the challenge filed by a group of labor unions was a...
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