Tuesday, July 8, 2025

FINANCE

Money Metals Midweek Memo: Silver’s Potential Amid Economic Shifts

(Money Metals News Service) In this week’s Money Metals Midweek Memo, host Mike Maharrey provides insightful commentary on the state of precious metals, the economy, and the importance of sound money in times of uncertainty.  As a hurricane threatens his Florida home, Mike emphasizes the critical need for physical money...

Sound Money Movement Chalks Up 7 State Legislative Victories in 2024

(Jp Cortez, Money Metals News Service) This year is shaping up to be one of the most legislatively successful in U.S. sound money history. Money Metals Exchange was instrumental in achieving six new sound money victories... as well as one key defensive win. The upshot is that sound money legislation, carefully crafted...

Messing w/ Texas? Elon Musk Donates $1M to Anti-Paxton PAC

(Ken Silva, Headline USA) New campaign finance filings reveal that billionaire Elon Musk donated $1 million to the Texans for Lawsuit Reform PAC—a political action committee that has long opposed the state’s attorney general, Ken Paxton, as well as other MAGA-leaning public officials. The $1 million donation to the Texans...

FEMA Deflects Blame on Disastrous Response to Hurricane Helene

(Headline USA) The head of the U.S. disaster response agency continued to forcefully push back against criticism about her agency's disastrous response to Hurricane Helene as the death toll from the storm continued to climb. Federal Emergency Management Agency Administrator Deanne Criswell claimed the agency's massive, collaborative effort keeps growing, and...

Deadspin Fails to Get Defamation Suit Thrown Out after ‘Blackface’ Hoax

(Headline USA) A Delaware judge has refused to dismiss a defamation lawsuit against sports website Deadspin over an article accusing a 9-year-old NFL fan and his family of racism because of his game-day attire. The lawsuit was filed by California residents Raul Armenta Jr. and his wife, Shannon, on behalf of...

States Sue TikTok, Stating It’s Addictive to Kids

(Headline USA) More than a dozen states and the District of Columbia filed lawsuits against TikTok on Tuesday, saying that the popular short-form video app is designed to be addictive to kids and harms their mental health. The lawsuits stem from a national investigation into TikTok, which was launched in March...

Why I’m Near-Term Cautious on Silver

(Peter Krauth, Money Metals News Service) You won't be surprised to hear that I'm a long-term precious metals bull. Still, that doesn't mean I think these metals go up in a straight line. Almost nothing does. I've been saying for some time that silver and gold were due for a correction....

Credit Card Spending Tanked in August; U.S. Consumers Tapped Out?

(Mike Maharrey, Money Metals News Service) How close are Americans to hitting their credit card limits? That's hard to say, but based on the latest consumer credit data from the Federal Reserve, they may be getting closer. Over the last several months, American consumers have been yo-yo-ing between slowing credit card spending...

De-Dollarization: Could a Petroyuan Usurp the Petrodollar?

(Mike Maharrey, Money Metals News Service) Could the petroyuan usurp the petrodollar and become the dominant currency for global oil trade? If so, such a move would accelerate global de-dollarization and would be disastrous for the United States. The petroyuan faces a tough road, but one the BRICS nations led by...

Toyota Ends DEI Policies. Will Conservatives Destroy Woke Companies?

(Dmytro “Henry” Aleksandrov, Headline USA) Toyota recently eliminated its DEI policies after facing the pushback from conservatives. Does that mean conservatives in the United States can purge American companies of their wokeness? Conservative activist Robby Starbuck, who started the Toyota boycott, recently wrote on Twitter that the Japanese car company...

No Silly Keynesian! Hurricane Helene Won’t Create an Economic Boom!

(Mike Maharrey, Money Metals News Service) The road out of my neighborhood looks like a war zone. Helene did quite a number on us here in the Tampa Bay Area (and elsewhere). Storm surge flooding inundated thousands of homes and businesses with up to four feet of water in some...

Fake News on the Economy Is Driven by Fake Money

(Stefan Gleason, Money Metals News Service) The mainstream financial media is hailing Friday's surprise "blowout" jobs report. According to the Labor Department, employers added 254,000 jobs in September, much more than had been forecasted. President Joe Biden joined Federal Reserve Chairman Jerome Powell in taking a victory lap for the...
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