Saturday, July 19, 2025

FINANCE

Americans May Foot $3.4B Bill for Haitian Benefits Under Biden-Harris

(Luis Cornelio, Headline USA) American taxpayers may soon be responsible for up to $3.4 billion in costs due to the Biden-Harris administration's benefit program for Haitian nationals, a new study by the Daily Mail has found.  This staggering figure stems from the scandal-embroiled administration’s controversial CHNV program, which flies 30,000 Haitian...

Calif. Not Paying Released Inmates $200 Could Cost Taxpayers $5B

(Kenneth Schrupp, The Center Square) San Francisco’s former district attorney is leading a class action lawsuit requiring the state to follow through on a 1973 statute signed into law by then-governor Ronald Reagan to pay prisoners who have served more than six months $200 upon their release as “gate...

Unspent COVID Funds to be Returned by End of Year

(Headline USA) For thousands of local governments, the clock is ticking to spend their share of $350 billion in COVID-19 relief funds approved by Congress and Joe Biden in 2021. Governments must obligate all their American Rescue Plan funds for specific projects by the end of this year or...

Billions Gone and Little to Show for It after ‘Mind-Boggling’ COVID Fraud

(Casey Harper, The Center Square) Years after the passage of federal COVID-era relief and the subsequent loss of likely hundreds of billions of those taxpayer dollars, lawmakers are still unsure where that money went, how to get it back, and seemingly have done little to prevent it from happening...

NYC Is Latest Dem. City to Embrace Reparations

(Headline USA) New York City became the latest Democratic stronghold to embrace reparations after passing legislation this week to conduct a study on possible reparations measures. The bill proposes a Truth, Healing, and Reconciliation task force to “acknowledge and address the legacy and impact of slavery and racial injustices in New...

Fed. Judge OKs Betting on Election Results, Despite Critics’ Concerns

(Headline USA) People began betting Thursday on which political party would win control of Congress in the November elections after a judge's ruling allowing the wagers—the only ones to be legally approved by a U.S. jurisdiction. New York startup company Kalshi began taking what amounts to bets on the outcome...

What Happens When the Chinese Jump Back Into This Gold Bull Market?

(Mike Maharrey, Money Metals News Service) Do you know who has been missing from the most recent gold bull run? The Chinese. And yet, we’re still seeing gold push to record highs. What happens when the Chinese jump back into the market with both feet? Another Record Gold set another new record on...

Biden Administration Runs Biggest Deficit of the Year in August

(Mike Maharrey, Money Metals News Service) In a year of massive deficits, the Biden administration ran the biggest deficit of the year in August. Meanwhile, interest on the national debt eclipsed $1 trillion for the first time. The August budget shortfall came in at $380.08 billion, according to the latest Treasury...

The First Gold Rush in America: NC’s Golden Legacy

(Money Metals News Service) In a recent episode of Where the Dogwood Blooms podcast, host Cassie Clark interviewed Joshua D. Glawson, a writer with expertise in politics, philosophy, economics, and precious metals. Glawson, the Strategic Communication Adviser for the Libertarian Party of NC and Content Manager for Money Metals Exchange, offered an...

Silver Set for a Breakout? A Detailed Look at the Bullish Case for Silver

(Money Metals News Service) In the latest episode of the Money Metals Midweek Memo, host Mike Maharrey dives deep into pattern recognition and its crucial role in both ice hockey and investing.  Drawing fascinating parallels between the two, Maharrey highlights how goalies rely on pattern recognition to make split-second decisions, a...

Turkey: Another BRIC in the Wall?

(Mike Maharrey, Money Metals News Service) Turkey has formally applied to join the BRICS economic bloc. The move came as something of a shock given that Turkey is a member of NATO and is generally perceived to be oriented toward the West.  Turkey has also been cozying up to the...

August CPI: The Good, the Bad, and the Uh-Oh

(Mike Maharrey, Money Metals News Service) How you read the August Consumer Price Index (CPI) report is a matter of perspective. There is some good news in there for the optimist. There's some bad news in there for the pessimist. And there's a lot of "uh-oh" for the realist.   The...
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