Walz Military Retirement Coincided with Political Campaign

(Therese Boudreaux, The Center Square) Democrat Vice Presidential pick and Minnesota Gov. Tim Walz is again facing scrutiny over his military retirement after Trump running mate J.D. Vance accused Walz of running for Congress to avoid deployment in Iraq.

“When Tim Walz was asked by his country to go to Iraq, do you know what he did? He dropped out of the Army and allowed his unit to go without him,” Vance said Wednesday at a Michigan news conference.

Walz enlisted as a member of the National Guard at age 17, serving for 24 years in Nebraska and Minnesota. When he ran for Congress for the first time in 2005, he held the rank of command sergeant major in the 1st Battalion, 125th Field Artillery.

On March 17 of that year, the National Guard Public Affairs Office announced a possible mobilization of part or all of Walz’s battalion to serve in Iraq over the following two years.

At that time, Walz said he was determined to stay in the race.

“As Command Sergeant Major I have a responsibility not only to ready my battalion for Iraq, but also to serve if called on. I am dedicated to serving my country to the best of my ability, whether that is in Washington DC or in Iraq,” Walz said in a campaign news release. “I don’t want to speculate on what shape my campaign will take if I am deployed, but I have no plans to drop out of the race.”

Almost exactly two months later, May 16, Walz retired honorably from military service without having seen combat. He won the congressional election in 2006, and won re-election five times before running for Minnesota governor. Walz has served as the state’s governor since 2018.

The Harris-Walz campaign responded to Vance’s accusations with praise for the governor’s record, stating “he chaired Veterans Affairs and was a tireless advocate for our men and women in uniform — and as Vice President of the United States he will continue to be a relentless champion for our veterans and military families.”

Records Show Trump Shooter’s Trips to DHS-Linked Gun Range; Some Indicate He Had Company

(Ken Silva, Headline USA) Sen. Chuck Grassley, R-Iowa, has released records from the Clairton Sportsmen’s Club, the shooting range Thomas Crooks used in the lead-up to his alleged assassination attempt against Donald Trump.

The records show Crooks became a member of Clairton Sportsmen’s Club last August and visited there at least 43 times, the last visit being the day before he tried to kill Trump at the July 13 campaign rally in Butler, Pennsylvania. Crooks was a member of the Clairton Sportsmen’s Club “through his family,” according to the Associated Press.

Of his 43 trips, Crooks might have had company at least four times: Aug. 31, 2023; Sept. 28, 2023; Nov. 10, 2023; and April 24 of this year. On those dates, someone signed into Clairton on the exact same time and used the same ranges—with Crooks and the mystery visitor both using the rifle and pistol range on Nov. 10.

Grassley redacted the names of the other visitors to Clairton, which is also reportedly a training ground for the Department Homeland Security. According to local news site TribLive, Clairton was used by the DHS for police training on a day Crooks wasn’t there.

Grassley’s office reportedly described Crooks’ visits as “intense preparation in the months prior to his attempted assassination of the former president.”

Also noteworthy was Crooks visiting the gun range on Valentine’s Day this year, and on Christmas and Halloween last year, according to the records.

According to TribLive, Clairton spans 180 acres in West Mifflin and Jefferson Hills and boasts more than 2,000 members. The club has several rifle ranges, including at least one that is 200 yards.

In the days after the shooting, club president Bill Sellitto reportedly told TribLive, “What happened was a terrible, terrible, terrible thing. That’s not who we are.”

“We know very little about him,” club president Bill Sellitto also told the AP. “That was a terrible, terrible thing that happened Saturday — that’s not what we’re about by any means.”

He declined to comment Thursday when the records were released.

As a freshman, Crooks had tried out for his high school rifle team but was rejected for poor marksmanship.

Ken Silva is a staff writer at Headline USA. Follow him at twitter.com/jd_cashless.

Gold Demand in Tech and Industry Continued to Rebound in Second Quarter

(Mike Maharrey, Money Metals News Service) Industrial and tech demand for gold continued to rebound in the second quarter. Technology and industrial applications consumed 81 tons of gold in Q2, according to data compiled by the World Gold Council, an 11 percent year-on-year increase.

The strong second quarter boosted H1 tech and industrial gold demand to 162 tons.

The electronics sector was the primary driver of gold demand in the tech sector, with offtake increasing by 14 percent in Q2 to 68 tons. This was primarily a function of demand for high-end chips used in growing applications including AI and high-performance computing. There was also a modest increase in demand for consumer electronics during the quarter. 

According to the World Gold Council, on an aggregate level, all major electronics fabrication hubs around the world recorded a y/y increase in gold demand in Q2.

  • Japan 19t (+27%)
  • South Korea 7t (+34%)
  • US 17t (+4%)
  • China 20t (+14%)

Gold used in the production of light-emitting diodes (LEDs) charted modest growth in Q2. Growth in this sector was boosted by the production of flat panel screens for the Olympic Games. However, there are other areas of demand for LEDs, including air and water purification, food preservation, automotive applications, charging station infrastructure, and robotics.

Gold demand for use in printed circuit boards (PCBs) was up in Q2, driven by growing shipments of high-end PCBs. containing higher concentrations of gold. There was also robust demand for PCBs used in server and satellite applications.

Gold is also used in the production of memory chips and the wireless sector. 

According to the WGC, demand for gold in the electronics sector will likely remain strong in the third quarter. The World Semiconductor Trade Statistics Group anticipates a robust 18 months; it is forecasting 16 percent growth across the semiconductor market in 2024.

SK Hynix and Micron, two of the world’s largest memory chip manufacturers, have reported that their 2024 stock of high-end memory chips is already sold, with much of 2025’s production also reserved.  Samsung is forecasting its Q2 revenue to rise by 23 percent, thanks to ‘skyrocketing’ AI chip demand.

Demand for gold in other industrial applications came in at 11 tons in Q2. That was unchanged year-on-year. Indian offtake fell due to the country’s elections. There were also fewer weddings, causing a drop in demand for gold thread used in saris. This was offset by the growing demand for gold-plated jewelry in China. 

Gold Is a Useless Metal?

Warren Buffett once said, “Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again, and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.”

You’ll often hear this notion that gold is “useless” from commentators on mainstream financial networks. 

As you can see by the growing demand for gold in technology and electronics, this is just silly.

In fact, gold is one of the most useful metals in the world. Due to its utility coupled with its scarcity gold is also one of the most valuable metals in the world.

In the first place, gold is beautiful. That’s why people all over the world love to wear gold. About three-quarters of gold demand is for jewelry production. About 479.4 tons of gold were used in jewelry fabrication in the second quarter alone.

But gold isn’t just pretty. Gold’s inherent physical and chemical properties make it useful in many industrial and technological applications. Gold doesn’t corrode, it is an exceptional electricity conductor, it is malleable, and gold can be used to catalyze many chemical processes without being consumed.

This is why we see gold increasingly used in the tech sector. In fact, gold would probably be used even more if it weren’t so rare and expensive. 

Gold is also important in the medical field. Its inherent stability and unique optical properties make it perfect for use in diagnostic testing. The World Gold Council said that gold is “at the heart of the hundreds of millions of Rapid Diagnostic Tests (RDTs) that are used globally every year.

“This well-established, and critically important, technology has changed the face of disease diagnosis in the developing world over the last decade.”

Gold nanoparticles are used in testing for malaria, HIV, hepatitis, and other illnesses.

Gold has even been used in some exotic applications. In 2018, a team of Chinese researchers partially restored the sight of blind mice by replacing their deteriorated photoreceptors – sensory structures inside the eye that respond to light – with nano-wires made of gold and titanium.

The point is gold is far from useless. 

But fundamentally, gold is money. And everybody wants to have money – especially real money.


Mike Maharrey is a journalist and market analyst for MoneyMetals.com with over a decade of experience in precious metals. He holds a BS in accounting from the University of Kentucky and a BA in journalism from the University of South Florida.

Gold ETFs Globally Add Gold for Third Straight Month

(Mike Maharrey, Money Metals News Service) Gold ETFs charted their strongest month since April 2022 in July. Globally, ETFs added 48.5 tons of gold to their holdings last month, with funds in every region reporting increases.

A combination of gold inflows and a 4 percent increase in the price of gold drove a 6 percent increase in total assets under management (AUM) by gold-backed funds to $246 billion, a new month-end record.

Globally, gold-backed ETFs held 3,154 tons of gold as of July 31. That is the highest level this year.

May was the first month of positive gold flows into ETFs in 12 months. Since then, funds globally have recorded net increases for three straight months. 

Even as gold ETFs globally increased metal holdings, North American ETFs reported outflows of gold in May and June. That finally reversed in July. North American funds led the way last month, adding 25.7 tons of gold during the month. 

According to the World Gold Council, political uncertainty surrounding the assassination attempt on Donald Trump and President Joe Biden dropping out of the race drove safe-haven demand.

A cooling CPI, weakness in the labor market, and the Federal Reserve Chairman Jerome Powell’s note that an interest rate cut in September is “on the table” during the July FOMC meeting intensified investor expectations of monetary easing.

On the year, gold holdings by North American ETFs are down by 52 tons. Nonetheless, the total AUM of North American funds has risen by 14 percent year-to-date, driven by recent inflows and notable gold price strength.

European funds charted a 16.6-ton increase in gold holdings. It was the third straight month of gold inflows. The UK and Switzerland led the way. Declining bond yields across the Eurozone have helped boost gold demand. European investors are expecting additional monetary easing by the European Central Bank, and the Bank of England cut rates for the first time in four years on Aug. 1.

Similar to North America, a rising gold price combined with positive demand lifted the total AUM of the region’s funds to $103 billion, a 12 percent increase. 

Even as gold flowed out of Western ETFs, Asian funds have been adding gold for over a year, reflecting the movement of gold from the West to the East. Asian funds added gold for the 17th straight month in July, boosting holdings by 5.3 tons.

India led the way, with Indian demand boosted by a recent cut in the gold import tax.  

China and Japan-based funds also reported net inflows, driven by equity market weaknesses and strong local gold price performances. 

Asia has reported gold inflows of $3.6 billion year-to-date, significantly outpacing other markets. Supported by record-breaking inflows and a higher gold price, the total AUM of Asian funds reached $15 billion in July, the highest dollar level ever.

Other regions, including Australia, reported inflows of just under 1 ton.

Inflows of gold into ETFs can have a significant impact on the global gold market by pushing overall demand higher.

ETFs are a convenient way for investors to play the gold market, but owning ETF shares is not the same as holding physical gold.

A gold ETF is backed by a trust company that holds metal owned and stored by the trust. In most cases, investing in an ETF does not entitle you to any amount of physical gold. You own a share of the ETF, not gold itself.

ETFs are relatively liquid. You can buy or sell an ETF with a couple of mouse clicks. You don’t have to worry about transporting or storing metal. In a nutshell, it allows investors to play the gold market without buying full ounces of metal at the spot price. 

Since you are just buying a number in a computer, you can easily trade your ETF shares for another stock or cash whenever you want, even multiple times on the same day. Many speculative investors take advantage of this liquidity.

But while a gold ETF is a convenient way to play the price of gold on the market, you don’t actually possess any gold. You have paper. And you don’t know for sure that the fund has all the gold either, especially when the fund sees inflows. In such a scenario, there have been difficulties or delays in obtaining physical metal.


Mike Maharrey is a journalist and market analyst for MoneyMetals.com with over a decade of experience in precious metals. He holds a BS in accounting from the University of Kentucky and a BA in journalism from the University of South Florida.

Pelosi Has ‘Never Been Impressed’ with Biden’s ‘Political Operation’

(Headline USA) Former House Speaker Nancy Pelosi, D-Calif., continued her underhanded jabs at President Joe Biden this week, admitting she has “never been that impressed with his political operation.”

The California Democrat made the comment during an interview with the New Yorker after being asked about her role in coercing Biden to drop out of the 2024 race. Biden may have won once, she said, but he wouldn’t have been able to win again.

“They won the White House. Bravo,” Pelosi said.

“But my concern was: This ain’t happening, and we have to make a decision for this to happen,” she added. “The president has to make the decision for that to happen.”

When asked why she didn’t believe Biden would be able to make up the momentum he had been losing to former President Donald Trump, Pelosi said, “I’ve never been that impressed with his political operation.”

Though it has been widely reported that Pelosi played an instrumental role in forcing Biden out of the 2024 race, she has denied any direct role in the scandal.

“People were calling. I never called one person. I kept true to my word. Any conversation I had, it was just going to be with him. I never made one call,” Pelosi told the New Yorker. “They said I was burning up the lines, I was talking to [Senate Majority Leader] Chuck [Schumer]. I didn’t talk to Chuck at all.”

Pelosi’s tone regarding Biden has, nonetheless, become much more aggressive than it was after his initial exit, when she and other Democratic leaders praised the 81-year-old as a political hero for doing what was best for the party.

Biden’s feelings toward Pelosi have also soured, according to reports.

When asked whether their relationship had soured, Pelosi told CBS News on Sunday, “He knows that I love him very much.”

She also added that she only wanted Biden to run a better campaign, and that everything she did was to ensure that “Donald Trump would never set foot in the White House again.” 

Press Sec. Blasts Ousted ‘Squad’ Rep. for ‘Inflammatory’ Meltdown

(Headline USA) The Biden White House blasted “Squad” Rep. Cori Bush, D-Mo., for going on an “inflammatory” and unhinged rant after losing her primary race this week.

Bush, who lost to Democratic challenger Wesley Bell on Tuesday, sought to intimidate those who helped defeat her, including the American Israel Public Affairs Committee, while claiming that she had been pushed even farther to the violent leftist fringe.

“As much as I love my job, all they did was radicalize me, and now they should be afraid,” she warned.

“They’re about to see this other Cori, this other side,” she continued. “And let me say this: AIPAC, I’m coming to tear your kingdom down.”

Bush also bragged about no longer being bound by the decorum expected of lawmakers.

“Pulling me away from my position as congresswoman, all you did was take some of the strings off,” she said.

Asked about Bush’s speech, White House press secretary Karine Jean-Pierre said President Joe Biden condemns her “divisive” and “inflammatory” rhetoric.

“Look, the president has always been very clear—and very recently, after the assassination attempt of the last president—about lowering rhetoric, right?” Jean-Pierre said Wednesday at the daily press briefing, a day after Biden himself cast doubt over the peaceful transition of power in January.

“It is important—important that we be very mindful of what we say,” Jean-Pierre claimed about Bush’s anti-Semitic screed. “This kind of rhetoric is inflammatory and divisive and incredibly unhelpful.”

The White House will “continue to condemn any type of political rhetoric in that way, in that vein,” she added.

AIPAC and other pro-Israel groups spent millions to help unseat Bush, who has been one of the most vocal anti-Israel Democrats in Congress.

The groups also invested heavily in the race to unseat “Squad” Rep. Jamaal Bowman, D-N.Y., earlier this summer.

However, AIPAC did not invest in the primay race against Rep. Rashida Tlaib, D-Mich., which she won handily on Tuesday, nor in the upcoming effort to unseat Rep. Ilhan Omar, D-Minn., which she is expected to win.

Buttigieg Husband Reveals Thousands in Gambling Income, Speaking Gigs

(Luis Cornelio, Headline USA) Chasten Buttigieg, husband of Transportation Secretary Pete Buttigieg, reported thousands of dollars in gambling income, according to financial disclosure forms released last month. 

In 2023, Chasten earned $6,755 from gambling, with winnings reported from MGM National Harbor ($4,152) and Grand Traverse Resort & Casino ($2,603). 

These earnings look like pocket change compared to the $75,000 Chasten received in speaking fees, a Headline USA review of the disclosures found.

This income includes $22,500 from the Indianapolis Hebrew Congregation, $20,000 from the Brand Guild, $11,000 from the University of Michigan Ford School and $10,000 from the LGBTQ+ Real Estate Alliance. 

The earnings were initially reported by journalists Philip Melanchthon Wegmann and Chuck Ross via Twitter.  

Wegmann jokingly commented, “No scandal here obviously. I just think it’s funny, and I want to know more: Are we talking slots, table games, ponies?” His tweet garnered over 750,00 views. 

On the other hand, Buttigieg reported earning between $5,001 and $15,000 from his 2019 memoir Shortest Way Home, released shortly after his unsuccessful 2020 Democratic nomination bid.  

The Transportation Secretary also received an $8,242 advance from Hodder and Stoughton for the British edition of his second book, Trust. 

This book’s income contrasts sharply with his 2020 earnings.  

He received between $100,000 and $1 million in royalties for his first book, $54,000 in advances for the British edition and $311,500 as an advance for his second book, according to Bloomberg.  

He also earned $150,000 for hosting the 2020 podcast The Deciding Decade. Notable guests included twice-failed presidential candidate Hillary Clinton and anti-gun rights David Hogg. 

Buttigieg is back in the headlines after Vice President Kamala Harris considered him as a potential running mate for the 2024 election. Harris ultimately settled for Minnesota Gov. Tim Walz.

Kamala Awkwardly Tries to Scold Protesters into Silence at Campaign Rally: ‘I’m Speaking’

(Headline USA) Vice President Kamala Harris was interrupted by anti-Israel protesters during a campaign rally in Detroit on Wednesday, leading to an awkward stand-off between Harris and the leftist activists.

Harris took the stage and began railing about former President Donald Trump when the group of radical Hamas-backers began heckling her, yelling, “Kamala, Kamala, you can’t hide! We won’t vote for genocide.”

At first, Harris tried to appease the protesters by acknowledging them.

“I’m here because we believe in democracy,” she claimed. “Everyone’s voice matters.”

But when the protesters continued, Harris snapped, “I am speaking now. I am speaking now.”

The line seems to have been an attempt by Harris to remind voters of her vice presidential debate against then-Vice President Mike Pence in 2020, when she said during cross-talk with Pence, “I’m speaking.”

She has deployed the pedantic catchphrase several times since to flex her authority, sometimes as hecklers were being escorted out by security.

This time, however, the leftist protesters didn’t get the memo and continued their chant.

The yellow schoolbus aficionado then proceeded to chide them like young children, irritably presenting a false dichotomy of options to hector them into silence with her finger-wagging.

“You know what? If you want Donald Trump to win, then say that. Otherwise, I’m speaking,” she said. 

The rally crowd then started a “Kamala” chant of their own, drowning out the protests before campaign staffers escorted the protesters out of the venue.

The awkward moment was a timely reminder of Harris’s ineffective leadership, which has been largely glossed over by a desperate astroturfing campaign to give her the appearance of unstoppable campaign momentum.

It also underscored the divide within the Democratic Party over the Biden administration’s policy toward Israel in its ongoing military conflict in Gaza—a rift that could easily derail Democrats’ efforts to guard critical swing states in the Midwest.

Tens of thousands of primary voters in states such as Michigan cast protest votes against President Joe Biden earlier this year over his continued support for Israel.

Layla Elabed, one of the organizers of the protest vote in Michigan, warned they would do the same to Harris unless she adopts an anti-Israel position.

“Michigan voters want to support you, but we need a policy that will save lives in Gaza right now,” Elabed told Harris, according to NBC News.

“I meet with community members every day in Michigan who are losing tens and hundreds of family members in Gaza,” she added. “Right now, we need an arms embargo.”

Harris already signaled her willingness to capitulate with her selection of Minnesota Gov. Tim Walz over Jewish Pennsylvania Gov. Josh Shapiro, who appeared to be the favored selection until Muslim voters expressed their displeasure.

However, she now treads a delicate line as she risks alienating Jewish voters elsewhere. That potentially puts Northeastern states that Democrats have long taken for granted—including New York and New Jersey—into serious contention for Trump, who has held unexpectedly large rallies in both.

Cori Bush’s Replacement: A Woke, Anti-Cop Prosecutor Worse Than the Squad

(Luis Cornelio, Headline USA) Many conservatives celebrated the primary defeat of Rep. Cori Bush, D-Mo., an infamous member of the Squad whose opposition to Israel has earned them the label “Hamas caucus.”

However, some may not realize that Bush’s replacement, St. Louis prosecutor Wesley Bell, could be just as problematic—if not worse—to America’s law and order.

On Tuesday, Bush lost her primary with 45.6% of the vote (56,492 votes) to Bell’s 51.2% (63,340 votes). Bell is now poised to become the next representative of Missouri’s 1st congressional district, a safe Democratic stronghold, ahead of the 2024 general. 

Bell, who served four years as the prosecuting attorney for St. Louis County, has implemented several radical changes to the criminal justice system, according to The Intercept.

These changes include abolishing cash bail for misdemeanors and refusing to prosecute individuals busted with marijuana and others who fail or refuse to pay child support.

Bell has also replaced warrants with summonses, ended the practice of overcharging defendants to secure plea deals and relaxed penalties for those who fail to appear in court, The Intercept reported.  

Additionally, he has refused to seek the death penalty for violent offenders. His leftist activism was so rampant that by 2020, he reduced the number of people jailed for minor offenses by 30%, effectively putting more criminals back on the streets. 

Bell first gained notoriety in 2014 during the Ferguson protests, triggered by the death of Michael Brown.

Brown was shot by St. Louis officer Darren Wilson, who acted in self-defense and was later cleared of any wrongdoing, according to the Obama administration-led investigation into Brown’s death.

Like Bush, Bell became a leftist activist with an extreme focus on police reform. He ran for Ferguson City Council and later primaried Bob McCulloch for St. Louis County prosecuting attorney in 2018, a position he held until he challenged Bush.

As the elected prosecutor, Bell introduced new procedures for investigating police misconduct and pledged to convene grand jury proceedings in all homicide cases.

Despite a grand jury clearing the officer who shot Brown in 2015, Bell reconvened another grand jury, which again refused to bring charges against the officer in 2020.

During his campaign, Bell criticized Bush as a weak politician who prioritized her Squad membership over the needs of her constituents. His campaign was heavily supported by over $7 million from the American Israel Public Affairs Committee, or AIPAC, a pro-Israel group dedicated to strengthening U.S.-Israel relations. 

While Bell has expressed support for Israel, it remains unclear which, if any, Republican positions he might endorse in Congress.

St. Louis may soon have a pro-Israel representative, but one who shares Bush’s anti-law and order ideology. His record suggests he will continue to prioritize radical criminal justice reforms, potentially at the expense of police officers who risk their lives daily to protect the lives of Americans.

CNN Star Quits Failing Network as Parent Company Admits $9.1B in Losses

(Dmytro “Henry” Aleksandrov, Headline USA) CNN media reporter Oliver Darcy announced on Aug. 8, 2024, that he left the network and has launched a new newsletter.

Meanwhile, CNN’s parent company lost $9.1 billion because nobody wanted to watch the propaganda.

“The write-down confirmed that legacy cable channels like CNN and TNT are no longer worth what they were when the $42 billion merger was completed. In fact, judging by the ongoing mass layoffs at the former, one can argue that CNN’s value is now negative and will continue to be so until it stops hemorrhaging cash,” ZeroHedge reported.

Darcy, who’s been working for CNN for seven years, said he was honored to work at the network “during a time when the truth is under assault,” adding that his new newsletter, “Status,” is “independent” and subscription-based and is intended to reach subscribers’ inboxes every Sunday through Thursday evening.

“It has been the privilege of my life to report for CNN and serve as the steward of the Reliable Sources franchise — particularly when the truth is under assault, and people are searching for accurate, reliable information. Covering the information space is more important than ever, and I am excited to launch Status, embark on this new journey, and tap into my entrepreneurial spirit,” he said.

People on social media didn’t hesitate to mock Darcy for his assumption that someone would want to watch and pay for his “independent” propaganda.

“Oliver Darcy [is] no longer with CNN. [He is starting] his own venture and is somehow under the delusion that people will pay $150 a year to read his propaganda. Good luck!” Joe Concha of Fox News wrote.

While working for CNN, Darcy has been repeatedly supporting the censorship of conservatives and Republicans, including Donald Trump.

“Nearly every tweet from the president at this point is labeled for misinfo. Which had me thinking. Why doesn’t Twitter just take the step of labeling his entire account as a known source of election disinfo? And why stop there? Why not label accounts that repeatedly spread claims the platform has to fact-check?” he said.