Is There Really a Shortage in Silver?

(Clint Siegner, Money Metals News Service) The Silver Institute released its 2024 World Silver Survey last week. According to the data, silver demand outstripped supply in 2023, for the fifth year in a row.

The deficit was just over 142 million ounces. And the forecast for 2024 indicates that the annual production shortfall will nearly double to 265 million ounces.

Silver prices have finally begun playing some catchup to gold. Perhaps speculators in the futures market have finally begun paying attention to fundamentals like supply and demand.

The overall supply deficit is corroborated by another data point. COMEX vault inventories of silver are also in decline.

If demand from industry and from investors is greater than what miners and recyclers can produce, then additional silver must come from existing above-ground stocks.

The COMEX vaults are a major stockpile. Sure enough, inventory in those vaults has been dwindling. The COMEX reports total silver inventory is just over 291 million ounces in the latest report, published Friday. That is down from the peak of just over 400 million ounces in early 2021.

Inventory in the much larger London Bullion Market Association (LBMA) vaults has also fallen sharply. Stocks are down more than 300 million ounces from the 1.2 billion ounce peak in 2021.

Ted Butler, of Butler Research, has posed an interesting question for investors watching supply and demand.

Last fall, he sent a letter to both the heads of the SEC and the CFTC.

His question is whether the 100 million ounces of silver inventory reported by the iShares Silver Trust ETF (SLV), which is stored by JP Morgan Chase, is also being reported by JP Morgan as COMEX inventory. It is a simple question, but the regulators have yet to answer.

There are many reasons to think twice before buying silver or gold ETFs. The potential double counting of the inventory which supposedly backs those securities is just one of them. Their inherent counterparty risk is another.

In addition to the questions about double counting, the outstanding shares of SLV have recently begun falling.

Shares outstanding are a representation of the silver inventory held by the ETF. There were 482 million shares on April 8th. That number has fallen to 455 million shares currently.

That means SLV’s inventory has fallen by 5.6% in two weeks, which is counterintuitive given what has happened to silver prices in that time period.

Higher silver prices have not led Authorized Participants in the ETF to add silver and create more shares that they can sell into the market.

They are removing silver bars instead.

If the silver deficit reaches 265 million ounces this year, as forecast, how many of those ounces will come from the LBMA or COMEX warehouses? And at what price?

Of course, much of the inventory in those vaults is not actually for sale at present. Although, at some price, nearly everything is for sale.

The COMEX reports its holdings in two categories – registered and eligible. Only the registered holdings are available for delivery now. The owners of the “eligible” silver must be persuaded to register their bars before that metal can be sold and delivered.

The registered inventory is only 47 million ounces currently – a small fraction of the 291 million ounce total in the COMEX system.

The LBMA does not publish how much of the inventory in their system is actually available for delivery. It is almost certainly far less than the reported total.

But, to be certain, there are large amounts of silver outside of publicly reported stockpiles that could come back to market at higher prices. Stocks of bullion coins and bars are well north of two billion ounces – so that’s a lot more potential supply that could also come to market.

Even though there is still lots of silver around, the silver production shortfalls will put pressure on prices to go higher in order to induce new mine production and/or draw silver out of private hoards.


Clint Siegner is a Director at Money Metals Exchange, a precious metals dealer recently named “Best in the USA” by an independent global ratings group. A graduate of Linfield College in Oregon, Siegner puts his experience in business management along with his passion for personal liberty, limited government, and honest money into the development of Money Metals’ brand and reach. This includes writing extensively on the bullion markets and their intersection with policy and world affairs.

Nightmare in Niger: US to Pull Troops amid Water and Medicine Shortages

(Ken Silva, Headline USA) The Washington Post reported Friday night that the Pentagon will remove U.S. troops from Niger—a move that follows shocking whistleblower revelations that the Biden administration abandoned troops there, leaving them with water and medicine shortages.

“The prime minister has asked us to withdraw U.S. troops, and we have agreed to do that,” an anonymous senior State Department official told the Post.

The Pentagon must now remove than 1,000 U.S. troops from Niger. The U.S. will also have to close a six-year-old, $110 million U.S. air base that was used for drone warfare. Rep. Matt Gaetz, whose office investigated the whistleblower complaints, expressed concern about how the Biden administration will handle with withdrawal.

“I fear the administration will handle this withdrawal similarly to the withdrawal from Afghanistan,” Gaetz said Friday on Twitter. “The safety and security of all service members must be our top priority in this time of transition.”

 

The situation in Niger stems from the country’s government declaring last month that the U.S. military presence there is “illegal.” In a letter published last Wednesday by the Washington Post, an Army whistleblower accused Biden of endangering the troops’ lives by leaving them there against the wishes of the country’s new government.

“Americans deployed here have not been able to perform their primary mission and have been told to ‘sit and hold.’ It is clear that the country of Niger does not want a permanent military presence in the country and they have informed us that we need to leave,” the whistleblower said.

“At the same time, there are approximately 1,100 US Military Service Members in the country who are essentially being held hostage from returning home to their families while the State Department continues with failed diplomacy by not communicating with the country of Niger on what their withdrawal plans will look like.”

According to the whistleblower, the troops in Niger can’t leave because the government isn’t approving visas for the new troops that would replace them.

Rep. Gaetz further revealed that the troops in Niger now are experiencing shortages of water, medicine and other supplies. Gaetz grilled Army Secretary Christine Wormuth and Chief of Staff Gen. Randy George about the matter Wednesday during a budget hearing.

Perhaps just as shocking as the situation in Niger is the fact that the senior Army officials said they didn’t know about what’s going on there.

“Army soldiers right now in Niger who aren’t getting their troop rotations, who aren’t getting their medicine, who aren’t getting their supplies, who aren’t getting their mail,” Gaetz said. “And the two senior people in the United States Army are sitting before me, and it’s like ‘hear no evil, see no evil, speak no evil.’”

Gaetz said the top Army officials must be ignorant about Niger because the U.S. embassy there is blocking intelligence from reaching them. Gaetz said this must be because Secretary of State Antony Blinken called Niger a “model democracy” last year—months before a coup took place—and is now suppressing intel to avoid embarrassment.
Gaetz said he fears this coverup will lead to another Benghazi.

“U.S. embassy Niger has been blocking the intelligence. I fear that as we speak, the conditions are forming for another Benghazi-style attack,” he said on the House floor this week.

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

Mainstream Fund Managers Jumping on the Gold Bandwagon

(Mike Maharrey, Money Metals News Service) Big money managers are starting to jump on the gold bandwagon as inflation worries grow.

Over the last few weeks, gold held its ground despite headwinds including a strong dollar and rising bond yields. Geopolitical tensions have supported safe-haven buying but it appears a new player is entering the market – hedge fund and other big money managers concerned about sticky price inflation. 

According to a recent CNBC article, “Overweighting precious metals has become the consensus among the largest money managers.”

A Citi analysis of big fund managers found that 83 percent are now long precious metals. Meanwhile, gold is the only commodity fund allocators have added to their portfolios in the last month.

In another sign of growing bullishness on gold, net long positions on gold futures and options climbed to the highest level since the pandemic year in 2020 earlier this month, according to the Commodity Futures Trading Commission data.

In a recent note, HSBC Securities chief precious metals analyst James Steel said that gold and silver rallies have been driven by a “powerful cocktail” of safe-haven buying and hedge fund purchases, “prompted by record-high equities and sticky inflation.”

Livermore Partners founder David Neuhauser told CNBC he has increased gold allocation to 20 percent, including both gold and gold mining stocks.

“With inflation well above trend and being extremely sticky, it doesn’t take a rocket scientist to figure out that gold could serve in a great capacity. We are in for a structural change in terms of inflation, and gold will be the metal to continue to find investors worried about monetary disorder, worried about monetary debasement.” 

Greenlight Capital’s David Einhorn has also made gold “a very large portion” of his fund’s allocation. He said there is a “problem with the overall monetary and fiscal policies of this country.”

“I think the deficits are ultimately a real problem. And I think that this is a way to hedge the risk of something not-so-good happening.”

It’s become clear that the Federal Reserve isn’t winning the inflation fight. CPI came in hotter than expected yet again in March, with the headline annual price inflation rate rising to 3.5 percent. None of the numbers in the report came in anywhere near the Fed’s mythical 2 percent target. No matter how you slice, dice, or massage the numbers, nothing indicates the Fed is anywhere near slaying price inflation.

This has been obvious for a long time, but it often takes a long time for the mainstream to pick up on the obvious. Maybe the financial world does need some rocket scientists.

Last week, Federal Reserve Chairman Jerome Powell admitted the inflation fight isn’t going well and hinted that interest rates may stay higher for longer.

“We have stated that we need greater confidence in inflation before considering lowering interest rates. However, the recent data has not given us greater confidence that inflation is heading toward the 2 percent target.”

Powell went on to say, “It is appropriate to let restrictive policy take further time to work,”

Chicago Fed president Austan Goolsbee was even more blunt, saying, “Progress on inflation has stalled.”

The hawkish turn drove the yield on the 2-year Treasury to 5 percent. 

In past months, this kind of hawkish Fed talk would have tanked the price of gold and silver. Higher interest rates are considered a headwind for precious metals because they are non-yielding assets. But gold continued to hold its ground.

Perhaps the mainstream has finally figured out what I’ve been saying for a long time – inflation is ultimately going to win this fight. And when you have inflation, you want to have an inflation hedge!

Even if the Fed does go ahead with interest rate cuts, it isn’t a victory – it’s a surrender. The moment the central bank pivots to looser monetary policy, it is creating even more inflation. And the reality is monetary policy isn’t all that tight to begin with.

Make no mistake, there will be rate cuts, but I don’t think it’s going to be because the Fed can plausibly claim it beat inflation. The central bank will cut because the modest interest rate increases over the last year will break things in the economy and precipitate an economic and financial crisis. The current interest rate level might not be enough to unstick inflation, but it is enough to cause bubbles to pop in this debt-riddled economy. It simply can’t run without its easy money drug.

I doubt the mainstream has figured this out yet, but at least some of the big financial players are starting to understand the inflation reality. Price inflation has grabbed the attention of at least some of the big players, and they are doing something about it by buying gold.


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.

Feds Were Probing Fauci Research in Early 2020, New FBI Emails Show

(Ken Silva, Headline USA) Transparency group Judicial Watch released a new set of internal FBI emails Friday, showing that agents were briefed in April 2020 about gain-of-function research funded by former COVID-19 czar Dr. Anthony Fauci.

The emails show FBI agents discussing their investigation into a grant Fauci’s National Institute of Allergies and Infectious Diseases gave to EcoHealth Alliance to conduct bat coronavirus research at the Wuhan Institute of Virology in China. The FBI agents had apparently been briefed by a source with knowledge about what went on at Wuhan, who said that the experiments there could result in a coronavirus that seemed natural.

The source, whose name was redacted, told FBI agents that the experiments EcoHealth conducted at Wuhan “would leave no signatures of purposeful human manipulation.”

One of the FBI agents wrote in an April 23, 2020, email that the briefing included “alarming new info.”

The Newark Office Assistant Special Agent in Charge-National Security Branch, whose name is redacted, then forwarded the email thread to then-special agent in charge of the Newark Field Office, Gregory Ehrie. “This is interesting. I’m following up with the squad tomorrow morning,” the assistant special agent in charge said.

Judicial Watch said Friday that the new emails further demonstrate the need for a comprehensive criminal investigation into Fauci’s gain-of-function scandal.

“These smoking gun documents showed the FBI quickly understood that Fauci’s agency funded the gain-of-function research that could disguise the resulting coronavirus as ‘natural,’” said Judicial Watch President Tom Fitton.

The FBI was one of the few government agencies to determine that the COVID-19 disease had leaked from the Wuhan Institute of Virology in China. The FBI determined that COVID was likely a lab leak as early as March 2020, but suppressed that information until October 2021— keeping former President Donald Trump, as well as the wider public, in the dark.

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

Zelenskyy Keeps Quiet on Even More U.S. Funding Demands, Won’t Detail Timeline

(Luis Cornelio, Headline USA) Ukrainian President Volodymyr Zelenskyy refrained from confirming whether additional U.S. funding would be required as his country confronts Russian aggression, in the wake of the House’s contentious approval of a $95 billion foreign aid package.

In a Sunday interview with NBC News’s Meet the Press, hosted by Kristen Welker, Zelenskyy did not assert that the allocated $65 billion would suffice to secure victory in the war against Russia, nor did he provide a definitive timeline for its resolution. 

During the interview, Welker queried Zelenskyy, “President Zelenskyy, as you know, this aid was held up for half a year because there is fierce opposition to sending more aid to Ukraine, particularly amongst some Republicans. How long should Americans be expected to fund the war in Ukraine?”

In response, as translated into English, Zelenskyy asserted, “The Americans are not funding the war in Ukraine. They first and foremost, protect freedom and democracy all over Europe. And Ukraine is fighting, and Ukraine is sending its best sons and daughters to the front lines.”

Expanding on his stance, Zelenskyy argued that Ukraine’s current struggle against Russia inherently shields NATO countries from potential Russian aggression. 

“This is the price for all Europe, for all of NATO,” he added. “It produces the price for everyone, including the U.S. As the leader in the NATO. U.S. Army does not have to fight protecting NATO countries. Ukrainians are doing that.” 

Welker pressed further on the timeline of the conflict and the potential necessity for future funding. 

“But President Zelenskyy, can you give Americans a sense of the timeline? Will you still need as much aid this time next year? Or do you think you can turn the corner on Russia? What’s the timeline?” she asked. 

Zelenskyy responded by claiming that the timeline depends on how quick he gets the weapons to the battlegrounds. 

“But giving U.S. specific timeline of the war, well, it depends on how soon we get this aid,” he claimed. “There are so many variables, so many factors. Sometimes when we protect the important line, you retreat because you don’t have enough forces and equipment. And retake, it would take two or three times more. I’m not saying that this is how it’s going to end up. But things are possible.” 

Another GOP Lawmaker Accuses Rep. Gaetz of Paying ‘Minors’ for Sexual Favors

(Luis Cornelio, Headline USA) Rep. Tony Gonzales, R-Texas, didn’t hold back in his criticism of certain Republicans within the hard conservative block. 

In an interview on CNN’s State of the Union on Sunday, Gonzales bluntly labeled Reps. Matt Gaetz, R-Fla., and Bob Good, R-Va., as “scumbags.” 

“I served 20 years in the military. It’s my absolute honor to be in Congress, but I serve with some real scumbags,” Gonzales stated, launching into his critique of Gaetz. “Look, Matt Gaetz, he paid minors to have sex with him at drug parties.”

Gonzales’s accusations mirrored those of former House Speaker Kevin McCarthy, who similarly accused Gaetz of engaging in sexual activity with a minor. McCarthy contends that Gaetz’s efforts to halt a House Ethics Committee investigation into these allegations led to the motion to vacate, ultimately costing McCarthy his position.

In response to Gonzales’s accusations, Gaetz took to Twitter, alleging that the “Occasionally-Republican” was “laundering lies to CNN.” He further remarked, “The Texas Republican Party has rightly censured Tony for supporting gun control and amnesty.”

Turning his attention to Good, the chairman of the House Freedom Caucus, Gonzales asserted, “Bob Good endorsed my opponent, a known neo-Nazi. These people used to walk around with white hoods at night. Now, they’re walking around white hoods in the daytime.” 

Gonzales’s comments came in response to a question from CNN host Dana Bash regarding Rep. Marjorie Taylor Greene’s threat to initiate a motion to vacate, aiming to oust Johnson from the speakership position. 

“Do you have confidence that at this point, given that it is still possible that Marjorie Taylor Greene will push to vacate to kick them out of the speaker’s chair that he can survive,” Bash asked Gonzales.

In response, Gonzales expressed confidence, stating, “He will survive. Look, the House is a rough and rowdy place, but Mike Johnson is going to be just fine.” 

At the heart of the motion to vacate threat lies Johnson’s repeated willingness to break party lines in support of Democratic-led initiatives, including two controversial bills that allocate funding to the federal government with limited Republican support. 

Most recently, Johnson faced criticism for spearheading the passage of a $95 billion foreign aid bill, allocating $60.8 billion to Ukraine, $26.4 billion to Israel and $8 billion to bolster Indo-Pacific security.

LA Mayor Karen Bass’s Home Broken Into; Suspect Identified

(Luis Cornelio, Headline USA) The official residence of Los Angeles Mayor Karen Bass fell victim to a break-in by a suspect who has since been apprehended. 

According to the Los Angeles Police Department, the incident occurred at 6:40 a.m. on Sunday while Bass and her family were inside Getty House. 

The suspect, identified as Ephraim Matthew Hunter, allegedly smashed a window to gain entry before being apprehended by officers. He was charged with burglary.

“The Los Angeles Police Department responded and took a suspect into custody with out incident,” the LAPD wrote on Twitter. “There were no injuries to the occupants during this incident.”

The police department declined to release further details pending an investigation. 

In a press statement, the Mayor’s Office thanked the LAPD for their prompt response and the quick apprehension of the alleged suspect. 

Getty House serves as the official residence of the elected Los Angeles mayor. Bass moved into the home in January 2023 after being elected mayor a month earlier. 

Bass served as a member of the U.S. House of Representatives from 2011 until 2022. A Democrat, she was once considered by then-Democratic presidential candidate Joe Biden to be his running mate. 

Bass, a left-wing Democrat, faced staunch opposition from the Los Angeles police union during her mayoral campaign. 

As a member of Congress, Bass spearheaded federal police reform efforts. 

According to KTLA, violent crime and homicide decreased in Los Angeles in 2023. However, property crime rose by 3.5 percent compared to 2022.  

Citywide thefts, including retail theft, skyrocketed by 16 percent, with at least 137 flash mob robberies occurring in 2023. 

Headline USA contacted Bass’s office for comments but did not immediately receive a response before this story’s publication. The LAPD did not respond to calls from Headline USA.

Newsom Panics ‘Overindulgence’ in Trump Trial Bolstering Political Support

(Luis Cornelio, Headline USA) California Gov. Gavin Newsom, a Democrat, expressed reservations regarding the excessive attention directed towards the ongoing trial involving former President Donald Trump.

The trial, which features widely criticized and dubious charges filed by Manhattan District Attorney Alvin Bragg, has prompted Newsom to caution against what he views as “overindulgence.” 

During a Sunday interview with MSNBC host Jen Psaki, as initially reported by Fox News, Newsom said the trial is inadvertently bolstering Trump’s political standing, aiding his popular presidential campaign. 

“When we are focusing on him, I do worry electorally that he has a slight advantage,” Newsom told Psaki. “And so, I am a little concerned about the overindulgence around the day-to-day.”

Moreover, Newsom emphasized the importance of addressing issues of importance to Democrats, such as abortion. 

“I get it, I totally get it,” he said in response to the media’s fixation on the trial. “The consequential nature of a criminal trial is profound and outsized, in some respect, but not more outsized than democracy, more outsized than Dobbs.” Here, Newsom referred to the Supreme Court case of Dobbs v. Jackson Women’s Health Organization, which overturned Roe v. Wade. 

In addition to highlighting the left-wing fight for abortion rights, Newsom drew attention to what he termed as “one of the biggest stories of the week,” meaning inclusion of Independent presidential candidate Robert F. Kennedy Jr. on the Michigan presidential ballot. 

“I tended to be in that camp a little less as it relates to our obsession of focus putting any more bright lights on someone who seeks them no matter how they are ill-conceived or ill-willed in ill-fated his current standing may be.”

Newsom’s remarks come against the backdrop of Trump’s trial, where he faces felony charges pursued by Bragg, stemming from alleged payments made to former porn star Stormy Daniels and Karen McDougal in 2016.  

Bragg claims that Trump falsified business records to facilitate these payments, purportedly aimed at protecting his presidential campaign from a potential scandal. 

Trump has vehemently denied these allegations, while critics have accused Bragg—a Democrat who campaigned for district attorney on the pledge to indict Trump—of employing a dubious legal theory to prosecute Trump.  

Specifically, Bragg alleges that Trump violated federal election laws by failing to declare the payments as campaign expenditures. However, Trump has not been charged with such a crime.

Lawmakers Decry U.S. Military’s Drift to DEI Culture

(Casey Harper, The Center Square) – The U.S. military’s ongoing embrace of the far-left culture war has drawn increased attention and ire from lawmakers.

Despite Pentagon officials waving off concerns, a steady stream of evidence has shown that the most progressive ideas on race, gender and sexuality have become the norm, in particular within the administrative parts of the U.S. military.

“The Biden Administration has made implementing woke Diversity, Equity, and Inclusion initiatives a more important mission than protecting Americans,” U.S. Rep. Bob Good, R-Va., told The Center Square. “Our military is strongest when it is focused on training patriotic men and women to become the most lethal fighting force in the world.”

In one recent example roundly mocked by critics, the U.S. Department of Defense called diversity a “strategic imperative” in a post on X, formerly Twitter.

“Diversity is a strategic imperative critical to mission readiness and accomplishment,” the February post said. “We were on site for the 2023 inaugural @DoD_ODEI Summit as DEIA experts led forums to advance the DEIA and DoD mission – because our people matter.”

The Pentagon has prioritized equity and diversity in hiring, promotion and recruitment and expanded roles specifically focused not on military readiness, but diversity.

Lawmakers argue the DEI focus is a wasteful distraction at best and dangerous at worst.

“Our U.S. Department of Defense must be solely focused on strengthening our military to counter and deter against all threats in an increasingly dangerous world,” U.S. Sen. Marco Rubio, R-Fla., told The Center Square. “Embracing woke culture rhetoric only makes our military appear unserious to our adversaries, especially China.”

U.S. Rep. Jim Banks, R-Ind., sent a letter to Defense Secretary Lloyd Austin earlier this month raising concerns about the emphasis on DEI during his tenure.

“DoD has made the outlandish claim that diversity is a ‘strategic imperative critical to mission readiness and accomplishment’ and argued that leveraging strategic diversity is the ‘the only way DoD will be able to outthink, outmaneuver, and outfight any adversary or threat,’” the letter said. “The White House’s Office of Management and Budget made the similarly unsupported allegation that numerous provisions in the House version of the FY24 NDAA aimed at eliminating or scaling back DEI positions and programs at DoD would put our military ‘at a strategic disadvantage.’”

Then, as the letter points out, the Pentagon created the Defense Advisory Committee on Diversity and Inclusion, yet another administrative equity effort.

“Each of the services have promoted diversity with similar overenthusiasm and disregard for taxpayers,” the letter said. “For example, the U.S. Air Force created a SAF/DI DEIA Progress Dashboard to evaluate its progress towards achieving diversity goals, the Secretary of the Navy issued a memorandum directing the Chief of Naval Operations to take six immediate actions to advanceDEI, and the U.S. Army published a detailed diversity, equity, inclusion and accessibility implementation plan.”

And those policies come with significant spending of taxpayer dollars.

“Despite the hiring freeze and a budget cap, the Department has inexplicably requested $162 million for DEI initiatives in Fiscal Year 2025,” the letter continued. “Before Congress spends any more of Americans’ tax dollars on these programs, I believe that the Office of Secretary of Defense must demonstrate their value.”

Rubio’s office released a report in 2022 with U.S. Rep. Chip Roy, R-Texas, on the role of DEI in the military laying out several examples that illustrate a larger trend.

In one case, as The Center Square previously reported, a slide show for the Air Force Academy cadets entitled, “Diversity & Inclusion: What it is, why we care, & what we can do,” cautions cadets to avoid using gendered language such as terms like “dad” and “mom.”

In another case, training West Point cadets were lectured on white privilege.

“The Chairman of the Joint Chiefs of Staff defended teaching CRT at U.S. Service Academies and testified to Congress about his desire to understand ‘white rage,’” the report said. “He argued that American taxpayer money should be spent to ensure cadets and midshipmen learn what ‘caused thousands of people to assault [the Capitol] Building and try to overturn the Constitution of the United States.’ The Biden Administration is choosing to focus on and fund the study of racial extremism even when – as the [“Countering Extremist Activity Working Group] showed – it is a virtual non-issue in the military.”

Critics point out the push to DEI is part of a larger effort across the entire federal government.

Mike Gonzalez of the Heritage Foundation argued the DEI ideas “have harmed military recruitment, put us at a disadvantage against our military rivals or commercial competitors, and have been shown not to work.”

“While we see some private corporations trying to walk away from DEI and banks trying to discreetly put ESG behind them – because these practices have proved divisive and money losing – the Biden Administration has continued to embrace DEI with both hands,” Gonzalez told The Center Square. “The reason? The people around the President and in key places throughout the administration are either committed ideologically to these ​theories, or they think that they must politically pander to the woke minority if they have a hope of winning in November.”

House Spent $95 Billion on Foreign Aid on Saturday

(Headline USA) The House has approved $95 billion in foreign aid for Ukraine and Israel in a rare weekend session as Democrats and Republicans banded together.

With an overwhelming vote Saturday, the $61 billion in aid for Ukraine passed in a matter of minutes. Many Democrats cheered on the House floor and waved blue-and-yellow flags of Ukraine.

Aid to Israel and the other allies also won approval by healthy margins.

The whole package will go to the Senate, which could pass it as soon as Tuesday. Joe Biden has promised to sign it immediately.

“We did our work here, and I think history will judge it well,” said a weary Speaker Mike Johnson, R-La.

Biden spoke separately with Johnson and Democratic leader Hakeem Jeffries to thank them.

“I urge the Senate to quickly send this package to my desk so that I can sign it into law and we can quickly send weapons and equipment to Ukraine to meet their urgent battlefield needs,” Biden said.

President Volodymyr Zelenskyy of Ukraine said he was “grateful” to both parties in the House and “personally Speaker Mike Johnson.”

Adapted from reporting by the Associated Press