DHS Approves Florida’s “Alligator Alcatraz” for Illegal Aliens

(José Niño, Headline USA) Florida’s latest immigration crackdown is taking a wild turn, as the Department of Homeland Security (DHS) approved a $450 million Everglades detention facility guarded by the Everglades’ fiercest wildlife.

According to a report by The Hill, this detention center, dubbed “Alligator Alcatraz” by state officials, will be built at the Dade-Collier Training and Transition Airport in the Everglades. Florida Attorney General James Uthmeier, who assumed office in February 2025 after serving as Governor Ron DeSantis’s chief of staff, initially proposed converting the “virtually abandoned Miami-Dade Collier Training Facility” into a detention center on Monday.

The facility will be located on a 30-square-mile area completely surrounded by the Everglades, with Uthmeier stating it “presents an efficient, low cost opportunity to build a temporary detention facility because you don’t need to invest that much in the perimeter.” The attorney general emphasized the natural security barrier, noting that if detainees escape, “there’s not much waiting for them other than alligators and pythons.”

The remote location sits approximately 36 miles from Miami’s business center and just 6 miles from Everglades National Park.

DHS Secretary Kristi Noem announced that the facilities would be “in large part be funded by” the Federal Emergency Management Agency’s Shelter and Services Program, which Congress originally created to support communities receiving migrants and asylum-seekers released from federal custody.

Noem declared, “Under President Trump’s leadership, we are working at turbo speed to deliver cost-effective and innovative ways to deliver on the American people’s mandate for mass deportations of criminal illegal aliens.”

The facility is expected to cost approximately $450 million annually to operate, though Florida can request federal reimbursement, per a report by BBC.

Construction has recently started, with Uthmeier announcing that federal approval came after meeting with Border Czar Tom Homan. According to WPTV, detention center will consist of “heavy-duty tent facilities” and “trailer facilities” designed to house up to 1,000 detainees initially, with plans to expand capacity to 5,000 beds across multiple Florida facilities by early July.

Dead Democrat Makes an Endorsement for Congress… From the Grave?

(Luis CornelioHeadline USA) Rep. Gerry Connolly, R-Va., on Tuesday endorsed his former chief of staff for the Democratic nomination to replace him in Congress. There’s just one problem: Connolly passed away last month. 

The endorsement, posted from Connolly’s campaign account, urged voters in Virginia’s 11th congressional district to support James Walkinshaw, a Fairfax County supervisor and Connolly’s chief of staff from 2009 to 2019. 

The special election will be held on Sept. 9, while the primaries are set for June 28.

“Let’s honor that legacy and vote for bold leadership that’ll fight for us every day,” the post read, alongside a photo of Connolly and Walkinshaw. 

Connolly died on May 21 after a battle with esophageal cancer. Just weeks earlier, he had announced he would not seek re-election and stepped down as the ranking member of the House Oversight Committee.

“His absence will leave a hole in our hearts, but we are proud that his life’s work will endure for future generations,” Connolly’s family said at the time. And indeed, his legacy continued—at least online. 

Some users on X found the post strange, given Connolly has been dead for several weeks. But the late congressman actually endorsed Walkinshaw before his death, on May 7, roughly two weeks prior. 

“This is not a moment for on-the-job training. We need a strong representative, experienced in addressing national issues that affect our community, who can stand up to Trump and lead from day one,” Connolly said. “I believe James Walkinshaw is that leader.” 

RFK Jr. Wants ‘Every American’ Wearing Trackers w/in Four Years

(Luis CornelioHeadline USA) Health Secretary Robert F. Kennedy Jr. left some social media users scratching their heads when he said he wants all Americans to wear devices that track their health metrics.  

Testifying Tuesday before the House Energy Committee, Kennedy was asked by Rep. Troy Balderson, R-Ohio, if he backed Americans wearing such devices. 

“Absolutely,” Kennedy said. “In fact, we’re about to launch one of the biggest advertising campaigns in HHS history to encourage Americans to use wearables.” 

Some interpreted his remarks as endorsing government-mandated, collective health-tracking devices. 

Kennedy pitched the devices as a way for people to “take control” of their health and make appropriate changes when needed. 

“They can take responsibility,” he added. “They can see, as you know, what food is doing to their glucose levels, their heart rates, and a number of other metrics. … They can begin to make good judgments about their diet, about their physical activity, about the way that they live their lives.” 

Kennedy ultimately branded wearables as “key” to President Donald Trump’s Make America Healthy Again agenda. “My vision is that every American is wearing wearables within four years,” he continued. 

On X, critics warned Kennedy’s comments sounded like a pitch for government-issued trackers that collect personal data, though he never said HHS would distribute the devices itself. 

Some of the gadgets include smartwatches and fitness trackers, which feature technology capable of monitoring blood pressure or running electrocardiograms. 

It’s unclear how many Americans would embrace life-logging government tech or whether Trump would back such a proposal in the first place. 

Deep State Leakers Say U.S. Strikes Only Delayed Iran’s Nuclear Program by Months

(Headline USAA U.S. intelligence report suggests that Iran’s nuclear program has been set back only a few months after U.S. strikes and was not “completely and fully obliterated” as President Donald Trump has said, according to two people familiar with the early assessment.

The report issued by the Defense Intelligence Agency on Monday contradicts statements from Trump and Israeli Prime Minister Benjamin Netanyahu about the status of Iran’s nuclear facilities. According to the people, the report found that while the Sunday strikes at the Fordo, Natanz and Isfahan nuclear sites did significant damage, the facilities were not totally destroyed. The people were not authorized to address the matter publicly and spoke on condition of anonymity.

The U.S. has held out hope of restarting negotiations with Iran to convince it to give up its nuclear program entirely, but some experts fear that the U.S. strikes — and the potential of Iran retaining some of its capabilities — could push Tehran toward developing a functioning weapon.

The assessment also suggests that at least some of Iran’s highly enriched uranium, necessary for creating a nuclear weapon, was moved out of multiple sites before the U.S. strikes and survived, and it found that Iran’s centrifuges, which are required to further enrich uranium to weapons-grade levels, are largely intact, according to the people.

At the deeply buried Fordo uranium enrichment plant, where U.S. B-2 stealth bombers dropped several 30,000-pound bunker-buster bombs, the entrance collapsed and infrastructure was damaged, but the underground infrastructure was not destroyed, the assessment found. The people said that intelligence officials had warned of such an outcome in previous assessments ahead of the strike on Fordo.

The White House pushes back

The White House strongly pushed back on the DIA assessment, calling it “flat-out wrong.”

“The leaking of this alleged assessment is a clear attempt to demean President Trump, and discredit the brave fighter pilots who conducted a perfectly executed mission to obliterate Iran’s nuclear program,” White House press secretary Karoline Leavitt said in a statement. “Everyone knows what happens when you drop fourteen 30,000 pound bombs perfectly on their targets: total obliteration.”

The CIA and the Office of the Director of National Intelligence declined to comment on the DIA assessment. ODNI coordinates the work of the nation’s 18 intelligence agencies, including the DIA, which is the intelligence arm of the Defense Department, responsible for producing intelligence on foreign militaries and the capabilities of adversaries. The Israeli government also has not released any official assessments of the U.S. strikes.

Trump special envoy Steve Witkoff, who said he has read damage assessment reports from U.S. intelligence and other nations, reiterated Tuesday night that the strikes had deprived Iran of the ability to develop a weapon and called it outrageous that the U.S. assessment was shared with reporters.

“It’s treasonous so it ought to be investigated,” Witkoff said on Fox News Channel.

Trump has said in comments and posts on social media in recent days, including Tuesday, that the strike left the sites in Iran “totally destroyed” and that Iran will never rebuild its nuclear facilities.

Netanyahu said in a televised statement on Tuesday that, “For dozens of years I promised you that Iran would not have nuclear weapons and indeed … we brought to ruin Iran’s nuclear program.” He said the U.S. joining Israel was “historic” and thanked Trump.

The intelligence assessment was first reported by CNN on Tuesday.

Outside experts had suspected Iran had likely already hidden the core components of its nuclear program as it stared down the possibility that American bunker-buster bombs could be used on its nuclear sites.

Bulldozers and trucks visible in satellite imagery taken just days before the strikes have fueled speculation among experts that Iran may have transferred its half-ton stockpile of enriched uranium to an unknown location. And the incomplete destruction of the nuclear sites could still leave the country with the capacity to spin up weapons-grade uranium and develop a bomb.

Iran has maintained that its nuclear program is peaceful, but it has enriched significant quantities of uranium beyond the levels required for any civilian use. The U.S. and others assessed prior to the U.S. strikes that Iran’s theocratic leadership had not yet ordered the country to pursue an operational nuclear weapon, but the head of the International Atomic Energy Agency has repeatedly warned that Iran has enough enriched uranium to make several nuclear bombsshould it choose to do so.

Vice President JD Vance said in a Monday interview on Fox News Channel that even if Iran is still in control of its stockpile of 408.6 kilograms (900.8 pounds) of enriched uranium, which is just short of weapons-grade, the U.S. has cut off Iran’s ability to convert it to a nuclear weapon.

“If they have 60% enriched uranium, but they don’t have the ability to enrich it to 90%, and, further, they don’t have the ability to convert that to a nuclear weapon, that is mission success. That is the obliteration of their nuclear program, which is why the president, I think, rightly is using that term,” Vance said.

Approximately 42 kilograms of 60% enriched uranium is theoretically enough to produce one atomic bomb if enriched further to 90%, according to the U.N. nuclear watchdog.

What experts say

Iranian Foreign Minister Abbas Araghchi informed U.N. nuclear watchdog chief Rafael Grossi on June 13 — the day Israel launched its military campaign against Iran — that Tehran would “adopt special measures to protect our nuclear equipment and materials.”

American satellite imagery and analysis firm Maxar Technologies said its satellites photographed trucks and bulldozers at the Fordo site beginning on June 19, three days before the Americans struck.

Subsequent imagery “revealed that the tunnel entrances into the underground complex had been sealed off with dirt prior to the U.S. airstrikes,” said Stephen Wood, senior director at Maxar. “We believe that some of the trucks seen on 19 June were carrying dirt to be used as part of that operation.”

Some experts say those trucks could also have been used to move out Iran’s enriched uranium stockpile.

“It is plausible that Iran moved the material enriched to 60% out of Fordo and loaded it on a truck,” said Eric Brewer, a former U.S. intelligence analyst and now deputy vice president at the Nuclear Threat Initiative.

Iran could also have moved other equipment, including centrifuges, he said, noting that while enriched uranium, which is stored in fortified canisters, is relatively easy to transport, delicate centrifuges are more challenging to move without inflicting damage.

Apart from its enriched uranium stockpile, over the past four years Iran has produced the centrifuges key to enrichment without oversight from the U.N. nuclear watchdog.

Iran also announced on June 12 that it has built and will activate a third nuclear enrichment facility. IAEA chief Grossi said the facility was located in Isfahan, a place where Iran has several other nuclear sites. After being bombarded by both the Israelis and the Americans, it is unclear if, or how quickly, Isfahan’s facilities, including tunnels, could become operational.

But given all of the equipment and material likely still under Iran’s control, this offers Tehran “a pretty solid foundation for a reconstituted covert program and for getting a bomb,” Brewer said.

Kelsey Davenport, director for nonproliferation policy at the Arms Control Association, a nonpartisan policy center, said that “if Iran had already diverted its centrifuges,” it can “build a covert enrichment facility with a small footprint and inject the 60% gas into those centrifuges and quickly enrich to weapons grade levels.”

But Brewer also underlined that if Iran launched a covert nuclear program, it would do so at a disadvantage, having lost to Israeli and American strikes vital equipment and personnel that are crucial for turning the enriched uranium into a functional nuclear weapon.

Adapted from reporting by the Associated Press

ISIS-Inspired Drone War Plans Leaked from US National Security Council

(José Niño, Headline USA) According to leaked documents, British and American academics advised the U.S. National Security Council to encourage Ukraine to adopt ISIS-style drone tactics against Russian railways.

In a report published by investigative journalist Kit Klarenberg for The Grayzone on Monday, Project Alchemy, a secret academic-intelligence cell whose mission was “to keep Ukraine fighting” by imposing “strategic dilemmas, costs and frictions upon Russia” was revealed as the network allegedly behind these plans.

The academic recommendations were delivered to Colonel Tim Wright, who served as the Biden administration’s Director for Russia at the National Security Council from August 2021 to July 2022. The proposals came from three key drone experts within a broader Ukraine Working Group composed of “approximately 60 experts hailing from states throughout NATO” who sought to “assist Ukraine’s defense (short of deploying combat forces).”

Zachary Kallenborn from George Mason University’s Schar School advocated for “two-stage attacks like ISIS did frequently” on Russian railways, recommending Ukraine “break the track, and wait for the engineers to come to fix it, then use the drone to kill them.” An unnamed Durham University researcher identified as “M.E.D.” cited Islamic State’s “innovative” use of drones as documented in a July 2018 West Point paper, suggesting commercial drones could be “modified via a simple drop mechanism… to serve as effective munitions delivery platforms.”

Dominika Kunertova, formerly of ETH Zurich’s Center for Security Studies and currently directing drone warfare research at the Atlantic Council, recommended targeting “anything that uses” railroads as opposed to the infrastructure itself. These academic blueprints proved prophetic when Ukraine launched Operation Spider Web late last month conducting bold drone attacks inside Russia that killed seven people and injured more than 30, including two children.

The timing proved particularly significant as these attacks took place “on the eve of scheduled negotiations between Russia and Ukraine.” Ukrainian forces subsequently destroyed a Russian fuel train late last month using a DJI Mavic III drone, one of the specific models Kallenborn had recommended for modification. The attacks continued through this month with Operation Spiderweb 2.0, demonstrating how the “British-born strategy has heavily influenced the thinking of Kiev’s increasingly desperate military.”

José Niño is the deputy editor of Headline USA. Follow him at x.com/JoseAlNino 

Powell Holds Ground before Congress amid Pressure from Trump

(The Center Square) Federal Reserve Chairman Jerome Powell told Congress on Tuesday that economic data merited lower interest rates but that tariffs could undo the central bank’s fight to tame inflation.

“If you just look in the rearview mirror and look at the existing data that we’ve seen, you can make a good argument that that would call for us to be at a neutral level, which would be, maybe, a couple of cuts or maybe more,” Powell said. “The reason we’re not is the forecast. All professional forecasters on the outside and in the Fed do expect a meaningful increase in inflation over the course of this year.”

Under pressure from President Donald Trump to lower interest rates, Powell tried to avoid the political fray as he faced questions from Democrats and Republicans at a House Financial Services Committee hearing.

“If it turns out that inflation pressures do remain contained, we will get to a place where we cut rates sooner rather than later, but I wouldn’t want to point to a particular meeting,” Powell said.

Trump told Congress before the hearing got underway to put pressure on Powell.

“‘Too Late’ Jerome Powell, of the Fed, will be in Congress today in order to explain, among other things, why he is refusing to lower the Rate,” Trump wrote in a social media post. “Europe has had 10 cuts, we have had ZERO. No inflation, great economy – We should be at least two to three points lower.”

Trump said the central bank should take action before it costs taxpayers.

“Would save the USA 800 Billion Dollars Per Year, plus,” the president said. “What a difference this would make. If things later change to the negative, increase the Rate. I hope Congress really works this very dumb, hardheaded person, over. We will be paying for his incompetence for many years to come.”

U.S. Rep. French Hill, chairman of the committee, asked Powell why he raised concerns this year about tariffs, but didn’t speak out in 2021 when Democrats sought to sharply increase federal spending through the $1.9 trillion American Rescue Plan.

“In February of 2021, you told us in this committee that you would stay in your lane and not comment on President Biden’s proposal for the American rescue plan,” Hill, R-Ark., said. “But here in this year, you have commented on this idea of tariffs being sent by the executive branch. Are tariffs in your lane but huge fiscal spending by the Biden administration not in your lane?”

Powell said he had not commented on tariffs.

“We haven’t commented and it would be inappropriate to comment on the policy of tariffs,” Powell said. “We don’t have a view, it’s not our job and we just wouldn’t do that – just as we wouldn’t comment on the reconciliation package that you’re working on now.”

He continued: “We’re not commenting on tariffs, what our job is is inflation, keeping inflation under control and also keeping maximum employment. And when policies have what appear to be short and medium-term meaningful implications for that, then the inflation, not the policies, becomes our job.”

Powell also said there was more than one way forward.

“Many paths are possible here,” he said.

Committee members from both parties hit Powell with questions on everything from tariffs, to the proposed ceasefire in the Middle East and what could be done to make homeownership more accessible.

Most financial forecasts take a dim view of Trump’s efforts to reorder the global economy through tariffs, which are taxes on imports paid by the company importing the products. The company can absorb the taxes or try to pass them on to consumers through higher prices.

Earlier this month, the World Bank cut its annual economic growth forecast, saying Trump’s tariffs posed a “significant headwind” for nearly all economies. The bank slashed its forecast for 2025 by 0.4 percentage points to 2.3%.

In April, the International Monetary Fund projected global growth would reach 2.8% this year and 3% next year, a cumulative downgrade of about 0.8 percentage points relative to the IMF’s January update.

“Beyond the abrupt increase in tariffs, the surge in policy uncertainty is a major driver of the economic outlook,” Pierre‑Olivier Gourinchas, IMF’s chief economist, said at the time. “If sustained, the increasing trade tensions and uncertainty will slow global growth significantly.”

Powell delivered a similar assessment this spring.

“The level of the tariff increases announced so far is significantly larger than anticipated,” Powell said in prepared remarks at the Economic Club of Chicago in April. “The same is likely to be true of the economic effects, which will include higher inflation and slower growth.”

Economists, businesses and some publicly traded companies have warned that tariffs could raise prices on a wide range of consumer products.

Trump has said he wants to use tariffs to restore manufacturing jobs lost to lower-wage countries in decades past, shift the tax burden away from U.S. families, and pay down the national debt.

Shaky Israel-Iran Ceasefire Appears To Hold After Trump Tells Israel To Stop the Bombing

(Dave DeCamp, Antiwar.comA fragile ceasefire between Israel and Iran appears to be holding after it got off to a shaky start, and President Trump publicly urged Israel to stop the bombing.

Trump announced the truce on Wednesday night, which was followed by heavy Israeli attacks on Tehran. Iran then hit back with several waves of ballistic missile strikes.

“[Iran] violated it, but Israel violated it too,” Trump told reporters on the White House lawn before boarding Marine One to go to the NATO summit in The Hague. “Israel, as soon as we made the deal, they came out and dropped a load of bombs the likes of which I’ve never seen before, the biggest load that we’ve seen. I’m not happy with Israel.”

When Trump announced the ceasefire, he said it would take effect in 12 hours. “When I say, ok, now you have 12 hours, you don’t go out in the first hour and just drop everything you have on them. So I’m not happy with them. I’m not happy with Iran either, but I’m really unhappy if Israel is going out this morning because of one rocket,” Trump said.

“We have two countries that have been fighting so long and so hard that they don’t know what the f–k they are doing,” the president added.

According to a report from Axios, Iran fired three missiles that were either intercepted or landed in open areas, and Israel sent fighter jets to bomb Iran about the same time Trump was speaking to reporters. After his comments, Trump wrote on Truth Social, “ISRAEL. DO NOT DROP THOSE BOMBS. IF YOU DO IT IS A MAJOR VIOLATION. BRING YOUR PILOTS HOME, NOW! DONALD J. TRUMP, PRESIDENT OF THE UNITED STATES.”

The Axios report said that Israeli Prime Minister Benjamin Netanyahu then spoke to Trump and said he could cancel the airstrikes, but that Israel significantly scaled back the planned attack and targeted only one radar system. In a follow-up post, Trump said, “ISRAEL is not going to attack Iran. All planes will turn around and head home, while doing a friendly “Plane Wave” to Iran. Nobody will be hurt, the Ceasefire is in effect! Thank you for your attention to this matter! DONALD J. TRUMP, PRESIDENT OF THE UNITED STATES.”

Since this morning, both Iran and Israel have acknowledged the ceasefire. Iran’s Supreme National Security Council (SNSC) credited the Iranian military’s response and counterattacks as the reason why Israel decided to halt its war and said it was ready to respond if Israel violated the truce.

In a statement on the ceasefire, Netanyahu said he decided to refrain from additional attacks on Iran after a conversation with Trump.

This article originally appeared at Antiwar.com.

 

Cover-up? Fertility Clinic Bomber’s Alleged Accomplice Dies in Custody

(Ken Silva, Headline USA) The truth about the May 17 bombing of a fertility clinic in California may never be known now that the bomber’s alleged accomplice has died in federal custody just weeks after his arrest.

Prison officials said Tuesday that Daniel Park, 32, was found unresponsive in Metropolitan Detention Center in Los Angeles Tuesday morning and was pronounced dead at the hospital. No cause of death was provided.

Park, of suburban Seattle, was accused of supplying chemicals to Guy Edward Bartkus of California, the bomber, who died in the May 17 explosion.

The sudden death further obscures an already murky case, in which the FBI was reportedly seen in the bomber’s neighborhood ahead of the attack. At the FBI’s press conference on May 19, a reporter from the area’s local News Channel 3 asked about the matter. The press conference was shut down immediately after her question.

“We had a reporter on scene at the Twentynine Palms area yesterday, and community members were telling her that there was an FBI presence there in the days leading up to that. Can you confirm that?” the reporter asked.

“I cannot,” responded Akil Davis, the assistant director in charge of the FBI’s Los Angeles office.

Another FBI official immediately piped in, ending the conference just as Davis was about to take another question: “OK folks, we’re done here.”

Park and Bartkus allegedly connected in fringe online forums over their shared beliefs against human procreation, authorities told reporters Wednesday. The blast gutted the fertility clinic in Palm Springs and shattered the windows of nearby buildings, with officials calling the attack terrorism and possibly the largest bomb scene ever in Southern California. The clinic was closed, and no embryos were damaged.

Park shipped 180 pounds of ammonium nitrate to Bartkus in January and bought another 90 pounds and had it shipped to him days before the explosion, authorities said. Park purchased ammonium nitrate online in several transactions between October 2022 and May 2025, according to a federal complaint.

Three days before Park visited him in January, Bartkus asked an AI chat application about explosives, detonation velocity, diesel and gasoline mixtures, the complaint said. The discussion centered on how to create the most powerful blast.

Authorities said Park traveled to California to experiment with them in the bomber’s garage months before the attack.

Park was taken into custody at New York’s John F. Kennedy Airport, after he was extradited from Poland, where he fled to four days after the attack. Park had been charged with providing and attempting to provide material support to terrorists.

Ken Silva is the editor of Headline USA. Follow him at x.com/jd_cashless.

Headline Rewind: Our Best Stories from the Week June 15-22

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(Ken Silva, Headline USA) Watch our video breakdown of our best stories from last week, and find the time stamps and links below:

0:20: EXCLUSIVE: Judicial Watch Asks a Judge to Review Trump Shooting 911 Call after Police Ignore Lawsuit

EXCLUSIVE: Judicial Watch Asks a Judge to Review Trump Shooting 911 Call after Police Ignore Lawsuit

2:12: Israeli PM Claims Iran Was Responsible for Trump Assassination Attempts

Israeli PM Claims Iran Was Responsible for Trump Assassination Attempts

 

3:40: Democratic Party-Aligned Group Covertly Working w/ Arizona AG in ‘Fake Electors’ Case

Democratic Party-Aligned Group Covertly Working w/ Arizona AG in ‘Fake Electors’ Case, Court Filing Reveals

 

5:30: Utah Senator Mike Lee Proposes Largest Public Land Sale in U.S. History

Utah Senator Mike Lee Proposes Largest Public Land Sale in U.S. History

Ken Silva is the editor of Headline USA. Follow him at x.com/jd_cashless.

Silver Price Shows What Government Has Done to Our Money

(Douglas French, Money Metals News Service) You hear about gas prices every day. The President brags that per-gallon prices have dropped to $1.99 in some places.

After paying over $4.00 here in Las Vegas, I wonder where he is talking about. He ran on bringing down prices at the pump, saying “drill baby drill” constantly at his rallies.

But, in real terms, gas prices have gone down. A line from a Wall Street Journal piece illustrates the point.

Silver’s rally has made it worth the effort to sift through coin jars looking for old dimes, quarters and half dollars. The melt value of 25-cent coins minted from before 1965, when they were made of silver, is more than $6.50.”

I’m old enough to remember 25-cent gas. And, someone pumped the gas for you, checked your oil, and the air pressure in your tires.

During lunch with an old friend, he told me his kids don’t know what cash is, let alone pre-1965 quarters.

No wonder monetary matters don’t really matter to Americans, especially young folk.

No one seems concerned about the constant devaluation of the dollar. They blame high prices on whoever is president or corporate greed. The idea that the problem is the constant creation of more money escapes them.

As Ludwig von Mises wrote:

“What people today call inflation is not inflation, i.e., the increase in the quantity of money and money substitutes, but the general rise in commodity prices and wage rates which is the inevitable consequence of inflation. This semantic innovation is by no means harmless.”

The WSJ reports of people selling silver and some that are buying.

“Daniel Herzner, who owns businesses that buy and sell estate jewelry in White Plains, N.Y., said his phone is ringing frequently with customers eager to sell jewelry and flatware that they inherited or no longer need.”

“They’d rather turn it into cash,” he said.

Cash that’s value will disintegrate.

Published on Mises Institute.