June 2025
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Social Security, Medicare to Run Out of Money Earlier Than Expected
(Caroline Boda, The Center Square) The Social Security program is nine years away from insolvency, the Social Security Board of Trustees said Wednesday. This forecast moved up one year since 2024’s annual report, which projected the program to deplete its funding by 2035. Now that projection date is set at 2034. Medicare’s hospital trust fund…
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Report: Trump Privately Approved Plans To Attack Iran But Has Withheld Final Order
(Dave DeCamp, Antiwar.com) The Wall Street Journal reported on Wednesday that President Trump has told his top officials that he approved plans to attack Iran but is holding off on giving the final order for now. Sources told the Journal that Trump was waiting to see if Iran would agree to give up its nuclear program,…
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President Trump Told Netanyahu To ‘Keep Going’ in Iran
(Dave DeCamp, Antiwar.com) President Trump said on Wednesday that he told Israeli Prime Minister Benjamin Netanyahu in a phone call a day earlier to “keep going” with his attacks on Iran. The president told reporters that Netanyahu, who is wanted by the International Criminal Court for his role in war crimes in Gaza, is a “good…
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Longtime DEA Informant Charged in Alleged Scheme to Extort High-Level Cocaine Traffickers
(Headline USA) A drug informant who helped the U.S. Drug Enforcement Administration build some of its biggest cases has been arrested and charged with scheming to extort major cocaine traffickers facing extradition from Colombia and the Dominican Republic. Jorge Hernández, 57, was charged in a criminal complaint unsealed Wednesday with one count of conspiring to commit…
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SpaceX Rocket Being Tested in Texas Explodes, but No Injuries Reported
(Headline USA) A SpaceX rocket being tested in Texas exploded Wednesday night, sending a dramatic fireball high into the sky. The company said the Starship “experienced a major anomaly” at about 11 p.m. while on the test stand preparing for the tenth flight test at Starbase, SpaceX’s launch site at the southern tip of Texas. “A…
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Fed Holds Rates Steady as Stagflation Worries Mount
(Mike Maharrey, Money Metals News Service) Powell & Company at the Federal Reserve sees an elevated stagflation threat. In response, they decided to do nothing. The Fed held interest rates steady between 4.25 and 4.5 percent. Rates have remained at that level since last December. The official FOMC statement was little changed from the May meeting. The…
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Platinum Surges Past Another Hurdle in Relentless Rally
(Jesse Colombo, Money Metals News Service) After yesterday’s 4.49% surge, platinum has broken through the key $1,200 to $1,300 resistance zone that had been a major hurdle—an encouraging bullish signal. Last week, I published a detailed report on the bullish case for platinum—even though my usual focus is on gold and silver. In it, I highlighted several…
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Central Banks Double Down on Gold as Dollar Demand Weakens
(Money Metals News Service) This week’s Money Metals Midweek Memo podcast, hosted by Mike Maharrey, delivers a sharp and timely analysis of the accelerating global pivot away from the U.S. dollar and the growing strategic importance of gold. Maharrey ties together current events, economic indicators, and monetary trends to highlight how central banks are stacking gold while…
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FBI Settles Legal Challenge over Covenant Shooter’s Manifesto
(The Center Square) The FBI has settled litigation with a Tennessee newspaper over its previous refusal to release the manifesto written by the perpetrator of the March 2023 shooting at Covenant School. The Tennessee Star and others sued the FBI for the release of Audrey Elizabeth Hale’s manifesto after the agency denied it during the…
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Iran’s Khamenei Rejects Trump’s Demand for Surrender, Warns US Against Entering War
(Dave DeCamp, Antiwar.com) Iranian Supreme Leader Ayatollah Ali Khamenei on Wednesday rejected President Trump’s demand for an “unconditional surrender” and warned the US against entering the war by launching strikes on Iran, saying the US would suffer “irreparable harm.” Trump has also threatened Khamenei, claiming the US was aware of his location but wasn’t going to…
