The Daily Herold: August 29, 2025 – Gold Surges, Trump’s Pocket Rescission, and RFK Jr. Investigates Trans Shooter Drugs

Jon Herold wraps up the week with sharp analysis and a touch of humor, starting with gold’s historic surge as foreign banks now hold more gold than U.S. Treasuries for the first time since 1996. He unpacks Trump’s latest executive actions, including making federal architecture “beautiful again,” exempting national security agencies from collective bargaining, and cutting off federal grants for lobbying. The big headline is Trump’s use of a rare “pocket rescission” to cancel nearly $5 billion in foreign aid, a move that hasn’t been attempted since 1977. Herold also covers Trump canceling Kamala Harris’s Secret Service protection, deporting Guatemalan children, and canceling offshore wind subsidies. RFK Jr.’s investigation into SSRIs and hormone treatments in connection with transgender school shooters sparks further debate, while chatter about JD Vance as Trump’s successor draws skepticism. Packed with cultural asides, community updates, and even a Soft Disclosure shout-out, this episode blends heavy policy with Badlands banter.