It’s the post hoc ergo propter hoc fallacy. Once you see them doing it, you see them doing it all the time, especially in financial news when it’s very difficult to assign one event as THE cause.

Taking their statement at face value, there is no way they could possibly have known that holders of precious metals in general didn’t like the Warsh appointment and decided on that basis to sell, before they rushed to print the narrative. There wasn’t time to poll anyone.

There’s not enough people buying gold and silver at retail to move the market much, but they’ve been reporting that it has been increasingly difficult to sell physical gold and silver as the price has been going up. Dealers are reluctant to pay when the prices move so much in one day, and refiners are backlogged and can’t pay dealers on time. But the market is moving on derivatives and transfers of large amounts of physical gold and silver between large holders of gold and silver like central banks. There’s been some glitches in payments and fulfillments and one Chinese exchange has failed scandalously. I imagine it’s a combination of these things.

But even following this news in detail I can’t attribute it to any one thing. I know for a fact the legacy media can’t.

Interesting that you use the word “debasement” about paper money. The word literally means to add base metal to precious metal currency. There are many ways to manipulate the currency and metal currencies are not immune.

About 60 years before Niketas Choniates was born, Emperor Alexios I Komnenos reformed the gold currency, which contained practically zero gold by that time, and minted the hyperpyron, literally named “highly refined” but only 20.5 K in our measure (for context American Gold Eagles are 22 K, American Gold Buffalos are 0.9999). By the time Niketas Choniates was old they were being debased again.

This is a standard practice of media and con men.
Statistically, anything can be used to “prove” anything else if there is some kind of correlation – which, as my stats profs never tired of saying, is not the same as causation.

And a correlation is several steps in significance above the statement “following news that…” as you noted.

Remember the classic: Women’s skirt lengths determine the rise and fall of the stock market.

It even has a name!
https://en.wikipedia.org/wiki/Hemline_index

The article mentions another favorite misused statistic: lead (and lag) times.
The proof that these are often (but not always!) bogus is left as an exercise for the reader.

Presently foreign nations own about 9 TRILLION $$$ of US debt and in total, the US debt is about 38 TRILLION $$$$$.
There does not appear – so far – any policies to begin reducing this massive debt.

As best as I can discern, Trump believes an expanding economy can bring in enough revenue to begin dealing with this really serious problem.
It’s safe to say that aside from someone like Rand Paul, there is no one in the entire US Congress that believes cutting spending should be considered.

By the way, the FED does not have any money at all. They press a key on a computer screen, and voila, they “buy” or “pay” whatever they believe needs to be bought or sold.
They do make interest/dividend income on the paper they own (e.g. US Treasuries, mortgage bonds, etc) , – but if they need more money, they simply create it out of thin air.

In the 1930s, the USA did in fact default on the Treasuries they had sold. Back then, it was normal that dividends paid to bond holders of US debt, would be paid in gold. FDR, unilaterally and with no warning ended that, which caused a massive decline in the value of the dollar. In effect, this was a default.

Of course an easier way to default is to print money like crazy resulting in the debasement of the currency; i.e., inflation.

the nominees like Lisa Cook, were at best substandard, at worst corrupt

also it’s funny, how the Minneapolis Fed governor, Kashkari seems to have gone Basenghi, alot of many seems to have slipped his scrutiny,

Central Bankers, here and across the pond, have been rather mediocre, or worse, when they get promoted like Carney, who is well above his level of confidence,

circling back, greenspan tenure was more uneven then we think, he kept rates low, then the spike in 1999-2001, collapsed the tech bubble, and had ruinous effects in South American debt portfolio,

in 2004-2006, he did a similar thing, upset the precarious house of cards, that the subprime bubble, rested on, when the
ARMs reset, Apres the Deluge,

we know Tillis face card, why didn’t he bring this conecern up sooner,

https://archive.fo/afofN

And speaking of the WSJ, he’s OK by the Editorial Board.

Warsh Is the Right Fed Choice
https://archive.fo/lXG4E

The Fed is audited annually. Since they can create money at will I’m not sure what another audit is supposed to reveal anyway.

violating GAAP rules or norms

Linked article didn’t have enough detail to tell if GAAP is or isn’t being followed. There’s nothing inherently sinister about deferred assets though the article tries to make us think so by putting it in sneer quotes and the Fed didn’t invent accounting of deferred assets despite the article’s implication that they did. I’m not sure if GAAP is even the best accounting standard for an entity like the Fed.

Alex Pollock suggests the Fed’s practices need to be audited as violating GAAP rules or norms:
https://lawliberty.org/duplicity-at-the-fed Duplicity at the Fed: The Federal Reserve is losing billions of taxpayer dollars, and concealing this through dubious accounting practices.
by Paul H. Kupiec & Alex J. Pollock July 2, 2025
This would seem to merit greater political and legal attention than any concerns about a building project going over budget.