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Wednesday, November 6, 2024

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Senate Report: High-End European Autos Made w/ Parts from Chinese Slave Labor

(Headline USA) BMW, Jaguar Land Rover and Volkswagen have bought parts made by a Chinese company sanctioned under a 2021 law for using forced labor, a Senate inquiry found, prompting lawmakers to call for stricter enforcement. The automakers responded to the Senate report, released Monday, by saying they have taken action to...

Lawmakers to Grill Biden’s Energy Sec. over Energy Costs, Regulations

(Casey Harper, The Center Square)  Lawmakers will grill Joe Biden’s Energy Secretary at a newly announced oversight hearing scheduled for Thursday. Energy Secretary Jennifer Granholm is expected to face lawmakers for questions amid elevated gas prices, a depleted strategic petroleum reserve, and ongoing criticism of Biden’s energy policies. According to AAA,...

Taxpayers Lose Billions to Government Overlap, Duplication

(Brett Rowland, The Center Square) – Overlap and duplication cost taxpayers billions, according to a new report from a Congressional watchdog. The U.S. Government Accountability Office's annual report identified opportunities to save billions of dollars by reducing overlap, duplication and fragmentation across the federal government. The report outlines 112 measures that...

Kamala’s Claims Expose Dark Realities of the ‘Inflation Reduction Act’

(Luis Cornelio, Headline USA) It's safe to say Vice President Kamala Harris can’t keep a secret, as she recently shed light on Democrats' hidden agenda concerning an "inflation" bill.  On Friday, Harris affirmed that the Biden administration is “dropping trillions of dollars on streets of America right now” through the infamous Inflation...

Could We See $27,000 Gold?

(Mike Maharrey, Money Metals News Service) Could we see $27,000 gold? That seems far-fetched but financial analyst and investment banker Jim Rickards makes the case that it could happen. Gold charted a big rally in recent months, hitting a new all-time high of over $2,400 an ounce last month. Even...

Silver on the Launch Pad, Eyeing Run to $40

(Brien Lundin, Money Metals News Service) Gold steals most of the headlines, but silver has stealthily set itself up for a potential run to $40. After nearly 40 years in this business, I’ve read, listened to, watched, and talked with countless thousands of very smart people. I was reminded of the...

U.S. Government Ran Big Surplus in April But Don’t Get Excited

(Mike Maharrey, Money Metals News Service) The U.S. government ran a rare surplus in April, but don’t get too excited. The Biden administration hasn’t slowed down the spending train, and more budget shortfalls loom on the horizon.  The Biden administration ran a $209.5 billion surplus in April thanks to an...

Corruption Trial Begins for Sen. Bob Menendez, Two Alleged Co-Conspirators

(Headline USA) Jury selection was scheduled to start Monday in the trial of Sen. Bob Menendez, a Democrat charged with accepting bribes of gold and cash to use his influence to deliver favors that would aid three New Jersey businessmen. Menendez, 70, will stand trial in Manhattan federal court along with two of...

Money Metals Podcast: Ken Silva Discusses Federal Reserve’s Secrecy

(Money Metals News Service) Investigative reporter Ken Silva with Headline USA uncovers the Fed's hidden powers and gold secrets in a riveting Money Metals Exchange podcast with host Mike Maharrey. In a revealing episode of the Money Metals podcast, host Mike Maharrey is joined by Ken Silva, an investigative reporter...

Gold Up 4 Percent in April Despite Headwinds

(Mike Maharrey, Money Metals News Service) Gold was up 4 percent in April, despite some profit-taking, along with headwinds from a strong dollar and waning hope for an interest rate cut. Gold hit a new all-time high of 2,431 in April, but pulled back later in the month as hopes...

U.S. Rep. Introduces Bill to End Federal Tax on Gold and Silver

(Money Metals News Service) U.S. Rep. Alex Mooney, R-W.Va., has re-introduced sound money legislation to remove all federal income taxation from gold and silver coins and bullion. The Monetary Metals Tax Neutrality Act (H.R. 8279) backed by the Sound Money Defense League, Money Metals Exchange, and free-market activists – would...

Jim Grant: The Federal Reserve Is Broke!

(Mike Maharrey, Money Metals News Service) The Federal Reserve is losing billions of dollars. As financial journalist and market analyst Jim Grant put it during a recent interview on Fox Business, the Fed is actually broke. But most people don't seem concerned about the central bank's financial condition. They are...
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