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Thursday, December 26, 2024

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Biden Picks Successor for FDIC Chair Who Resigned Due to Toxic Workplace

(Headline USA) President Joe Biden will nominate Christy Goldsmith Romero to replace Martin Gruenberg as head of the Federal Deposit Insurance Corporation. The announcement from the White House on Thursday came after Gruenberg’s tenure became marred by allegations of workplace abuse that led to him to resign. A longtime financial regulator,...

Inflation Is Dead! Or Is It?

(Mike Maharrey, Money Metals News Service) Strike up the band and wave the victory banners! Inflation is dead! Or is it? The May Consumer Price Index (CPI) report was cause for optimism. But price inflation is like that stubborn weed in the driveway. Just when you think you’ve killed it...

GOP Funding Bill Includes Billions for Globalist-Backed Illegal U.S. Invasion

(Dmytro “Henry” Aleksandrov, Headline USA) It was revealed that a funding bill from House Republicans includes billions for the massive invasion of illegal aliens backed by the United Nations' International Organization for Migration (IOM).  The news about the globalists' plan came as Steve Marchese, who previously spent 21 years working...

Trump Tells Crowd of Supporters He Won’t Tax Tips

(Matthew Doarnberger, Headline USA) Speaking to a crowd of supporters in Las Vegas on Sunday, former president Donald Trump declared that, if re-elected, he would end taxation on tips for those in the service industry, according to The Hill. “For those hotel workers and people that get tips, you’re going...

What Do We Make of the Recent Knee-Jerk Gold Selloff?

(Mike Maharrey, Money Metals News Service) Gold crashed through several support levels on Friday. The yellow metal plunged from $2,376 Thursday to under $2,300 by Friday afternoon. The mainstream financial media bandied about two primary reasons for the big kneejerk selloff, and neither seem like particularly good reasons to sell...

Full-Time Jobs Vanish Under Biden; Americans Desperate for Anything

(Dmytro “Henry” Aleksandrov, Headline USA) The Bureau of Labor Statistics data released on June 7, 2024, showed that many Americans took up part-time jobs last month because full-time jobs disappeared because of destructive Joe Biden's economy. The BLS revealed that around 133.3 million people in the United States had full-time jobs...

REPORT: U.S. Has Wasted at Least $11M on Taliban Since Withdrawal

(Casey Harper, The Center Square) After two decades at war with the Taliban, the U.S. government is now sending millions of taxpayer dollars to the terrorist group. The Taliban resumed power in Afghanistan immediately after the chaotic and deadly withdrawal of U.S. troops earlier in the Biden administration. A new federal...

Silver Shines in the Precious Metals Market

(Money Metals News Service) Welcome to the Money Metals Midweek Memo, hosted by Mike Maharrey, where we discuss news and commentary related to sound money, precious metals markets, and the economy. Today's focus is on silver, often overshadowed by gold but currently experiencing significant gains and attracting investor interest. Silver's Recent Performance  Silver recently...

Central Bank Gold Buying Rebounds After March Slowdown

(Mike Maharrey, Money Metals News Service) After a weak March, central bank gold buying rebounded in April with global net purchases of 33 tons, according to the latest data compiled by the World Gold Council. Net central bank gold buying in March was downwardly revised to 3 tons with the...

Univ. of Chicago to Refund Student Tuition for COVID Shutdown in $5M Settlement

(Dmytro “Henry” Aleksandrov, Headline USA) The University of Chicago will pay $4.95 million to settle a class-action lawsuit filed by current and former students seeking refunds on tuition after classes went remote amid the COVID-19 hysteria. In May 2020, former student Arica Kincheloe filed a lawsuit in the U.S. District...

Boeing Tells Regulators How It Plans to Fix Aircraft Safety, Quality Issues

(Headline USA) Boeing told federal regulators Thursday how it plans to fix the safety and quality problems that have plagued its aircraft-manufacturing work in recent years. The Federal Aviation Administration required the company to produce a turnaround plan after one of its jetliners suffered a blowout of a fuselage panel during an Alaska...

India Brings 100 Tons of Gold Home for Safe Keeping

(Mike Maharrey, Money Metals News Service) The Reserve Bank of India recently brought a little over 100 tons of gold home. And more gold may be heading back to India in the near future. The Indian central bank repatriated the gold from vaults in the UK. According to a Times...
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