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Saturday, November 23, 2024

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‘Shark Tank’ Star: Trump Verdict Will Keep Future Business Out of N.Y.

(Matthew Doarnberger, Headline USA) Multimillionaire investor Kevin O'Leary said Monday in an interview with Fox Business host Neil Cavuto that he would never invest anywhere in the state of New York after Judge Arthur Engoron issued a controversial $355 million verdict against former President Donald Trump for what many...

Chinese Wholesale Gold Demand Sets January Record

(Mike Maharrey, Money Metals News Service) Chinese gold demand kicked off 2024 with a bang. Wholesale gold demand set a record in January. Meanwhile, assets under management by Chinese gold ETFs reached an all-time high. China ranks as the world’s top gold consumer, and Chinese demand has a significant impact...

Watchdog Unable to Determine if U.S. Financial Statements are Reliable

(Brett Rowland, The Center Square) – A Congressional watchdog said Friday that it was again unable to determine if the federal government's consolidated financial statements were reliable. The U.S. Government Accountability Office, which is Congress's research arm, said it was hampered by "serious financial management problems at the Department of...

Oversight Committee Opens Probe into IRS for Selective Enforcement

(Casey Harper, The Center Square) The Republican-led House Oversight Committee is looking into allegations that the IRS is selectively not enforcing its tax-exempt rules against leftist nonprofits. With new allegations of political bias, House Oversight Committee Chair Rep. James Comer, R-Ky., has launched an investigation into the IRS requesting interviews,...

Why Rising Shipping Costs Won’t Cause Inflation

(Mike Maharrey, Money Metals News Service) Defining inflation as "rising prices" creates all kinds of confusion. As I explained in-depth, historically, inflation meant an increase in the amount of money and credit in the economy, or more succinctly, an expansion in the money supply. Rising consumer prices - price...

The Fed Hasn’t Done Enough to Beat Price Inflation

(Mike Maharrey, Money Metals News Service) Price inflation was supposed to be dead and buried months ago. But it’s doing just fine, thank you very much. The January Consumer Price Index report makes that pretty clear. Sure, the Federal Reserve managed to knock inflation down. But it was never out....

WATCH: Hunt Bros. Floor Trader Discusses Epic 1980 Silver Squeeze

(Money Metals News Service) The story of the Hunt brothers and their attempt to "corner the silver market" in 1979 and 1980 is a classic example of speculative investment, market manipulation, and government intervention on a grand scale. Peter Thomas was present on the trading floor during this period and...

Zimbabwe Floats the Idea of Putting Its Currency on a Gold Standard

(Mike Maharrey, Money Metals News Service) Could arguably the world’s worst currency become its best? If Zimbabwe follows through and embraces a plan to back the Zimbabwe dollar with gold, it just might. Last week, Zimbabwe President Emmerson Mnangagwa said officials were exploring ways to introduce a "structured currency,” but he...

Seattle to Spend $1.8M on All-Gender Waterfront Bathroom Facility

(Spencer Pauley, The Center Square) – The City of Seattle will spend $1.8 million to construct an all-gender bathroom facility near the waterfront. The facility will consist of six individual all-gender stalls including an accessible stall. The breakdown of the $1.8 million bathroom facility sees $300,000 for each all-gender bathroom...

Massive Rare Earth Minerals Discovery in Wyo. Could Break America’s Dependence on China

(Dmytro “Henry” Aleksandrov, Headline USA) The United States could soon surpass China as the world leader in rare earth minerals and, therefore, break its dependency on the communist country after more than 2.34 billion metric tons of these minerals were discovered in the state of Wyoming. According to the Daily Mail,...

Chiefs and 49ers Play Super Bowl Game for…. SILVER!

(Mike Maharrey, Money Metals News Service) On Sunday, the San Francisco 49ers will take on the Kansas City Chiefs. The winner will take home the silver! No... I’m not inferring that the winner will get a second-place prize. I’m referring to the Lombardi Trophy. It's made of silver. So, what is...

Inflation Already Ruined Your Super Bowl Party

(Peter C. Earle, Money Metals News Service) Attending the Super Bowl in person has long been a lavish expense, reserved for those willing to part with a significant sum for the ultimate fan experience. But when the Kansas City Chiefs meet the San Francisco 49ers in Las Vegas on Sunday...
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