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Wednesday, December 25, 2024

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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...

Household Debt Tops $17.5 Trillion, and Americans Are Feeling the Strain

(Mike Maharrey, Money Metals News Service) You’ve got to give credit to Visa, Mastercard, Discover and Amex. They’ve managed to build one heck of a booming economy. Despite surging price inflation, “resilient” American consumers have managed to keep spending money, driving “strong” economic growth – thanks to their credit cards. But...

IRS to Collect Billions More in Unpaid Taxes Thanks to New Funding

(Headline USA) The old axiom "You have to spend money to make money" seems to hold true not just for capitalist entrepreneurs but also for the federal government. However, it is taxpayers' money being spent in the government's case, in order to enable the bloated and corrupt Internal Revenue...

Disney Seeks Order to Keep Trade Secrets Confidential in Anti-DeSantis Lawsuit

(Headline USA) Disney asked a state court judge on Friday for a protective order allowing it to designate documents and depositions as confidential and requiring parties handling them to sign a nondisclosure agreement. The entertainment giant wants to keep confidential any trade secrets or proprietary information that come out of...

UPS Begins Layoffs Months after ‘Lucrative’ Union Deal Raising Wages

(Mike Maharrey, Money Metals News Service) Economics always wins. Ask UPS workers. The shipping giant recently announced plans to lay off 12,000 employees, citing a forecast for weaker shipping demand in 2024. The company said the downsizing will save about $1 billion in employee costs. According to a report published...
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