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Tuesday, November 5, 2024

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‘The Acolyte,’ Disney’s Quarter-Billion-Dollar Woke Disaster, Gets Canned

(Chris Cella Jr., Headline USA) The Walt Disney Company has faced another setback with its latest Star Wars project, The Acolyte, which was recently canceled following a controversial debut that included show-runners touting its reimagining of the Jedi as lesbian witches. Initial false reports indicated the show cost around $180...

Richmond Fed President Urges Caution on Rate Cuts: Inflation Isn’t Defeated

(Headline USA) The president of the Federal Reserve's Richmond branch says he supports reducing the central bank's key interest rate “somewhat” from its current level but isn't yet ready for the Fed to fully take its foot off the economy's brakes. In an interview Thursday with the Associated Press, Tom...

The Dollar Is Smoke and Mirrors

(Mike Maharrey, Money Metals News Service) At one time, the U.S. monetary system was backed by gold. Now, it’s not backed by anything. It's nothing but smoke and mirrors.  But most Americans don’t realize this. In fact, nearly a third of respondents to a 2019 recent survey believed the U.S. dollar...

Iran’s Gold Imports Surge Sixfold as Part of Sanctions Workaround

(Jon Forrest Little, Money Metals News Service) In a striking development that has caught the attention of global financial markets, Iran's gold imports have surged dramatically, increasing sixfold over a six-month period.  This significant uptick in gold acquisition highlights the Islamic Republic's strategic move to circumvent international sanctions and stabilize...

Feelings Trump Economics: Price Gouging Edition

(Mike Maharrey, Money Metals News Service) As I sit here and watch outer bands from Hurricane Helene spin into the area, I thought this would be a great time to teach a little economics. I know this is a fruitless endeavor, but I have to at least give it the...

Money Metals’ New ‘Fort Knox’ Depository Profiled on Industry TV Show

(Money Metals News Service) In a recent TV interview, Jp Cortez, Executive Director of Money Metals’ Sound Money Defense League, highlighted the opening of the largest gold depository in North America, a major industry development supporting the growing sound money movement in the U.S. He also discussed Money Metals' recent...

Trump Threatens John Deere w/ 200% Tariff for Moving to Mexico

(Headline USA) Former President Donald Trump warned this week that he would hit John Deere with a 200% tariff if he wins November’s election and the iconic U.S. company outsources its manufacturing to Mexico, Fox Business reported. Earlier this year, John Deere announced it was laying off thousands of workers at...

50-Year Anniversary of the Notorious ‘Show Audit’ of Fort Knox Gold

(Matthew Cortez, Sound Money Defense League) Inflation is pernicious and widespread – silently siphoning the purchasing power of the U.S. Federal Reserve note “dollar” from the savings of the American people year after year. Meanwhile, central banks all over the globe – from Saudi Arabia to China to Egypt and...

Lady Gaga’s Father Endorses ‘Patriot’ Trump

(Headline USA) Pop icon Lady Gaga’s father endorsed former President Donald Trump during a Fox News appearance this week, praising the Republican candidate as a “patriot,” TMZ reported. Joe Germanotta, a New York City restaurateur, argued the choice between Trump and Vice President Kamala Harris shouldn’t be difficult for even...

Flip-Flopping Kamala Dodges Question on Whether She Still Backs Reparations

(Headline USA) Vice President Kamala Harris dodged a question about whether she still supports reparations during a softball interview Tuesday with the National Association of Black Journalists, NBC News reported. Politico writer Eugene Daniels, the NABJ moderator, noted that Harris had previously expressed support for a federal “commission,” modeled after those...

Embattled Boeing Considers Temporary Layoffs as Worker Strike Piles on Struggles

(Headline USA) Boeing told employees Monday that it planned to freeze hiring and reduce travel and was considering temporary layoffs to save cash during a factory workers’ strike that began last week. The troubled company said the moves, which include reduced spending on suppliers, were necessary because “our business is...

American Consumers Spending More, Getting Less

(Mike Maharrey, Money Metals News Service) Retail sales beat expectations in August, rising by 0.1 percent month-on-month. You might assume this means American consumers did better this month than last month. A deeper look into the context of these numbers offers another perspective. The retail sales data only tells us...
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