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Monday, December 23, 2024

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FEMA Deflects Blame on Disastrous Response to Hurricane Helene

(Headline USA) The head of the U.S. disaster response agency continued to forcefully push back against criticism about her agency's disastrous response to Hurricane Helene as the death toll from the storm continued to climb. Federal Emergency Management Agency Administrator Deanne Criswell claimed the agency's massive, collaborative effort keeps growing, and...

Toyota Ends DEI Policies. Will Conservatives Destroy Woke Companies?

(Dmytro “Henry” Aleksandrov, Headline USA) Toyota recently eliminated its DEI policies after facing the pushback from conservatives. Does that mean conservatives in the United States can purge American companies of their wokeness? Conservative activist Robby Starbuck, who started the Toyota boycott, recently wrote on Twitter that the Japanese car company...

No Silly Keynesian! Hurricane Helene Won’t Create an Economic Boom!

(Mike Maharrey, Money Metals News Service) The road out of my neighborhood looks like a war zone. Helene did quite a number on us here in the Tampa Bay Area (and elsewhere). Storm surge flooding inundated thousands of homes and businesses with up to four feet of water in some...

Russia Reportedly Plans to Add Silver to State Fund Reserves

(Mike Maharrey, Money Metals News Service) Russia reportedly plans to add silver and boost its gold, platinum, and palladium holdings in its state fund next year. This would be the first time Russia has held silver in its state fund. According to an Interfax report, the 2025 budget calls for an allocation of...

Labor Dept. Claims 254K New Sept. Jobs as Gov’t Goes on Hiring Spree

(Shirleen Guerra, The Center Square) The Bureau of Labor Statistics employment data shows that the American job market picked up in September with the unemployment rate declining slightly to 4.1%. The report shows employers added 254,000 jobs, higher than the previous 12 months average monthly gain of 203,000, and higher...

Central Bank Gold Buying Moderated in August But Remained Positive

(Mike Maharrey, Money Metals News Service) After doubling in July, central bank gold buying slowed in August with record high prices but remained in positive territory. Globally, central banks added a net 8 tons of gold to their reserves in August. Although it was the lowest net increase in gold reserves...

The Untold History of Gold Rushes in the United States

(Joshua D Glawson, Money Metals News Service) The discovery of gold in the United States profoundly shaped the nation’s economic and social development, especially during the 19th century. These gold rushes transformed regional economies, spurred massive population movements, led to the establishment of new towns, and influenced U.S. territorial expansion. While...

Gold Overtakes Euro to Become 2nd-Largest Central Bank Reserve Asset

(Mike Maharrey, Money Metals News Service) According to Bank of America, gold has overtaken the euro to become the world’s second-largest central bank reserve asset. With the central bank gold buying spree over the last several years, along with the rapid rise in price in 2024, the yellow metal now...

Renowned Trend Forecaster Gerald Celente on Global Turmoil, Gold, and the Dollar’s Decline

(Money Metals News Service) In a recent interview with Money Metals Podcast host Mike Maharrey, Gerald Celente, Founder of the Trends Research Institute and Publisher of the Trends Journal, discussed the significant global issues that he believes are shaping the future. With over 43 years of experience in trend forecasting, Celente’s insights on...

‘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...
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