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Monday, December 23, 2024

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This New Record High for Gold Changes Everything

(Brien Lundin, Money Metals News Service) Gold has set another record high as Jerome Powell confirmed the Fed pivot. While gold has been driven to these heights by Eastern buying, we're now seeing Western investors flocking to the metal as the shift to easier monetary policies begins. And gold stocks are...

Yellen Imposes New Sanctions on Firms Linked to Russia’s War Effort

(Headline USA) The Biden administration imposed sweeping sanctions Friday on hundreds of firms in Russia and across Europe, Asia and the Middle East, accusing them of providing products and services that enable Russia’s war effort and aiding its ability to evade sanctions. Among those sanctioned by the Treasury Department were 60...

Google Colludes w/ California to Wield Control over Local Newsrooms, Incorporate AI

(Luis Cornelio, Headline USA) Remember when the government colluded with Big Tech to censor news detrimental to Democrats ahead of the 2020 election? Well, they’re at it again, this time openly bragging about their latest collusion. California has announced the first-ever “partnership” with Google and Meta (Facebook’s parent company) to fund...

PBS Reporter Apologizes (Sort Of) for Fabricated Trump Ceasefire Claim

(Luis Cornelio, Headline USA) PBS anchor Judy Woodruff issued a mea culpa on Wednesday for falsely accusing former President Donald Trump of persuading Israeli Prime Minister Benjamin Netanyahu to block a ceasefire deal with Hamas.  During a segment at the Democratic National Convention on Monday, Woodruff claimed that Trump had urged...

Gold Hits Historic Milestones as Inflation Drives Precious-Metals Surge

(Money Metals News Service) In the latest episode of the Money Metals Midweek Memo podcast, host Mike Maharrey dove into the ongoing impacts of inflation, Federal Reserve policies, and the latest developments in the gold and silver markets. Maharrey opened the discussion with an analogy comparing the Federal Reserve’s denial of responsibility...

Biden is Sending Arms to Saudi Arabia Despite Country Refusing to Pay Debt

(Ken Silva, Headline USA) Saudi Arabia is reportedly refusing to pay the U.S. at least $15 million for refueling its warplanes, but the Biden regime is sending the country more armaments regardless of the unpaid debt. The Intercept first revealed the Saudi’s delinquency last week, reporting that the country owes...

Import Tax Cut Boosts Indian Gold Demand

(Mike Maharrey, Money Metals News Service) As expected, India's recent gold import tax cut lowered prices and spurred demand for the yellow metal. India ranks as the world's second-largest gold consumer behind China. Late last month, the Indian government cut taxes on gold and silver imports by more than half, lowering...

Did Mark Twain Anticipate the Trillion Dollar Coin?

(Chris Powell, Money Metals News Service) Responding to the recent commentary about the idea to spectacularly increase the U.S. money supply via the minting and depositing at the Federal Reserve of one or two platinum coins of trillion-dollar denominations, a friend asks: What would a trillion-dollar platinum coin do to...

Cisco Cuts 1,000s of Jobs, 7% of Workforce, as It Shifts Focus to AI, Cybersecurity

(Headline USA) Cisco Systems is planning to lay off 7% of its employees, its second round of job cuts this year, as the company shifts its focus to more rapidly growing areas in technology, such as artificial intelligence and cybersecurity. The company based in San Jose, California, did not specify...

Meta Roils Leftists by Eliminating Longtime Censorship Tool CrowdTangle Ahead of Election

(Headline USA) Facebook and Instagram parent Meta Platforms has shut down CrowdTangle, a tool widely used by leftists to monitor social media posts and promote censorship on the company's social-media sites. Wednesday's shutdown, which Meta announced earlier this year, has been protested by several activist organizations hoping the Mark Zuckerberg-run...

MAHARREY: What’s So Great About 2% Inflation?

(Mike Maharrey, Money Metals News Service) Don’t be fooled when you hear “inflation is coming down.” That's not the plan and it never was. The fact is price inflation was up in July. And it will be up in August. And it will be up in September. That’s because rising price inflation is...

Another Month, Another Massive Biden Budget Deficit

(Mike Maharrey, Money Metals News Service) A couple of weeks ago, the national debt blew past $35 trillion. There were a few articles bemoaning the ballooning debt, but no substantive calls to rein it in. Meanwhile, the Biden administration continues to spend America into oblivion. The July deficit came in...
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