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Thursday, December 26, 2024

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Evangelical Group Plans Spending $62M to Re-Elect Trump

(Dmytro “Henry” Aleksandrov, Headline USA) The Faith & Freedom Coalition, a prominent evangelical advocacy group, expressed the desire to spend $62 million to help Donald Trump step into the Oval Office once again. The Christian group, which is led by Ralph Reed, a longtime Republican strategist and Trump ally, will use...

Boomeranging Bidenflation Derails Campaign’s Economic Talking Points

(Casey Harper, The Center Square) Consumer prices jumped again in February, in part driven by a significant rise in gasoline prices, according to newly released federal inflation data. The U.S. Bureau of Labor Statistics released its Consumer Price Index Tuesday, a leading marker of inflation, which showed prices rose 0.4%...

De-Dollarization Is Not Just a Wild Conspiracy Theory

(Mike Maharrey, Money Metals News Service) What is driving the recent gold rally? As with any bull run, there are many factors -- hope that the Federal Reserve is about to get the easy money gravy train back on the track chief among them. However, I have speculated that...

Biden’s Open Border Proves Lucrative for Fake ID Schemes

(Luis Cornelio, Headline USA) The open-border crisis under President Joe Biden has proven lucrative not only for coyotes, human traffickers, and drug dealers but also for gang members funneling fake American identification on the streets of New York City.  As reported by the New York Post on Saturday, at least 10...

Can You Borrow Your Way to Prosperity? U.S. Consumers Give It a Shot!

(Mike Maharrey, Money Metals News Service) Can you borrow your way to prosperity? American consumers are certainly giving it the old college try. Consumer debt surged once again in January, rising by $19.5 billion, according to the latest data from the Federal Reserve.    On an annual basis, consumer debt rose...

BRICS to Develop Blockchain-Based Payment System to Bypass the Dollar

(Mike Maharrey, Money Metals News Service) In an interview on the Russian news agency TASS, Kremlin aide Yury Ushakov announced that the BRICS nations plan to develop a new payment system based on the blockchain. This sets the stage for further de-dollarization and could further undermine the status of the...

OpenAI: Musk Agreed ChatGPT-Maker Should Become For-Profit

(Headline USA) Elon Musk supported making OpenAI a for-profit company, the ChatGPT maker said, attacking a lawsuit from the wealthy investor who has accused the artificial intelligence business of betraying its founding goal to benefit humanity as it pursued profits instead. In its first response since the Tesla CEO sued last...

Fed Pressured to Cut Rates as Key Indicator Signals ‘Recession Ahead’

(Stefan Gleason, Money Metals News Service) The mainstream financial media is reporting that inflation is coming down. It’s not coming down to the Federal Reserve’s supposed 2% target – let alone low enough to cease being a persistent problem for millions of families. Nor is it even clear that the...

Apple Won’t Be Making Electric Cars

(Dmytro “Henry” Aleksandrov, Headline USA) Apple recently revealed that it ended its decade-long pursuit to enter the electric vehicle market after wasting billions of dollars. One of the reasons why Apple pulled the plug was that the company was spending a lot of money while trying to catch up to Elon...

Inflation Is Still Gobbling Up Your Paycheck

(Mike Maharrey, Money Metals News Service) While your paycheck might be a little fatter, you’re actually earning less because price inflation continues to gobble up your paycheck. As pundits and politicians slice and dice various inflation reports, debating whether or not the Fed has finally tackled inflation, things aren’t getting...

House Oversight Committee Investigates Legality of ESG Polices

(Casey Harper, The Center Square) The Republican-led House Oversight Committee is launching an investigation into how large investors' woke policies are impacting Americans. House Oversight Chair Rep. James Comer, R-Ky., sent a letter this week to Board of Governors of the Federal Reserve System General Counsel Mark Van Der Weide...

GOP Reps. Introduce Legislation to Restrict Tracking of Gun Purchases

(Ken Silva, Headline USA) Three House Republicans have introduced a bill that would restrict corporations and government agencies from tracking gun purchases made by law-abiding Americans. The Protecting Privacy in Purchases Act—introduced last week by Rep. Elise Stefanik, R-N.Y., alongside Reps. Richard Hudson, R-N.C., and Andy Barr, R-Ariz.—would ban the...
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