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Monday, December 23, 2024

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Hedge Fund Billionaire Says He’d Pull Money from Market and Go to Gold If Harris Wins

(Mike Maharrey, Money Metals News Service) Hedge fund billionaire John Paulson said he would pull his money out of the stock market and go into cash and gold if Kamala Harris wins the election.  The Paulson and Co. founder and CEO has been called “one of the most prominent names...

House Rejects Funding Stopgap Tied to Election Integrity; 14 Republicans Join Dems

(Headline USA) The House on Wednesday night rejected a bill to fund federal government for six months that was packaged alongside election-integrity measures such as proof-of-citizenship requirements. The bill failed after 14 Republicans joined Democrats to reject it---including some who stood on principal in opposition to any short-term funding extensions. Speaker...

Russians Using Gold to Do Business, Skirt Sanctions

(Mike Maharrey, Money Metals News Service) Russian businesses are using gold to pay Chinese suppliers as a way to skirt economic sanctions. According to the Russian website Russia’s Pivot to Asia, Russian businesses are buying physical gold in Russia and then transporting it to Hong Kong via courier. There, the...

Bucking Gold Repatriation Trend, Argentina Sends More Gold to London

(Jan Nieuwenhuijs, Money Metals News Service) In July, the Central Bank of Argentina (BCRA) shipped another 3 tonnes of gold to the U.K. to swap for foreign exchange. A month prior, BCRA also transported 3 tonnes to the U.K. BCRA is now estimated to have 37 tonnes (60% of...

Nassim Taleb: People Aren’t Seeing the Real De-Dollarization

(Mike Maharrey, Money Metals News Service) It's not a "black swan" event. In fact, it's playing out right before our eyes and was entirely predictable. The world is slowly but surely spurning the dollar.  But most people haven't noticed. De-dollarization might seem like a wild conspiracy theory, but it is happening....

Billions Gone and Little to Show for It after ‘Mind-Boggling’ COVID Fraud

(Casey Harper, The Center Square) Years after the passage of federal COVID-era relief and the subsequent loss of likely hundreds of billions of those taxpayer dollars, lawmakers are still unsure where that money went, how to get it back, and seemingly have done little to prevent it from happening...

Media Companies Sue Butler County for 911 Calls from Trump Shooting

(Ken Silva, Headline USA) The Intercept, Scripps News and NBC News have all sued Butler County for refusing to release 911 recordings from the July 13 rally in which former President Donald Trump was nearly assassinated. Butler County had denied all three outlets’ requests for the 911 calls on the...

Consumer Debt Surges Again as Broke Americans Try to Make Ends Meet

(Mike Maharrey, Money Metals News Service) Despite ridiculously high interest rates, Americans can’t seem to put their credit cards away. That’s probably because their savings are gone. They have to make ends meet somehow. After slowing for two straight months, consumer debt surged again in July, driven by an uptick in...

Shell Game: How America’s Money Devolved from Gold to Fiat

(Joshua D Glawson, Money Metals News Service) Imagine a street performer standing behind a small table, moving three shells around at lightning speed, concealing a pea beneath one of them. As the audience watches closely, they try to follow the pea’s location, only to realize that no matter how...

Apple’s Upcoming iPhone Will Catapult Tech Trendsetter into the Age of AI

(Headline USA) Apple's ubiquitous iPhone is about to break new ground with a shift into artificial intelligence that will do everything from smartening up its frequently dim-witted assistant Siri to creating customized emojis on the fly. The new era will dawn Monday with the unveiling of the hotly anticipated iPhone...

Federal Government Claims 142,000 Jobs Were Added in August

(Steve Wilson, The Center Square) According to data released by the U.S. Bureau of Labor Statistics, total nonfarm payroll employment grew by 142,000 in August, but the nation's unemployment rate remained at 4.2%. According to the report, the jobs numbers were in line with average job growth in recent months, but...

Judge Gives DOJ Until End of Year to Propose Penalties for Google

(Headline USA) A federal judge on Friday gave the U.S. Justice Department until the end of the year to outline how Google should be punished for illegally monopolizing the internet search market and then prepare to present its case for imposing the penalties next spring. The loose-ended timeline sketched out...
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