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Tuesday, November 5, 2024

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Many Countries Turning to Gold as a ‘Stateless Currency’

(Mike Maharrey, Money Metals News Service) Many central banks are opting for a “stateless currency” – gold. That’s how a recent article published by Nikkei Asia put it, noting that “central banks are diversifying away from the dollar and yuan.” The article notes that the proportion of greenbacks in foreign...

Gold Revaluation Is Far More Democratic Money Creation than Platinum Coins

(Chris Powell, Money Metals News Service) This week, the brilliant journalist and financial analyst Mike Maharrey of Money Metals revisited the recent dream of inflationists... ...to increase the U.S. money supply by means of the U.S. government's creation of one or two platinum coins with trillion-dollar denominations. The idea would have...

Kamala Plagiarizes Trump’s ‘No Tax on Tips,’ Reversing Her Own Policy

(Elias Irizarry, Headline USA) Vice President Kamala Harris and Minnesota Governor Tim Walz held a rally in Las Vegas on Saturday marking their first appearance in the state of Nevada, additionally announcing their first policy initiative. Harris declared that, if elected, she would "eliminate taxes on tips for service and...

Chinese Illegal Immigrants Arrested in East Texas for Money Laundering

(Bethany Blankley, The Center Square) A rural east Texas district attorney has described how the border crisis is impacting her community after two Chinese illegal immigrants were arrested on money laundering charges. Their arrest was not the first where “we have encountered Chinese nationals on the highway engaged in illegal...

Foreign Agents Flood CCP-Owned TikTok w/ Anti-Trump Videos

(Dmytro “Henry” Aleksandrov, Headline USA) Foreign actors have been flooding TikTok, the app owned by Chinese communists, with "false" and "incendiary" videos targeting Donald Trump ahead of the 2024 presidential election. The Wall Street Journal published its new report, in which the news source identified 91 accounts on TikTok with overseas...

Gold Demand in Tech and Industry Continued to Rebound in Second Quarter

(Mike Maharrey, Money Metals News Service) Industrial and tech demand for gold continued to rebound in the second quarter. Technology and industrial applications consumed 81 tons of gold in Q2, according to data compiled by the World Gold Council, an 11 percent year-on-year increase. The strong second quarter boosted H1...

Trillion-Dollar Coins: A Dumb Idea That Some Gov’t People Take Seriously

(Mike Maharrey, Money Metals News Service) When I was about 7 years old, my friend Tommy and I decided we were going to dig a cave. We envisioned a massive cavern we could stand up in. It would be our secret fort. We went as far as digging a...

The Rot in the Commercial Real Estate Market in One Story

(Mike Maharrey, Money Metals News Service) I've been watching the commercial real estate (CRE) sector as a potential catalyst for the next financial crisis. So far, it has managed to hold together, but there is still trouble brewing under the surface. The story of one commercial real estate investment by...

Top Biden Economic Advisor Leaves White House amid Stock-Market Plummet

(Casey Harper, The Center Square) President Joe Biden released a statement Monday morning thanking Gene Sperling, a top economic advisor, as he left his position the same morning that fears of a U.S. recession sent the U.S. stock market tumbling. As of Monday morning, the Dow had dropped 900 points...

Central Bank Gold Buying Through First Half of 2024 Sets Record

(Mike Maharrey, Money Metals News Service) Despite central bank gold buying slowing moderately in the second quarter, it set a record through the first half of 2024. Central banks globally added a net 483 tons of gold through the first six months of the year,  5 percent above the record...

Department of Justice Sues TikTok Over Alleged Child Privacy Violations

(Brett Rowland, The Center Square) The Department of Justice sued TikTok and its parent company, China-based ByteDance, on Friday for alleged violations of an online privacy law for children. "The Department is deeply concerned that TikTok has continued to collect and retain children’s personal information despite a court order barring...

Train Derailment Victims Must Give up Right to Sue to be Eligible to Receive $25K

(Headline USA) People who live near East Palestine, Ohio, can now get $25,000 apiece for any injuries they sustained after last year's Norfolk Southern freight train derailment on top of whatever money they get for property damage as part of the $600 million class-action settlement. The lawyers who negotiated the...
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