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Tuesday, November 5, 2024

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If You’re Going to Take a Bribe (You Shouldn’t), at Least Get Gold

(Mike Maharrey, Money Metals News Service) At least he accepted bribes that would retain their value.  On July 16, a jury convicted Senator Bob Menendez (D-N.J.) on 16 counts, including wire fraud, bribery, and extortion. According to the indictment, the senator and his wife took bribes, including 13 gold bars, from...

DNC Says It’s Investing $15M on Turnout, Operations in 7 Swing-States

(Headline USA) Democrats are trying to offer political counterprograming to the Republican National Convention in Milwaukee, announcing $15 million to fund campaign operations in seven key swing states—even as some in the party have urged President Joe Biden to bow out of November's election. The Democratic National Committee announced Tuesday...

Union Leaders Address RNC as Trump Expands Rust-Belt Outreach

(Elias Irizarry, Headline USA) As was the case in 2020, the first day of the 2024 Republican National Convention in Milwaukee suggested that a major theme this year would be expanding the party's reach to nontraditional GOP voters. “In 2020, I made a mistake—a mistake that is hard to admit,...

Canadian Gold Exports to China Surge in Another Sign of Gold Flowing from West to East

(Mike Maharrey, Money Metals News Service) Canada’s growing gold exports to China provide more evidence of the shift of gold from the West to the East.  Asian gold demand has been hot through the first half of 2024. Vietnamese and Thai investors flocked to gold despite long lines and high...

Gold’s Breaking Records: But This Metal May Beat It…

(Lau Vegys, Money Metals News Service) 102% - That’s how much silver has rallied since it bottomed during the pandemic crash in March 2020. If you haven’t been following silver, this may come as a surprise. After all, gold’s been getting most of the attention after it hit new all-time...

The Federal Government Is Spending Us Into Oblivion

(Mike Maharrey, Money Metals News Service) The June federal budget deficit was "only" $66 billion. This looks like a big improvement, but it wasn't.  Even more concerning is the fact that interest on the accumulating debt is eating up nearly one-third of federal tax receipts.  The deficit came in lower because...

ETF Gold Holdings Increase Globally for Second Straight Month

(Mike Maharrey, Money Metals News Service) Gold-backed exchange-traded funds (ETFs) reported net inflows of gold for the second straight month in June. With European funds leading the way, net gold holdings by ETFs globally increased by 17.5 tons last month.  May was the first month of positive flows into ETFs in...

BLS Quietly Erases Thousands of Jobs From Past Reports

(Mike Maharrey, Money Metals News Service) If you believe the headlines, the employment situation in the U.S. is still solid. Maybe you shouldn't believe the headlines. They tend to bury the lead. We got the June jobs report from the Bureau of Labor Statistics (BLS) on Friday. The economy added...

Americans Back to Running Up Credit Card Debt in May

(Mike Maharrey, Money Metals News Service) After paying down credit card debt in April, American consumers went back to running up the plastic in May. But borrowing for big-ticket items remained sluggish, indicating consumers are still struggling to make ends meet in this inflationary environment.  Total consumer debt increased by...

Keep Your Mouth Shut and Keep Your Gold Secure!

(Mike Maharrey, Money Metals News Service) How do you safely and securely move billions of dollars worth of gold? Very quietly. De Nederlandsche Bank (the Dutch central bank) did just that, moving over 220 tons of gold coins and bars over 45 miles of public highway. Officials spent four weeks shuttling...

NYC Lux Hotels Pocket $1B to House Illegals at Taxpayers’ Expense

(Luis Cornelio, Headline USA) Taxpayers are footing a hefty bill for New York City’s hotel industry, which has received over $1 billion to house illegal aliens in former luxury hotels, reported the New York Post on Saturday.  A staggering $1.98 billion in tax dollars has been allocated toward housing, including hotels...

Blue State Yanks Funds for Group Fighting Gang Violence Due to Faith

(Casey Harper, The Center Square) Whether faith-based groups are allowed to solely hire people that agree with their faith is a question again before the courts. A ministry in Oregon that works with at-risk youth was stripped of its state funding because it requires employees and volunteers at the organization...
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