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Wednesday, December 25, 2024

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How the Federal Reserve Drives the Boom-Bust Cycle

(Mike Maharrey, Money Metals News Service) The Federal Reserve was sold as a way to "provide the nation with a safer, more flexible, and more stable monetary and financial system." That's not what the central bank does. In fact, the Fed destabilizes the monetary system by constantly interjecting itself into it,...

Fla. AG Moody Calls on Treasury to Stop Supporting ‘Cuba’s Communist Interests’

(Bethany Blankley, The Center Square) – Florida Attorney General Ashley Moody on Thursday called on U.S. Treasury Secretary Janet Yellen to stop the agency’s “continued support of Cuba’s communist interests.” She did so after Cuban-American lawmakers raised the alarm about Chinese spies operating in Cuba, reportedly targeting Cuban-Americans as well...

Gold & Silver May Gain Further Appeal As Chaos Hedge

(Mike Gleason, Money Metals News Service) As the criminal conviction of former President Donald Trump dominates the news cycle, investors have to be asking themselves whether the upcoming election will be anything like normal.  A potential crisis of legitimacy for America’s electoral system looms. That could bring with it a...

Louisiana Reaffirms Gold and Silver As Legal Tender

(Money Metals News Service) Louisiana Gov. Jeff Landry has signed a new law reaffirming gold and silver as legal tender, making a symbolic statement in favor of sound money principles. Senate Bill 232, sponsored by Sen. Mark Abraham, marks the sixth pro-sound money bill passed by a state this year,...

Biden Bungles Launch of 8-Figure Outreach Effort to Woo Back Blacks

(Headline USA) President Joe Biden and Vice President Kamala Harris got off to a rough start in what was touted as an aggressive and lofty plan to win back black voters who have strayed from the Democrat plantation due to the administration's awful stewardship and often cavalier, exploitative way...

OpenAI Forms Safety Committee, Starts Training New AI Model to Replace ChatGPT System

(Headline USA) OpenAI says it's setting up a safety and security committee and has begun training a new artificial intelligence model to supplant the GPT-4 system that underpins its ChatGPT chatbot. The San Francisco startup said in a blog post Tuesday that the committee will advise the full board on...

Indian Gold Demand Rebounds During Important May Festival

(Mike Maharrey, Money Metals News Service) After a tepid March and April, Indian gold demand surged during an important May festival.  India ranks as the second-largest gold market in the world behind only China.  Moderating prices helped drive a resurgence in gold demand ahead of and during the Akshaya Tritiya festival...

REPORT: Millennials Are ‘Quiet Vacationing’ Instead of Taking PTO

(Ben Sellers, Headline USA) With the Memorial Day weekend kicking off the vacation and travel season, as well as the opening of many a swimming pool, a recent report suggested that some remote workers might be giving their employers the short shrift while enjoying extra holiday benefits. The Harris Poll,...

Farm Bill Ignites Debate on Food Stamp Spending Amid $30 Billion Cut

(Tom Gantert, The Center Square) - A $1.5 trillion Farm Bill supported by Republicans in the U.S. House of Representative has sparked criticism among Democrats for cutting $30 billion from the former food stamps program. Supplemental Nutrition Assistance Program benefit costs, formerly known as food stamps, have increased from $55.6 billion...

Chris Ritchie on SilverCrest Metals: Leading the Way in Innovative Mining and Sound Money Practices

(Money Metals News Service) In a recent episode of the Money Metals podcast, host Mike Maharrey interviewed Chris Ritchie, President of SilverCrest Metals.  SilverCrest Metals, headquartered in Vancouver, British Columbia, is a precious metals producer known for its efficient and cost-effective mining operations.  The discussion covered the company’s operations, financial strategies,...

Economics 101: Government Tinkering With Prices Is Like Hiding All of the Street Signs

(Mike Maharrey, Money Metals News Service) Governments constantly tinker with prices. Government people claim it's in our best interest, but price manipulation creates all kinds of unseen negative consequences. Sometimes governments set price ceilings, mandating that the cost of something can't rise above a certain level. One example we see...

Indian Central Bank Goes on Gold Buying Spree

(Mike Maharrey, Money Metals News Service) The Reserve Bank of India has followed the lead of China and other Eastern central banks and ramped up its accumulation of gold. According to the latest data released by the RBI, the Indian central bank increased its gold reserves by 24 tons through...
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