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Saturday, November 23, 2024

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What Is Fiat Money and Why Is It a Problem?

(Mike Maharrey, Money Metals News Service) If you follow alternative financial media, you'll often hear dollars derisively referred to as "fiat currency." What exactly does this term mean and why is it often used as a slur? Investopedia defines fiat money as a government-issued currency not backed by a physical...

23 State AGs Call on Congress to Defund UN Agency w/ Ties to Hamas Terrorism

(Bethany Blankley, The Center Square) A coalition of 23 attorneys general led by Utah and South Carolina have called on Congress to permanently defund a United Nations agency after learning of its ties to the terrorist organization Hamas. “The United States must stop funding antisemitic education efforts run by the...

Liberals Feign Surprise that Soros Is Funding Student Protests

(Molly Bruns, Headline USA) Democrats and the left-leaning mainstream media are apparently just now discovering that big donors such as Bill Gates and George Soros are supporting the pro-Palestine protests on college campuses. Many of the organizations, such as Jewish Voice for Peace and IfNotNow, are responsible for the recent rash...

Could Chinese Gold Be the Straw That Breaks the Dollar’s Back?

(Mike Maharrey, Money Metals News Service) There are cracks in the foundation of dollar dominance. Could Chinese gold be the straw that breaks the dollar’s back?  In a column published by the Telegraph, economist Julian Jessop points out that people have been predicting the dollar's demise for decades. Eventually, they'll...

Bernie Sanders Defends Anti-Jewish Student Insurrections

(Headline USA) Sen. Bernie Sanders, I-Vt., this week defended anti-Israel students on college campuses across the country, arguing they were protesting “for the right reasons.” During an interview with CNN, Sanders admitted that some of the campus protests have gone too far, but he insisted there was a distinction between those...

Understanding the Weaponization of the Dollar w/ Saleha Mohsin

(Interview Begins around 6:07 mark) (Money Metals News Service) Money Metals' Midweek Memo host Mike Maharrey recently interviewed Saleha Mohsin, a senior correspondent at Bloomberg News and author of the new book Paper Soldiers: How the Weaponization of the Dollar Changed the World Order. The discussion delved into the motivations behind Mohsin's...

NYC Mayor Demands Columbia Univ. Help Cover Cost of NYPD Raid

(Headline USA) New York City Mayor Eric Adams called on Columbia University to pay up and help cover the cost of the New York Police Department’s efforts to shut down illegal student encampments this week. Radical student protesters were finally removed from Columbia’s campus on Tuesday night after they took over...

Biden Absorbs $6.1B in Loan Debt from Deadbeat Art-School Students

(Luis Cornelio, Headline USA) President Joe Biden’s wave of a magic wand has made billions of dollars in college debt disappear for students who attended a now-defunct university.  On Wednesday, Biden announced the “cancellation” of $6.1 billion in student loans for 317,000 students who had enrolled at the Art Institutes.  “This institution...

Navigating Stagflation: Insights from Money Metals Midweek Memo

(Money Metals News Service) In the latest episode of the Money Metals Midweek Memo, host Mike Maharrey delves into the complexities of the current economic landscape including that of China as a member of BRICS, Federal Reserve policies, and stagflation.  China’s Growing Influence on the Global Economy  Mike Maharrey highlights concerns...

Could Gold’s West-to-East Shift Set Up a New Gold-Backed Currency?

(Mike Maharrey, Money Metals News Service) Could the movement of gold from West to East set the stage for a gold-backed currency? Some analysts think that might be the case. And if that is the direction the world is heading, it would be disastrous for the U.S. dollar.  The impact remains unclear, but...

JD Vance Calls Out Graham: Europe, Not America, Should Fund Ukraine

(Luis Cornelio, Headline USA) Sen. JD Vance, R-Ohio, is pushing back against the notion that the United States can sustainably finance multiple global conflicts without compromising its national security.  During the latest installment of Fox News Sunday, Vance responded to Sen. Lindsey Graham, R-S.C., who had defended the allocation of $60...

25 Attorneys General Sue Over EPA Emissions Rule, EV Mandate

(Bethany Blankley, The Center Square) – Attorneys general from 25 states are suing to block a Biden administration emissions rule imposed on vehicle manufacturers. Led by Kentucky, the 25 states petitioned the U.S. District Court of Appeals for the District of Columbia Circuit to block an Environmental Protection Agency rule,...
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