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Saturday, November 23, 2024

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Earn More, Get Less: Price Inflation Has Gobbled Up Your Paycheck

(Mike Maharrey, Money Metals News Service) So, boss, about that pay raise... Do you feel like you’re taking two steps forward and three steps back? Well, no matter what Paul Krugman or Joe Biden tries to tell you, it’s not your imagination. Sure, you’re probably making more money than you were...

In-N-Out to Close Oakland Location Due to Rampant Crime

(Headline USA) In-N-Out Burger’s only location in Oakland, Calif., announced this weekend that it would be closing its doors due to rampant crime. The fast food joint is one of the only burger spots still turning a profit and has been in the community for 18 years. But continuing operations has...

Facebook Hires New Censor for ‘Voting Rights and Elections’ Post

(Dmytro “Henry” Aleksandrov, Headline USA) One of the Big Tech social media platforms, Meta's Facebook, decided to increase its censorship efforts right before the 2024 election, which is proved by their job listing on LinkedIn for “voting rights & elections." This grants a reasonable suspicion after the tyrannical social media platforms...

Hawaii House to Reconsider Ending Sales Tax on Sound Money

(Money Metals New Service) Representatives in the Ahola State have reintroduced legislation to end the sales tax on purchases of gold and silver. Introduced by Representatives Diamond Garcia, David Alcos, Lauren Matsumoto, Elijah Pierick, and Gene Ward, House Bill 1724 removes general excise tax on purchases of gold and silver coins and bullion in...

The Goldilocks Economy Is a Fairytale

(Money Metals News Service) The mainstream psyche has latched onto a Goldilocks scenario where inflation dies, interest rates fall, and the economy glides to a soft landing. People should probably read the end of the story because Goldilocks dies. Also – it’s a fairytale. When they hear the name Goldilocks, most people...

All You Do to Me Is Talk Talk!

(Money Metals News Service) In this episode of the Money Metals Midweek Memo, host Mike Maharrey discusses the recent dynamics in the precious metals markets, particularly focusing on the Federal Reserve's influence and the price movements of gold. The episode starts with Maharrey expressing his skepticism towards the Federal Reserve,...

The Ninja Price Increase — Shrinkflation

(Mike Maharrey, Money Metals Exchange) You know all about price inflation and how it squeezes your wallet. But there are also ninja price increases out there that you might not notice. It's called "shrinkflation." Inflation robs you of purchasing power by driving up the price of everything you buy. The government...

Jim Grant: It’s Too Early for the Fed to Declare ‘Mission Accomplished’

(Mike Maharrey, Money Metals Exchange) At its December meeting, the Federal Reserve effectively declared victory over inflation. They didn’t didn’t use those words, but that was the signal given by the policy trajectory laid out by the FOMC. Is this victory dance premature? Financial analyst Jim Grant thinks so. In an interview...

John Kerry, Biden’s Embattled Climate Czar, to Call It Quits

(Luis Cornelio, Headline USA) U.S. Special Presidential Envoy for Climate John Kerry is set to leave the Biden administration by the winter of 2024 to prop up the struggling Biden campaign’s climate agenda, multiple media outlets reported Saturday.  Kerry, appointed by President Joe Biden as his chief climate representative since January...

MURDOCK: Biden Unravels Bob Dole’s Legacy En Route to Socialist Takeover

(Deroy Murdock, Headline USA) President Joe Biden’s Commerce Department proposed on Dec. 7 a mechanism to invoke the so-called “march-in” clause of 1980’s bipartisan Bayh--Dole Act. This would empower Uncle Sam to capture and control patents fully or partially funded with federal research grants, if bureaucrats disliked the prices or rollout speeds of their ensuing...

2023 Corporate Bankruptcies Topped Pandemic Year Numbers

(Mike Maharrey, Money Metals Exchange) There were more corporate bankruptcies in 2023 than there were during the pandemic of 2020. Higher interest rates and massive levels of corporate debt drove the flurry of business failures last year. There were 642 corporate bankruptcy filings in the U.S. in 2023, according to S&P...

This Isn’t Fine! Money Metals Midweek Memo Podcast

(Mike Maharrey, Money Metals Exchange) Like many, I once owned a Plymouth Neon. It seemed perfectly fine - looked good, sounded good, and got me from point A to B. But beneath its exterior, it had a critical flaw: a non-functional radiator fan. This problem, while not apparent in...
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