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Monday, December 23, 2024

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Actor Eddie Griffin: Probably Going to Vote for ‘Crook’ Trump over ‘Puppet’ Kamala

Editor's note: Video contains profanity. (Chris Cella Jr., Headline USA) Actor and comedian Eddie Griffin joined a growing list of black celebrities supporting Donald Trump over Kamala Harris in the 2024 presidential election. During a recent episode of his podcast, Griffin referred to Harris as a “puppet” and a “lying, stinking...

Federal Reserve Losses Top $200 Billion and You’re on the Hook

(Mike Maharrey, Money Metals News Service) Federal Reserve losses have eclipsed $200 billion as the central bank continues to bleed red ink. Oh, and by the way, you – the taxpayer – are ultimately on the hook.  According to the latest data from the central bank, the Fed has now lost...

Money Metals Midweek Memo: Silver’s Potential Amid Economic Shifts

(Money Metals News Service) In this week’s Money Metals Midweek Memo, host Mike Maharrey provides insightful commentary on the state of precious metals, the economy, and the importance of sound money in times of uncertainty.  As a hurricane threatens his Florida home, Mike emphasizes the critical need for physical money...

Credit Card Spending Tanked in August; U.S. Consumers Tapped Out?

(Mike Maharrey, Money Metals News Service) How close are Americans to hitting their credit card limits? That's hard to say, but based on the latest consumer credit data from the Federal Reserve, they may be getting closer. Over the last several months, American consumers have been yo-yo-ing between slowing credit card spending...

Election Year Medicare Move Costs Taxpayers $21B over Next 3 Years

(Shirleen Guerra, The Center Square) The Congressional Budget Office has released an analysis of the Biden administration's newly announced Medicare prescription drug premiums, estimating the new program could cost taxpayers more than $21 billion over three years if implemented. The analysis comes after House Ways and Means Committee Chairman Jason...

Currency Carry Trades Become Renewed Gold Price Drivers

(Mike Gleason, Money Metals News Service) As the U.S. dollar bounces back versus foreign currencies, gold and silver markets are showing resilience. The Dollar Index is moving up sharply in the early goings of October after falling steadily for three months prior.  Currency traders ditched the Japanese yen after Japanese...

Silver Miners Struggle to Keep Up With Demand

(Mike Maharrey, Money Metals News Service) Demand for silver has skyrocketed in recent years, and supply hasn’t been able to keep up. Silver demand has outstripped supply for three straight years and the Silver Institute projects another market deficit in 2024. This is primarily due to rapidly rising industrial demand,...

Hungarian Central Bank Announces Increase in Gold Reserves

(Mike Maharrey, Money Metals News Service) The Hungarian National Bank has joined the growing number of central banks globally, increasing their gold reserves.  In a recent press release, Hungary's central bank announced it has increased its gold holdings from 94.5 tons to 110 tons this year. “The increase in the gold...

Announcing the Sound Money Fellowship: Promoting Sound Money Research

(Sound Money Defense League) The Sound Money Defense League and Money Metals Exchange are proud to announce the inaugural Sound Money Fellowship—a new program designed to foster advanced research in the field of sound money. The two groups have set aside more than 100 ounces of physical gold (currently valued at approximately $260,000) to reward...

Silver is Starting to Break Out. Here’s What to Watch.

(Jesse Colombo, Money Metals News Service) Last week, I published a Substack piece titled “Here's When Silver Will Surge Like Gold” and followed it up with a related Twitter thread that quickly went viral. China cut interest rates last week and unveiled an extensive stimulus package to boost its struggling economy. These...

Welfare Fraud Charges Filed Against 103 Recipients

(Christen Smith, The Center Square) Pennsylvania investigators charged 103 welfare recipients with fraud over the summer, according to an announcement Wednesday from the Office of Inspector General. All but one of the beneficiaries risk felony convictions, which carry possible maximum penalties of seven years in prison and $15,000 fines. The...

OpenAI CEO Sam Altman Takes 7% after Claiming ‘I Don’t Really Need More Money’

(Victoria Cook, Headline USA) Sam Altman, cofounder and CEO of artificial intelligence heavyhitter OpenAI is to receive 7% of the company's stock shares, estimated at $10.5 billion. This action, along with its recent shift to become a for-profit enterprise, contradicts prior statements Altman has made in the last year...
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