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Saturday, November 16, 2024

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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...

Powell Preps for Interest-Rate Reductions as Dems Get Election Jitters

(Headline USA) The Federal Reserve faces a cooling job market as well as persistently high prices, Chair Jerome Powell said in testimony Tuesday to Congress, a shift in emphasis away from the Fed's single-minded fight against inflation of the past two years that suggests it is moving closer to...

Pentagon: Nukes Program Must Proceed, Despite 81% Budget Overshot

(Headline USA) The new Sentinel nuclear weapons program is 81% over budget and is now estimated to cost nearly $141 billion, but the Pentagon is moving forward with the program, saying that given the threats from China and Russia it does not have a choice. The Northrop Grumman Sentinel program...

WATCH: Expert Witness from Trump Trial Provides Squashed Testimony to Congress

(Ken Silva, Headline USA) During Manhattan DA Alvin Bragg’s controversial prosecution Donald Trump, the presidential frontrunner sought to have campaign finance expert Bradley A. Smith testify about why Bragg’s case was unlawful. Keeping in line with his many rulings against Trump, Judge Juan Merchan denied the defendant’s request to have Smith provide meaningful testimony during...

Manhattan DA’s Office Looks to Punt Weinstein Re-Trial to Post-Election

(Headline USA) Although Manhattan District Attorney Alvin Bragg and his team of George Soros-backed lawfare accomplicies may have been in a rush to prosecute former President Donald Trump ahead of the November election, they're in no such hurry to schedule the retrial of accused sexual predator and Democrat megadonor...

SCOOP: FBI Identified ‘Person of Interest’ in Capitol Pipe Bomb Case by Jan. 10, 2021

(Ken Silva, Headline USA) The FBI released a new batch of records about its Capitol Hill uprising investigation on Monday, revealing that investigators identified a “person of interest” in its Jan. 5/6 pipe bombs investigation within days of the incident. The record about the FBI’s person of interest is a...

GOP Sen. Dies after Questioning Climate Change: ‘Greatest Hoax Ever Perpetrated’

(Headline USA) Sen. Jim Inhofe, R-Okla., a conservative icon known for his strong support of defense spending and staunch climate-change skepticism, has died. He was 89. Inhofe, a powerful fixture in Oklahoma politics for over six decades, died Tuesday morning after he had a stroke over the July Fourth holiday,...

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...

Is It Time to Get Bullish on Platinum?

(Mike Maharrey, Money Metals News Service) Is now a good time to get bullish on platinum? I’ve written a lot about the fact that silver appears to be underpriced given both technical factors and the supply and demand dynamics. Platinum may be even more undervalued. The current platinum price is hovering...

Report: Parkinson’s Doctor Visited Biden White House 8 Times in 8 Months

(Ken Silva, Headline USA) The bad news keeps coming for the embattled Biden administration. The most recent nail in the Biden campaign coffin came Monday afternoon in the form of a New York Times article, which revealed that an expert on Parkinson’s disease from Walter Reed National Military Medical Center...

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...

Have We Been in Recession for Years?

(Peter St. Onge, Money Metals News Service) Have we already entered a recession? Worse, have we been in a recession for years now? Recently I joined Jeff Tucker of the Brownstone Institute on an article about the Herculean task of trying to figure out what's actually happening in the economy. Which is a challenge given every official...
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