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Sunday, November 17, 2024

FINANCE

Tennessee Governor Signs Bill to Protect State Funds with Gold and Silver

(Jp Cortez, Sound Money Defense League) Tennessee Gov. Bill Lee has signed a measure into law that would empower the state treasurer to invest state funds in physical gold and silver. House Bill 1479, introduced by Rep. Bud Hulsey, passed out of the House of Representatives on Monday with a 98-0...

Lawmakers Tell Ex-CEOs of Woke Banks: ‘You Must Answer’ for Failures

(Headline USA) Leaders of the Senate's banking committee on Thursday warned former chief executive officers at the failed Silicon Valley Bank and Signature Bank that they expect them to testify before the panel, saying in a letter to each: “you must answer for the bank's downfall.” The committee is examining the events leading up...

Federal Reserve Rate Hike is 9th since March 2022

(Casey Harper, The Center Square) The Federal Reserve announced a key interest rate hike Wednesday, the ninth time it has done so since early 2022 in its effort to combat rising inflation. The rate got a quarter-point increase to 0.25% to 0.5% on March 17 of last year; the latest hike...

Iconic NYC Pizzeria Bids Farewell to $1 Pizza Slices amid Bidenflation

(Jacob Bruns, Headline USA) One of New York City's most famous pizza restaurants is putting an end to its popular $1 pizza slice as inflation sweeps America, the New York Post reported. The iconic pizza chain, 2 Bros. Pizza, announced recently that it has been forced to up the price...

Biden Uses First Veto to Protect ESG Activists

(Dmytro “Henry” Aleksandrov, Headline USA) Joe Biden issued his first veto on Monday, blocking a measure by Congress to a Labor Department rule that allows retirement plans to consider environmental, social and governance factors when making investment decisions. The Democrat-controlled Senate passed the GOP-led effort last week, with the White House...

L.A. Times Claims Banking Crisis a ‘Blessing in Disguise’

(Jacob Bruns, Headline USA) Big-government apologists at the Los Angeles Times recently declared that the elite-caused Silicon Valley Bank crisis and its fallout is really a "blessing in disguise," Legal Insurrection reported. Times columnist Doyle McManus penned the op-ed, suggesting that the banking crisis might be a blessing because it...

Federal Reserve Moves Towards Centralized Digital Currency

(Ken Silva, Headline USA) The Federal Reserve announced Wednesday the impending launch of a pilot program that observers say resembles the controversial central bank digital currency (CBDC) system—something that would lead to vaccine passports, social credit scores and other dystopian social technologies, Zero Hedge reported. The “FedNow Service” will start operating...

Rep. Daniel Goldman’s Family Foundation is Invested in Norfolk Southern, Filings Indicate

(Ken Silva, Headline USA) New York Democrat U.S. Rep. Daniel Goldman’s non-profit organization is reportedly invested in Norfolk Southern, the company responsible for the toxic East Palestine, Ohio train derailment, according to the organization’s tax filings. The financial ties of Goldman’s organization, the Richard W. Goldman Family Foundation, were initially investigated...

DeSantis Leads Coalition of Governors Fighting Biden’s ESG Policy

(Bethany Blankley, The Center Square) Florida Gov. Ron DeSantis is leading a coalition of governors from 18 states who’ve pledged to fight the Biden administration’s environmental, social and corporate governance agenda. The governors said Biden's investment agenda is a “decision to jeopardize retirement savings for millions of Americans to promote far...

Gaslighting Yellen Stuns Sen. Ron Johnson by Denying Core Cause of Inflation

(Headline USA) Treasury Secretary Janet Yellen left GOP jaws dropped on the Senate floor by continuing to downplay what many believe to be the root cause of the Biden administration's persistent economic woes. A week after the second-largest bank collapse in U.S. history, Yellen told the Senate Finance Committee on...

Economists, Business Groups Cast Shade on Inflation Trends

(Tom Gantert, The Center Square) Not everyone was optimistic about the trend when the U.S. Bureau of Labor Statistics released its Consumer Price Index data this week showing inflation had dropped for the eighth consecutive month. The Consumer Price Index showed inflation at 6% for the last 12 months ending in...

Biden Allies Point Fingers at Fed for Failing to Recognize Red Flags at Woke SVB

(Headline USA) The Federal Reserve is facing stinging criticism for missing what observers say were clear signs that uber-woke Silicon Valley Bank was at high risk of collapsing into the second-largest bank failure in U.S. history. The California-based SVB and another failed financial institution, New York-based Signature Bank, have both...
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