FINANCE
Where Do Gold and Silver Prices Go from Here?
(Keith Weiner, Money Metals News Service) One way to look at the price of gold, is that it dropped from its high around $1,900 in early June.
Another way is to zoom out and look at the big picture. Here is a 10-year chart of gold and silver prices.
For over four...
Expectations for Fed Tightening Are Misplaced
(Clint Siegner, Money Metals News Service) Stimulus addicted markets ran into headwinds last week.
Fed watchers found some hints about interest-rate tightening in the just-released FOMC’s July meeting minutes. That was all it took to rattle Wall Street.
Stocks have since recovered some of the initial losses, but it looks like history...
Biden Wants to Extend Unemployment Benefits Despite Widespread Job Openings
(Casey Harper, The Center Square) The Biden administration is working to ensure that $300 weekly unemployment payments from federal taxpayers continue in some form beyond their expiration date set by Congress.
Lawmakers enacted weekly $300 unemployment payments and set them to expire Sept. 6 in response to joblessness during the pandemic....
Bank of America’s Woke Training Tells Employees to ‘Cede Power to People of Color’
Bank of America has instituted a racial reeducation system that teaches white people to “decolonize mind” and “cede power to people of color,” according to City Journal.
“BOA executives launched the initiative by encouraging employees to participate in their ‘Racial Equity 21-Day Challenge,’ a race-training program funded in part...
MANCHIN: Save Coal Industry that Biden and All Other Dems Want Destroyed
Sen. Joe Manchin, D-W.Va., said that the "coal mining industry is going to be saved" during his visit to a coal mine in Ohio County, West Virginia, WTRF reported.
"The coal mining industry is going to be saved, has to be saved because the country cannot operate without it," he...
SEN. RICK SCOTT: Ben & Jerry’s Israel Boycott Likely is Breaking the Law
Sen. Rick Scott, R-Fla., wrote in a letter on Tuesday that the Commerce Department must investigate Ben & Jerry's for possibly violating a 1969 law when it banned ice-cream sales in the West Bank, the New York Post reported.
Scott also wrote that anti-Semitism may have motivated Ben & Jerry's...
Automakers’ Projections Fall Well Short of Biden’s Goal for Electric Vehicles
Detroit-based automakers in early August seconded President Joe Biden's dream that Americans would purchase between 40% and 50% electric vehicles by 2030, but automaker production estimates now indicate that sales will not likely reach 20%.
After analyzing the industry's production estimates, AutoForecast Solutions found that automakers plan to make only...
‘Woke’ Companies Ignore Call to Disassociate from LGBT Leader Who Helped Cuomo
A think tank devoted to fighting corporatism has called upon the CEOs of top companies to pull their support for the Human Rights Campaign, a leading LGBT activist group, after its president helped cover up sexual-harassment allegations against New York Gov. Andrew Cuomo.
BOOKED: @FreeEntProject's Scott Shepard talks with @afncwoodward...
Will the U.S. Currency Regime Fall?
Afghanistan has fallen.
The U.S. government’s nearly two-decade-long, multi-trillion-dollar “nation building” effort in the troubled, tribal country may now have nothing to show for itself.
“President Joe Biden and other top U.S. officials have been stunned by the pace of the Taliban’s nearly complete takeover of Afghanistan,” reports the Associated Press.
Unsurprisingly,...
Socialist Venezuela to Slash 6 Zeros from Its Failed Currency
(Mike Gleason, Money Metals News Service) Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.
After getting off to a rough start to open the week, precious metals markets appear to be stabilizing.
Gold and silver prices got walloped in a futures selling raid ahead of Monday’s market open. Some leveraged...
Biden Orders USDA to Permanently Boost Food Stamp Benefits by 25%
(Headline USA) The Biden administration has approved a significant and permanent increase in the levels of food stamp assistance available to one-in-eight Americans—the largest single increase in the program's history.
Starting in October, average benefits for food stamps (officially known as the SNAP program) will rise more than 25 percent...
Inflation Forces Wholesale Prices to Biggest Hike Ever in July
The Producer Price Index (PPI) shot up 1% in July, bringing the 12-month PPI average to the highest annual jump on record at 7.8%, according to data released by the Labor Department on Thursday.
The news follows up on data released earlier in the week that showed consumer inflation at...
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