Saturday, May 10, 2025

FINANCE

Vermont Representatives File Bill to End Sales Tax on Gold and Silver

(Money Metals News Service) Representatives in Vermont realize that their state has become a big outlier, and that it’s high time for the state to end their practice of taxing purchases of gold and silver. House Bill 295, a measure that removes this taxation from gold and silver coins and...

IMF Analysis: Rise of AI to Enhance or Eliminate 60% of Jobs

(Eli Pacheco, Headline USA) A recent report from the International Monetary Fund revealed that artificial intelligence impacts 60% of jobs in nations with advanced economies and poses a threat to eliminating about half of those. IMF, a lender of last resort to national governments, supports exchange-rate stability. It uses a quota...

Wisc. Lawmakers Reintroduce Measures to End Sales Tax on Gold, Silver

(Money Metals News Service) A large bipartisan contingent of Wisconsin legislators have reintroduced legislation seeking to end Wisconsin’s outdated practice taxing purchases of gold and silver. Assembly Bill 29 and Senate Bill 33, primarily sponsored by Rep. Shae Sortwell and Sen. Duey Strobel (R - Saukville), respectively, are cosponsored by almost two...

Gold Builds Support at $2,000; What’s Next?

(Mike Maharrey, Money Metals Exchange) Gold appears to have built solid support above $2,000 an ounce, but momentum to move higher in the short term has eased with uncertainty about the timing of Federal Reserve rate hikes. But short-term sentiment aside, there are plenty of reasons to remain bullish on...

Bitcoin Is No Substitute for Gold

(Clint Siegner, Money Metals Exchange) With Bitcoin making the news last week when the Securities and Exchange Commission (SEC) finally approved exchange traded funds, it’s a good time to review the topic again. Bitcoin still offers the potential to serve as a form of honest money and to end-run the...

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...

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...

House Speaker Johnson Is Accused of Caving on Spending Cuts

(Mike Gleason, Money Metals Exchange) As inflation comes in hotter than expected and the federal deficit comes in higher than ever, investors face rising risks in financial markets. On Thursday, the Labor Department reported that the Consumer Price Index for December rose by 0.3%. That was a bigger increase than...

The Common Definition of “Inflation” Is Wrong! It’s Just Government Propaganda

(Mike Maharrey, Money Metals Exchange) The Consumer Price Index for December came in hotter than expected but it’s a lot lower than it was a year ago. That means inflation is decreasing, right? Not so fast. It’s important to understand that the term “inflation” as bandied about by government people and...

Biden Admin. Runs Half Trillion Dollars Deficit in Q1 of Fiscal 2024

(Mike Maharrey, Money Metals Exchange) Just one quarter into fiscal 2024, the federal government has already run a budget deficit of over half a trillion dollars. The December budget shortfall came in at $129.37 billion, according to the latest Monthly Treasury Statement. That drove the 2024 deficit to $509.94 billion....

FAA to Intensify Oversight of Boeing after Midflight Panel Blowout

(Headline USA) The Federal Aviation Administration will begin auditing Boeing's aircraft production and increase oversight of the troubled manufacturer after a panel blew off a jetliner in midflight last week, the last in a string of mishaps for its marquee aircraft. The agency's move comes just a day after it announced an investigation...

‘Good God’: Major Biden Agency Failed to Properly Disclose 2022 Gov’t Grants

(Luis Cornelio, Headline USA) The Biden-led Environmental Protection Agency failed to accurately disclose its taxpayer-funded grants in fiscal year 2022, raising concern about transparency on its spending, a scathing report found.  First reported by the Daily Caller on Thursday, the EPA's Office of the Inspector General exposed the Biden agency's failure...
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