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Friday, January 10, 2025

FINANCE

How to End the Fed

(Peter St. Onge, Money Metals News Service) How can we End the Fed... Without a government-licensed counterfeiter, would we be eating cat food? There's an entire industry dedicated to pumping out Fear, Uncertainty, and Doubt of the post-apocalyptic dystopia that would descend upon the fair republic if we cancel the Fed's counterfeiting...

Walmart’s Rollback of Controversial DEI Practices Leaves Left-Wing Activists Reeling

(Headline USA) Walmart's sweeping rollback of its diversity policies is the strongest indication yet of a profound shift taking hold at U.S. companies that are re-evaluating the legal and political risks associated with discriminatory hiring and advancement practices based exclusively on identity politics. Walmart confirmed to the Associated Press that...

11 AGs Declare War on BlackRock, Vanguard for Coal Market and ESG Manipulation

(Luis Cornelio, Headline USA) Texas Attorney General Ken Paxton, joined by 10 other attorneys general, sued three of the world’s largest investment firms, alleging antitrust violations and attempts to manipulate the coal market.  The lawsuit, filed Wednesday in federal court, accuses BlackRock, State Street Corporation and Vanguard Group of pressuring coal producers...

Intel Reaches $8B Deal for CHIPS Money, If Bill Can Avoid Repeal

(J.D. Davidson, The Center Square) After delays and lobbying from business groups around the country, the U.S. Department of Commerce and Intel announced a deal Tuesday morning to release nearly $8 billion in direct CHIPS Act funding. The $7.86 billion directly impacts Intel’s commercial semiconductor manufacturing and advanced manufacturing projects...

Leaders from Mexico, Canada, China Warn of Retaliation to Trump’s Tariff Trade War

(Brett Rowland, The Center Square) President-elect Donald Trump's vow to hit America's top trading partners with 25% tariffs on imported goods prompted a cool response from neighbors and China. Mexico's lower house leader Ricardo Monreal, a member of the ruling Morena party, said a trade war would hurt the entire...

Pentagon Fires Back after Musk Calls Its Most Expensive Project ‘Obsolete’

(Brett Rowland, The Center Square) Pentagon officials declined to comment on billionaire Elon Musk's critical assessment of its most expensive project, the F-35 stealth fighter. The Tesla CEO and SpaceX leader, now tasked with co-managing the Trump administration's Department of Government Efficiency, called the Pentagon's stealth fighter "obsolete." "The F-35 design...

Chinese Central Bank Just Secretly Bought 60 Tonnes of Gold

(Jan Nieuwenhuijs, Money Metals News Service) The People’s Bank of China (PBoC) is covertly buying very large amounts of gold, adding upward pressure to a tense gold market. An explosive cocktail of Western institutional investors and central banks in the East buying gold this year is making the gold price...

Seven Key Indicators to Watch as the Dollar Declines

(Mike Maharrey, Money Metals News Service) There's been a lot of talk about "de-dollarization," with many countries trying to minimize their exposure to the U.S. dollar. But is the dollar really in trouble? Investment guru Nick Giambruno thinks it is. In fact, he believes the dollar will ultimately collapse. But it's sometimes...

The Fed Lost Another $20B in 3rd Quarter; You Will Get the Bill

(Mike Maharrey, Money Metals News Service) The Federal Reserve booked $19.9 billion in operating losses in the third quarter. Keep in mind that Fed losses ultimately become your losses. The taxpayer is on the hook for the central bank’s shortcomings. Fed losses in the last quarter were 35 percent lower than...

Four Dem. Firms Earned $600M Pushing Pro-Kamala Ads

(Dmytro “Henry” Aleksandrov, Headline USA) It was recently reported that four Democratic firms earned $600 million for promoting ads celebrating former Democratic presidential nominee Kamala Harris before President-elect Donald Trump won the 2024 election. Federal Election Commission (FEC) records that the Washington Free Beacon reviewed indicated that Harris's presidential campaign directed...

Ben & Jerry’s Sues Parent Company over Censorship of Leftist Ideology

(Dmytro “Henry” Aleksandrov, Headline USA) Infamous leftist ice cream brand Ben & Jerry's recently sued its parent company, Unilever, for allegedly censoring the woke company's pro-Palestinian and anti-Israel rhetoric. The Daily Wire reported that the company constantly pushed far-left talking points. This time, Unilever allegedly pushed back against Ben &...

Judge to Rule on Whether Google’s Advertising Tech Constitutes Monopoly

(Headline USA) Google, already facing a possible breakup of the company over its ubiquitous search engine, is fighting to beat back another attack by the Department of Justice alleging monopolistic conduct, this time over technology that puts online advertising in front of consumers. The Justice Department and Google were scheduled to...
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