FINANCE
Musk’s AI to Hold Politicians Accountable for Spending Sprees
(Luis Cornelio, Headline USA) Twitter owner Elon Musk might soon provide a remedy to expose Congress's efforts to secretly push through large pieces of legislation without allowing Americans to scrutinize and review their contents.
Musk announced on Monday that his artificial intelligence chatbot, Grok, will feature the capability to summarize what...
El Salvador President: ‘Confidence in Your Currency Could Be Lost.’
(Mike Gleason, Money Metals News Service) Precious metals markets enter trading for March with gold bulls wondering whether the monetary metal is finally ready to march up to new highs.
Gold spent the first two months of the year locked in a trading range between $2,000 and just under $2,100...
Inflation Is Still Gobbling Up Your Paycheck
(Mike Maharrey, Money Metals News Service) While your paycheck might be a little fatter, you’re actually earning less because price inflation continues to gobble up your paycheck.
As pundits and politicians slice and dice various inflation reports, debating whether or not the Fed has finally tackled inflation, things aren’t getting...
What Dynamics Drive the Silver Price?
(Mike Maharrey, Money Metals News Service) What drives the price of silver? Understanding silver pricing can be tricky because of the metal’s dual nature. It is an industrial commodity, but fundamentally, silver is money.
A recent report by the Silver Institute attempts to untangle the various factors that go into...
As Safety Declines, Buttigieg Warns Airlines over Wheelchair Damage
(Headline USA) During a recent spate of airline catastrophes or mid-air near-catastrophes, former South Bend, Ind., Mayor Pete Buttigieg was nowhere to be found.
Yet, after nary a word to address the growing issue of plane failures---which some attribute to the push to diversify flight crews and engineering staffs---the Biden...
FTC Sounds Alarm over Proposed Kroger-Albertsons Grocery Store Mega-Merger
(Headline USA) Kroger and Albertsons—two of the biggest grocery chains in the United States—had hoped to complete the largest supermarket merger in the country's history this year.
But their plan to compete with big-box retailers by combining forces faces legal challenges that make it look far less likely, at least...
Fed’s Preferred Inflation Gauge Belies Biden’s Messaging on Economic Recovery
(Headline USA) An inflation gauge favored by the Federal Reserve increased in January---the latest sign that consumer price increases have yet to get the memo from the Biden administration and its media allies that the U.S. economy is healthy and flourishing despite three years of post-pandemic mismanagement.
The government reported...
The Questions CFTC and Fed Won’t Answer Point to a Gold Price Suppression Policy
(Chris Powell, Gold Anti-Trust Action Committee, Money Metals News Service) If mainstream financial news organizations ever work up the courage to report honestly about monetary gold, the commanding heights of the issue will have been mapped out for them by U.S. Rep. Alex X. Mooney, R-West Virginia.
After all, where...
Could Weaponization of the Dollar Accelerate De-Dollarization?
(Mike Maharrey, Money Metals News Service) You can effectively use a stick to keep people in line. But you might find yourself in trouble if they pick up a bigger stick.
The United States could be in danger of finding this out the hard way.
The U.S. government uses the dollar’s...
Buy Gold and Silver to Hedge Against Counterparty Risk
(Mike Maharrey, Money Metals News Service) Owning silver and gold is a good way to hedge against counterparty risk.
What exactly is counterparty risk?
In simple terms, it is the possibility that the party on the other side of a transaction might not fulfill its obligation.
For instance, if I loan you...
Fed Chair Tight-Lipped on Foreign Nations’ Evacuation of Gold from U.S.
(Ken Silva, Headline USA) Concerned about a weaponized financial system, many countries have signaled plans to remove their gold and other assets from the U.S. in the wake of the unprecedented Western sanctions imposed on Russia over its invasion of Ukraine.
And at least one congressman is demanding answers from...
Gold and Silver Are Real Money
(Mike Maharrey, Money Metals News Service) Gold and silver are often disparaged as "useless" or "barbarous relics" by investors and economists. But as Mike Maharrey explains in this episode of the Money Metals' Midweek Memo, gold and silver are real money.
In this show, Mike argues that a return to...
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