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Thursday, March 28, 2024

FINANCE

The Fed Lost Billions, and You’re Going to Pay for It!

(Mike Maharrey, Money Metals News Service) The Federal Reserve recorded a record loss of $114.3 billion in 2023, and you (the American taxpayer) are on the hook. The last time the Fed ran a net operating loss was 1915. The loss was a direct result of the Fed’s interest rate hikes...

Canadian Court: Trudeau’s Attacks on Freedom Convoy Were Illegal

(Jacob Bruns, Headline USA) A Canadian Court has ruled that the country's prime minister, Justin Trudeau, took unjustified actions against Canadian truckers who protested the liberal nation's stringent lockdowns in February of 2022, the Guardian reported Tuesday. Justice Richard Mosley called Trudeau's actions as Prime Minister "unreasonable and illegal" in...

9th Circuit: FBI Illegally Raided Hundreds of Safe-Deposit Boxes

(Ken Silva, Headline USA) The 9th Circuit Court of Appeals ruled Tuesday that the FBI acted unlawfully in March 2021, when it raided hundreds of renters’ safe-deposit boxes in Beverly Hills, conducted criminal searches of them all, and attempted to permanently keep everything in the boxes worth more than...

MAHARREY: Understanding the Hidden Impact of Taxes and Inflation

(Mike Maharrey, Money Metals News Service) In our complex financial landscape, few things are as pervasive and recurrent as taxes. From the obvious ones like income, sales, and property taxes to the less apparent ones embedded in our daily bills, the spectrum of taxation is wide and deep. However,...

The Rise and Fall of N.C.’s Leadership in Gold and Sound Money

(Joshua D Glawson, Money Metals News Service) The first gold rush in North America began in North Carolina in 1799 after a 12-year-old boy named Conrad Reed found a 17-pound gold nugget. The news spread, drawing the attention of tens of thousands of prospectors to begin mining operations throughout...

TurboTax Maker Barred from Advertising ‘Free’ Tax Services w/o Disclosing Eligibility

(Headline USA) U.S. regulators have barred TurboTax maker Intuit Inc. from advertising its services as “free” unless they are free for all customers, or if eligibility is clearly disclosed. In an opinion and final order issued Monday, the Federal Trade Commission ruled that Intuit engaged in deceptive practices by running...

Earn More, Get Less: Price Inflation Has Gobbled Up Your Paycheck

(Mike Maharrey, Money Metals News Service) So, boss, about that pay raise... Do you feel like you’re taking two steps forward and three steps back? Well, no matter what Paul Krugman or Joe Biden tries to tell you, it’s not your imagination. Sure, you’re probably making more money than you were...

Nebraska Sen. Introduces Measure to Eliminate Income Taxes on Gold, Silver

(Money Metals News Service) The Nebraska State Senate will consider a measure that explicitly states that Central Bank Digital Currencies are not money in the state of Nebraska, as well as eliminating capital gains taxes from gold and silver. Senator Ben Hansen (R-16) has introduced LB 1305 in the 2024 legislative season....

In-N-Out to Close Oakland Location Due to Rampant Crime

(Headline USA) In-N-Out Burger’s only location in Oakland, Calif., announced this weekend that it would be closing its doors due to rampant crime. The fast food joint is one of the only burger spots still turning a profit and has been in the community for 18 years. But continuing operations has...

MAHARREY: Would Another Precious Metal Yield Better ROI than Kanye’s Titanium Teeth?

(Michael Maharrey, Money Metals New Service) Kanye West recently posted a picture of himself on Instagram sporting titanium dentures.   View this post on Instagram   A post shared by DONDA TIMES (@dondatimes) In the post, Ye (as Kanye now refers to himself) referenced Jaws, the iconic James Bond nemesis featured in The Spy...

Republicans, Democrats Team Up to Saddle Americans with More Debt

(Money Metals News Service) Bullion investors are naturally concerned about unsound monetary and fiscal policy. Many of them buy precious metals, in part, because they recognize the federal government is out of control when it comes to borrowing and spending. This makes the most recent betrayal by the Republicans in...

Chinese Gold Demand Up in 2023 Even With Soaring Prices

(Money Metals News Service) Chinese gold demand improved in 2023 even as the price in yuan soared. China ranks as the world’s biggest gold market, and Chinese demand has a significant impact on the global gold market. Gold charted a 17 percent increase in yuan terms and was the second-best-performing asset...
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