(Mike Maharrey, Money Metals News Service) Could the movement of gold from West to East set the stage for a gold-backed currency?
Some analysts think that might be the case.
And if that is the direction the world is heading, it would be disastrous for the U.S. dollar.
The impact remains unclear, but...
(Luis Cornelio, Headline USA) Former House Speaker Nancy Pelosi, D-Calif., appeared for a softball interview on MSNBC on Monday but quickly became enraged when the anchor called her out on a politically inconvenient fact.
Pelosi participated in a live interview on Katy Tur Reports, where she attempted, albeit unsuccessfully, to make the...
(Headline USA) For decades, tourists to Hawaii have brought home gift boxes of the islands’ famous chocolate-covered macadamia nuts for friends and family, but these days many of the kernels in the package might not be Hawaii-grown.
This little-known fact is surfacing at the state Legislature as lawmakers wrestle over...
(Headline USA) On a three-lane test track along the Monongahela River, an 18-wheel tractor-trailer rounded a curve. No one was on board.
A quarter-mile ahead, the truck's sensors spotted a trash can blocking one lane and a tire in another. In less than a second, it signaled, moved into the...
(Brett Rowland, The Center Square) The former U.S. Comptroller General said Congress' failure to address the federal debt burden was "irresponsible."
David Walker, former Comptroller General of the United States and a member of the Main Street Economics Advisory Board, said recent economic data should prompt lawmakers to take action...
(Jacob Bruns, Headline USA) The Federal Communications Commission reinstated an Obama-era internet neutrality rule allowing the federal government and its bureaucracy to govern internet traffic, Politico reported.
The three Democrats on the FCC panel outvoted the two Republicans, instituting the rule on the pretense that it will protect consumers.
At stake...
(Money Metals News Service) In a recent episode of Money Metals' Midweek Memo, host Mike Maharrey engaged in an enlightening conversation with Mark Skousen, an eminent economist with a PhD from George Washington University.
Skousen, who was recently named one of the top 20 living economists, delved into various pressing...
(Mike Gleason, Money Metals News Service) As economic data comes in worse than expected, investor uncertainty is rattling markets.
On Thursday, the Commerce Department released its estimate of Gross Domestic Product for the first quarter. GDP growth came in at a disappointing 1.6% -- well short of the 2.3% consensus...
(Mike Maharrey, Money Metals News Service) The Federal Reserve has a $34.5 trillion problem. And the problem is growing. Yes, I’m talking about the national debt.
How is the debt the Fed’s problem?
It hamstrings the Fed’s ability to fight price inflation.
In a recent interview, Crescat Capital macro strategist Tavi Costa...
(Molly Bruns, Headline USA) The Internal Revenue Service announced that it will begin using artificial intelligence technology in order to police U.S. citizens, raising concerns about weaponization of the software against conservatives, the Epoch Times reported.
“Right now, I believe that there are AI solutions that we have not yet leveraged...
(Money Metals News Service) With Gov. Jim Pillen’s signature, Nebraska has become the 12th state to end capital gains taxes on sales of gold and silver.
Under LB 1317, any “gains” or “losses” on precious metal sales reported on federal income tax returns are backed out, thereby removing them from...
(Mike Maharrey, Money Metals News Service) Strong Chinese gold demand will continue to support the gold market according to a recent research report by Metals Focus.
Gold recently hit record highs over $2,400, but there has been some profit-taking and consolidation this week. Cooling geopolitical tensions in the Middle East...