FINANCE
Soros-Backed Vice Media Is the Latest Leftist Outlet to Shut Down
(Jacob Bruns, Headline USA) Vice Media, a leftist outlet backed by globalist oligarch George Soros, is set to temporarily shut down operations, laying off hundreds of staffers and ceasing online publication, CNN reported.
According to reports, the failing media company will undergo “fundamental changes” to its “strategic vision” as it...
Another Reason to Question Government CPI Data
(Mike Maharrey, Money Metals News Service) According to the latest Consumer Price Index (CPI) data, prices rose by 3.1 percent over the last year.
Based on my own experience at my local shopping center, that seems low.
And it may well be.
There are reasons to doubt the accuracy of CPI data.
According...
REPORT: Blue States Spent Millions in COVID-Relief Funds on Illegals
(Headline USA) Democratic states and cities have spent tens of millions of dollars allocated to them as COVID-19 relief on illegal immigrants, according to Fox News.
A review of state and local programs shows Democrat governors and mayors have spent at least $517 million on initiatives for “undocumented residents.”
The funding...
Bad Commercial Real Estate Loans Put Strain on Banking System
(Mike Maharrey, Money Metals News Service) The commercial real estate market continues to deteriorate in this high-interest rate environment, putting stress on the banking system.
The dollar amount of bad commercial real estate loans has ballooned beyond the loss reserves held by big banks to cover them as more and...
Biden Announces Another $1.2 Billion in Illegal Student Loan Debt Forgiveness
(Headline USA) The Biden administration announced this week it will transfer another $1.2 billion in student-loan debt from more than 150,000 borrowers to taxpayers at large, despite a Supreme Court ruling last year that made clear the executive branch lacks the authority to do so without congressional action.
President Joe...
‘Shark Tank’ Star: Trump Verdict Will Keep Future Business Out of N.Y.
(Matthew Doarnberger, Headline USA) Multimillionaire investor Kevin O'Leary said Monday in an interview with Fox Business host Neil Cavuto that he would never invest anywhere in the state of New York after Judge Arthur Engoron issued a controversial $355 million verdict against former President Donald Trump for what many...
The Federal Reserve Enables and Grows Big Government
(Mike Maharrey, Money Metals News Service) The Federal Reserve is the engine that powers one of the biggest, most powerful governments in history.
In this episode of the Money Metals' Midweek Memo, host Mike Maharrey explains how and why the Fed enables an ever-growing federal government.
Mike opens the podcast using...
Wisconsin House Votes Overwhelmingly to End Sales Tax on Sound Money
(Jp Cortez, Sound Money Defense League) The Wisconsin Assembly just voted overwhelmingly to end sales taxes on purchases of gold and silver.
Assembly Bill 29, primarily sponsored by Rep. Shae Sortwell, just passed out of the State Assembly by a bipartisan vote of 86-12. This popular bill is cosponsored by almost...
Texas May Be the Last Line of Defense in Soros’s Scheme to Control Airwaves
(Jacob Bruns, Headline USA) Globalist oligarch George Soros is on the verge of acquiring Audacy, one of the largest radio-show networks in the United States---a network that claims to be able to reach over 200 million people---according to bankruptcy filings reported last week by the New York Post.
The radio...
Another Inflation Signal: Producer Prices Unexpectedly Spike
(Mike Maharrey, Money Metals News Service) I have argued that despite cranking up interest rates and running some assets off its balance sheet, the Federal Reserve has not done enough to beat inflation. And here’s another sign that inflation isn’t down and out.
Producer prices rose more than expected in...
What Will It Take for Metals to Break Higher?
(Clint Siegner, Money Metals News Service) Gold and silver prices remain range bound and investors are frustrated. Precious metal mining shares have been drifting lower for years. The GDXJ, an index of junior mining companies, is at the lowest level seen since the depth of the COVID sell-off in...
Chinese Wholesale Gold Demand Sets January Record
(Mike Maharrey, Money Metals News Service) Chinese gold demand kicked off 2024 with a bang. Wholesale gold demand set a record in January. Meanwhile, assets under management by Chinese gold ETFs reached an all-time high.
China ranks as the world’s top gold consumer, and Chinese demand has a significant impact...
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