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Thursday, November 14, 2024

FINANCE

Yes, Warren Buffett WILL Make $Billion$ Off Keystone Pipeline’s Demise

(Jon Miltimore, Foundation for Economic Education) The internet is not known as a purveyor of truth. (In case you didn’t know.) The false information can take many forms. Maybe it’s the fake Robin Williams quote your aunt shared on Facebook. Or perhaps it’s the nutty Qanon conspiracies you see in your...

ECONOMISTS: We Can’t Keep Ignoring the National Debt Forever

(Brad Polumbo, Foundation for Economic Education) With COVID-19 ravaging the country and government pandemic lockdowns devastating our economy, the national debt has understandably slipped to the back of many Americans’ minds. But the federal government continues to fall deeper into the red at a dramatically accelerating rate. Free-market economists interviewed by...

Is the Reckoning Nigh for Silver Shorts?

(Clint Siegner, Money Metals News Service) Investors are buying silver in vast quantities – in whatever form they can get it. Smaller silver bugs are buying it a few ounces at a time from scarce retail inventories. Whales are accumulating millions of ounces via the silver ETFs or by standing for...

Worker Freedom Group Asks SCOTUS to Enforce Its Decision Against Forced Union Dues

(Freedom Foundation) The U.S. Supreme Court is being asked to consider a case that would finally enforce one of its own recent decisions and empower millions of public employees trapped by organizations and government officials openly thumbing their noses at the highest court in the land. On Thursday, the Freedom Foundation...

Biden’s New Dawn of Net-Zero Looks Like a Dark Day for Labor

(Vince Bielski, RealClearInvestigations) Last Labor Day, candidate Joe Biden made an impassioned pitch to leaders and members of the AFL-CIO, America’s largest labor federation. Stressing that “the great American middle class was built by unions,” he jabbed his finger in the air for emphasis as he promised, “I’m going to be...

Owning Real Assets Amid Surreal Markets

In the current market environment, little else matters other than momentum. What’s moving up gets chased higher still by investors. And what can be moved up by any means is pursued by speculators who hope to jump-start a momentum trade. It’s all being fueled by cheap money and government “stimulus.” The consequences? The U.S....

Could Silver ‘Do a Palladium?’

(David Smith, Money Metals News Service) Palladium was manipulated for years. It had the largest short position relative to its size, while physical demand rose inversely to decreasing supply. In 2018, demand became so large that it overwhelmed the shorts. Physical palladium could not meet the market's needs and prices exploded. Shorts eventually decreased...

Leftists Boycott Grocery Chain Publix After Heiress Donated to Pro-Trump Rally

Leftists launched a boycott of grocery store chain Publix Super Markets after a member of the company’s founding family donated to a pro-Trump “Stop the Steal” rally in Washington, D.C. last month. The Wall Street Journal reported that Julie Jenkins Fancelli, a prominent Trump donor and the heiress of the...

Budget Office Expects $2.3T Deficit Before Biden Relief Plan

(Associated Press) The Congressional Budget Office says the federal government is on track for a $2.3 trillion deficit this year, down roughly $900 billion from last year when the coronavirus pandemic led Congress to provide historic amounts of financial aid. Stronger economic growth has helped to reduce the anticipated shortfall for...

Backwardation and Other Evidence of a Silver Supply Squeeze

(Clint Siegner, Money Metals News Service) The effort to squeeze silver shorts may appear to have fizzled, but naked short sellers are as vulnerable as ever. Silver futures prices are entering backwardation. That is a bad omen for anyone betting on lower silver prices. Backwardation happens very rarely, but this condition has...

Idaho House Votes to Encourage Holding Gold and Silver to Protect State Reserves

(Jp Cortez, Sound Money Defense League) The Idaho State House on Thursday overwhelmingly approved a bill which enables the State Treasurer to protect state reserve funds from inflation and financial risk by holding physical gold and silver. State representatives voted 51-19 to pass House Bill 7, the Idaho Sound Money Reserves...

GOP Sens. Urge SEC to Block NASDAQ Quotas for Race, Gender on Corporate Boards

Republicans on the Senate Banking Committee sent a letter to the Securities and Exchange Commission expressing their opposition to a new race, sex, and gender diversity rule, according to a press release. The SEC will vote on whether to accept a proposed NASDAQ regulation that would compel publicly traded companies...
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