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Friday, November 15, 2024

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US Economy Shrank 3.5% in 2020 After Growing 4% Last Quarter

(Headline USA) Forced into a widespread shutdown blamed on the coronavirus, the U.S. economy grew at a 4% annual rate in the final three months of 2020 and shrank last year by the largest amount in 74 years. For 2020 as a whole, a year when the coronavirus inflicted the worst...

Will the Internet Corner the Physical Silver Market?

On the heels of a truly extraordinary social-media-fueled buying frenzy involving shares of GameStop and AMC Theaters, some attention is turning to physical silver. Could a short squeeze in silver be coming too? It's fairly common knowledge that bullion banks have been perpetually short in the silver futures market, using their...

Goya Board Censures CEO Over Support for Trump

Goya’s board of directors reportedly voted to censure CEO Robert Unanue over his continued support for former President Donald Trump. Unanue supported Trump’s claims that the 2020 presidential election had been stolen and even appeared on Fox Business on Inauguration Day arguing that President Joe Biden’s win was “unverified.” He also...

UNREALISTIC: Biden Pledges to Replace Gov’t Fleet w/ Union-Made, American, Electric Vehicles

President Joe Biden pledged this week to replace all vehicles owned by the federal government with U.S.-made electric vehicles. “The federal government also owns an enormous fleet of vehicles which we're going to replace with clean, electric vehicles made right here in America by American workers,” Biden said while discussing...

Biden to Pause Oil and Gas Sales on Public Lands

(Headline USA) President Joe Biden is set to announce a wide-ranging moratorium on new oil and gas leasing on U.S. lands and waters, as his administration moves quickly to reverse Trump administration policies on energy and the environment to address so-called "climate change." Two people with knowledge of Biden’s plans outlined...

Companies Skip Super Bowl Ads; Fear Ticking Off Half the Country

Several of the companies known for their hit Super Bowl commercials have decided to sit this year's game out over concerns about political polarization. Budweiser, Pepsi Co., Coca-Cola, and other major corporations have backed out of advertising during this year’s broadcast and have decided to give money to coronavirus relief...

Twitter Permanently Bans MyPillow CEO Mike Lindell

(Headline USA) Twitter has permanently banned MyPillow CEO Mike Lindell’s account after he continued to make the case that Donald Trump won the 2020 U.S. presidential election, but that widespread vote fraud gave the White House to Joe Biden. Twitter decided to ban Lindell, who founded bedding company MyPillow, due to...

Biden to Preside Over Another Financial Crisis

Being put in charge of the U.S. government’s finances in 2021 is a bit like being appointed captain of the Titanic in 1912. More to the point, trying to avert a financial disaster ahead in the current environment is akin to trying to steer a doomed ship away from a...

Demand for Physical Bullion Surges – Will It Break Paper Markets?

(Clint Siegner, Money Metals News Service) Last year felt like a pivot point in U.S. history. The pandemic and election left the nation ideologically divided. There seem to be only three resolutions going forward. America will face an increasingly authoritarian federal government ruling over a largely apathetic populace, the nation will splinter,...

Idaho Legislators Aim to Protect State Funds with Gold and Silver

(Jp Cortez, Sound Money Defense League) The recent explosion of money printing and debt-funded spending by the U.S. in response to the Covid-19 pandemic has sparked a renewed interest in the key role gold and silver play in hedging against systemic risks. That’s why a group of Idaho legislators are working...

China’s ‘Easy Access’ to Calif. Gov’t Helps Firm Score $1B Mask Contract

California Gov. Gavin Newsom paid a Chinese company nearly $1 billion to produce 300 million face masks for the state, according to public documents obtained by Judicial Watch. “The documents show how a well-connected and controversial Chinese firm was able to get a leg up on a billion-dollar mask contract...

Costco CEO Cannot Disprove Reports of Chinese Slave Labor in Supply Chain

At a shareholder meeting on Thursday, Costco CEO Craig Jelinek could not provide "tangible evidence" that the "company's products are all free of slave labor." Free Enterprise Project Associate Davis Soderberg attended the meeting and sent a direct question to Jelinek, the National Center for Public Policy Research reported in...
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