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Friday, January 10, 2025

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G7 Approves ‘Global Minimum’ Tax to Quell Competition, Benefit Big Tech (and China)

During Friday's G7 meeting at the posh Carbis Bay Hotel in Cornwall, UK, world leaders agreed---in principle---to enact global minimum corporate taxes of 15% for member countries. The globalist gimmick would cut down on tax competition between the developed nations, allowing big-spending liberals to maximize their public intake without suffering...

Outrage Follows IRS Leak of Private Citizens’ Tax Returns to Far-Left Media Site

As President Joe Biden plans to hire 87,000 new tax collectors at the Internal Revenue Service, years of confidential tax filings from thousands of the nation's wealthiest individuals leaked from the agency, liberal news site ProPublica reported. The scope of the unlawfully revealed tax filings indicates that a government employee, most...

Congressman Presses Treasury Sec. Yellen for Disclosure of US Gold Activities

(Money Metals News Service) As foreign governments reportedly accumulate gold and de-dollarize their sovereign wealth funds, a Republican congressman is asking tough questions of the U.S. Treasury about its secretive gold activities. Representative Alex Mooney (R-WV) – sponsor of the Gold Reserve Transparency Act of 2021 (H.R. 3526) to require the...

Are You Positioned for the Coming Flight to Quality?

The S&P 500 moved to within a smidgen of a new record high earlier this week. Based on this benchmark stock market index’s recent performance, all seems well and good for risk assets. Underneath the surface, however, warning signs are flashing for investors in financial markets. Over the past several weeks,...

Resetting the Federal Debt

(Keith Weiner, Money Metals News Service) According to the US Treasury, the federal government owes $28.2 trillion. It crossed the “28” threshold on the last day of March. The debt was just under $25 trillion at the end of April a year ago. There’s no question it’s growing at a...

Fed Pressed for Action as Inflation Rises to 13-Year High

Inflation continued to rise sharply in May across many key components, with the Consumer Price Index increasing 0.6% in May according to the Bureau of Labor Statistics report released today. BREAKING! US Headline #Inflation rose to 5.0% in May, beating expectations. Core #CPI up to a whopping 3.8%, highest since...

Keystone XL Pipeline Permanently Nixed After Biden Permit Cancellation

(Headline USA) The sponsor of the Keystone XL crude oil pipeline pulled the plug on the project Wednesday after Canadian officials failed to persuade President Joe Biden to reverse his cancellation of its permit on the day he took office. Calgary-based TC Energy said it would work with government agencies “to...

Baltimore Biz Leaders Threaten to Hold Tax Payments Until City Deals w/ Crime & Trash

A group of Baltimore business owners is threatening to withhold taxes from the city government if it doesn’t do more to improve basic services --- including crime prevention, trash collection and stopping illegal drug and alcohol sales --- according to WBAL. The letter comes as the city and state refuse to prosecute...

STATE OF OHIO: Google is a Public Utility and Must Be Regulated Like One

(J.D. Davidson, The Center Square) Ohio Attorney General Dave Yost wants internet search engine Google designated as a public utility, rather than a public company, to rein in how it provides search results to Ohioans, according to a lawsuit filed Tuesday. Yost called the lawsuit landmark, saying Google is discriminatory and...

STUDY: Michigan is 51st Nationwide for COVID-19 Recovery

(Scott McClallen, The Center Square) Michigan’s COVID-19 recovery is the slowest in the nation, according to a WalletHub study released Tuesday. Here are Michigan’s metrics using data current as of June 7. Recovery from COVID-19 in Michigan (1=Quickest, 25=Avg.): 25th – Share of Population Fully Vaccinated 35th – Share of Vaccine Supply...

Pipeline CEO: Ransom Payment Among My ‘Toughest Decisions’

(Associated Press) The chief executive of the massive fuel pipeline hit by ransomware last month told senators on Tuesday that authorizing a multi-million-dollar payment to hackers was the right thing to do to bring an end to fuel shortages affecting much of the eastern United States, even as authorities have...

Why You Need to Buy and Hold Gold Now

In the current environment of rising inflation and easy monetary policies, the value of gold could potentially go sharply higher from recent levels. Unlike many traders out there, the successful gold investor has learned to “see the forest through the trees.” Put simply, gold investors understand that the shiny yellow metal...
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