FINANCE
Bitcoin’s Next ‘Halving’ Is Right Around the Corner
(Headline USA) Sometime in the next few days or even hours, the “miners” who chisel bitcoins out of complex mathematics are going to take a 50% pay cut—effectively slicing new production of the world’s largest cryptocurrency in half.
That could have a lot of implications, from the price of the...
For 3rd Year Running, N.Y. Received More Federal Funds than It Sent
(Christian Wade, The Center Square) For the third year in a row, New York State received more funding from Washington, D.C. than it paid in federal taxes, according to a new fiscal watchdog report.
The report by state Comptroller Tom DiNapoli found that New York generated $361.8 billion in federal taxes in...
Hamilton vs. Jefferson: Is the Federal Reserve Constitutional?
(Mike Maharrey, Money Metals News Service) Is the Federal Reserve constitutional?
The Fed was conceived during a secret meeting of bankers and politicians at a private club on Jekyll Island, Georgia. Using a blueprint drawn up during this clandestine meetup, Congress created the Federal Reserve in 1913 via the Federal...
Is the Biden Administration Trying To Destroy the Dollar?
(Peter St. Onge, Money Metals News Service) Confidence in Western financial markets has already been shaken enough by the 20% devaluation of the dollar over the last few years. But now the European Commission wants to hand Ukraine $300 billion seized from Russia. Doing so likely would sound the...
Americans Throw Away Millions of Coins Because U.S. Money Is Junk!
(Mike Maharrey, Money Metals News Service) Americans throw away millions of dollars in coins every year. That's because American money is junk.
But that wasn’t always the case.
In an article published by the Wall Street Journal, Reworld, a Pennsylvania waste management facility, claimed that Americans toss about $68 million worth...
SCOTUS Lowers Bar for Discrimination Based on Forced Job Transfers
(Headline USA) The Supreme Court on Wednesday made it easier for workers who are transferred from one job to another against their will to pursue job discrimination claims under federal civil rights law, even when they are not demoted or docked pay.
Workers only have to show that the transfer...
Tesla Seeks to Restore Musk’s Pay Package that Was Voided by Judge
(Headline USA) Tesla is asking shareholders to restore a pay package---initually valued at $56 billion--- for CEO Elon Musk after it was rejected by a Delaware judge this year.
The changes, to be voted on by stockholders at a June 13 annual meeting, also include a proposal to shift the...
Boeing Faces Senate Scrutiny in Back-to-Back Hearings on Safety Culture
(Headline USA) An engineer at Boeing said Wednesday that the aircraft company, in rushing to produce as many planes as possible, was taking manufacturing shortcuts that could lead to jetliners breaking apart.
“They are putting out defective airplanes,” the engineer, Sam Salehpour, told members of a Senate subcommittee.
Salehpour was testifying...
L.A. Mayor Karen Bass Begs Wealthy Elites to Buy Homes for Homeless
(Headline USA) During her State of the City address on Monday. Los Angeles Mayor Karen Bass begged wealthy residents to buy homes for the homeless.
There are more than 40,000 homeless people in Los Angeles, according to the city. But instead of “hiding” them, “what we will do is house...
Solving the Complexities of Taxes, Precious Metals in Today’s Economy
(Money Metals News Service) In a recent episode of the "Money Medals Midweek Memo," host Mike Maharrey offered an in-depth look at tax day experiences, precious metals markets, and broader economic issues.
Mike began by sharing a personal anecdote about the burden of writing a significant check to the IRS...
If Fraud Were an Agency, It Would be Federal Government’s Sixth Largest
(Brett Rowland, The Center Square) U.S. taxpayers lose up to $521 billion a year to fraud across the federal government, according to a first-of-its-kind estimate.
The U.S. Government Accountability Office estimated annual fraud costs taxpayers between $233 billion and $521 billion annually, according to a new report published Tuesday.
The fraud estimate's...
When Will Gold & Silver Miners Start Believing in Their Product?
(Stefan Gleason, Money Metals News Service) Miners spend billions of dollars every year pulling precious metals out of the ground. They toil mightily for years on end to produce these stores of value – but then they turn right around and sell all their gold and silver immediately in...
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