FINANCE
WATCH: Hunt Bros. Floor Trader Discusses Epic 1980 Silver Squeeze
(Money Metals News Service) The story of the Hunt brothers and their attempt to "corner the silver market" in 1979 and 1980 is a classic example of speculative investment, market manipulation, and government intervention on a grand scale.
Peter Thomas was present on the trading floor during this period and...
The Fed Is Between a Rock and a Hard Place
(Mike Maharrey, Money Metals News Service) The Federal Reserve is between a rock and a hard place. It needs to cut interest rates because this debt-riddled economy simply can’t function in a high-rate environment. But the Fed can’t plausibly cut rates with price inflation still far above its target.
As...
MAHARREY: Federal Gov’t Runs Another Deficit, Despite Record Revenue
(Mike Maharrey, Money Metals News Service) The federal government's budget deficit was “only” $21.93 billion in January. That was a significant improvement over the $129 billion shortfall recorded in December.
But don’t throw the confetti.
The smaller deficit was primarily due to increased government receipts thanks to a big drop in...
Zimbabwe Floats the Idea of Putting Its Currency on a Gold Standard
(Mike Maharrey, Money Metals News Service) Could arguably the world’s worst currency become its best? If Zimbabwe follows through and embraces a plan to back the Zimbabwe dollar with gold, it just might.
Last week, Zimbabwe President Emmerson Mnangagwa said officials were exploring ways to introduce a "structured currency,” but he...
Utah Legislature Passes Bill to Create Roadblocks for ‘Digital Currency’
(Mike Maharrey, Money Metals News Service) The Utah legislature overwhelmingly approved a bill that would expressly exclude a central bank digital currency (CBDC) from the state’s definition of money, creating potentially significant roadblocks to its use as such in the state.
Rep. Tyler Clancy was the primary sponsor of HB164. Sen....
Russia Turns to Gold to Raise Cash and Skirt Economic Sanctions
(Mike Maharrey, Money Metals News Service) Russia has reportedly used gold to evade currency restrictions put in place as part of economic sanctions levied in the wake of the invasion of Ukraine.
Under the sanction regime, Russian banks are prohibited from importing dollars or euros into the country. The ban...
Google Rebrands Its AI as Gemini, Launches New App and Subscriptions
(Headline USA) Google on Thursday introduced a free artificial intelligence app that will enable people to rely on technology instead of their own brains to write, interpret what they're reading and deal with a variety of other task in their lives.
With the advent of the Gemini app---named after an...
Fed Fears Bank Runs Triggered by Social Media
(Mike Gleason, Money Metals News Service) As Federal Reserve chairman Jay Powell expresses indecision over interest rates, metals markets are also exhibiting uncertainty.
Gold continues to hold up relatively well, but none of the precious metals are showing signs that they are quite ready yet to launch higher.
Mainstream investor sentiment...
Egyptians Turning to Silver to Hedge Against Inflation
(Mike Maharrey, Money Metals News Service) With gold prices skyrocketing in their local currency, Egyptians are turning to silver to protect their savings and wealth from skyrocketing price inflation.
According to a Reuters report, surging prices and a weakening currency have driven the price of gold in Egyptian pounds to...
Chiefs and 49ers Play Super Bowl Game for…. SILVER!
(Mike Maharrey, Money Metals News Service) On Sunday, the San Francisco 49ers will take on the Kansas City Chiefs. The winner will take home the silver!
No... I’m not inferring that the winner will get a second-place prize. I’m referring to the Lombardi Trophy. It's made of silver.
So, what is...
Biden DOJ Bullies Banks into Contributing to $122M ‘Redlining’ Fund
(Headline USA) The same sub-prime lending practices that resulted in the 2008 "great recession" are making a comeback courtesy of the woke Justice Department.
With the inflationary Biden economy, Federal Reserve rate hikes and market shortages related to factors including the pandemic and illegal immigration, home-ownership has become increasingly prohibitive...
Video Exposes FAA’s Plan to Prioritize Airline Diversity over Competence
(Molly Bruns, Headline USA) Daily Wire podcast host Matt Walsh released footage Wednesday of a meeting in which Federal Aviation Administration officials discussed plans to "reduce the number of white males in aviation," in a thread on Twitter.
https://twitter.com/MattWalshBlog/status/1755319178897092689
The bombshell follows recent criticism that the airline industry's efforts to push...
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