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Saturday, January 4, 2025

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Wall St. CEOs Warn NY Tax Increase Could Prevent Workers’ Return to NYC

A group of high-powered New York investment and business leaders are raising the alarm about a tax hike that they say could jeopardize New York City’s economy. In a letter to embattled New York Governor Andrew Cuomo and Democrats in the state legislative bodies, 250 CEOs and business leaders warn that...

Fed Chairman Likens Emergency COVID Efforts to Heroism at Dunkirk

(Associated Press) Federal Reserve Chairman Jerome Powell compared the actions taken by the central bank early in the pandemic as the economy barreled toward a recession to British efforts in World War II to evacuate troops at Dunkirk. Asked Thursday in an NPR interview whether would have anything different back in...

Fed’s Crypto Plans May Turn Bitcoin Bulls into Gold Bugs

The globalist push for central bank digital currency is ramping up. On Monday, Federal Reserve Chairman Jerome Powell spoke at a virtual "Innovation Summit" hosted by the Bank for International Settlements, the central bank for central banks around the world. Powell aimed his remarks specifically at digital currencies. And he made...

2.1M Illegals, Plus Their 1.1M Kids, Will Receive $4.38B in ‘COVID Relief’ Money

The Center for Immigration Studies estimates that illegal aliens will receive $4.38 billion in stimulus benefits, despite repeated promises that only citizens would receive the direct payments. The 2021 American Rescue Plan Act, falsely billed as a "COVID relief" package, spent $1.9 trillion on blue-state bailouts, payouts to green corporate...

Prices Are Set to Soar

(Larry Reed, El American) "Government,” observed the great Austrian economist Ludwig von Mises, “is the only institution that can take a valuable commodity like paper and make it worthless by applying ink.” Mises was describing the curse of inflation, the process whereby government expands a nation’s money supply and thereby erodes the...

Understanding the Signs of the Looming Currency Crisis

(David Morgan, Money Metals News Service) The currency crisis is now coming to fruition. The currency du jour, the U.S. dollar, which has held on to its title as the reserve currency of the world for decades, is losing its throne. Loss of trust and confidence is a psychological event, not a...

Nervous Fed to Give Precious Metals Markets a Boost

(Clint Siegner, Money Metals News Service) The Fed’s Open Markets Committee met last week and left policy unchanged – at least for the moment. No one expected central banking officials to make rate adjustments last week with equity prices rubbing up against all-time highs and the economic recovery narrative still dominant. Central...

Obama-Era Officials Return to Biden’s White House With Multiplied Wealth

President Joe Biden has stocked his administration with alumni from former President Barack Obama's administration, and they have returned laden with cash and beholden to corporate interests. New financial closures show that Biden's top officials, including Domestic Policy Council Director Susan Rice, have closer connections to corporations like Apple and...

UN Org.: Green Energy Spending Must Hit $131 Trillion to Avoid Climate Catastrophe

The International Renewable Energy Agency, a United Nations non-voting member, said in a study that world governments must spend $131 trillion by 2050 to keep the rise in global temperature below 1.5 degrees Celsius, Reuters reported. Based on the average US temperature of 11.5 degrees Celsius, that translates in American...

BLM-Backing Starbucks Won’t Say How Much Riots Have Cost Company

Starbucks CEO Kevin Johnson refused to reveal during the company's annual shareholder meeting how much money it had lost due to ongoing riots led by Antifa and Black Lives Matter in cities such as Portland and Seattle. Davis Soderberg, an associate with the National Center for Public Policy Research's Free...

Is Inflation or Deflation Coming?

(Keith Weiner, Money Metals News Service) By the M0 measure of the money supply, there was a 52% increase between February 2020 and January of this year. This is a graph of M0 going back to 2000. There. Proof of the coming hyperinflation. It took centuries to get to $3.4 trillion...

Silver Setting Up for a BIG Move Following Fed

Precious metals markets traded into an important technical juncture ahead of Wednesday’s Federal Reserve policy announcement. Bank of America analysts stated that this week’s meeting is “one of the most critical events for the Fed in some time.” The Fed faces mounting pressure to intervene in the bond market as yields...
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