Sunday, April 20, 2025

FINANCE

Another Debt Ceiling Hike Won’t Fix What’s Broken

(Clint Siegner, Money Metals News Service) Washington DC politicians are busy cobbling together yet another bi-partisan bill to raise the federal borrowing limit. Congress imposed the debt ceiling on itself in 1917. Democrats and Republicans have worked together to circumvent it ever since. Borrowing and spending more money is one area where politicians...

WTF Happened in 1971? Economic Indicators Worsen Since End of Gold Standard

(Jon Miltimore, Foundation for Economic Education) In mid August, Twitter Founder and CEO Jack Dorsey tweeted a strange hashtag: #WTFHappenedin1971. #wtfhappenedin1971 — jack⚡️ (@jack) August 15, 2021 A few weeks later, Edward Snowden, the CIA subcontractor turned whistleblower who revealed the NSA’s unlawful mass surveillance program, shared a similar post. "Why Aren't Millennials Buying...

Biden Could Owe More Than $500K in Back Taxes

President Joe Biden could owe more than $500,000 in back taxes, according to a new report published by the nonpartisan Congressional Research Service. In 2019, it was discovered that Biden exploited a tax loophole that allowed him to avoid paying Medicare taxes for years before he took office. Government documents from...

Banks Band Together to Oppose Biden’s IRS Plan to Snoop on Private Accounts

President Joe Biden and his administration face heavy criticism as they push a plan to give the Internal Revenue Service permission to delve into private bank accounts, Fox News reported. The plan requires banks and other financial institutions to report all inflows and outflows of over $600 to the IRS. The...

Biden Admin Disobeys Judge’s Order; Drags Feet on Oil, Gas Leases

(Bob Pepalis, The Center Square) The Biden administration is delaying lease sales of federal lands for oil and gas exploration even after a court order, the head of the Western Energy Alliance said. President Joe Biden banned oil and gas lease sales by directing the U.S. Department of the Interior to...

U.S. Government Plans to Default on Debt the Dishonest Way

(Mike Gleason, Money Metals News Service) Debt troubles in China and Washington, D.C. helped boost safe-haven demand for precious metals early this week. By Thursday, however, investors piled back into stocks and sold safe-havens again. As of this Friday recording, the gold price is essentially unchanged on the week to trade at...

Rubio Legislation Would Let Shareholders Sue Woke Corporations

Sen. Marco Rubio, R-Fla., on Thursday introduced legislation that would force corporate boards and managers to prove that their far-left social ideologies benefit shareholders, or else accept personal responsibility for harming their companies. The Mind Your Own Business Act would empower shareholders to sue corporate leaders for enacting social policies that...

$1 Trillion Coins Instead of More Federal Debt?!

Credit risk out of China and debt ceiling drama in Washington are driving precious metals markets this week. Gold and silver attracted some significant safe-haven buying as equity markets succumbed to selling. The storyline being trumpeted in the financial media is that a government shutdown and possible debt default loom in...

Jobless Claims Rise 351,000 in Surprise Jump

(Headline USA) The number of Americans applying for unemployment aid rose last week for a second straight week to 351,000, a sign that the Biden administration's and Congressional Democrats' policy prescriptions for stimulating the economy may be disrupting the job market's recovery. Thursday's report from the Labor Department showed that jobless claims...

Corruption at the Fed: Are America’s Money Masters Engaged in Self-Dealing?

(Jp Cortez, Sound Money Defense League) America’s central bankers are tasked with impartial oversight over aspects of the American economy. But could these individuals be making decisions on interest rates and bailout operations based on what is best for their own personal investment portfolios? After some embarrassing revelations regarding the trading activities...

Biden’s Economy is Worse than Global Economic Experts Expected

(Casey Harper, The Center Square) – A major international economic forecasting group has now lowered its optimism about a U.S. rebound from the COVID-19 pandemic. The Organisation for Economic Cooperation and Development (OECD) Tuesday released its Economic Outlook, a “twice-yearly analysis of the major global economic trends and prospects for...

John Kerry’s Wife Has Millions of Dollars Invested in China

Climate change envoy John Kerry’s wife has millions of dollars in Chinese investments through her family’s trust, according to government documents. Kerry disclosed the investments in his latest filing with the Office of Government Ethics. The report shows his wife, Teresa Heinz, heiress of Heinz Ketchup, has holdings worth “at least...
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