Sunday, April 20, 2025

FINANCE

Biden Orders USDA to Permanently Boost Food Stamp Benefits by 25%

(Headline USA) The Biden administration has approved a significant and permanent increase in the levels of food stamp assistance available to one-in-eight Americans—the largest single increase in the program's history. Starting in October, average benefits for food stamps (officially known as the SNAP program) will rise more than 25 percent...

Inflation Forces Wholesale Prices to Biggest Hike Ever in July

The Producer Price Index (PPI) shot up 1% in July, bringing the 12-month PPI average to the highest annual jump on record at 7.8%, according to data released by the Labor Department on Thursday. The news follows up on data released earlier in the week that showed consumer inflation at...

‘Pathetic’ Biden Begs OPEC to Produce More Oil as Gas Prices Skyrocket

As America's gas prices skyrocket, President Joe Biden on Wednesday issued a "pathetic and embarassing" plea to the Organization of the Oil Exporting Countries to produce more oil, the Washington Times reported. "It’s pretty simple: if the President is suddenly worried about rising gas prices, he needs to stop killing...

Debt Ceiling and Budget Battles to Underpin Gold Prices

The gold market has no shortage of issues following Sunday evening’s “flash crash” that saw prices drop sharply at the open. A mysterious $4 billion sell order – suspiciously placed during the most illiquid time of the day – caused a waterfall $100 decline in gold prices while silver dropped...

Inflation Inflicts Greater Pain on US Consumers in July Report

Consumer prices continued their steady rise upward in July, with inflation running at 5.4% annually, well above the Federal Reserve target of 3%, according to data released by the Labor Department. The index for all items less food and energy, called the core index, increased 0.3 percent in July on...

St. Louis Taxi Company Bans Masked, Vaccinated Customers

A taxi company in St. Louis, Missouri announced it will not serve customers who have been vaccinated against the coronavirus or insist on wearing masks inside the cars.  "We don't allow any type of masks in our vehicles," Charlie Bullington, the owner of Yo Transportation, told KMOV. "The second one...

Bullion Investors Hang Tight!

(Clint Siegner, Money Metals News Service) The precious metals futures markets launched shortly after Richard Nixon closed the gold window and removed the last vestige of gold backing from the Federal Reserve Note. Officials introduced paper gold and silver contracts specifically to increase price volatility and discourage physical ownership of...

Automaking Subsidy-Whores Vacuum Up Biden’s Green New Deal $$ to Push EVs

By signing an executive order on Thursday, President Joe Biden tightened America's fuel-efficiency standards and committed America to giving billions in green-energy subsidies to the nation's electric vehicle manufacturers. The Wall Street Journal Editorial Board said Biden unified "Big Business" and "Big Government to grab subsidies and raise consumer prices." "Auto...

Biden’s Infrastructure Bill Part of Green New Deal, Jacks Up Debt

(Mike Gleason, from the Money Metals News Service podcast) As the U.S. Senate moves closer to passing a trillion-dollar spending bill that includes some infrastructure priorities, critics are warning that the public is being taken for a ride. President Joe Biden and his allies in Congress have actually claimed that the...

Ben & Jerry’s Anti-Israel Chairwoman May Be Self-Dealing to Her Nonprofit

In its anti-Israel advocacy, the charitable foundation associated with Ben & Jerry's may have committed criminal self-dealing by awarding $170,500 to a trustee's think tank, the Washington Free Beacon reported. Ben & Jerry's corporate board Chairwoman Anuradha Mittal, an Hamas and Hezbollah sympathizer, resides at the scandal's center. In addition to her...

Apple to Scan ALL US iPhones for Images of Child Sexual Abuse

(Associated Press) Apple unveiled plans to scan U.S. iPhones for images of child sexual abuse, drawing applause from child protection groups but raising concern among some security researchers that the system could be misused, including by governments looking to surveil their citizens. The tool designed to detected known images of child...

Thousands of Wealthy Elites Renouncing US Citizenship to Avoid Biden Taxes, Lockdowns

President Joe Biden's plan to soak the rich in order to fund trillions in new welfare entitlements will not be brought fully before Congress until later this month, when Democrats hope to slip a massive "human infrastructure" scheme through the Senate using budget reconciliation. But the rich themselves have wasted...
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