FINANCE
Will AI Cause Massive Deflation?
(Peter St. Onge, Money Metals News Service) Will we ever get durable deflation again? Or will grandma keep getting sucker punched at the check-out lane? Forever.
Last week, I joined Kevin Paffrath – MeetKevin on YouTube – for a wide-ranging interview about the economy and freedom.
During our chat, he asked...
MAHARREY: In U.S. Banking System, Where There’s Fire There’s Smoke
(Mike Maharrey, Money Metals News Service) Where there’s fire, there’s smoke. And there is definitely smoke in the U.S. banking system.
The mainstream consensus is that the Federal Reserve successfully raised interest rates, slayed the inflation monster, and did it without breaking anything in the economy. Most people seem convinced...
EBay to Pay $59M Settlement for Online Sales of Drug-Making Equipment
(Brett Rowland, The Center Square) EBay Inc. agreed Wednesday to pay $59 million and make changes to its compliance program as part of a settlement with the U.S. Department of Justice that it violated the federal law by selling thousands of pill presses and encapsulating machines through its website.
The...
Fed Runs Open Mouth Operations: Rate Cuts Coming! But Not Yet
(Mike Maharrey, Money Metals News Service) The Federal Reserve didn’t do anything at all at the January Federal Open Market Committee (FOMC) meeting. But Jerome Powell aggressively ran “open-mouth operations” trying to dampen market expectations for a rate cut at the March meeting.
Nevertheless, one thing is clear: interest rate...
Wray: China Implanting Hacker Malware on 100s of Private Routers
(Headline USA) U.S. officials said Wednesday they disrupted a state-backed Chinese effort to plant malware that could be used to damage civilian infrastructure, as the head of the FBI warned that Beijing was positioning itself to disrupt the daily lives of Americans if the United States and China ever...
Zuckerberg Grilled over Child Abuse in Rare Bipartisan Senate Hearing
(Headline USA) Sexual predators. Addictive features. Suicide and eating disorders. Unrealistic beauty standards. Bullying. These are just some of the issues young people are dealing with on social media—and children's advocates and lawmakers say companies are not doing enough to protect them.
On Wednesday, the CEOs of Meta, TikTok, Twitter...
MAHARREY: They Break It! We Buy It! Fed’s Financial Mess Is Ours Too
(Mike Maharrey, Money Metals News Service) The government and the Federal Reserve broke the economy and we have to buy it! Things may seem OK on the surface, but the economy is sliding toward a crisis. It's just a matter of time.
In this episode of the Money Metals' Midweek...
Microsoft Skirting U.S. Sanctions to Do Business w/ CCP Firms
(Ken Silva, Headline USA) The American Conservative revealed Monday that Microsoft owns 22% of a Chinese firm doing business with companies sanctioned by the U.S. government.
According to TAC, As of late 2023 Microsoft owned 22 percent of Shanghai Wicresoft Co. Ltd., which began in 2022 as a joint venture between the...
Treasury Sec. Yellen Betrays Biden, Debunks Bogus Inflation Claims
(Jacob Bruns, Headline USA) Treasury Secretary Janet Yellen acknowledged in an ABC News interview on Sunday that there was no reversing the damage that has been done by Democrats' inflationary economic policies, Red State reported.
Throughout his term, President Joe Biden has made outlandish claims about inflation, calling it "transitory"...
Report: DOJ Opened Criminal Probe into ‘Squad’ Rep.
(Ken Silva, Headline USA) Reporter Jake Sherman, the founder of Punch Bowl News, reported Tuesday that the Justice Department is conducting a criminal investigation into Rep. Cori Bush, D-NY.
“THE JUSTICE DEPARTMENT is conducting a criminal probe into @CoriBush, according to six sources familiar with the investigation,” Sherman tweeted, promising...
Could Commercial Real-Estate Sector Trigger the Next Financial Crisis?
(Mike Maharrey, Money Metals News Service) Could the commercial real estate market be the next thing to pop in this bubble economy? According to a recent working paper published by the National Bureau of Economic Research, the answer is yes.
And that could kick off the next major financial crisis.
Based...
How Much Does a Pound of Gold Cost?
(Mike Maharrey, Money Metals News Service) How much would it cost to buy a pound of gold? It actually depends on what you mean by "pound." Yes. There is more than one kind of pound.
We typically talk about the price of gold in terms of ounces. As I write...
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