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Sunday, November 24, 2024

FINANCE

Powell Delivers at Jackson Hole. Here’s What Comes Next…

(Peter Krauth, Money Metals News Service) The Jackson Hole Wyoming pow-wow for central bankers is behind us, and Powell didn’t disappoint markets. He said the time has come to start lowering rates, citing a softening labor market and inflation. He thinks they can pull off a soft landing. That would...

Consumer Debt Surges Again as Broke Americans Try to Make Ends Meet

(Mike Maharrey, Money Metals News Service) Despite ridiculously high interest rates, Americans can’t seem to put their credit cards away. That’s probably because their savings are gone. They have to make ends meet somehow. After slowing for two straight months, consumer debt surged again in July, driven by an uptick in...

ING Bank: This Gold Rally Is Just Getting Started

(Mike Maharrey, Money Metals News Service) ING Bank has revised its short and midterm gold price forecast higher, saying the gold rally is “just getting started.” The Dutch financial group cites the prospect of a Federal Reserve rate-cutting cycle, geopolitical risks, and uncertainty going into the presidential election as potential...

Biden Handed Taliban $7B in Weapons, $57M in Cash During Withdrawal

(Luis Cornelio, Headline USA) The U.S. withdrawal from Afghanistan in 2021 proved profitable for the Taliban, according to a report by the House Foreign Affairs Committee. The Biden-Harris administration’s withdrawal left behind $7 billion in U.S. weapons and $57 million in currency, likely benefitting the Taliban's dealings with other terrorist regimes, according...

New Scandal: Watch for These Dealer and Depository Red Flags

(Clint Siegner, Money Metals News Service) One of the best tips anyone can offer when it comes to investing in physical bullion is to choose your dealer well. The wrong choice can mean a total loss for clients who are caught as an unreputable dealer took their money and disappeared...

Shell Game: How America’s Money Devolved from Gold to Fiat

(Joshua D Glawson, Money Metals News Service) Imagine a street performer standing behind a small table, moving three shells around at lightning speed, concealing a pea beneath one of them. As the audience watches closely, they try to follow the pea’s location, only to realize that no matter how...

Apple’s Upcoming iPhone Will Catapult Tech Trendsetter into the Age of AI

(Headline USA) Apple's ubiquitous iPhone is about to break new ground with a shift into artificial intelligence that will do everything from smartening up its frequently dim-witted assistant Siri to creating customized emojis on the fly. The new era will dawn Monday with the unveiling of the hotly anticipated iPhone...

DirecTV Files FCC Complaint against Disney as Carrier Impasse Ruins Big Sports Weekend

(Headline USA) The impasse between DirecTV and Disney over a new carriage agreement has become more heated as it entered its second week. DirecTV filed a complaint with the Federal Communications Commission on Saturday night accusing Disney of negotiating in bad faith. Disney channels, including ESPN and ABC-owned stations in nine...

The Dangers of Money Printing: Thomas Jefferson and the Financial Panic of 1819

(Mike Maharrey, Money Metals News Service) To steal a phrase from Thomas Jefferson, the Federal Reserve and the U.S. government have buried us under a "deluge of paper money."  We deal with the consequences of this monetary malfeasance every time we go to the grocery store or the gas station....

Plugging Bad Data into a Bad Model: Why Should We Have Confidence in the Federal Reserve?

(Mike Maharrey, Money Metals News Service) The Federal Reserve boasts of its data dependence. But what if it’s relying on bad data? Even worse, what if it’s plugging that bad data into a faulty model? In July, the Bureau of Labor Statistics (BLS) made massive downward revisions to the job numbers....

Budget Bill Forces Dems to Choose Between Election-Meddling, Globalist Warmongering

(Headline USA) Senate Democrats led by majority leader Chuck Schumer, D-N.Y., face a difficult dilemma as the current stopgap resolution expires and the deadline once again approaches for a new bill to fund the government. On one hand they could allow commonsense election integrity measures of the SAVE Act---which many...

To Match Biden’s 532 Days Off, Many in U.S. Would Have to Work 48 Yrs

(Luis Cornelio, Headline USA) Being the most powerful individual in the world isn't as exhausting as it seems—just ask President Joe Biden. Since taking office on Jan. 20, 2021, Biden has spent approximately 532 days on vacation---that is 40% of his time as president away from Washington.  The average American would need...
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