FINANCE
Auto-Dealers Urge Biden to Halt EPA’s Draconian Emissions Standards
(Headline USA) More than 4,700 automobile dealerships across the United States urged President Joe Biden in a letter Thursday to halt the Environmental Protection Agency's efforts to enforce stricter vehicle-pollution standards.
The missive comes just weeks before the agency’s expected ruling on its tailpipe-emissions proposal, which addresses both climate change...
China Now the Biggest Retail Buyer of Gold
(Mike Gleason, Money Metals News Service) As superficially upbeat economic data propels the stock market to new highs, precious metals investors are questioning the story being told by Wall Street cheerleaders and government bureaucrats.
On Thursday, the Bureau of Economic Analysis announced its Gross Domestic Product estimate for the fourth...
Silver Use in India Solar Projects Is Skyrocketing
(Jon Forrest Little, Money Metals News Service) The rapidly growing middle class in India has led to massive new energy demand, and the populous nation is increasingly turning to solar.
A boom in solar projects worldwide is gobbling up substantially more silver ounces every year, adding to the annual silver...
Gold:Silver Ratio Signals Silver on Sale
(Mike Maharrey, Money Metals News Service) Silver is underpriced. In other words, silver is on sale. The current gold-to-silver ratio reveals this. This ratio tells you how many ounces of silver it takes to buy one ounce of gold. Or to put it another way, the gold:silver ratio tells...
The Fed Lost Billions, and You’re Going to Pay for It!
(Mike Maharrey, Money Metals News Service) The Federal Reserve recorded a record loss of $114.3 billion in 2023, and you (the American taxpayer) are on the hook.
The last time the Fed ran a net operating loss was 1915.
The loss was a direct result of the Fed’s interest rate hikes...
Canadian Court: Trudeau’s Attacks on Freedom Convoy Were Illegal
(Jacob Bruns, Headline USA) A Canadian Court has ruled that the country's prime minister, Justin Trudeau, took unjustified actions against Canadian truckers who protested the liberal nation's stringent lockdowns in February of 2022, the Guardian reported Tuesday.
Justice Richard Mosley called Trudeau's actions as Prime Minister "unreasonable and illegal" in...
9th Circuit: FBI Illegally Raided Hundreds of Safe-Deposit Boxes
(Ken Silva, Headline USA) The 9th Circuit Court of Appeals ruled Tuesday that the FBI acted unlawfully in March 2021, when it raided hundreds of renters’ safe-deposit boxes in Beverly Hills, conducted criminal searches of them all, and attempted to permanently keep everything in the boxes worth more than...
MAHARREY: Understanding the Hidden Impact of Taxes and Inflation
(Mike Maharrey, Money Metals News Service) In our complex financial landscape, few things are as pervasive and recurrent as taxes. From the obvious ones like income, sales, and property taxes to the less apparent ones embedded in our daily bills, the spectrum of taxation is wide and deep. However,...
The Rise and Fall of N.C.’s Leadership in Gold and Sound Money
(Joshua D Glawson, Money Metals News Service) The first gold rush in North America began in North Carolina in 1799 after a 12-year-old boy named Conrad Reed found a 17-pound gold nugget. The news spread, drawing the attention of tens of thousands of prospectors to begin mining operations throughout...
TurboTax Maker Barred from Advertising ‘Free’ Tax Services w/o Disclosing Eligibility
(Headline USA) U.S. regulators have barred TurboTax maker Intuit Inc. from advertising its services as “free” unless they are free for all customers, or if eligibility is clearly disclosed.
In an opinion and final order issued Monday, the Federal Trade Commission ruled that Intuit engaged in deceptive practices by running...
Earn More, Get Less: Price Inflation Has Gobbled Up Your Paycheck
(Mike Maharrey, Money Metals News Service) So, boss, about that pay raise... Do you feel like you’re taking two steps forward and three steps back?
Well, no matter what Paul Krugman or Joe Biden tries to tell you, it’s not your imagination.
Sure, you’re probably making more money than you were...
Nebraska Sen. Introduces Measure to Eliminate Income Taxes on Gold, Silver
(Money Metals News Service) The Nebraska State Senate will consider a measure that explicitly states that Central Bank Digital Currencies are not money in the state of Nebraska, as well as eliminating capital gains taxes from gold and silver.
Senator Ben Hansen (R-16) has introduced LB 1305 in the 2024 legislative season....
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