Saturday, July 12, 2025

FINANCE

Cryptocurrency Crash Benefits Gold

This week has been truly brutal for the entire cryptocurrency sector, with the prices of major currencies like Bitcoin and Ethereum crashing at least 30%. The overall sector has shed trillions of dollars in value. The recent carnage for holders of digital currencies could be due to a variety of factors...

Colonial Pipeline Confirms It Paid $4.4M to Hackers

(Associated Press) The operator of the nation’s largest fuel pipeline confirmed it paid $4.4 million to a gang of hackers who broke into its computer systems. Colonial Pipeline said Wednesday that after it learned of the May 7 ransomware attack, the company took its pipeline system offline and needed to do...

Sound Money Project Gains Industry Recognition, Secures Wins

(Sound Money Defense League) The critical efforts of the Sound Money Defense League to protect and defend the interests of precious metals owners -- and the public at large -- continues to gain recognition as the organization racks up new policy victories once again in 2021. Principally backed by Money Metals Exchange, the Sound...

COST OF LIVING: How Much is Your Dollar Worth in California? 84 Cents…

(The Center Square) The dollar’s purchasing power in California is 84 cents based on the regional cost of items such as housing, groceries and services in 2019, according to a new analysis from the website 24/7 Wall St. California is tied with New York and New Jersey for the worst value in...

Biden to Permanently Send Checks to 88% of American Families with Kids

President Joe Biden will dish out cash to 39 million American families with children on a permanent basis in a program that will contribute to inflation's rise, Daily Caller News Foundation reported. Starting in July, the federal government will dole out $300 to families for each child under 6 years...

Are Precious Metals Investors Vulnerable to the IRS’s Audit Offensive?

Today is a special day. Few people are celebrating it, however. That’s because it’s Tax Day. After giving taxpayers stimulus checks and a one-month reprieve due to pandemic-related struggles, the IRS now wants its cut from workers, business owners, and investors. The agency will now be ramping up its audit machinery...

Microsoft Investigated Bill Gates for Affair with Employee Before He Left the Board

(Headline USA) Board members at Microsoft Corp. made a decision in 2020 that it wasn't appropriate for its co-founder Bill Gates to continue sitting on its board as they investigated the billionaire's prior romantic relationship with a female Microsoft employee that was deemed inappropriate, according to a report in...

If You Want a Job w/ Delta Air Lines, You MUST Have a COVID Vaccine

(Associated Press) Delta Air Lines will require new employees to be vaccinated against COVID-19 starting Monday. The airline won’t impose the same requirement on current employees, more than 60% of whom are vaccinated, a Delta spokesman said Friday. Delta has about 74,000 employees. American, United, Southwest and Alaska airlines, however, said they do...

Stores Finally Free From Mask Mandates But Some Still Require It

(Associated Press) More than a dozen states quickly embraced new federal guidelines that say fully vaccinated Americans no longer need to wear masks indoors or out in most cases. But other states and cities and some major businesses hesitated amid doubts about whether the approach is safe. Some businesses argue there...

Will Precious Metals Investors Get the Last Laugh?

Financial markets have become a complete joke. From GameStop to Dogecoin to non-fungible tokens (NFTs), a plethora of assets have been pushed to laughable heights with the help of the Federal Reserve’s funny money. Just about everyone, except for stone-faced Fed officials, seems to be in on the joke. Dogecoin promoter...

CALIF. REALTOR: Exodus ‘Unlike Anything I’ve Seen’ in 28 Years of Selling Homes

(Cole Lauterbach, The Center Square) California’s wealthiest residents sought to purchase luxury homes in other states during the COVID-19 pandemic, if not leave the state entirely. A report from realty company Coldwell Banker suggests many of their California-based home sellers saw their wealthy clients selling and heading for more tax...

Progressives Now Offer Protective Racket for Corporations to Fend Off ‘Woke’ Attacks

(Mark Hemingway, RealClearInvestigations) In 2017, Nandini Jammi helped launch a company called Sleeping Giants to pressure corporate advertisers into boycotting conservative media. With little more than a Twitter account, a Facebook group and a gift for incendiary rhetoric, the company reportedly prompted a range of corporations, from Pfizer to...
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