FINANCE
Hawaii House to Reconsider Ending Sales Tax on Sound Money
(Money Metals New Service) Representatives in the Ahola State have reintroduced legislation to end the sales tax on purchases of gold and silver.
Introduced by Representatives Diamond Garcia, David Alcos, Lauren Matsumoto, Elijah Pierick, and Gene Ward, House Bill 1724 removes general excise tax on purchases of gold and silver coins and bullion in...
Which Countries Have the Most Gold?
(Money Metals News Service) Central banks around the world have aggressively added gold to their reserves over the last several years.
In 2022, central bank gold buying came in at 1,136 tons. It was the highest level of net purchases on record dating back to 1950, including since the suspension...
NJ Governor Vetoes Popular Gold and Silver Sales Tax Exemption Bill
(Money Metals News Service) - New Jersey Governor Phil Murphy has unilaterally killed a bill that would have exempted the sales tax on purchases of gold and silver.
A5294/S1825 had passed out of both committees and both chambers of the New Jersey legislature without a single "no" vote. This popular bill had...
‘Squad’ Fire-Alarm Puller Demands $14 TRILLION for Reparations
(Headline USA) “Squad” Rep. Jamaal Bowman, D-N.Y., unveiled a federal reparations package this week that would cost the U.S. government $14 trillion, the Daily Mail reported.
For context, the amount would be roughly the same as the amount that the Trump and Biden administrations combined had increased the national debt since...
Jamie Dimon, ‘Davoisie’ Admit Trump Was Right, Warn of Overreacting
(Headline USA) JPMorgan Chase CEO Jamie Dimon warned Democrats and the media this week to stop belittling supporters of former President Donald Trump.
“I wish the Democrats would think a little more carefully when they talk about MAGA,” Dimon told CNBC’s Squawk Box Wednesday in an interview from the World...
The Goldilocks Economy Is a Fairytale
(Money Metals News Service) The mainstream psyche has latched onto a Goldilocks scenario where inflation dies, interest rates fall, and the economy glides to a soft landing.
People should probably read the end of the story because Goldilocks dies.
Also – it’s a fairytale.
When they hear the name Goldilocks, most people...
Shop at Dick’s? Gov’t Warned Banks That You May be a ‘MAGA’ Extremist
(Ken Silva, Headline USA) The House Weaponization Subcommittee revealed Wednesday that the U.S. government told banks to pore through private financial transactions in search of potential domestic extremists in the wake of the Jan. 6, 2021, Capitol Hill uprising.
The Weaponization Subcommittee showed that the U.S. Financial Crimes Enforcement Network,...
Boston NAACP: Walgreens Has ‘Obligation’ to Stay in High-Crime Area, Despite Profit Loss
(Matthew Doarnberger, Headline USA) Residents of Boston's high-crime Roxbury neighborhood are protesting the closure of a local Walgreens drug store, citing the adverse impacts to minorities already suffering disproportionately from serious medical ailments.
"The communities where they’re closing these pharmacies are communities where people are disparately impacted by disease two...
Biden’s EV Push Frozen by Arctic Weather
(Glenn Kalinoski, Headline USA) The subfreezing weather impacting much of the U.S. has exposed a major headache for electric vehicle owners, proving to be yet another setback in President Joe Biden's failed efforts to foist fossil-fuel alternatives onto disinterested consumers who see greater risk than reward in the pricey...
All You Do to Me Is Talk Talk!
(Money Metals News Service) In this episode of the Money Metals Midweek Memo, host Mike Maharrey discusses the recent dynamics in the precious metals markets, particularly focusing on the Federal Reserve's influence and the price movements of gold.
The episode starts with Maharrey expressing his skepticism towards the Federal Reserve,...
Vermont Representatives File Bill to End Sales Tax on Gold and Silver
(Money Metals News Service) Representatives in Vermont realize that their state has become a big outlier, and that it’s high time for the state to end their practice of taxing purchases of gold and silver.
House Bill 295, a measure that removes this taxation from gold and silver coins and...
IMF Analysis: Rise of AI to Enhance or Eliminate 60% of Jobs
(Eli Pacheco, Headline USA) A recent report from the International Monetary Fund revealed that artificial intelligence impacts 60% of jobs in nations with advanced economies and poses a threat to eliminating about half of those.
IMF, a lender of last resort to national governments, supports exchange-rate stability. It uses a quota...
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