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Monday, November 25, 2024

FINANCE

The U.S. Is Ready With a Gold Revaluation Mechanism Too

(Chris Powell, Money Metals News Service) In an interview this week with Mark Moss of Market Disruptors that is posted at YouTube, Luke Gromen of the Forest for the Trees financial letter notes something about the U.S. Treasury Department and Federal Reserve that has also been contemplated by other...

ST. ONGE: How Gold Can Save the Dollar

(Peter St. Onge, Money Metals News Service) Can we save the dollar before central banking kills it? Our deficits are now stuck at 8% of GDP — unprecedented in peacetime. And our national debt just hit $35 trillion — unprecedented in the history of man. Even the central bankers realize that...

Delta DEI Chief Cancels Non-Inclusive ‘Ladies and Gentlemen’

(Molly Bruns, Headline USA) Kyra Lynn Johnson, Delta Air Lines's chief officer for Diversity, Equity, Inclusion, & Social Impact, announced that the company was abandoning its use of the phrase "ladies and gentlemen" in gate announcements, according to Fox News Digital. Johnson first pitched the gate announcement change during a February...

Inflation Ticks Up in New Federal Data

(Casey Harper, The Center Square) Newly released federal inflation data showed that the Producer Price Index, a leading marker of inflation, rose last month. The U.S. Bureau of Labor Statistics released the data, which showed a 0.1% increase in July, part of a 2.2% increase in the previous 12 months. Notably,...

The Dumbest Ideas in Economics—and Why Sound Money Still Matters

(Money Metals News Service) In this week's edition of the Money Metals Midweek Memo, host Mike Maharrey tackled what he described as three of the "dumbest" ideas currently floating around in the realm of economics, all while battling a cold. Despite his illness, Maharrey made a compelling case against the...

Many Countries Turning to Gold as a ‘Stateless Currency’

(Mike Maharrey, Money Metals News Service) Many central banks are opting for a “stateless currency” – gold. That’s how a recent article published by Nikkei Asia put it, noting that “central banks are diversifying away from the dollar and yuan.” The article notes that the proportion of greenbacks in foreign...

Another Month, Another Massive Biden Budget Deficit

(Mike Maharrey, Money Metals News Service) A couple of weeks ago, the national debt blew past $35 trillion. There were a few articles bemoaning the ballooning debt, but no substantive calls to rein it in. Meanwhile, the Biden administration continues to spend America into oblivion. The July deficit came in...

Money Metals Opens Idaho-Based Gold Depository Larger Than Fort Knox

(Money Metals News Service) The Western United States now has its very own Fort Knox, only substantially larger. After three years of planning and construction, Money Metals has opened its state-of-the-art 37,000-square-foot vaulting and fulfillment facility in Eagle, Idaho. Nestled into the base of the Boise Foothills, Money Metals’ high-security gold...

Gold Revaluation Is Far More Democratic Money Creation than Platinum Coins

(Chris Powell, Money Metals News Service) This week, the brilliant journalist and financial analyst Mike Maharrey of Money Metals revisited the recent dream of inflationists... ...to increase the U.S. money supply by means of the U.S. government's creation of one or two platinum coins with trillion-dollar denominations. The idea would have...

Surging Silver Demand Could Deplete Global Inventories as Early as Next Year

(Mike Maharrey, Money Metals News Service) Rapidly increasing industrial and military demand for silver could deplete global inventories by as early as next year.   Silver demand has outstripped supply for three straight years and the Silver Institute projects another market deficit this year. In 2023, the silver market charted a structural...

Minnesota Business Owner Slams ‘Evil’ Tim Walz for ‘Decimating’ Small Business During COVID

(Headline USA) A Minnesota business owner slammed Gov. Tim Walz for “decimating” her bar and several other local businesses during the COVID-19 pandemic. Lisa Zarza, 52, operated Alibi Drinkery, as well as Froggy Bottoms River Pub and Lily PADio, when Walz issued stringent shelter-in-place orders for all residents. At first, Zarza...

Kamala Plagiarizes Trump’s ‘No Tax on Tips,’ Reversing Her Own Policy

(Elias Irizarry, Headline USA) Vice President Kamala Harris and Minnesota Governor Tim Walz held a rally in Las Vegas on Saturday marking their first appearance in the state of Nevada, additionally announcing their first policy initiative. Harris declared that, if elected, she would "eliminate taxes on tips for service and...
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