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Thursday, January 9, 2025

FINANCE

App Exposes Worst of U.S. Military Housing

(Brett Rowland, The Center Square) An app that allows U.S. service members to anonymously post photos of the conditions in military barracks and dining facilities includes images of mold, mice, maggots, cockroaches, brown tap water and broken AC units, among other problems. The app, called Hots&Cots, allows registered users to...

Bank Warns AI Scams Millions w/ Just 3 Secs. of Audio

(Victoria Cook, Headline USA) The phone is ringing, but you don’t recognize the number. It could be a scam, you think, but maybe your hospital is calling you to confirm your appointment for next week. So you answer.  Surprised, you hear your daughter’s voice, telling you, in between sobs, that...

GOLD: The All-Weather Investment

(Brien Lundin, Money Metals News Service) The mainstream financial media quoted me last week saying gold was the “all-weather” hedge against whatever may happen with the Fed pivot and more. That’s been proven accurate, as stocks are down, the dollar is stronger, and yields are rising... yet gold is soaring. Here’s...

L.A. Singer Jon Kahn Tops iTunes Charts w/ Trump-Inspired Song ‘Fighter’

(Chris Cella Jr., Headline USA) Los Angeles-based singer--songwriter Jon Kahn recently topped the iTunes charts with a new single, "Fighter," inspired by former President Donald Trump and his poignant response to the July 13 assassination attempt.   View this post on Instagram   A post shared by Jon Kahn (@jonkahnmusic) The song's release came...

India Reports Record Gold Imports in August

(Mike Maharrey, Money Metals News Service) India reported record gold imports in August after the country slashed its import duty the month before. India ranks as the world's second-largest gold consumer behind China. In July, the Indian government cut taxes on gold and silver imports by more than half, lowering duties...

Americans Have Spent All of Their Pandemic Savings and Then Some

(Mike Maharrey, Money Metals News Service) Talking heads and politicians laud the “resilience” of American consumers. They managed to keep spending despite rapidly rising prices thanks to post-pandemic price inflation. But these pundits and politicos rarely talk about how Americans have weathered the inflationary storm. When you look at the...

House Dem. Attacks Trump-Supporting Union Members, Calls Them ‘Uninformed’

(Dmytro “Henry” Aleksandrov, Headline USA) Rep. James McGovern, D-Mass., recently said that almost 60% of the International Brotherhood of Teamsters union members are "uninformed" because they support Donald Trump for president. “It’s clear that these workers are misinformed or uninformed about Trump’s record on labor. He is the most anti-labor...

Dollar Danger, De-dollarization, and Central Banks’ Move to Gold

(Money Metals News Service) In the latest Money Metals Midweek Memo, hosted by Mike Maharrey, a comprehensive discussion on the dangers facing the U.S. dollar, de-dollarization trends, and global central bank policies took center stage. Maharrey highlights a looming threat to the U.S. dollar's dominance and its potential long-term impact...

Hedge Fund Billionaire Says He’d Pull Money from Market and Go to Gold If Harris Wins

(Mike Maharrey, Money Metals News Service) Hedge fund billionaire John Paulson said he would pull his money out of the stock market and go into cash and gold if Kamala Harris wins the election.  The Paulson and Co. founder and CEO has been called “one of the most prominent names...

MAHARREY: Actions Speak Louder Than Words: Fed Supersizes Rate Cut

(Mike Maharrey, Money Metals News Service) Jerome Powell says the economy is in “solid shape.” Jerome Powell says inflation is still elevated. Jerome Powell says he doesn’t see a recession risk. And yet the Federal Reserve just supersized its rate cut, indicating that the central bankers are more worried about...

House Rejects Funding Stopgap Tied to Election Integrity; 14 Republicans Join Dems

(Headline USA) The House on Wednesday night rejected a bill to fund federal government for six months that was packaged alongside election-integrity measures such as proof-of-citizenship requirements. The bill failed after 14 Republicans joined Democrats to reject it---including some who stood on principal in opposition to any short-term funding extensions. Speaker...

The Party’s Over: Iconic Tupperware Brands Seeks Chapter 11 Bankruptcy

(Headline USA) Tupperware Brands, the company that revolutionized food storage decades ago, has filed for Chapter 11 bankruptcy protection. Orlando, Florida-based Tupperware plans to continue operating during the bankruptcy proceedings and will seek court approval for a sale, “in order to protect its iconic brand,” the company said just before...
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