FINANCE

(Ron Paul Institute) Following revelations that Federal Reserve officials made trades in financial assets while the Fed was taking extraordinary efforts to “stimulate” the economy, Federal Reserve Chairman Jerome Powell ordered a review of the Fed’s ethics rules. While these trades appear problematic, they pale in comparison to the biggest Fed...

(Bethany Blankley, The Center Square) Federal and state COVID-19 vaccine mandates are exacerbating a nursing shortage in California. The recent federal mandate requires health care workers at Medicare- and Medicaid-funded hospitals to take the COVID-19 vaccines or the facilities where they work would lose federal funding. The order has resulted in...

(Cole Lauterbach, The Center Square) Results from the 2020 census showed California’s population losses led to the state shedding a member of Congress for the first time since inception. The California Department of Finance announced in May that California’s population fell for the first time, dropping by more than 182,000 people in...

(Headline USA) Federal Reserve Chairman Jerome Powell is preparing to tell Congress that the current spike in U.S. inflation has proven to be larger and more long-lasting than expected. But, in remarks prepared for delivery Tuesday, he says that if inflation does not abate, the Fed is ready to use...

(Clint Siegner, Money Metals News Service) Washington DC politicians are busy cobbling together yet another bi-partisan bill to raise the federal borrowing limit. Congress imposed the debt ceiling on itself in 1917. Democrats and Republicans have worked together to circumvent it ever since. Borrowing and spending more money is one area where politicians...

(Jon Miltimore, Foundation for Economic Education) In mid August, Twitter Founder and CEO Jack Dorsey tweeted a strange hashtag: #WTFHappenedin1971. #wtfhappenedin1971 — jack⚡️ (@jack) August 15, 2021 A few weeks later, Edward Snowden, the CIA subcontractor turned whistleblower who revealed the NSA’s unlawful mass surveillance program, shared a similar post. "Why Aren't Millennials Buying...

President Joe Biden could owe more than $500,000 in back taxes, according to a new report published by the nonpartisan Congressional Research Service. In 2019, it was discovered that Biden exploited a tax loophole that allowed him to avoid paying Medicare taxes for years before he took office. Government documents from...

President Joe Biden and his administration face heavy criticism as they push a plan to give the Internal Revenue Service permission to delve into private bank accounts, Fox News reported. The plan requires banks and other financial institutions to report all inflows and outflows of over $600 to the IRS. The...

(Bob Pepalis, The Center Square) The Biden administration is delaying lease sales of federal lands for oil and gas exploration even after a court order, the head of the Western Energy Alliance said. President Joe Biden banned oil and gas lease sales by directing the U.S. Department of the Interior to...

(Mike Gleason, Money Metals News Service) Debt troubles in China and Washington, D.C. helped boost safe-haven demand for precious metals early this week. By Thursday, however, investors piled back into stocks and sold safe-havens again. As of this Friday recording, the gold price is essentially unchanged on the week to trade at...

Sen. Marco Rubio, R-Fla., on Thursday introduced legislation that would force corporate boards and managers to prove that their far-left social ideologies benefit shareholders, or else accept personal responsibility for harming their companies. The Mind Your Own Business Act would empower shareholders to sue corporate leaders for enacting social policies that...

Credit risk out of China and debt ceiling drama in Washington are driving precious metals markets this week. Gold and silver attracted some significant safe-haven buying as equity markets succumbed to selling. The storyline being trumpeted in the financial media is that a government shutdown and possible debt default loom in...