FINANCE
6 States Report Spread of ‘Super Bird Flu’ to Cows; Human Case Emerges
(Jacob Bruns, Headline USA) A new livestock-borne virus that has contributed to the surging prices of chicken and eggs, forcing Chick-fil-A to backtrack on its longstanding policy against the use of antibiotics, may now be threatening cows and even humans, raising anxieties about potential food shortages, another pandemic or...
Gold Is Rallying Again, But Silver Could Get REALLY Interesting
(Mike Gleason, Money Metals News Service) Another week, another record high for gold. On Wednesday, the monetary metal surged above $2,300 per ounce. It took a bit of a breather Thursday ahead of today’s key employment report but it rallied again on Friday.
Turning to silver, it made a significant...
BRICS Alternative to the SWIFT System Could Accelerate De-Dollarization
(Mike Maharrey, Money Metals News Service) With Russia taking the lead, the BRICS bloc is talking about creating a new payment system that isn’t controlled by the United States and that is not dependent on the dollar.
Such a system could accelerate de-dollarization.
BRICS is an economic cooperation bloc originally made...
Healthy Central Bank Gold Buying Continued in February
(Mike Maharrey, Money Metals News Service) Central banks continued to add to their gold reserves in February, albeit at a slightly slower pace.
On net, global central bank gold reserves increased by 19 tons in February with some selling pushing down that total. It was the ninth straight month of...
Fed Admits Losing $114 Billion
(Peter St. Onge, Money Metals News Service) The Federal Reserve just reported its largest loss in history. By far. But don't worry -- you'll be covering it.
A few days ago the Fed announced its preliminary 2023 financial statements. Note these aren't audited results -- we have to take the...
Cash-Strapped NYC Plans to Charge Commuter Toll to Marathon Runners
(Headline USA) The New York City Marathon organizers will soon have to pay a bridge toll, just like every other commuter, if New York transit officials have their way.
The Metropolitan Transportation Authority is demanding the New York Road Runners, organizers of the venerable race generally held the first Sunday of each...
Biden Review Board Blames Microsoft for Chinese Hack of Top Gov’t Officials, Demands ‘Overhaul’
(Headline USA) In a scathing indictment of Microsoft corporate security and transparency, a Biden administration-appointed review board issued a report Tuesday saying “a cascade of errors” by the tech giant let state-backed Chinese cyber operators break into email accounts of senior U.S. officials including Commerce Secretary Gina Raimondo.
The Cyber Safety Review...
Disney Shareholders Opt to Stay Course w/ Iger, Despite Anti-Woke Boycotts
(Headline USA) Disney shareholders have rallied behind longtime CEO Robert Iger, voting Wednesday to rebuff billionaire investor Nelson Peltz and his ally, former Disney Chief Financial Officer Jay Rasulo, who had sought seats on the company’s board.
Despite facing boycotts and other negative publicity surrounding its political agenda, the the woke...
Calif. Minimum Wage Hike for Fast-Food Workers Leads to Shortages in Schools
(Headline USA) When Califorina leftists voted to impose a $20-per-hour minimum wage for fast-food workers, many warned of the unintended consequences, including massive price hikes on food in an already inflationary economy.
That, however, may have been more of a feature than a glitch for the nanny state, which has...
Biden EPA Offers Kickbacks to Woke Banks after DOJ Targeted Noncompliers
(Headline USA) Drawing inspiration from the Obama-era "Operation Choke Point" and the controversial ESG investing movement, the Biden administration is using a sticks-and-carrots approach to force banks to follow its aggressively woke agenda.
On one hand, it has threatned banks with fines and investigations for insufficient money-lending to high-risk minority...
The Evils of Paper Money Have No End
(Mike Maharrey, Money Metals News Service) Many prominent American founders warned us about paper money.
Thomas Paine may have summed it up best:
“The evils of paper money have no end.”
In an 1814 letter to Thomas Cooper, Thomas Jefferson was prophetic.
“Every thing predicted by the enemies of banks, in the beginning,...
Vermont OKs Shakedown of Oil Companies over ‘Climate Change’
(Headline USA) The Vermont Legislature advanced legislation this week requiring big fossil fuel companies pay a share of the damage caused by climate change after the state suffered catastrophic summer flooding and damage from other natural disasters.
The Democrat-led state Senate, which includes only seven Republicans among its 30 members, was...
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