(Mike Maharrey, Money Metals News Service) I have argued that despite cranking up interest rates and running some assets off its balance sheet, the Federal Reserve has not done enough to beat inflation. And here’s another sign that inflation isn’t down and out.
Producer prices rose more than expected in...
(Clint Siegner, Money Metals News Service) Gold and silver prices remain range bound and investors are frustrated. Precious metal mining shares have been drifting lower for years. The GDXJ, an index of junior mining companies, is at the lowest level seen since the depth of the COVID sell-off in...
(Mike Maharrey, Money Metals News Service) Chinese gold demand kicked off 2024 with a bang. Wholesale gold demand set a record in January. Meanwhile, assets under management by Chinese gold ETFs reached an all-time high.
China ranks as the world’s top gold consumer, and Chinese demand has a significant impact...
(Ben Sellers, Headline USA) The hashtag #TruckersForTrump was trending on Twitter with more than 70,000 posts on Monday following Judge Arthur Engoron's outrageous $355 million verdict against former President Donald Trump in a trial that many regarded as little more than the fulfillment of a campaign promise from Democrat...
(Casey Harper, The Center Square) The Republican-led House Oversight Committee is looking into allegations that the IRS is selectively not enforcing its tax-exempt rules against leftist nonprofits.
With new allegations of political bias, House Oversight Committee Chair Rep. James Comer, R-Ky., has launched an investigation into the IRS requesting interviews,...
(Mike Gleason, Mike Maharrey, Money Metals News Service) As speculative fervor fuels price spikes in technology stocks and cryptocurrencies, gold continues to quietly hold its major support level.
The monetary metal tested the critical $2,000 level again this week. After dipping early in the week, prices bounced modestly on Thursday.
The...
(Casey Harper, The Center Square) Internal Revenue Service Commissioner Daniel Werfel responded to a range of concerns from lawmakers Thursday from the controversial $600 reporting rule to leaks at the agency.
The questions came during the House Ways and Means Committee hearing, where a key topic was a controversial IRS...
(Brett Rowland, The Center Square) A Ccongressional watchdog told President Joe Biden and Congress on Thursday that the federal government is on an "unsustainable long-term fiscal path."
The report from the U.S Government Accountability Office comes a week after a Congressional Budget Office report found federal spending is projected to...
(Bethany Blankley, The Center Square) President Joe Biden is blaming corporations for high prices and "shrinkflation."
Business executives and many economists disagree, arguing the real problem is inflation created by federal deficit spending policies.
Ahead of the Super Bowl, Biden tweeted a video saying, “While you were Super Bowl shopping, did...
(Mike Maharrey, Money Metals News Service) The bank bailout program established by the Federal Reserve in the wake of last spring's banking crisis is scheduled to shut down on March 11.
Then what?
There are a lot more questions than answers.
For instance, will the Fed blink?
And if it doesn’t, how will...
(Mike Maharrey, Money Metals News Service) Defining inflation as "rising prices" creates all kinds of confusion. As I explained in-depth, historically, inflation meant an increase in the amount of money and credit in the economy, or more succinctly, an expansion in the money supply. Rising consumer prices - price...
(Luis Cornelio, Headline USA) Leaked letters appear to confirm earlier revelations that the White House carried out multiple attempts to interfere in the damning release of Special Counsel Robert Hur’s final report that delved into President Joe Biden’s mishandling of classified documents, multiple outlets reported on Thursday.
A day before the release of the...