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Saturday, February 4, 2023
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FINANCE

US Budget Deficit Hits Record $3 Trillion Through 11 Months

(Associated Press) The U.S. budget deficit hit an all-time high of $3 trillion for the first 11 months of this budget year, the Treasury Department said Friday. The ocean of red ink is a product of the government's massive spending to try to cushion the impact of a coronavirus-fueled recession that...

China Unloads Dollars as Gold Tests Support

Since posting new record highs in early August, the gold market has consolidated above $1,900/oz support. A close below the $1,900 level would carry bearish implications for the near term. Alternatively, a move back above $2,000/oz would likely be followed through to the upside with a rally to fresh highs. Silver, in...

POLL: Public Opinion of ‘Woke’ Professional Sports Leagues TANKS

Public approval of the professional sports industry has dropped over the past few months due to the coronavirus pandemic and the leagues’ constant attempts to force social justice into the games, according to a recent poll. Gallup survey results published on Tuesday found that from August 2019 to this year,...

SF Salon Owner Who Exposed Pelosi Raises $300K to Cover Moving Expenses

The San Francisco salon owner, who House Speaker Nancy Pelosi, D-Calif., has accused of setting her up after she was caught visiting the facility without a mask to get her hair done last week, has received more than $300,000 in donations in just one week. The donations will help Erica...

Liberals Call For Boycott of Hobby Lobby After Pro-Trump Sign Found in Store

Liberals are demanding that customers boycott Hobby Lobby after a pro-Trump sign was found in one of its U.S. stores. In a Hobby Lobby pic.twitter.com/W4ASl0vqT2 — Kari B (@KariBrekke) September 6, 2020 After a user posted a picture of decorative letters arranged to read “USA Vote Trump” in one of the store’s...

The Monetary System Is Behind the Power Curve. That’s Not Good.

(David Morgan, Money Metals News Service) Lately, it’s been hard to ignore the feeling that the monetary system could potentially collapse. To me, it’s not just a feeling. It’s a certainty. To explain, I’d like to borrow an analogy from the world of aviation. The “backside of the power curve” means that...

Minneapolis Salon Owner Slapped w/ $200K Bill after Rioters Burned It Down

The owner of a Minneapolis salon burned to the ground during the riots over George Floyd’s death in May said that the city slapped her with a $200,000 bill and tore down the building instead of helping the nearby businesses rebuild. “I haven’t gotten anything, not a penny,” Flora Westbrooks,...

REPORT: DOJ Could File Anti-Trust Charges Against Google This Month

The Justice Department plans to file anti-trust charges against Google in the coming weeks, according to the New York Times. The charges will largely relate to how the company has used its search engine to dominate the online advertising business, Attorney General Bill Barr said. They will be the conclusion of...

US Unemployment Rate Falls to 8.4%; 1.4M Jobs Added in August

(Headline USA) The U.S. unemployment rate fell sharply in August to 8.4% from 10.2%. Employers added 1.4 million jobs, the Labor Department said, down from 1.7 million in July. The U.S. economy has recovered about half the 22 million jobs lost to the pandemic. Governors --- mostly Democrats --- are still keeping...

Facebook Will Not Accept New Ads the Week Before 2020 Election

(Headline USA) With just two months left until the U.S. presidential election, Facebook says it is taking more steps to encourage voting, minimize "misinformation," and reduce the likelihood of post-election “civil unrest.” The company said Thursday it will restrict new political ads in the week before the election and remove...

Pension Funds Start Looking to Gold to Avert Disaster

Public and private pension plans face a dual crisis. The first and most obvious threat to pensioners is that defined-benefit vehicles are severely underfunded. By one estimate, pension systems taken as a whole are $638 billion in the red. Some are in better shape financially than others. But all pension plans will have...

Amazon Becomes Third Company Cleared for Drone Deliveries

(Headline USA) Getting an Amazon package delivered from the sky is closer to becoming a reality. The Federal Aviation Administration said Monday it had granted Amazon approval to deliver packages by drones. Amazon said that the approval is an “important step," but added that it is still testing and flying the...
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