FINANCE
Biden Promises Interest Rate Cut, Violating Federal Reserve Independence
(Ken Silva, Headline USA) As he was ramping up his presidential campaign in December 2019, Joe Biden criticized Donald Trump over his calls for the Federal Reserve to lower interest rates.
“The president should not be trying to pressure the Fed,” Biden said in an interview with CNBC’s John Harwood.
“That’s supposed...
3 Fun Facts on Gold, Sound Money in NC History
(Joshua D Glawson, Money Metals News Service) North Carolina is known for many wonderful things — being “First in Flight,” Carolina BBQ, Biltmore Estate (the largest private residence in the US), being the home of NASCAR, and much more.
But did you know North Carolina has a strong history of...
CPI Came in Hotter Than Expected – Again
(Mike Maharrey, Money Metals News Service) It appears cooling price inflation was “transitory” to borrow a favorite Federal Reserve term from a bygone era.
The Consumer Price Index (CPI) for March was hotter than expected by every metric.
The consensus was price inflation would show some resilience. As one analyst told...
FCC: Internet Providers Must Include Nutrition-Label Info on Hidden Fees
(Headline USA) Much like nutritional labels on food products, “broadband labels” for internet packages will soon tell you just what is going into the pricing of your service, thanks to new rules adopted by the Federal Communications Commission this week.
“If you’ve ever shopped for home or mobile internet, you...
Gold’s Rise and Economic Insights: A Midweek Memo
(Money Metals News Service) In this week's episode of "Money Metals Midweek Memo," host Mike Maharrey delves into the often overlooked yet significant realm of gold investment, drawing an engaging parallel between gold's market perception and a personal anecdote from his school days about a girl named Bertha.
Much like...
States Sue to Block Biden’s Latest Loan ‘Amnesty’ Vote-Buying Scheme
(Casey Harper, The Center Square) A coalition of states has filed a legal challenge to President Joe Biden’s latest executive effort to forgive a portion of Americans' student loan debt.
“With the stroke of his pen, Joe Biden is attempting to saddle working Missourians with a half trillion dollars in...
Inflation Speeds Up in Latest BLS Data, Fueling New Economic Concerns
(Casey Harper, The Center Square) Newly released federal inflation data showed consumer prices continued to rise at an elevated rate for yet another month, signaling that inflation’s rise may not be over after all.
The U.S. Bureau of Labor Statistics on Wednesday released its Consumer Price Index, a key marker...
How Much Economic Growth Can Americans Put on Their Credit Cards?
(Mike Maharrey, Money Metals News Service) After moderating credit card spending in January, American consumers pulled out the plastic yet again in February.
Credit card balances surged, driving overall consumer debt up by another $14.1 billion, a 3.4 percent annual increase.
Americans now owe $5.05 trillion in consumer debt, according to...
Here’s One Reason This Gold Bull Run Likely Still Has Legs
(Mike Maharrey, Money Metals News Service) Gold has surged to record highs of over $1,350 per ounce, and there is reason to believe this bull run has plenty of legs left.
Gold dipped below $2,000 for the last time in mid-February. Since that time, it has gained nearly 18 percent....
MSNBC Laments Trump’s $50M Fundraiser: ‘Luckiest Guy in the World’
(Headline USA) MSNBC host Stephanie Ruhle reacted on Sunday to news of former President Donald Trump’s latest fundraising haul by complaining that Trump is the “luckiest man in the world.”
In an appearance on Inside with Jen Psaki, Ruhle admitted that Trump’s $50.5 million haul from one fundraising event last quarter...
Idaho Gov. Opposes Gold & Silver, Vetoes Bill to Protect Reserve Funds
(Jp Cortez, Money Metals News Service) Idaho Gov. Brad Little today vetoed legislation that would have enabled the Idaho state treasurer to protect state reserve funds with an allocation to physical gold and silver, sending an ominous message to the state's mining industry and investors.
Senate Bill 1314 – sponsored...
Media Elite Belittle Inflation Struggles of Ordinary Americans
(Clint Siegner, Money Metals News Service) A top writer for the Wall Street Journal thinks Americans who complain about the economy just aren't aware of how good things are.
Chief Economics Commentator Greg Ip wrote a gaslighting article last week with the headline, "What's Wrong With the Economy? It's You,...
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