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Navigating Stagflation: Insights from Money Metals Midweek Memo
(Money Metals News Service) In the latest episode of the Money Metals Midweek Memo, host Mike Maharrey delves into the complexities of the current economic landscape including that of China as a member of BRICS, Federal Reserve policies, and stagflation.
China’s Growing Influence on the Global Economy
Mike Maharrey highlights concerns...
Trump’s DJT Stock Soars Again after Nunes Requests House Probe
(Jacob Bruns, Headline USA) Former President Donald Trump's Truth Social stock once again leapt in value Monday after the company requested that the U.S. House of Representatives investigate "unlawful financial manipulation," CNBC reported.
Shares in the social-media platform's parent company, Trump Media and Technology Group (DJT), have fluctuated wildly since...
Fast-Food Jobs Disappear after California Enacts $20 Minimum Wage
(Matthew Doarnberger, Headline USA) Fast-food restaurants across California have decreased their hiring of workers as part of the fallout from the state's $20-an-hour minimum-wage law that took effect April 1.
After Gov. Gavin Newsom signed the legislation into law last September, which applied to nearly all fast-food chains (with a...
Thai Government Pension Fund Buying More Gold to Mitigate Risk
(Mike Maharrey, Money Metals News Service) The Thai government wants to mitigate risk in its pension fund so it's turning to gold and oil.
Songpol Chevapanyaroj serves as the secretary general of Thailand's Government Pension Fund (GPF). He told the Bangkok Post that fund management has become more difficult due...
Brazilian UFC Fighter Delivers Economic Punch to the Face
(Mike Maharrey, Money Metals News Service) Why is CNN suddenly highlighting an Austrian free-market economist? You can thank a Brazilian UFC fighter.
After a recent victory, a bruised and bloodied Renato Moicano gave a shoutout to Ludwig von Mises and the U.S. Constitution.
“I love America. I love the Constitution. I...
More Evidence That Cooling Price Inflation Was Transitory
(Mike Maharrey, Money Metals News Service) If the hotter-than-expected March CPI data wasn't enough to convince you, there is more evidence that the "cooling inflation" we saw late last year was transitory.
The media tends to focus on the Consumer Price Index but the Federal Reserve's favorite inflation measure is...
Could Gold’s West-to-East Shift Set Up a New Gold-Backed Currency?
(Mike Maharrey, Money Metals News Service) Could the movement of gold from West to East set the stage for a gold-backed currency?
Some analysts think that might be the case.
And if that is the direction the world is heading, it would be disastrous for the U.S. dollar.
The impact remains unclear, but...
Pelosi Goes Ballistic after MSNBC Anchor Fact-Checks Her on Biden Economy
(Luis Cornelio, Headline USA) Former House Speaker Nancy Pelosi, D-Calif., appeared for a softball interview on MSNBC on Monday but quickly became enraged when the anchor called her out on a politically inconvenient fact.
Pelosi participated in a live interview on Katy Tur Reports, where she attempted, albeit unsuccessfully, to make the...
Hawaii May Block Foreign Nuts from Using State in Macadamia Marketing
(Headline USA) For decades, tourists to Hawaii have brought home gift boxes of the islands’ famous chocolate-covered macadamia nuts for friends and family, but these days many of the kernels in the package might not be Hawaii-grown.
This little-known fact is surfacing at the state Legislature as lawmakers wrestle over...
Is America Ready for Driverless Tractor-Trailers to Hit the Interstate?
(Headline USA) On a three-lane test track along the Monongahela River, an 18-wheel tractor-trailer rounded a curve. No one was on board.
A quarter-mile ahead, the truck's sensors spotted a trash can blocking one lane and a tire in another. In less than a second, it signaled, moved into the...
JD Vance Calls Out Graham: Europe, Not America, Should Fund Ukraine
(Luis Cornelio, Headline USA) Sen. JD Vance, R-Ohio, is pushing back against the notion that the United States can sustainably finance multiple global conflicts without compromising its national security.
During the latest installment of Fox News Sunday, Vance responded to Sen. Lindsey Graham, R-S.C., who had defended the allocation of $60...
Congress’s Inaction on Debt ‘Irresponsible,’ Says Former Comptroller
(Brett Rowland, The Center Square) The former U.S. Comptroller General said Congress' failure to address the federal debt burden was "irresponsible."
David Walker, former Comptroller General of the United States and a member of the Main Street Economics Advisory Board, said recent economic data should prompt lawmakers to take action...
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