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Thursday, November 7, 2024

Headline HH/HW Syndication

Convenience Store Gold Flying Off Shelves in Korea!

(Mike Maharrey, Money Metals News Service) Tiny bars of gold are flying off the shelves in South Korean convenience stores. This is yet another example of the movement of gold from West to East. Korea’s largest convenience store chain, CU, has teamed up with Korea Minting and Security Printing Corporation...

What Is Fiat Money and Why Is It a Problem?

(Mike Maharrey, Money Metals News Service) If you follow alternative financial media, you'll often hear dollars derisively referred to as "fiat currency." What exactly does this term mean and why is it often used as a slur? Investopedia defines fiat money as a government-issued currency not backed by a physical...

Former Obama Adviser Blasts Biden’s ‘Terrible’ Economic Messaging

(Headline USA) Former Obama adviser David Axelrod blasted President Joe Biden this week, arguing the president’s economic messaging was a “terrible mistake.” Axelrod was responding to a sit-down Biden did on Wednesday with CNN’s Erin Burnett, who grilled Biden on the state of the economy and voters’ disapproval of the way...

Pentagon Plans to Spend Nearly $2 Trillion on Stealth Fighter w/ Reliability Issues

(Brett Rowland, The Center Square) The cost of the Pentagon's most expensive weapon system is projected to increase by more than 40% despite plans to use the stealth fighter less, in part because of reliability issues. The U.S. Department of Defense's F-35 Lightning II is the most advanced and costly...

Is BLS is Cooking Jobs Reports to Make Biden’s Economy Look Better?

(Ken Silva, Headline USA) Last Friday’s Bureau of Labor Statistics employment report showed that U.S. employers added some 175,000 jobs in April. But while April's numbers captured most of the headlines, the same jobs report also contained downward revisions for earlier this year, with the BLS admitting that “employment in...

Gold Up 4 Percent in April Despite Headwinds

(Mike Maharrey, Money Metals News Service) Gold was up 4 percent in April, despite some profit-taking, along with headwinds from a strong dollar and waning hope for an interest rate cut. Gold hit a new all-time high of 2,431 in April, but pulled back later in the month as hopes...

Is the American Consumer Tapped Out? Credit Card Borrowing Tanked in March

(Mike Maharrey, Money Metals News Service) Have Americans finally maxed out their credit cards? It looks like they may have and that's bad news for an economy that has run on credit cards for the last year. According to the latest data released by the Federal Reserve, revolving credit cratered...

Jeff Bezos Invests $60M into Lab-Grown Meat … Right Before DeSantis Bans It

(Dmytro “Henry” Aleksandrov, Headline USA) The new Sunshine State residents Jeff Bezos and his fiancée Lauren Sanchez announced a $60 million initial investment into sustainable protein, including “cultivated meats," almost right before Gov. Ron DeSantis, R-Fla., barred the sale of lab-grown meat in Florida. A news release revealed that DeSantis...

Navigating the Future of Precious Metals: Insights and Legislative Advocacy from Industry Experts

(Money Metals News Service) In a recent episode of the Vancouver Resource Investment Conference podcast, hosted by Jesse Day, guests Stefan Gleason (President and CEO of Money Metals Exchange) and Jp Cortez (Executive Director of the Sound Money Defense League) shared their expert analysis on the dynamics of the...

U.S. Rep. Introduces Bill to End Federal Tax on Gold and Silver

(Money Metals News Service) U.S. Rep. Alex Mooney, R-W.Va., has re-introduced sound money legislation to remove all federal income taxation from gold and silver coins and bullion. The Monetary Metals Tax Neutrality Act (H.R. 8279) backed by the Sound Money Defense League, Money Metals Exchange, and free-market activists – would...

23 State AGs Call on Congress to Defund UN Agency w/ Ties to Hamas Terrorism

(Bethany Blankley, The Center Square) A coalition of 23 attorneys general led by Utah and South Carolina have called on Congress to permanently defund a United Nations agency after learning of its ties to the terrorist organization Hamas. “The United States must stop funding antisemitic education efforts run by the...

Newsom Uses Fake Data to Claim Tourism Boom Despite Lockdowns

(Kenneth Schrupp, The Center Square) California Gov. Gavin Newsom stuck to his guns after claiming record-high tourism spending from atop the Golden Gate Bridge---despite the fact that the report he cited noted in the adjoining sentence that real spending was down 14% since 2019 after accounting for inflation. “Last year,...
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