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Thursday, November 7, 2024

Headline HH/HW Syndication

Nothing to See: Ukraine Minister Arrested for Multimillion-Dollar Scheme

(Luis Cornelio, Headline USA) A high-level minister of President Volodymyr Zelenskyy’s government has been arrested over his alleged role in a multi-million-dollar scheme to seize government-owned land.  Agriculture Minister Mykola Solskyi, responsible for overseeing Ukraine’s expansive agricultural sector, submitted his resignation on Thursday following the damning accusations leveled against him by...

Biden Calls Economy ‘Strong’ Despite Poor GDP Growth

(Casey Harper, The Center Square) – President Joe Biden on Thursday defended newly released economic growth numbers that fell way short of economists' expectations. Federal data shows the U.S. Gross Domestic Product grew at an annual rate of 1.6% in the first three months of this year, down from 3.4%...

FCC Revives ‘Net Neutrality’ Rule Letting Gov’t Regulate Internet Traffic

(Jacob Bruns, Headline USA) The Federal Communications Commission reinstated an Obama-era internet neutrality rule allowing the federal government and its bureaucracy to govern internet traffic, Politico reported. The three Democrats on the FCC panel outvoted the two Republicans, instituting the rule on the pretense that it will protect consumers. At stake...

Money Metals Midweek Memo: Economic Insights w/ Mark Skousen

(Money Metals News Service) In a recent episode of Money Metals' Midweek Memo, host Mike Maharrey engaged in an enlightening conversation with Mark Skousen, an eminent economist with a PhD from George Washington University.  Skousen, who was recently named one of the top 20 living economists, delved into various pressing...

Inflation Still Runs Hot, Gold and Silver Prices Stabilize

(Mike Gleason, Money Metals News Service) As economic data comes in worse than expected, investor uncertainty is rattling markets.  On Thursday, the Commerce Department released its estimate of Gross Domestic Product for the first quarter. GDP growth came in at a disappointing 1.6% -- well short of the 2.3% consensus...

The Federal Reserve’s $34.5 Trillion Problem

(Mike Maharrey, Money Metals News Service) The Federal Reserve has a $34.5 trillion problem. And the problem is growing. Yes, I’m talking about the national debt.  How is the debt the Fed’s problem? It hamstrings the Fed’s ability to fight price inflation. In a recent interview, Crescat Capital macro strategist Tavi Costa...

Ukrainian Special Interest Group Seeks to Weaponize FCC against Musk

(Ken Silva, Headline USA) In September 2022, Elon Musk may have prevented a World War 3 when he instructed SpaceX employees to disable his Starlink internet service to prevent a Ukrainian attack on the Russian naval fleet in Crimea. Now, a Ukrainian special interest group seeks to have the Federal...

Nebraska Ends Income Taxes on Gold and Silver, Declares CBDCs Are Not Lawful Money

(Money Metals News Service) With Gov. Jim Pillen’s signature, Nebraska has become the 12th state to end capital gains taxes on sales of gold and silver. Under LB 1317, any “gains” or “losses” on precious metal sales reported on federal income tax returns are backed out, thereby removing them from...

Robust Chinese Gold Demand Expected to Continue Supporting the Market

(Mike Maharrey, Money Metals News Service) Strong Chinese gold demand will continue to support the gold market according to a recent research report by Metals Focus. Gold recently hit record highs over $2,400, but there has been some profit-taking and consolidation this week. Cooling geopolitical tensions in the Middle East...

Stefanik Calls on Biden Admin to Defund Columbia over Anti-Semitic Campus Protests

(Headline USA) Rep. Elise Stefanik, R-N.Y., called on the Biden administration this week to revoke federal funding from Columbia University over the school’s response to disruptive anti-Israel protests on campus. In a letter to top Biden officials, including Education Secretary Miguel Cardona, Attorney General Merrick Garland and Homeland Security Secretary Alejandro...

Biden Signs TikTok ‘Ban,’ Paving Way for Sweeping Online Censorship

(Headline USA) In a move likely to stun millions of American users, the Senate followed through on a controversial ban of the China-run TikTok app. The move had many conservatives split over concerns for national security in the face of all but certain espionage on one hand---not to mention the...

Demystifying Inflation: Money Metals’ Midweek Memo w/ Mike Maharrey

(Money Metals News Service) In the latest episode of the Money Metals’ Midweek Memo, host Mike Maharrey delved deep into the intricate realm of inflation, offering invaluable insights and debunking prevalent misconceptions. With escalating concerns about inflation permeating the investment landscape, Maharrey's elucidation provided much-needed clarity on this pivotal...
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