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Saturday, November 16, 2024

Headline HH/HW Syndication

Vermont Representatives File Bill to End Sales Tax on Gold and Silver

(Money Metals News Service) Representatives in Vermont realize that their state has become a big outlier, and that it’s high time for the state to end their practice of taxing purchases of gold and silver. House Bill 295, a measure that removes this taxation from gold and silver coins and...

IMF Analysis: Rise of AI to Enhance or Eliminate 60% of Jobs

(Eli Pacheco, Headline USA) A recent report from the International Monetary Fund revealed that artificial intelligence impacts 60% of jobs in nations with advanced economies and poses a threat to eliminating about half of those. IMF, a lender of last resort to national governments, supports exchange-rate stability. It uses a quota...

Wisc. Lawmakers Reintroduce Measures to End Sales Tax on Gold, Silver

(Money Metals News Service) A large bipartisan contingent of Wisconsin legislators have reintroduced legislation seeking to end Wisconsin’s outdated practice taxing purchases of gold and silver. Assembly Bill 29 and Senate Bill 33, primarily sponsored by Rep. Shae Sortwell and Sen. Duey Strobel (R - Saukville), respectively, are cosponsored by almost two...

The Ninja Price Increase — Shrinkflation

(Mike Maharrey, Money Metals Exchange) You know all about price inflation and how it squeezes your wallet. But there are also ninja price increases out there that you might not notice. It's called "shrinkflation." Inflation robs you of purchasing power by driving up the price of everything you buy. The government...

Gold Builds Support at $2,000; What’s Next?

(Mike Maharrey, Money Metals Exchange) Gold appears to have built solid support above $2,000 an ounce, but momentum to move higher in the short term has eased with uncertainty about the timing of Federal Reserve rate hikes. But short-term sentiment aside, there are plenty of reasons to remain bullish on...

SELLERS: Woke America’s Next ‘New Normal’ Is 3-Hour Restaurant Waits

(Ben Sellers, Headline USA) Although it may have come at a considerable cost, I have fairly well insulated myself since the pandemic from the toxicity that is the woke world.  It became clear during COVID that there were two parallel Americas that co-existed, and I was neither willing nor welcome...

Bitcoin Is No Substitute for Gold

(Clint Siegner, Money Metals Exchange) With Bitcoin making the news last week when the Securities and Exchange Commission (SEC) finally approved exchange traded funds, it’s a good time to review the topic again. Bitcoin still offers the potential to serve as a form of honest money and to end-run the...

Jim Grant: It’s Too Early for the Fed to Declare ‘Mission Accomplished’

(Mike Maharrey, Money Metals Exchange) At its December meeting, the Federal Reserve effectively declared victory over inflation. They didn’t didn’t use those words, but that was the signal given by the policy trajectory laid out by the FOMC. Is this victory dance premature? Financial analyst Jim Grant thinks so. In an interview...

House Speaker Johnson Is Accused of Caving on Spending Cuts

(Mike Gleason, Money Metals Exchange) As inflation comes in hotter than expected and the federal deficit comes in higher than ever, investors face rising risks in financial markets. On Thursday, the Labor Department reported that the Consumer Price Index for December rose by 0.3%. That was a bigger increase than...

Biden Admin. Runs Half Trillion Dollars Deficit in Q1 of Fiscal 2024

(Mike Maharrey, Money Metals Exchange) Just one quarter into fiscal 2024, the federal government has already run a budget deficit of over half a trillion dollars. The December budget shortfall came in at $129.37 billion, according to the latest Monthly Treasury Statement. That drove the 2024 deficit to $509.94 billion....

EBay to Pay $3M for Sending Live Spiders, Cockroaches to Mass. Couple

(Headline USA) Online retailer eBay Inc. will pay a $3 million fine to resolve criminal charges over a harassment campaign waged by employees who sent live spiders, cockroaches and other disturbing items to the home of a Massachusetts couple, according to court papers filed Thursday. The Justice Department charged eBay with stalking, witness tampering and...

Inflation Rose More than Expected in Latest Data

(Casey Harper, The Center Square) Consumer costs increased at an elevated level again in December, according to newly released federal economic data, raising new concerns about spiking inflation. The U.S. Bureau of Labor Statistics on Thursday released the Consumer Price Index, a key marker of inflation, showing the cost of a...
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