Crypto
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Congress Moves against Totalitarian Central Bank Digital Currency
(Mike Gleason, Money Metals News Service) As hopes for rate cuts fade, metals markets are giving back some of their recent gains. On Wednesday, minutes from the Federal Reserve’s latest policy meeting showed central bankers are frustrated by the lack of progress on inflation. After several months of official inflation readings coming in hotter than…
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Several States Take Steps to Block a Central Bank Digital Currency
(Mike Maharrey, Money Metals News Service) Several states have taken action over the last two years in an effort to block the implementation of a central bank digital currency (CBDC) in the United States. Indiana was the first state to pass legislation relating to central bank digital currency. Enacted in 2023, the law explicitly excludes…
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Could We See $27,000 Gold?
(Mike Maharrey, Money Metals News Service) Could we see $27,000 gold? That seems far-fetched but financial analyst and investment banker Jim Rickards makes the case that it could happen. Gold charted a big rally in recent months, hitting a new all-time high of over $2,400 an ounce last month. Even with the higher prices, gold…
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Why Is the Mainstream Always Pooh-Poohing Gold?
(Mike Maharrey, Money Metals News Service) According to the mainstream, it’s always time to sell gold. Maybe listening to mainstream talking heads isn’t the best strategy. On March 8, CNBC Fast Money featured TD Securities senior commodity strategist Daniel Ghali arguing that it was time to take profits on gold. That didn’t age well. Gold…
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Judge Sentences FTX Fraudster Bankman-Fried
(Headline USA) Crypto entrepreneur Sam Bankman-Fried was sentenced Thursday to 25 years in prison for a massive fraud on hundreds of thousands of customers that unraveled with the collapse of FTX, once one of the world’s most popular platforms for exchanging digital currency. U.S. District Judge Lewis A. Kaplan delivered a blistering analysis of Bankman-Fried and his…
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Report: Feds Collected Names of Accounts to View Certain YouTube Videos
(Ken Silva, Headline USA) The U.S. government ordered Google to provide it with the names addresses, telephone numbers, user activity and IP addresses of the accounts that watched certain YouTube videos between January 1 and 8, 2023, according to a recent report from Forbes. Citing unsealed court records, Forbes reported Friday that the federal government collected…
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Lakers Unveil Kobe Bryant Statue w/ at Least 4 Typos
(Luis Cornelio, Headline USA) The Los Angeles Lakers came under fire for unveiling a statue dedicated to the late basketball legend Kobe Bryant, with several glaring typos apparent on the monument. The backlash erupted after German basketball journalist André Voigt shared photos showcasing the errors, notably the misspelled names of former professional basketball players José Calderón…
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De-Dollarization Is Not Just a Wild Conspiracy Theory
(Mike Maharrey, Money Metals News Service) What is driving the recent gold rally? As with any bull run, there are many factors — hope that the Federal Reserve is about to get the easy money gravy train back on the track chief among them. However, I have speculated that one of the underlying reasons for…
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Investors Don’t Believe the Gold Rally, Prefer General Stocks
(Mike Gleason, Money Metals News Service) This week investors are witnessing a historic move in gold prices. The precious metal finally broke above a longstanding overhead resistance level to reach new all-time highs. For now, the white metals are playing catch-up to gold, and are certainly taking a backseat to the yellow metal, as its…
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BRICS to Develop Blockchain-Based Payment System to Bypass the Dollar
(Mike Maharrey, Money Metals News Service) In an interview on the Russian news agency TASS, Kremlin aide Yury Ushakov announced that the BRICS nations plan to develop a new payment system based on the blockchain. This sets the stage for further de-dollarization and could further undermine the status of the dollar as the global reserve…
