Economy
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Biden-Harris Busted Using Secret Rule to ‘Trump-Proof’ DOJ
(Luis Cornelio, Headline USA) The Biden-Harris administration appears to have intensified its efforts to block a potential return by President Donald Trump to the White House, according to a report from the Daily Caller on Tuesday. The current administration has resorted to using a “Schedule A” hiring rule to staff DOJ offices with individuals who may be…
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Paper Money Isn’t a Fix for Central Bank Digital Currency (CBDC)
(Mike Maharrey, Money Metals News Service) There has been quite a bit of pushback against governments and central banks around the world as they seek to introduce central bank digital currencies. But in the scramble to block CBDCs, some people seem to have forgotten that there is a more fundamental problem: government-issued paper fiat is…
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Contagious in Chicago: Diseased Dems Spread More than Just BS at National Convention
(Molly Bruns, Headline USA) Multiple attendees of the Democratic National Convention reported contracting COVID-19, despite taking measures such as masking and vaccination, according to the New York Post. Responses from Democrats who contracted the virus ranged from prideful posting of COVID tests to rage at the DNC for taking no measures against the spread of the…
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India’s Silver Imports Could Double, Largely from Solar Demand
(Jon Forrest Little, Money Metals News Service) The global economic landscape has undergone a seismic shift over the past few decades, with the outsourcing of jobs from the United States to India playing a pivotal role. This transformation has had far-reaching consequences for both nations, reshaping their economies and societies in profound ways. In the…
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Fed Chair Powell Sends Clear Signal that More Inflation Is in the Pipeline
(Mike Maharrey, Money Metals News Service) Federal Reserve Chairman Jerome Powell gave the clearest indication yet that more inflation is in the pipeline during his Jackson Hole Speech on Friday. Powell indicated rate cuts are on the horizon, saying, “The time has come for policy to adjust, adding that “the direction of travel is clear.” …
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National Bank of Poland Was the Biggest Central Bank Gold Buyer in Q2
(Mike Maharrey, Money Metals News Service) The National Bank of Poland was the biggest central bank gold buyer in the second quarter. A Euronews report speculated that the country is “preparing for the worst.” The Polish central bank added 19 tons of gold to its reserves in Q2. According to the Euronews report, the buying…
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Three Years After Withdrawal, Taliban Rules Afghanistan
(Casey Harper, The Center Square) This week will mark the three-year anniversary of President Joe Biden’s chaotic and deadly withdrawal of U.S. troops from Afghanistan. Biden committed on the campaign trail to withdraw U.S. troops, a move supported by his predecessor Donald Trump, but the process left 13 U.S. service members killed and the country…
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Biden Admin Imposes New Sanctions on Firms Linked to Russia’s War Effort
(Headline USA) The Biden administration imposed sweeping sanctions Friday on hundreds of firms in Russia and across Europe, Asia and the Middle East, accusing them of providing products and services that enable Russia’s war effort and aiding its ability to evade sanctions. Among those sanctioned by the Treasury Department were 60 Russian-based technology and defense companies,…
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Abbott Blasts Harris as California Liberal Extremist
(Bethany Blankley, The Center Square) Texas Gov. Greg Abbott blasted Vice President Kamala Harris as the Democratic presidential nominee saying she is a California liberal and extremist. Harris was officially nominated as the Democratic presidential nominee at the Democratic National Convention Thursday night. While attacking her opponent, former President Donald Trump, and Republicans who support…
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Consumer Stress Levels Spiked in July Despite Rosy Economic Forecasts
(Mike Maharrey, Money Metals News Service) For a brief moment after the July jobs data came out worse than expected, everybody suddenly worried that the U.S. economy was heading toward a recession. That lasted about two days. Now, the soft landing narrative is back in play, according to mainstream pundits and government officials. Normal, everyday…
