Economy
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Karine Jean-Pierre Admits Kamala Presidency Would Be Same as Biden’s
(Headline USA) White House press secretary Karine Jean–Pierre admitted this week that there would be no difference between an administration run by Vice President Kamala Harris and that of current President Joe Biden. Jean–Pierre emphasized during a press briefing this week that there is “no daylight” between Biden and Harris and that the two are completely…
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Turning Point Challenges Volunteers to ‘Chase’ 100 Ballots Each in Key Swing States
(Dmytro “Henry” Aleksandrov, Headline USA) On Aug. 12, 2024, Turning Point USA founder Charlie Kirk announced Commit 100, an extension of Turning Point Action’s Chase the Vote initiative for the 2024 election, to chase ballots in the battleground states of Arizona and Wisconsin in the effort to elect Donald Trump to a second term, despite…
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Trump Takes Over X: Faces Cyberattack, Draws Millions of Listeners
(Luis Cornelio, Headline USA) Now that’s a comeback. President Donald Trump’s live conversation with Elon Musk captured the spotlight on X, the social media platform formerly known as Twitter. The interview, conducted through X Spaces, lasted over an hour and drew over one million listers, with views surpassing surpassing 1 billion. pic.twitter.com/cPUMFx9Qu5 — Elon Musk (@elonmusk)…
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Surging Silver Demand Could Deplete Global Inventories as Early as Next Year
(Mike Maharrey, Money Metals News Service) Rapidly increasing industrial and military demand for silver could deplete global inventories by as early as next year. Silver demand has outstripped supply for three straight years and the Silver Institute projects another market deficit this year. In 2023, the silver market charted a structural deficit of 184.3 million…
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Gold Revaluation Is Far More Democratic Money Creation than Platinum Coins
(Chris Powell, Money Metals News Service) This week, the brilliant journalist and financial analyst Mike Maharrey of Money Metals revisited the recent dream of inflationists… …to increase the U.S. money supply by means of the U.S. government’s creation of one or two platinum coins with trillion-dollar denominations. The idea would have the U.S. Treasury Department…
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Another Month, Another Massive Biden Budget Deficit
(Mike Maharrey, Money Metals News Service) A couple of weeks ago, the national debt blew past $35 trillion. There were a few articles bemoaning the ballooning debt, but no substantive calls to rein it in. Meanwhile, the Biden administration continues to spend America into oblivion. The July deficit came in at $243.7 billion, according to…
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Kamala Harris Plagiarizes Trump’s ‘No Tax on Tips’ Policy, Reversing Her Own Policy
(Elias Irizarry, Headline USA) Vice President Kamala Harris and Minnesota Governor Tim Walz held a rally in Las Vegas on Saturday marking their first appearance in the state of Nevada, additionally announcing their first policy initiative. Harris declared that, if elected, she would “eliminate taxes on tips for service and hospitality workers.” However, the concept…
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Everyday Economics: Will Retail Sales, Housing Starts Alleviate Growth Concerns?
(Orphe Divounguy, The Center Square) A higher-than-expected increase in the unemployment rate caused significant panic last week. However, data from the Institute for Supply Management indicated that the services sector expanded in July, while the commerce department data showed initial jobless claims fell. The stock market also made a modest recovery, partially erasing some of…
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Gold ETFs Globally Add Gold for Third Straight Month
(Mike Maharrey, Money Metals News Service) Gold ETFs charted their strongest month since April 2022 in July. Globally, ETFs added 48.5 tons of gold to their holdings last month, with funds in every region reporting increases. A combination of gold inflows and a 4 percent increase in the price of gold drove a 6 percent…
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Republicans Defend Unlikely Stronghold in Long Island as Dems Try to Regain House Majority
(Headline USA) It’s a 2024 election battleground where millions of dollars are being spent and big names in American politics are popping up. But it’s not in the Rust Belt. And it isn’t Georgia or Nevada, either. It’s Long Island, a suburban stretch east of New York City, home to some 3 million people who…
