Economy
-
Political and Economic Turmoil Suddenly Surging
(Mike Gleason, Money Metals News Service) As Republicans gathered to nominate Donald Trump for President of the United States, they witnessed another historic event. Gold hit a new all-time high above $2,500 an ounce. The monetary metal made gains following the attempted assassination of the former President and his continued surge in the polls. Even…
-
Corporate Bankruptcies at Highest Level Since Great Recession
(Mike Maharrey, Money Metals News Service) Federal Reserve Chairman Jerome Powell and other Fed officials have started signaling interest rate cuts are coming, but it’s almost certainly too late to rescue a debt-ridden bubble economy addicted to easy money. We’re already seeing the impacts of tighter monetary policy rippling through the economy with corporate bankruptcies…
-
J.D. Vance Appeals to Blue-Collar Americans in First Speech Since Nomination
(Elias Irizarry, Headline USA) Sen. J.D. Vance, R-Ohio, took the stage for the first time since GOP presidential nominee Donald Trump selected him as running mate on Monday during the Republican National Convention in Milwaukee. On Wednesday, he was introduced by his wife, Usha Vance, who proclaimed that she was at a loss when asked to…
-
If You’re Going to Take a Bribe (You Shouldn’t), at Least Get Gold
(Mike Maharrey, Money Metals News Service) At least he accepted bribes that would retain their value. On July 16, a jury convicted Senator Bob Menendez (D-N.J.) on 16 counts, including wire fraud, bribery, and extortion. According to the indictment, the senator and his wife took bribes, including 13 gold bars, from New Jersey businessmen with…
-
Gold Reaches New Heights as Powell Hints at Rate Cuts
In the latest episode of the Money Metals Midweek Memo, host Mike Maharrey delves into the recent surge in gold and silver prices, driven by Federal Reserve Chairman Jerome Powell’s comments and geopolitical events. Maharrey provides an in-depth analysis of the economic landscape, highlighting key factors that have influenced the precious metals market. Gold Soars…
-
Trump Turns Deep Blue States Purple After Assassination Attempt
(Dmytro “Henry” Aleksandrov, Headline USA) Several deep blue states that have been Democrats’ safe political havens for many decades started to turn purple as a result of Joe Biden’s disastrous handling of the economy and the southern border. Since 2008, Democrats have been winning the presidential vote in Virginia and New Mexico. New York and Minnesota have not been…
-
Unprecedented Haitian Influx Overwhelms Ohio City, Igniting Dire Warnings
(Luis Cornelio, Headline USA) Springing, a city in southwestern Ohio, is facing an unprecedented number of newly arrived illegal aliens, most from Haiti, who have strained local resources, Fox News reported on Saturday. Springfield Mayor Rob Rue blamed the Biden administration’s lax immigration policies in an interview on Fox News’s Fox and Friends First. “This border…
-
Nearly Half of Small Businesses Say They Won’t Survive 2nd Biden Term
(Bethany Blankley, The Center Square) Nearly half of 80,000 small businesses surveyed say they won’t survive the current economic climate, ongoing inflation, or another four years of Biden administration policies, according to the survey conducted by RedBalloon and Public Square. Their May Freedom Economy Index found that small businesses “remain in survival mode,” with 40% delaying paying…
-
Take This Great CPI News With a Grain of Salt
(Mike Maharrey, Money Metals News Service) By all accounts, the June Consumer Price Index (CPI) report was great news, but you might want to take it with a grain of salt. This apparent victory over price inflation likely means the Fed will surrender to inflation. This CPI report likely tees up a much-anticipated interest rate…
-
Will Debt Sink the American Empire?
(Peter St. Onge, PhD. Money Metals News Service) “Will Debt Sink the American Empire? So asks the Wall Street Journal, in an uncharacteristically gloomy article for the bull market’s paper of record. They kick off with the problem: America is “cruising” into an uncharted sea of federal debt, with a government seemingly incapable of turning…
