Economy
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Biden Promises Interest Rate Cut, Violating Federal Reserve Independence
(Ken Silva, Headline USA) As he was ramping up his presidential campaign in December 2019, Joe Biden criticized Donald Trump over his calls for the Federal Reserve to lower interest rates. “The president should not be trying to pressure the Fed,” Biden said in an interview with CNBC’s John Harwood. “That’s supposed to be an independent…
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Biden Slammed for Odd Video Calling on Americans to ‘Wear’ Protection
(Luis Cornelio, Headline USA) President Joe Biden faced backlash on Monday after sharing a video urging Americans not to “be silly” and to “wear protective eyewear” during Monday’s 2024 solar eclipse. Biden’s remarks appeared to be a jab at his 2024 opponent, former President Donald Trump, whose 2017 eclipse-viewing acts went viral. However, critics swiftly reprimanded Biden…
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Here’s One Reason This Gold Bull Run Likely Still Has Legs
(Mike Maharrey, Money Metals News Service) Gold has surged to record highs of over $1,350 per ounce, and there is reason to believe this bull run has plenty of legs left. Gold dipped below $2,000 for the last time in mid-February. Since that time, it has gained nearly 18 percent. But despite the rally, a…
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How Much Economic Growth Can Americans Put on Their Credit Cards?
(Mike Maharrey, Money Metals News Service) After moderating credit card spending in January, American consumers pulled out the plastic yet again in February. Credit card balances surged, driving overall consumer debt up by another $14.1 billion, a 3.4 percent annual increase. Americans now owe $5.05 trillion in consumer debt, according to the latest data from…
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Zimbabwe Gets Gold-Backed Currency But It Won’t Solve the Fundamental Problem
(Mike Maharrey, Money Metals News Service) On Friday, Zimbabwe officials introduced a gold-backed currency in an effort to stabilize the economy. But the root of the country’s problem remains – the government. The ZiG (Zimbabwe gold) will replace the Zimbabwean dollar (RTGS) over the next month. The currency will be a “structured currency” backed primarily…
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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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Media Elite Belittle Inflation Struggles of Ordinary Americans
(Clint Siegner, Money Metals News Service) A top writer for the Wall Street Journal thinks Americans who complain about the economy just aren’t aware of how good things are. Chief Economics Commentator Greg Ip wrote a gaslighting article last week with the headline, “What’s Wrong With the Economy? It’s You, Not the Data.“ The article…
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Trump Doubles Biden’s Infamous $25M Fundraiser with Smash Record $50.5M
(Luis Cornelio, Headline USA) Former President Donald Trump and the Republican National Committee announced that they raised over $50.5 million over the weekend at a Palm Beach dinner. Such a high figure marks the highest fundraising record in history for any political candidate, the RNC declared in a press release published Saturday evening. The achievement of…
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Inflation, COVID-Era Spending Policies Result in Teacher Layoffs Nationwide
(Bethany Bankley, The Center Square) – School districts across the country are laying off teachers, citing high inflationary costs, budget deficits, and federal COVID-era funding running out after receiving windfalls in federal subsidies for three years. The federal COVID-era subsidies were funded through ESSER (Elementary and Secondary School Emergency Relief) grants administered by state education…
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GMA Host Michael Strahan Stunned at Grocery Prices in Biden Era: ‘Wow’
(Luis Cornelio, Headline USA) The impact of Bidenflation has reached the hosts of ABC News’s Good Morning America, as one host was left stunned after learning about the soaring grocery prices. During a Friday segment comparing grocery prices from 2019 to 2024, co-host Michael Strahan appeared visibly shocked as his colleague and ABC News business correspondent,…
