Economy
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Diddy Do It?: Famous Anti-Trump Rapper Arrested amid Federal Sex-Trafficking Probe
(Headline USA) Sean “Diddy” Combs was expected to appear before a federal judge in New York on Tuesday after his indictment on undisclosed criminal charges. The music mogul was arrested late Monday in Manhattan, roughly six months after federal authorities conducting a sex trafficking investigation raided his luxurious homes in Los Angeles and Miami. The…
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Russians Using Gold to Do Business, Skirt Sanctions
(Mike Maharrey, Money Metals News Service) Russian businesses are using gold to pay Chinese suppliers as a way to skirt economic sanctions. According to the Russian website Russia’s Pivot to Asia, Russian businesses are buying physical gold in Russia and then transporting it to Hong Kong via courier. There, the gold is sold, and the…
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American Consumers Spending More, Getting Less
(Mike Maharrey, Money Metals News Service) Retail sales beat expectations in August, rising by 0.1 percent month-on-month. You might assume this means American consumers did better this month than last month. A deeper look into the context of these numbers offers another perspective. The retail sales data only tells us that Americans spent more last…
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TV: Stefan Gleason on ‘Fort Knox West’ and Why Miners Should Hold Gold
(Money Metals News Service) In a recent interview with Charlotte McLeod of Investing News, Stefan Gleason, president and CEO of Money Metals Exchange, shared his insights on key trends in the precious metals market, the company’s latest developments, and the increasing role of gold and silver as economic insurance. Money Metals’ Growth and Expansion Stefan…
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Greg Weldon on Inflation, Debt, and the Rise of BRICS: Insights for Savvy Investors in 2024
(Money Metals News Service) In a recent episode of the Money Metals podcast, host Mike Maharrey interviewed Greg Weldon, founder and CEO of Weldon Financial, to discuss the latest trends in inflation, central bank policy, consumer debt, and the global shift led by BRICS nations. Weldon, a 40-year market veteran, offered insights into how these…
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Nassim Taleb: People Aren’t Seeing the Real De-Dollarization
(Mike Maharrey, Money Metals News Service) It’s not a “black swan” event. In fact, it’s playing out right before our eyes and was entirely predictable. The world is slowly but surely spurning the dollar. But most people haven’t noticed. De-dollarization might seem like a wild conspiracy theory, but it is happening. Countries worldwide are trying…
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Founding Father Edmund Randolph vs. The Federal Reserve
(Mike Maharrey, Money Metals News Service) After Congress passed a bill to establish the first national bank — a forerunner of the modern Federal Reserve — President George Washington asked Attorney General Edmund Randolph to prepare an opinion on the bill’s constitutionality. Randolph came down firmly against the measure, arguing that the Constitution didn’t delegate…
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Don’t Forget About Silver | Headline USA
(Clint Siegner, Money Metals News Service) Silver exploded higher last week, gaining nearly $3/oz (over 10%). Despite the big move, the ratio of the gold price to the silver price is still around 84 to 1. The long-term average for the gold/silver ratio is under 50, but it has been ranging well above that level…
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Mad Biden Berates Foreign Reporter: ‘You Be Quiet When I Speak’
(Luis Cornelio, Headline USA) President Joe Biden threw his pledge of decency out of the window on Sunday when a British reporter asked about Russian threats of a potential war with the U.S. Biden—about to converse with British Prime Minister Keir Starmer—showed no interest in the question and told the reporter to hush. “I say you…
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Unspent COVID Funds to be Returned by End of Year
(Headline USA) For thousands of local governments, the clock is ticking to spend their share of $350 billion in COVID-19 relief funds approved by Congress and Joe Biden in 2021. Governments must obligate all their American Rescue Plan funds for specific projects by the end of this year or else return the rest to the…
