Economy
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Central Banks Fuel Gold Rally While Western Investors Sit Out
(Mike Gleason, Money Metals News Service) As trading wraps up for the month of August, the gold market is set to record its highest-ever monthly closing price. Gold defied expectations, in some circles, of a summer slump. The question seems to be how high the monetary metal will go heading into the fall. Metals markets…
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I’m Not Impressed! Fed Balance Sheet Reduction in Context
(Mike Maharrey, Money Metals News Service) I ran across a post on X by financial planner Charlie Bilello about the trajectory of the Federal Reserve balance sheet. It pointed out that the balance sheet is 20 percent below its April 2022 peak, “the largest drawdown on record.” This struck me as a very odd flex,…
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Understanding the Global Precious Metals Market: Insights from Philip Newman, Managing Director of Metals Focus
(Money Metals News Service) In a recent episode of the Money Metals podcast, host Mike Maharrey sat down with Philip Newman, Managing Director of Metals Focus, to delve into the current state of the global precious metals market. Newman, with nearly three decades of experience in the field, provided a detailed overview of market trends,…
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REPORT: Kamala Harris’s Past Resumes Include No Mention of McDonald’s Job
(Headline USA) Vice President Kamala Harris has claimed multiple times since launching her presidential campaign that one of her earliest jobs was at McDonald’s. However, that job title is missing from a job application and resume she submitted in college, according to the Washington Free Beacon. Some accused the latest scandal of being another example of…
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Media Condemn This Trump Post, Ignore Dems’ Vulgarity Toward Him, Vance
Editor’s Note: This article includes quotes with sexual language that some readers may find offensive. (Luis Cornelio, Headline USA) Despite turning a blind eye to sexual jokes aimed at Sen. JD Vance, some leftist media outlets clutched their pearls over Truth Social post by President Donald Trump. The post, allegedly shared on Wednesday, targeted Vice President…
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Jen Psaki and Don Lemon Peeved that Black Voters Support Trump
(Headline USA) MSNBC host Jen Psaki appeared shocked this week when former CNN host Don Lemon told her many black voters he’s talked to said they plan to back former President Donald Trump in November, Mediaite reported. Psaki, who previously served as President Joe Biden’s press secretary, asked Lemon about his recent interviews with voters in…
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No Kamala! Inflation Isn’t Because of ‘Record’ Grocery Store Profits
(Mike Maharrey, Money Metals News Service) Kamala Harris blames grocery store profits for price inflation. She has even floated a plan to prohibit food “price gouging” that sounds a lot like price controls. You have to give Harris credit for smart politicking. The “greedy corporations” trope plays well with a lot of Americans. In fact,…
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From Price Controls to Mass Starvation
(Peter St. Onge, Money Metals News Service) From taxes to spending, Kamala is the most left-wing major party candidate since George McGovern — who proposed a Universal Basic Income in 1972 and went on to win a single state. But her most hare-brained scheme — so far — has been price controls, where she’s to…
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Slow Cooking in a Microwave World: Understanding Inflation and Economic Trends
(Money Metals News Service) In the latest episode of the Money Metals Midweek Memo, host Mike Maharrey dives deep into the recurring economic themes that dominate the news cycle. Maharrey begins by acknowledging a feeling many listeners may share: a sense of repetition in the content. However, he stresses the importance of understanding that while…
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Kamala Flip-Flops on Biden-Harris Admin’s Electric Vehicle Mandates
(Headline USA) Vice President Kamala Harris’s campaign flipped on yet another policy this week, insisting that the newly anointed Democratic nominee for president never supported electric vehicle mandate—despite the Biden administration releasing rules last year requiring car companies to phase out the production of traditional gas-powered vehicles. In a “fact check” email, Harris campaign rapid response…
