Personal Finance
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Stocks Get Slammed on Bad Economic News, Gold Remains Buoyant
(Mike Gleason, Money Metals News Service) As the national debt soars to yet another new milestone, gold prices are ascending toward a new record of their own. The official debt held by the public has just ticked past the $35 trillion mark. Of course, with all the billions and trillions being spent by the government…
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Intel Plans to Cut 15K Jobs, Despite Taking Nearly $20B in Biden Bucks
(Headline USA) Chipmaker Intel says it is cutting 15% of its huge workforce—about 15,000 jobs—as it tries to turn its business around to compete with more successful rivals like Nvidia and AMD. In a memo to staff, Intel Corp. CEO Pat Gelsinger said Thursday the company plans to save $10 billion in 2025. “Simply put,…
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SELLERS: Kamala Revealed to Be 380-Pound Black Man from Mississippi
(Ben Sellers, Headline USA) Although Vice President Kamala Harris may mispronounce the name, it is a well-known fact that there is only one true “Kamala” Harris. That would be James Arthur Harris—the 6-foot-7, 380-pound professional wrestler, who sadly passed away in 2020 at the age of 70, just months before his namesake imitator was elevated…
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Boeing Names New CEO after Posting Loss of More than $1.4B in Q2
(Headline USA) Boeing named a longtime aerospace industry veteran Wednesday as its next chief executive, who will take over a company rocked by legal, regulatory and production problems and mounting financial repercussions. Robert “Kelly” Ortberg, a former CEO at Boeing supplier Rockwell Collins, will succeed David Calhoun as CEO and president effective Aug. 8, the…
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Federal Reserve Poised to Surrender to Inflation
(Mike Maharrey, Money Metals News Service) The Federal Reserve unfurled the white flag during the July FOMC meeting and set the stage to surrender to inflation. That may seem like an odd way to frame the messaging that came out of the most recent Fed meeting, but surrender is exactly what Powell & Company are…
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Money Metals Midweek Memo: Market Insights and Economic Commentary
(Money Metals News Service) In the latest episode of the Money Metals Midweek Memo, host Mike Maharrey offers an in-depth look at the economy, emphasizing the importance of understanding the underlying factors that drive market trends and economic conditions. Maharrey draws an analogy to football, suggesting that just as casual fans may miss crucial plays…
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The Fed Balance Sheet May Be a Side Show But It’s Worth Watching
(Mike Maharrey, Money Metals News Service) Did you know the Fed has already loosened monetary policy? While everybody focuses on the prospect of a Federal Reserve interest rate cut and salivates in the hope of easier money, most people completely ignore the other prong of central bank monetary policy – the Fed balance sheet. As…
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CIA Denies Trump Shooter Was MKUltra Victim
(Ken Silva, Headline USA) As conspiracy theories about the July 13 Trump assassination attempt continue to percolate, the CIA has taken the rare step of publicly responding to one of them—denying that the shooter, Thomas Crooks, was a victim of its mind control program. “These claims are utterly false, absurd, and damaging,” a CIA spokesperson…
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Are Government Statistics Concealing the Truth About the Economy?
(Clint Siegner, Money Metals News Service) Americans are questioning all sorts of government functions these days. For example, the majority of people, according to polls, have doubts as to whether U.S. elections are free and fair. Some believe the federal justice system has been weaponized and used against those in political opposition. As of two…
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Volker vs. Voldemort: ‘Hermione’ Lookalike Gets Kid-Friendly Lesson in Inflation
(Mike Maharrey, Money Metals News Service) If you listen to politicians and pundits, you might think price inflation isn’t so bad. If you have to buy stuff out there in the in the real world, you know better. Heck, price inflation is so bad, even kids realize something is wrong. @karislambert Cost of living really…
