To Keep Prices Low, California Will Raise Prices
To Keep Prices Low, California Will Raise Prices Via SchiffGold.com, California Governor Gavin Newsom signed a bill this week that could force local refineries to stockpile fuel, a move he believes will smooth long-term gasoline prices. “Price spikes have cost Californians billions of dollars over the years, and we’re not waiting around for the industry […]
Sam’s Club’s CTO Reportedly Exiting Over Walmart Relocation Policy To Arkansas
Sam’s Club’s CTO Reportedly Exiting Over Walmart Relocation Policy To Arkansas Cheryl Ainoa, the Chief Technology Officer of Walmart-owned Sam’s Club, is reportedly leaving the company over a new relocation policy that would shift her from the West Coast to Arkansas. A memo from Walmart Chief Technology Officer and Chief Development Officer Suresh Kumar, which Bloomberg first obtained, specifies a new relocation policy […]
Key Events This Week: PMIs, Durables, Fed Speakers And Earnings Galore
Key Events This Week: PMIs, Durables, Fed Speakers And Earnings Galore In his preview of the next few days, DB’s Jim Reid has some good news for those who feel like it’s already Friday: “It doesn’t feel like its going to be the most exciting week ahead of us” although with earnings season now in […]
China Slashes Lending Rates in Bold Move to Boost Economy
In an effort to stimulate economic growth, China has implemented a 25 basis point cut to its benchmark lending rates. The one-year and five-year loan prime rates have been reduced to 3.10% and 3.6% respectively, as part of a series of aggressive stimulus measures that include support for the struggling property sector and efforts to […]
Spirit Air Squeezes Higher On Key Debt Deadline Extension & Cash Boost, Averting Bankruptcy
Spirit Air Squeezes Higher On Key Debt Deadline Extension & Cash Boost, Averting Bankruptcy Shares of Spirit Airlines soared in premarket trading in New York after the carrier reached an agreement with the US Bank National Association to extend a debt-refinancing deadline to the end of 2024. The budget carrier also drained a revolving credit facility for hundreds of […]
Bitcoin Is A Lot More Than Digital Gold: A Rebuttal To The ECB’s Crypto-Critical Research Paper
Bitcoin Is A Lot More Than Digital Gold: A Rebuttal To The ECB’s Crypto-Critical Research Paper Authored by Omid Malekan, Bitcoin Has Plenty Of Utility My co-author Ulrich Bindseil and his ECB colleague Jürgen Schaaf have written an intriguing paper on the distributional consequences of Bitcoin should it continue to appreciate in value. I disagree with their […]
Gold's Surge: A Warning Sign for Western Economic Dominance
The recent surge in gold prices, reaching record highs despite fluctuations in traditional influencing factors, signals a significant shift in global economic dynamics. This trend reflects growing interest from China and other countries in diversifying away from dollar dominance, exploring alternative payment systems, and responding to perceived inconsistencies in US global leadership. The west should […]
Gold Breaks $2,700 Barrier, Silver at 12-Year High in Market Rally
Gold and silver prices have surged to new record highs amid growing global uncertainties and increasing demand for safe-haven assets. Gold reached an all-time high of $2,736.86 per ounce, driven by factors such as the upcoming U.S. presidential election, ongoing Middle East tensions, and expectations of interest rate cuts by central banks. Silver also hit […]
60 Minutes Defends ‘Deceitful’ Edit Of Kamala Interview, Still Won’t Release Transcript
60 Minutes Defends ‘Deceitful’ Edit Of Kamala Interview, Still Won’t Release Transcript 60 Minutes has released a defensive statement after being caught deceptively editing their interview with Vice President Kamala Harris in order to make her appear intelligent. Remember Kamala’s word salad answer about Israel on 60 Minutes? It’s gone. This is what many Americans […]
Gold, Kamala, Trump, Control, Cash, Murder, & Water…
Gold, Kamala, Trump, Control, Cash, Murder, & Water… Via Greg Hunter’s USAWatchdog.com, Catherine Austin Fitts (CAF), Publisher of The Solari Report, financial expert and former Assistant Secretary of Housing (Bush 41 Admin.), gives her take on gold, Kamala, Trump, control, cash, murder and water. On gold’s rocket rise, CAF says, “Gold is very important…” “We divide […]