Japan is offloading billions of dollars in US Treasuries as it fights to prop up its currency. New numbers from the US Treasury Department show Japan sold $22 billion in Treasury securities in May, reducing its holdings to $1.1283 trillion. The move marks the second month in a row that...

Japan Dumps $22,000,000,000 in US Treasuries in One Month As Government Mounts Billion-Dollar Battle To Prop Up Currency

As the richest nation and the world’s largest economy, it is hardly a surprise that the United States holds the most gold. What is surprising is where the gold isn’t: the United States Federal Reserve, known colloquially as the central bank. Mainstream media dutifully reports that the American...

What Happened to the Fed’s Gold?

This week, the brilliant journalist and financial analyst Mike Maharrey of Money Metals revisited the recent dream of inflationists... ...to increase the U.S. money supply by means of the U.S. government's creation of one or two platinum coins with trillion-dollar denominations. The idea would have the U.S. Treasury Department mint...

Gold Revaluation Is a More Responsible Money Creation Method

Reuters

NEW YORK (Reuters) - The dollar held gains against the euro on Thursday, pulling the European common currency back from a seven-month peak, after U.S. economic data eased fears of a recession risk and dampened expectations for aggressive interest-rate cuts.

Dollar holds gains on reassuring data, euro slips

Money-supply growth rose year over year in June for the second month in a row. This is the first time the money supply has grown for two months in a row since October of 2022. The current trend in money-supply growth suggests a significant turnaround from more than a year of historically large contractions in the money supply that occurred throughout much of 2023 and 2024. As of June, the money supply appears to be, for now, in a period of stabilization.

Money-Supply Growth Accelerates as Wall Street Demands Even More Easy Money

Colorado State

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David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

Several days of mostly quiet price action came to a fast end during U.S. trading hours Thursday afternoon, with cryptocurrencies suddenly plunging and sending bitcoin (BTC) to its weakest level since just after the early August market panic. At press time, bitcoin was changing hands at $57,700, down nearly 3%...

Bitcoin Tumbles Back Under $58K as Crypto Quickly Crumbles Thursday Afternoon

CBS News

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  After a brief stabilization period, gold's record-breaking year is back. In March, gold prices hit an all-time high of $2,160 per ounce and then repeated the feat in April, surpassing the $2,259 mark for another milestone achievement. The price of gold then soared to $2,435 on May 20, before adjusting to spot prices around $2,300 in June. But then, just when it appeared that gold's price had stabilized, it jumped to $2,493 on July 17, its latest record-setting price in 2024....

When will gold prices hit $3,000 per ounce? Here's what experts think

Las Vegas, NV

Bellingham Metro News

LAS VEGAS, NEVADA - A magnitude 4.4 earthquake struck areas near Las Vegas on Tuesday night, according to the United States Geological Service (USGS). The quake, which occurred at 8:06 p.m., was centered approximately 45 minutes from Las Vegas, near Indian Springs.

Magnitude 4.4 Earthquake Shakes Areas Near Las Vegas

Florida State

Jacksonville Today

Republican Donald Trump has a 7-point lead over Democrat Kamala Harris among Florida voters, 49% to 42%, according to a new poll from the University of North Florida. Four percent are backing another candidate, and 6% are undecided or didn’t answer.

New Florida poll: Trump leads; support strong for abortion and recreational weed

The Center Square

(The Center Square) – The U.S. Treasury Department released its monthly fiscal update showing the federal deficit so far this fiscal year has already hit $1.5 trillion.
                The federal data comes just days after the national debt surpassed $35 trillion, an unprecedented figure that worries economists and budget analysts.
                For now, though, neither Republicans nor Democrats have prioritized getting the deficit under control or showed unity in putting a plan...

Critics: Where's debt plan as deficit hits $1.5 trillion, debt tops $35 trillion?

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The Lens

This year’s area of low oxygen in the Gulf of Mexico is larger than average, the National Oceanic and Atmospheric Administration (NOAA) announced on Thursday. The “dead zone” is approximately 6,705 square miles , as measured last week. Within NOAA’s 38 years of measuring the dead zone, this year’s assessment marks the 12th-largest area of low to no oxygen, which can kill fish and marine life.

Gulf ‘dead zone’ larger than average, larger than expected for 2024, scientists announce

Despite several abrupt recent selloffs, the gold price is back above $2,500 as its stunning year continues. Although perhaps what's even more amazing is that gold is above $2,500, and the Fed's rate cuts still haven't even begun yet. However we're continuing to see signs of institutional money starting to...

Gold's Back Over $2,500 As Money Starts Going Back Into ETFs

Denver, CO

No, pallet shelters for people experiencing homelessness don’t fold into caskets. It’s a question a reader posed one of the first times I wrote about pallet shelters. I find the pallet shelters to be more palatable than ice fishing tents. The Colorado Village Collaborative operates both micro-communities and the so-called Safe Outdoor Spaces with the tents. We all learned the tents are not safe when a fire roared through a CVC Safe Outdoor Space, destroying the compound quickly. Officials never disclosed a cause of the fire.

Opinion: No, pallet shelters for homeless in Denver, Aurora don’t fold into caskets

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  The price of gold has hit several new record highs so far this year. The upward trend began in March 2024, with the price of gold climbing to $2,160 per troy ounce. Gold's value has hit a few more big milestones since that point, including another all-time high of $2,472.46 per ounce last month. While the price has moderated a bit since that point  — the current price of gold (as of August 12, 2024) is $2,441 per ounce...

Gold price forecast for fall 2024: Here's what experts expect

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  The price of gold has been on a remarkable upward trajectory in recent months, shattering numerous price records and attracting the attention of investors across the globe. The trend started early in the year, with gold hitting its first record price of 2024 on March 8. Then, on April 1, gold's price climbed to another new high, only to be eclipsed again in late May.The precious metal's price ascent didn't end there, either. Gold's price ascent continued, with the...

Gold's price surpasses $2,500 an ounce: 4 moves to make now

Kentucky State

Northern Kentucky Tribune

Major changes to how real estate transactions are conducted are set to take affect this month that will effect how both sellers, and buyers, compensate their agents. On March 15, the National Association of Realtors (NAR) settled a lawsuit brought by home sellers regarding how broker commissions were handled. As a result of that settlement, the NAR will remove agent compensation amounts from Multiple Listing Services, provide detailed compensation information to buyers and sellers and attain a written agreement outlining that compensation structure.

Broker commissions on real estate transactions will look a lot different starting August 17

Jacksonville, FL

A historic marker could be erected to honor the victims of the racist mass shooting at the Dollar General store in Jacksonville’s New Town neighborhood nearly a year ago. If approved by the Jacksonville City Council, a marker would be installed at Kings Road and Canal Street on Aug. 25, a day before the first anniversary of the shooting, when a white gunman took the lives of three Black people.

Memorial considered to honor Dollar General victims

U.S. industrial production fell sharply in July, the Federal Reserve said Thursday, pointing to a larger-than-expected impact from Hurricane Beryl. The news is likely to add to calls for the Fed to cut its key lending rate from a two-decade high next month as its long-running campaign against inflation continues to percolate through to the broader economy.

US Industrial Production Contracts Sharply in July

In this week's edition of the Money Metals Midweek Memo, host Mike Maharrey tackled what he described as three of the "dumbest" ideas currently floating around in the realm of economics, all while battling a cold. Despite his illness, Maharrey made a compelling case against the misconceptions surrounding gold, the...

The Dumbest Ideas in Economics and Why Sound Money Still Matters

NewsBreak

The U.S. Is Ready With a Gold Revaluation Mechanism Too

In an interview this week with Mark Moss of Market Disruptors that is posted at YouTube, Luke Gromen of the Forest for the Trees financial letter...

The U.S. Is Ready With a Gold Revaluation Mechanism Too

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