Podcasts about us mint

Produces circulating coinage for the United States

  • 122PODCASTS
  • 174EPISODES
  • 35mAVG DURATION
  • 1WEEKLY EPISODE
  • Nov 17, 2025LATEST
us mint

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Best podcasts about us mint

Latest podcast episodes about us mint

The Morning Review with Lester Kiewit Podcast
Barbs Wire: Pennies worth millions, Google's Skills rollout, and United Airlines fights the 'no-window window seat' case.

The Morning Review with Lester Kiewit Podcast

Play Episode Listen Later Nov 17, 2025 9:32 Transcription Available


Digital Content Editor, Barbara Friedman, shared her top three stories trending online. Views and News with Clarence Ford is the mid-morning show on CapeTalk. This 3-hour long programme shares and reflects a broad array of perspectives. It is inspirational, passionate and positive. Host Clarence Ford’s gentle curiosity and dapper demeanour leave listeners feeling motivated and empowered. Known for his love of jazz and golf, Clarrie covers a range of themes including relationships, heritage and philosophy. Popular segments include Barbs’ Wire at 9:30am (Mon-Thurs) and The Naked Scientist at 9:30 on Fridays. Thank you for listening to a podcast from Views & News with Clarence Ford Listen live on Primedia+ weekdays between 09:00 and 12:00 (SA Time) to Views and News with Clarence Ford broadcast on CapeTalk https://buff.ly/NnFM3Nk For more from the show go to https://buff.ly/erjiQj2 or find all the catch-up podcasts here https://buff.ly/BdpaXRn Subscribe to the CapeTalk Daily and Weekly Newsletters https://buff.ly/sbvVZD5 Follow us on social media: CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/CapeTalk CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567See omnystudio.com/listener for privacy information.

Jason & Alexis
11/13 THURS HR 2: SJP's Purse Trend, Pennies & Palm Royale

Jason & Alexis

Play Episode Listen Later Nov 14, 2025 38:20


What do we think of SJP's Purse trend? The US Mint says Buh-Bye to Pennies and we re-cap Palm RoyaleSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

As Goes Wisconsin
A Nickel For Your Thoughts? (Hour 2)

As Goes Wisconsin

Play Episode Listen Later Nov 14, 2025 41:35


In the second hour, we're talking to Civic Media's Political Editor Dan Shafer in this land of recombobulation and it's time to talk about the Chicago Raid from ICE. For Audio Sorbet, we'd like to get your thoughts, but we won't have pennies to give as The US Mint will no longer be producing them...it was a good 200 year run. And we're gonna finish up the week with a heapin' helpin' of This Shouldn't Be A Thing - This Bud's For You Edition. As always, thank you for listening, texting and calling, we couldn't do this without you! Don't forget to download the free Civic Media app and take us wherever you are in the world! Matenaer On Air is a part of the Civic Media radio network and airs weekday mornings from 9-11 across the state. Subscribe to the podcast to be sure not to miss out on a single episode! You can also rate us on your podcast distribution center of choice. It goes a long way! Guest: Dan Shafer

The Morning Agenda
Fetterman falls. RGGI meets its fate. And Chester County investigates Election Day snafu.

The Morning Agenda

Play Episode Listen Later Nov 14, 2025 9:15


U.S. Sen. John Fetterman of Pennsylvania remains in a Pittsburgh hospital after a heart episode caused him to fall and injure his head on Thursday. After a 135-day budget stalemate, Pennsylvania finally has a budget. It's an agreement born of compromise, including the state withdrawing from a multi-state compact whose goal was to limit the emission of fossil fuels. Pennsylvania’s new state budget is bringing relief to nonprofits and social-service agencies after a months-long impasse put many on the brink. For more than four months, organizations providing homelessness, mental health, and addiction services operated without state payments. That led to some cutting programs or relying on emergency credit to make payroll. An Election Day poll book error left out third-party voters in Chester County and forced thousands to cast provisional ballots. The Chester County Board of Elections has established a timeline on its investigation. Health officials in Philadelphia are warning recent air travelers about a possible measles exposure earlier this week. The Pennsylvania Turnpike Commission is teaming up with the state Attorney General to go after motorists who fail to pay tolls on the Turnpike. A new report shows the US Open golf championship held near Pittsburgh in June generated nearly $290 million for Pennsylvania's economy. It's the end of an era, as the U.S. Mint has officially ended production of the penny. The last of the one cent coins were struck Wednesday at the US Mint in Philadelphia, where the country’s smallest denomination coins have been produced since 1793, a year after Congress passed the Coinage Act. Support WITF: https://www.witf.org/support/give-now/See omnystudio.com/listener for privacy information.

The Ochelli Effect
Ochelli Effect 11-13-2025 SNAFU NEWS

The Ochelli Effect

Play Episode Listen Later Nov 14, 2025 38:26 Transcription Available


The Ochelli Effect 11-13-2025 SNAFU NEWSUnplug and Play?Another attempt to reveal truth to people that really do not want itBefore presenting things on here I go beyond headlines and spin. What is that you might ask? Well, I examine and research incidents and events as told by a diverse group of sites online mostly, and after gathering what I think may be the alleged facts portrayed by Left, Right, and some niche variations on the event or incident I seek independent verification and corroboration about the representations, allegations and reporting that is often condensed and bias to such a degree that the obvious agenda to insight reactions from targeted potential audiences and create misleading narratives or distortion of reality and fabrication of narratives is the only obvious business model that I find most often undeniable. The above mentioned process along with and frankly generated by , making phone calls to involved agencies, reading legislation or other documents often given citations in the due course of reporting by others, and fact checking with neutral parties and reliable reference resources along with a handful of trade secrets is the minimum of what I do when analyzing and reporting on The Ochelli Effect.  A wide range of results are gathered over anywhere from 8 to 12 hours of work investigating the claims and varsity of multiple narratives that often boil down to 3 to 6 sections on a one hour long podcast that I present with 10% of the resource links offered in show notes that were actually utilized to simply give you the listener step 1 of maybe 20 steps taken in a personal investigation uniquely cultivated by the host speaker that actually cares about representing something meaningful to you in your search for real information and Truth with some mockery of issues that seem worthy of it and a joke or two as that has been requested by listeners recently. Am I biased? Yes. My bias is based on the desire to eliminate the pre-packaged talking points of those who only seek to influence your outrage and fear for profit from your information and news feeds as best I am able to. This is not a popular thing to do and if you are a listener to the Ochelli Effect for any length of time the only thing you are actually guaranteed is discomfort. Because we are all subject to the programing attempts to manipulate our reactions and full spectrum views of the world around us through carefully engineered means on a constant timeline. Though I am subject to the same algorithm driven targeted attempts to twist my reality I constantly rive to do the one thing it seems hardly any other independent media creator has any interest in doing. That one thing is to think for myself and examine the truest real events and newsworthy incidents honestly and clearly. This is what my wish is for any listener I have, regarding history, current events, and the illusions presented by millions of other podcasts and content creators should be heard and viewed by TOE listeners with a clarity not found elsewhere that is REAL. Think for yourselves , TRULY. See facts and reality, NOT SPIN. All the above is lightly sprinkled with some opinions but not driven by them.If I have time I might release a partial replay of the 11-7-25 call-in show where a time-wasting energy sucking argument between myself and 1 caller started as a friendly chat and devolved into unlistenable noise that illustrates perfectly that I am offering a product that may simply no longer have a place. As the Friday Night Show continues to destroy my efforts, It makes me believe that I may not have the time to wait out the current political and social trends that require siding with pre-approved propaganda without fail or suffer the consequences.I haven't Changed much, but I have learned many things so my base of knowledge has evolved.If you don't want that, Sorry, I don't know how to be any other way.Chuck---POINTS OF INTEREST : CAUSE AND EFFECT : IF YOU MISSED ITJFK's grandson, Jack Schlossberg, announces 2026 run for Nadler's seat in Congresshttps://abcnews.go.com/Politics/jfks-grandson-jack-schlossberg-announces-2026-run-nadlers/story?id=127440606Food-snatching seagulls are more likely to leave you alone if you shout at them, researchers sayhttps://apnews.com/article/shouting-scares-seagulls-eating-food-study-3893363e30db5f99462526a168fe0555?Israel's longest war is leaving a trail of traumatized soldiers, with suicides also on the risehttps://apnews.com/article/israel-soldiers-mental-health-suicide-gaza-war-d4f3b7a26c9ce0bce861c090afb101ea?Trump Canceled 94 Million Pounds of Food Aid. Here's What Never Arrived.https://projects.propublica.org/trump-food-cuts/US Mint presses final pennies as production ends after more than 230 yearshttps://apnews.com/article/us-mint-treasury-department-penny-end-production-86139df5644ef0885a9baf98e9677380?Kryptos' final code remains unsolved. The CIA sculpture's creator is auctioning the solutionhttps://apnews.com/article/kryptos-jim-sanborn-auction-cia-650c1253d6a96591f29b88a20299c430?Most Women Are On Crazy Pills, And It's Bad For Everyonehttps://thefederalist.com/2025/11/13/most-women-are-on-crazy-pills-and-its-bad-for-everyone/T3 things slipped into the funding bill to end the federal government shutdownFetterman hospitalized after fall near his Pennsylvania homehttps://www.cbsnews.com/news/fetterman-hospitalized-over-fall-near-his-pennsylvania-home/?utm_source=firefox-newtab-en-us3 things slipped into the funding bill to end the federal government shutdownhttps://youtu.be/E6KXnCssXhY?si=YIv9LODn8K9QvKgqOchelli Says: Are all your annoying ads for AI products? Mine are.---MANY WAYS TO PAY TRIBUTE TO THE BRANDAre You Gaslighting Yourself? Here's How to Tellhttps://time.com/7331769/gaslighting-myself-mental-health/?utm_source=firefox-newtab-en-usDrug Dealer Granted Clemency by Trump Sent Back to Prison After Accusations of Molesting His Kids' Nanny, Assaulting Toddlerhttps://people.com/drug-dealer-trump-clemency-back-to-prison-violating-supervised-release-jonathan-braun-11847500 With a Trump pardon in hand, Stewart Rhodes says he's ‘rebuilding' the Oath Keepershttps://www.msnbc.com/rachel-maddow-show/maddowblog/trump-pardon-hand-stewart-rhodes-says-s-rebuilding-oath-keepers-rcna243280Melania Trump's Mysterious Amazon Documentary: What We Knowhttps://nymag.com/intelligencer/article/melania-trump-documentary-amazon.html Trump asks Israeli president to 'fully pardon' Netanyahu in corruption trialhttps://news.sky.com/story/trump-asks-israeli-president-to-fully-pardon-netanyahu-in-corruption-trial-13469073Ochelli Says: Guess what, the SNAP Benefits and stalling food for Americans is really about changes in the rules.That in mind, will any of you notice that this was northing more than reorganization and prep for the next phase of the one party plan?Will you remember this for the well timed 2026 shutdown?Is this thing on???---EPSTEIN EPSTEIN IS ANYBODY TALKING ABOUT THIS GUY ANYMORE?Speaker Johnson: "We believe the long national nightmare will be over tonight.https://www.youtube.com/watch?v=YKRVlPZvzVcTrump ‘spent hours' with victim at Epstein's house, email allegeshttps://www.aljazeera.com/news/2025/11/12/trump-spent-hours-with-victim-at-epsteins-house-email-alleges Jeffrey Epstein, in newly released email, says Trump ‘knew about the girls'https://www.politico.com/news/2025/11/12/jeffrey-epstein-donald-trump-emails-00647447 Read Jeffrey Epstein's newly released emails about Trumphttps://www.pbs.org/newshour/politics/read-jeffrey-epsteins-newly-released-emails-about-trump https://didtrumpgolftoday.com/Bipartisan duo expects to secure signatures Wednesday to force a vote to release Epstein fileshttps://www.nbcnews.com/politics/congress/bipartisan-duo-expects-signatures-wednesday-force-vote-release-epstein-rcna231405What The Latest Epstein Files Say About Bill Clintonhttps://www.youtube.com/watch?v=7JkHwkF1W5AOchelli Says: This is the distraction. The Shutdown had nothing to do with this at all. It merely kept you from questioning the Smash and Grab from the Unified one party skimmers. Trump BRANDED.If Jeffrey Epstein were still alive, Trump would have already PARDONED him!---Help for Ochelli and The NetworkMrs.OLUNA ROSA CANDLEShttp://www.paypal.me/Kimberlysonn1Ochelli Link Treehttps://linktr.ee/chuckochelli---NOVEMBER IN DALLAS LANCER CONFERENCENovember 21-23 225The Fairmont Dallas hotel 1717 N Akard Street, Dallas, Texas 75201Tickets @ https://assassinationconference.com/10 % OFF code = Ochelli10@ CheckoutBE THE EFFECTListen/Chat on the Sitehttps://ochelli.com/listen-live/TuneInhttp://tun.in/sfxkxAPPLEhttps://music.apple.com/us/station/ochelli-com/ra.1461174708Ochelli Link Treehttps://linktr.ee/chuckochelliAnything is a blessing if you have the meansWithout YOUR support we go silent.---NOVEMBER IN DALLAS LANCER CONFERENCEDISCOUNT FOR YOU10 % OFF code = Ochelli10https://assassinationconference.com/Coming SOON Room Discount Details The Fairmont Dallas hotel 1717 N Akard Street, Dallas, Texas 75201. easy access to Dealey Plaza

Macrodosing: Arian Foster and PFT Commenter
Media Consolidation & Government Regulation | Nov 13, 2025

Macrodosing: Arian Foster and PFT Commenter

Play Episode Listen Later Nov 13, 2025 151:34


On today's episode Arian, Big T and PFT dive into the world of media consolidation — who owns your favorite networks, and how much control does the government actually have? We look into the latest YouTube TV and ABC dispute and the history of government regulation and media mergers. Plus, we discuss CFB playoff rankings, the US Mint pressing the final pennies, a new AI Country song that's topping the charts and much more. Enjoy! (00:04:18) CFB Playoffs (00:09:52) Donald Trump (00:27:54) Usain Bolt (00:52:55) US Mint Presses Final Pennies (01:01:29) Toy Story 5 (01:07:11) Arian's Dog Search (01:25:30) PFT's LL Bean dispute (01:33:17) Arian's Dog Search (cont.) (01:39:26) Media Consolidation & Government Regulation (01:47:29) New AI Country Song (02:04:38) Media Consolidation & Government RegulationYou can find every episode of this show on Apple Podcasts, Spotify or YouTube. Prime Members can listen ad-free on Amazon Music. For more, visit barstool.link/macrodosing

The Rizzuto Show
Mike Mckenna looking like Derelicte

The Rizzuto Show

Play Episode Listen Later Nov 13, 2025 157:22


US Mint presses final pennies as production ends after more than 230 years - https://apnews.com/article/us-mint-treasury-department-penny-end-production-86139df5644ef0885a9baf98e9677380What It Takes to Reopen Government Agencies as the Shutdown Ends - https://www.bloomberg.com/news/videos/2025-11-13/what-it-takes-to-reopen-government-agencies-as-the-shutdown-endsItaly investigates claim that tourists paid to go to Bosnia to kill besieged civilians - https://www.yahoo.com/news/articles/italy-probes-claims-tourists-paid-132442492.htmlTake the latest, “the rabbit got me” trend on TikTok, which is currently going viral as it simultaneously stirs up confusion in the comments sections. Wondering what it all means? - https://www.bustle.com/life/the-rabbit-got-me-tiktok-trend-meaning-explainedOverall, 2020 to 2024 Saw Decline in Nicotine Vaping in U.S. Youth - https://www.drugs.com/news/overall-2020-2024-saw-decline-nicotine-vaping-u-s-youth-127520.htmlInternet conflicted over Apple's $230 iPhone Pocket case. See new product - https://www.usatoday.com/story/tech/2025/11/11/iphone-pocket-apple-phone-case/87214270007/Budgeting is shaping this year's holiday gift-giving, new survey reveals - https://nypost.com/2025/11/11/lifestyle/budgeting-is-shaping-this-years-holiday-gift-giving-new-survey-reveals/Frustrated woman turned down boyfriend's $898 Walmart engagement ring — but not for the reason you'd think - https://nypost.com/2025/11/12/lifestyle/woman-turns-down-proposal-from-boyfriend/‘The King Is Back': Three Years After His Death, New Luke Bell Album Announced - https://cowboystatedaily.com/2025/09/06/the-king-is-back-three-years-after-his-death-new-luke-bell-album-announced/Viral video of red rain in Branson, Missouri is not real - https://fox2now.com/news/missouri/viral-video-of-red-rain-in-branson-is-not-real/New 'Lucifer' bee with devil-like horns found in Australia - https://www.bbc.com/news/articles/c051yjv90dmoFollow The Rizzuto Show @rizzshow on social media for more from your favorite daily comedy podcast. Connect with The Rizzuto Show online at 1057thepoint.com/RizzShowSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

O'Connor & Company
Marc Morano, US Mint Stamps Its Last Penny, Stephen Moore

O'Connor & Company

Play Episode Listen Later Nov 13, 2025 28:32


In the 7 AM hour, Patrice Onwuka & Bethany Mandel discussed: WMAL GUEST: MARC MORANO (Executive Director, Climate Depot) on the Big Climate Summit in Brazil USA TODAY: US Mint Says It Has Stamped Its Last Penny, a Historic End for a Humble Coin WMAL GUEST: STEPHEN MOORE (Co-Founder, Committee to Unleash Prosperity) on the Latest Economic News Where to find more about WMAL's morning show: Follow Podcasts on Apple, Audible and Spotify Follow WMAL's "O'Connor and Company" on X: @WMALDC, @LarryOConnor, @JGunlock, @PatricePinkfile, and @HeatherHunterDC Facebook: WMALDC and Larry O'Connor Instagram: WMALDC Website: WMAL.com/OConnor-Company Episode: Thursday, November 13, 2025 / 7 AM HourSee omnystudio.com/listener for privacy information.

Joey and Nancy on WIVK
Joey and Nancy Full Show 11-13-25

Joey and Nancy on WIVK

Play Episode Listen Later Nov 13, 2025 43:46


The government is back oepn! We wonder how back payment for federal employees works. Joey’s son referred to a world atlas as one of his “touching books.” He just meant that it touches him “on the inside” and means something to him. Ho Ho Ho! If the person we call answers the phone with “ho ho ho,’ they get tickets to Dollywood! Hot Tea: Chickfila is testing a chicken and waffle sandwich, but only in two cities. Dolly is finally starting to be in better health! You can now buy a $200+ knitted phone holder from Apple. Group Therapy: My daughter doesn’t want to go to my mom’s house for Thanksgiving because her house smells like cat litter. Lucky 7 We talked with Rebekah, the new Vol fan from Texas that went viral for choosing UT to be her college football team. She is coming to town this weekend for the game! The penny has now been discontinued at the US Mint. It will still be in circulation, but no new ones will be made. It’s World Kindness Day! We had our nice coworker Bob come try to be mean and roast us. See omnystudio.com/listener for privacy information.

KMJ's Afternoon Drive
US Mint In Philadelphia To Press Final Penny

KMJ's Afternoon Drive

Play Episode Listen Later Nov 13, 2025 11:39


The U.S. Mint in Philadelphia is set to strike its last circulating penny on Wednesday as the president has canceled the 1-cent coin as the cost of making them became more than their value. Please Like, Comment and Follow 'Philip Teresi on KMJ' on all platforms: --- Philip Teresi on KMJ is available on the KMJNOW app, Apple Podcasts, Spotify, YouTube or wherever else you listen to podcasts. -- Philip Teresi on KMJ Weekdays 2-6 PM Pacific on News/Talk 580 AM & 105.9 FM KMJ | Website | Facebook | Instagram | X | Podcast | Amazon | - Everything KMJ KMJNOW App | Podcasts | Facebook | X | Instagram See omnystudio.com/listener for privacy information.

Dana & Jay In The Morning
US Mint ending production of the penny, Houston Ballet Nutcracker Market begins today, Christmas Carol singer from Lone Star College

Dana & Jay In The Morning

Play Episode Listen Later Nov 13, 2025 8:37 Transcription Available


Dana In The Morning Highlights 11/13Ending the production of the penny will save $56 million for taxpayersNutrcracker Market opens today and last year drew in 100,000 shoppersJacelle Ortiz from Lone Star College melted all of us with her beautiful voice singing Christmas Carols

The Mason Minute
Round Up (MM #5349)

The Mason Minute

Play Episode Listen Later Nov 13, 2025 1:00


A few months ago, I mentioned that the US government had decided to stop minting pennies. Well, it looks like it's finally happened. Yesterday, the US Mint produced its final series of pennies, for good. Many retailers are stressed about how they'll handle prices and change. Some people want a consistent policy for all retailers, whether they're stores, restaurants, or even small businesses. But right now, nobody seems to agree on a solution. Some stores say they will round up prices to the nearest five or ten cents. And in some cases, they'll round down. Expect to see a lot of upset people when the cash register rings... Click Here To Subscribe Apple PodcastsSpotifyAmazon MusicGoogle PodcastsTuneIniHeartRadioPandoraDeezerBlubrryBullhornCastBoxCastrofyyd.deGaanaiVooxListen NotesmyTuner RadioOvercastOwlTailPlayer.fmPocketCastsPodbayPodbeanPodcast AddictPodcast IndexPodcast RepublicPodchaserPodfanPodtailRadio PublicRadio.comReason.fmRSSRadioVurblWe.foYandex jQuery(document).ready(function($) { 'use strict'; $('#podcast-subscribe-button-13292 .podcast-subscribe-button.modal-6919d4972e9a3').on("click", function() { $("#secondline-psb-subs-modal.modal-6919d4972e9a3.modal.secondline-modal-6919d4972e9a3").modal({ fadeDuration: 250, closeText: '', }); return false; }); });

WIVK 107.7 Podcasts
Joey and Nancy Full Show 11-13-25

WIVK 107.7 Podcasts

Play Episode Listen Later Nov 13, 2025 43:46


The government is back oepn! We wonder how back payment for federal employees works. Joey’s son referred to a world atlas as one of his “touching books.” He just meant that it touches him “on the inside” and means something to him. Ho Ho Ho! If the person we call answers the phone with “ho ho ho,’ they get tickets to Dollywood! Hot Tea: Chickfila is testing a chicken and waffle sandwich, but only in two cities. Dolly is finally starting to be in better health! You can now buy a $200+ knitted phone holder from Apple. Group Therapy: My daughter doesn’t want to go to my mom’s house for Thanksgiving because her house smells like cat litter. Lucky 7 We talked with Rebekah, the new Vol fan from Texas that went viral for choosing UT to be her college football team. She is coming to town this weekend for the game! The penny has now been discontinued at the US Mint. It will still be in circulation, but no new ones will be made. It’s World Kindness Day! We had our nice coworker Bob come try to be mean and roast us. See omnystudio.com/listener for privacy information.

Philip Teresi Podcasts
US Mint In Philadelphia To Press Final Penny

Philip Teresi Podcasts

Play Episode Listen Later Nov 13, 2025 11:39


The U.S. Mint in Philadelphia is set to strike its last circulating penny on Wednesday as the president has canceled the 1-cent coin as the cost of making them became more than their value. Please Like, Comment and Follow 'Philip Teresi on KMJ' on all platforms: --- Philip Teresi on KMJ is available on the KMJNOW app, Apple Podcasts, Spotify, YouTube or wherever else you listen to podcasts. -- Philip Teresi on KMJ Weekdays 2-6 PM Pacific on News/Talk 580 AM & 105.9 FM KMJ | Website | Facebook | Instagram | X | Podcast | Amazon | - Everything KMJ KMJNOW App | Podcasts | Facebook | X | Instagram See omnystudio.com/listener for privacy information.

Thoughtful Money with Adam Taggart
Is The Gold & Silver Rally Back On? | Andy Schectman

Thoughtful Money with Adam Taggart

Play Episode Listen Later Nov 12, 2025 75:24


TO BUY SILVER & GOLD, contact Andy's firm at info@milesfranklin.comThe precious metals appear to have recovered from their recent pullback as gold futures vaulted over $4,200/oz today while silver futures surpassed $53/oz.So, is the precious metals rally back on?I asked this question to Andy Schectman in today's livestream. He think it very well may be.We discuss this plus a host of other PM-related topics. To hear it all, click here or on the video below.FYI: if you're looking to purchase bullion online, Thoughtful Money recommends Miles Franklin, co-founded, owned and operated by Andy. The firm has been in operation since 1989, and is a full-service precious metals broker with a mission to educate the masses on the benefits & principles of sound money and deliver fair pricing.Given the important of the partnership between Thoughtful Money and his firm, Andy himself has offered to give Thoughtful Money followers the “white glove” treatment. So if you're interested in learning more about their services, email them directly at info@milesfranklin.com and Andy or one of his lieutenants will give you personal attention, answer all your questions and work to get you the products that best meets your needs at the best possible price.#goldprice #silver #preciousmetals 00:00:00 — Is the rally back on? — initial take00:02:53 — How the price was knocked down (overnight dump, low liquidity)00:03:38 — Who bought the dip (Bank of America, Morgan Stanley)00:08:35 — Concern: inventory squeeze — intro to supply question00:09:56 — Tether and stablecoin buying of gold explained00:11:19 — Retail premiums and US Mint supply issues00:13:53 — Thesis: revaluing gold to devalue the dollar and reshore manufacturing00:18:01 — Kystan USD stablecoin backed by gold — broader trend00:20:22 — Tether at mining summit / disintermediation of miners00:23:14 — Silver as a strategic battleground (industrials vs investors vs states)00:24:32 — Silver added to US critical minerals list — implications00:26:04 — Primary silver production challenges; byproduct supply issues00:28:13 — Will silver become an heirloom metal again?00:38:44 — Shanghai futures, Russia, Hong Kong vaults — repo facility theory00:46:04 — Institutional positioning: $96M GLD call block (December bets)00:52:16 — User questions: selling bullion — process overview01:00:16 — Shipping & insurance details (USPS vs FedEx; insurance limits)01:06:24 — Confiscation risk discussion — likelihood and institutional focus_____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2025 Thoughtful Money LLC. All rights reserved.

@HPCpodcast with Shahin Khan and Doug Black

- How about an AI system that needs 2x the energy NYC uses? - A GPU for every person - HPC-Quantum hybrid systems - Exascale Day 10/18, ExaFlops or ExaWatts? - Seymour Cray 100th birthday - Cray-1 50th anniversary - US Mint's new dollar coin featuring the Cray-1 - Cray-1 masterclass in... branding! [audio mp3="https://orionx.net/wp-content/uploads/2025/10/HPCNB_20251020.mp3"][/audio] The post HPC News Bytes – 20251020 appeared first on OrionX.net.

All Bones Considered: Laurel Hill Stories
Joseph Wharton: The Law without Morals Is Useless

All Bones Considered: Laurel Hill Stories

Play Episode Listen Later Aug 4, 2025 39:20


From All Bones Considered: Laurel Hill Stories #077, part 3   Joseph Wharton was a Quaker businessman and philanthropist whose work is still felt throughout the city and the world. He was the primary founder of Swarthmore College. His business acumen allowed the US Mint to make a healthy profit in the years he was involved. Fisher Park in northeast Philadelphia was his gift to the city. The Wharton State Forest in New Jersey is the largest mass of land owned by the state. And, of course, the world-famous business school that bears his name has graduated more eventual billionaires than any school in history. He is buried under a simple marble stone in a family plot at Laurel Hill East.

Chasing History Radio
Time to count your Pennies

Chasing History Radio

Play Episode Listen Later Jun 18, 2025 20:24


Today as we look at the wonderful penny, with a long history starting with the establishment of the US Mint  in 1792. Pennies have been with us a long time and have become part of our culture and vernacular. So a penny for your thoughts and let's see what we know.

Crushing Debt Podcast
The Discontinued Penny! - Episode 466

Crushing Debt Podcast

Play Episode Listen Later Jun 5, 2025 24:35


Have any spare change? Do you still use cash and coins? The US Treasury Department and US Mint announced that it will stop making pennies after it runs out of the blank templates used to make the coins, saving the government $56 million a year in materials costs.  There is no indication that pennies will be taken out of circulation, only that new pennies will not be produced. This move should have no impact on electronic purchases - ACH, Wire, Debit, Credit, etc.  A few news articles on the subject: https://www.axios.com/2025/05/22/penny-coins-end-production-2026 https://www.axios.com/2025/05/24/treasury-penny-production-trump-shopping-change This issue is not unique to the United States. Canada, Australia and New Zealand stopped producing their penny-equivalents years ago. The cost to produce $0.01 is now approximately $0.0369 per penny, causing a loss to the US Mint of approximately $85.3 million.  And our other coins are similarly expensive to produce: $0.05 nickel costs $0.1378 per coin $0.10 dime costs $0.0576 per coin $0.25 quarter costs $0.1468 per coin It may be time to start using all those pennies we're currently saving in jars and piggybanks. What do you think? How will stopping the production of the penny impact you? Let us know if you enjoy this episode and, if so, please share it with your friends! Please also visit our sponsor Sam Cohen of Attorneys First Insurance for Attorneys and Title Companies looking to get a quote on Errors & Ommissions (malpractice) Insurance coverage. www.AttorneysFirst.com.   Or, you can support the show by visiting our Patreon page: https://www.patreon.com/crushingDebt   To contact George Curbelo, you can email him at GCFinancialCoach21@gmail.com or follow his Tiktok channel - https://www.tiktok.com/@curbelofinancialcoach   To contact Shawn Yesner, you can email him at Shawn@Yesnerlaw.com or visit www.YesnerLaw.com.  

Headwraps and Lipsticks
A Penny For Your Thoughts - S9, E15

Headwraps and Lipsticks

Play Episode Listen Later May 30, 2025 78:09


Gotta get educated! 0:00 – Mic Test 3:40 – Intro 5:34 – Announcements 8:00 – What Can't You Wrap Your Head Around? 18:22 – Trump Gives A Weird Speech at West Point University 28:51 – Trump and Harvard Are Beefed Out 36:38 – South African President Meets w/ Trump 48:38 – RG3 vs Ryan Clark 1:02:39 – Diddy Case Updates 1:04:08 – Knicks Fan Stabbed In Indiana 1:09:10 – US Mint to Stop Producing Pennies 1:12:25 – Final Destination 6 1:15:00 – Outro/ Corny Joke -------------------------------------------------------------------- Free Harvard Classes: https://pll.harvard.edu/subject/government Please be sure to follow us on all our social media: Cashapp: $Headwrappod Bluesky: @headwrappod Instagram: @headwrapsandlipsticks TikTok: @headwrapsandlipsticks Facebook: Headwraps And Lipsticks: The Podcast Website: www.headwrapsandlipstick.com Email: hosts@headwrapsandlipsticks.com

Hot Off The Wire
Americans are set on getting away for Memorial Day weekend

Hot Off The Wire

Play Episode Listen Later May 24, 2025 30:58


Each week Hot off the Wire looks at a variety of stories in business, science, health and more. This week's headlines include: Despite economic concerns, Americans are set on getting away for Memorial Day weekend. Bored with manicured lawns, some homeowners adopt No Mow May all year long. Get ready for another busy Atlantic hurricane season, but maybe not as crazy as 2024. Most AAPI adults oppose college funding cuts and student deportations, a new poll finds. Stop making cents US Mint moves forward with plans to kill the penny. The crypto industry saw Trump as a champion. Some now fear he's putting personal profits first. Vance says Trump will use US military decisively rather than in 'open-ended conflicts' of the past. Horses on a Kentucky farm are helping men build sober lives, gain work and reunite families. NASA's Mars Perseverance snaps a selfie as a Martian dust devil blows by. Caught on camera, capuchin monkeys kidnap howler monkey babies. Clownfish shrink their bodies to survive ocean heat waves. Endangered whales gave birth to few babies this year as population declines. How many Americans believe in astrology and rely on fortune-telling A new survey has answers. For kids with autism, swim classes can be lifesaving. Weight-loss drugs may lower cancer risk in people with diabetes, a study suggests. A look at the 150-year history of ships hitting the Brooklyn Bridge. Fictional fiction A newspaper's summer book list recommends nonexistent books. Blame AI. Still finding trouble in the woods 'Blair Witch Project' star at center of Maine road dispute. College Football Playoff shifts to straight seeding model, no automatic byes for top league champs. Westminster Kennel Club sets plans for its 150th dog show next year. Record-setting British climber says he will scale Everest again next year, targeting his 20th summit. Five years later How the murder of George Floyd changed America. —The Associated Press About this program Host Terry Lipshetz is managing editor of the national newsroom for Lee Enterprises. Besides producing the daily Hot off the Wire news podcast, Terry conducts periodic interviews for this Behind the Headlines program, co-hosts the Streamed & Screened movies and television program and is the former producer of Across the Sky, a podcast dedicated to weather and climate. Theme music The News Tonight, used under license from Soundstripe. YouTube clearance: ZR2MOTROGI4XAHRX

The Chad Benson Show
DEI and Hiring

The Chad Benson Show

Play Episode Listen Later May 23, 2025 109:46


DEI and hiring. Graduate carries baby across stage as officer gives chase in viral moment. Kanye West claims he's ‘done with antisemitism'. Senate GOP preps for ‘one big, beautiful' rewrite. Harvard sues Trump over ban on international students. US Mint places final order to kill penny production as part of Trump's order to ‘rip the waste' out of budget. Trump threatens tariffs on Apple.

Make Me Smart
Higher education is a major U.S. export. And it's under threat.

Make Me Smart

Play Episode Listen Later May 22, 2025 8:46


It's Kai's last day as a regular co-host of “Make Me Smart” and he's got a solid rant (and two bleeps). We'll get into the Trump administration's push to block international students at Harvard, thretening one of American's biggest exports: higher education. Plus, we'll unpack the Supreme Court's 4-4 split over a separation of church and state case. And, could penguin poop be a tool against global warming?Here's everything we talked about today:“Supreme Court deadlocks, blocking creation of first religious public school” from The Washington Post“Trump Administration Halts Harvard's Ability to Enroll International Students” from The New York Times“Harvard University Loses Student and Exchange Visitor Program Certification for Pro-Terrorist Conduct” from the U.S. Department of Homeland Security“Stop making cents: US Mint moves forward with plans to kill the penny” from AP News“Penguin Poop Could Limit Global Warming's Impact on Antarctica” from Bloomberg“Make Me Smart” is going on a break! Kimberly and Reema will be back with new episodes June 9. We'd love to hear from you while we're away. Email makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.

Marketplace All-in-One
Higher education is a major U.S. export. And it's under threat.

Marketplace All-in-One

Play Episode Listen Later May 22, 2025 8:46


It's Kai's last day as a regular co-host of “Make Me Smart” and he's got a solid rant (and two bleeps). We'll get into the Trump administration's push to block international students at Harvard, thretening one of American's biggest exports: higher education. Plus, we'll unpack the Supreme Court's 4-4 split over a separation of church and state case. And, could penguin poop be a tool against global warming?Here's everything we talked about today:“Supreme Court deadlocks, blocking creation of first religious public school” from The Washington Post“Trump Administration Halts Harvard's Ability to Enroll International Students” from The New York Times“Harvard University Loses Student and Exchange Visitor Program Certification for Pro-Terrorist Conduct” from the U.S. Department of Homeland Security“Stop making cents: US Mint moves forward with plans to kill the penny” from AP News“Penguin Poop Could Limit Global Warming's Impact on Antarctica” from Bloomberg“Make Me Smart” is going on a break! Kimberly and Reema will be back with new episodes June 9. We'd love to hear from you while we're away. Email makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.

AP Audio Stories
Stop making cents: US Mint moves forward with plans to kill the penny

AP Audio Stories

Play Episode Listen Later May 22, 2025 0:35


AP correspondent Haya Panjwani reports on the end of the penny.

Stuff That Interests Me
The Mystery of America's Gold

Stuff That Interests Me

Play Episode Listen Later Mar 16, 2025 15:26


From this week's Moneyweek Magazine …Two rumours have been swirling around the gold markets for many years. Some have called them conspiracy theories. Others note that conspiracy theories often prove true. What's the difference between conspiracy and truth? About 30 years.The first is that China has far more gold than it says it does. We actually now know this to be true. The other is that America has far less than the 8,133 tonnes of gold it says it possesses.This rumour has been doing the rounds since 1971, when Peter Beter, a lawyer and financial adviser to former president John F. Kennedy, said he had been informed that gold in Fort Knox had been removed. He went on to write a best-selling book about it: The Conspiracy Against the Dollar.The problem is a total lack of transparency on the part of the US authorities, something that according to current US president Donald Trump, and the head of the Department of Government Efficiency, Elon Musk, will not be the case for much longer.Roosevelt triggers a boomBut to understand this situation we need to go back in time, all the way to 1933, when US president Franklin D. Roosevelt famously devalued the US dollar and revalued gold upwards by 70%, from $20 an ounce (oz) to $35/oz, in order to bolster growth. US gold reserves would increase to unprecedented levels in the next 15 years.Some of the gold came from US citizens. It was now illegal for them to own gold and they had to hand any they owned over to the authorities. Some came from the fact that the government then bought all US mined supply (the upwards revaluation of gold triggered a mining boom) and any gold imported to the US assay office. The US even began buying gold on foreign markets to protect the new higher price.Thus US official holdings in 1939 on the eve of World War II totalled 15,679 tonnes. They would only increase. With Nazi invasions, European nations sent all the gold they could across the Atlantic, either for safekeeping or to buy essential supplies; 1949 saw the high watermark of US gold holdings – 22,000 tonnes, as much as half of all the gold ever mined.In July 1944, with it clear that the Allies were going to win the war, representatives from the 44 Allied nations met at the Mount Washington Hotel in Bretton Woods for the United Nations Monetary and Financial Conference to design a new system of money for the new world order.International accounts would be settled in dollars, and those dollars were convertible to gold at $35/oz. Countries had to maintain exchange rates within 1% of the US dollar. In effect, the US was on a gold standard, and the rest of the world was on a dollar standard.The system relied on the integrity of the US dollar to work, and that integrity was in question, even before the end of the war. The June 1945 Federal Reserve Act reduced required gold reserves for notes outstanding from 40% to 25%, and against deposits from 35% to 25%. Between 1944 and 1954, because of increased supply, the dollar lost a third of its purchasing power, though the $35 Bretton Woods price remained.“Six major European countries,along with the UK, co-ordinated sales to suppress the gold price”US government spending was soaring, and it began running balance of payments deficits – made worse by the costs of foreign aid, America's new welfare systems and maintaining a military presence in Europe and Asia. Gold began leaving the US. By 1965 reserves had fallen by 9,500 tonnes, down 40% from the 1949 peak.Successive US administrations tried to stop the outflow, without success. Dwight D. Eisenhower banned Americans from buying gold overseas, Kennedy imposed the “equalisation tax” on foreign investments, and Lyndon B. Johnson discouraged Americans from travelling altogether. “We may need to forgo the pleasures of Europe for a while,” he said.Fears that the dollar would devalue following the election (won by Kennedy) sent the gold price in London to $40/oz. The Bank of England, in collusion with the Federal Reserve, began increasing gold sales to keep the price down.Thus did the London gold pool begin, with the addition of six major European nations the following year (Belgium, France, the Netherlands, West Germany, Italy and Switzerland), which co-ordinated sales to suppress, or “stabilise”, to use their word, the gold price and defuse unwanted, upward market pressure.But the pool struggled against growing demand. In 1965, an ounce of gold was still $35, but the purchasing power of the dollar had decreased by 57% from 1945, while gold reserves had also fallen sharply. The culprit was the costs of the US government, in particular the Vietnam War and president Johnson's enormous welfare spending.If you are buying gold to protect yourself in these uncertain times - and you should if you do not already own some - as always I recommend The Pure Gold Company. Pricing is competitive, quality of service is high. They deliver to the UK, the US, Canada and Europe or you can store your gold with them. More here.Bretton Woods under pressureWith inflation rising at home and international confidence in the dollar waning, these programmes were not just costly – they undermined Bretton Woods. Non-American nations felt aggrieved that they had to produce $100 worth of goods and services to get a $100 bill, when the US could just print one. French finance minister Valéry Giscard d'Estaing called it “America's exorbitant privilege”.President de Gaulle, meanwhile, had had enough. He ignored the pool to turn all French dollars and sterling balances into gold. The French even sent battleships to New York to collect their gold. De Gaulle became the target of several assassination attempts – coincidence, I'm sure. There were rather more US dollars in the world than there was gold to back them, he felt, and he was right.By 1967, US foreign liabilities were $36bn, but it only had $12bn in gold reserves – a third of what was needed to back the dollar. West Germany, Spain and Switzerland began demanding gold for their dollars. Even the British, with sterling going through one of its quadrennial collapses, asked the Americans to prepare $3bn worth of Fort Knox gold for withdrawal. Private gold demand was overwhelming.“The floor of the Bank of England's weighing room collapsed under the weight of all the bullion”In November 1967, the British government devalued the pound by 14%, from $2.80 to $2.40, in order to “achieve a substantial surplus on the balance of payments consistent with economic growth and full employment”.In that month, the London market saw greater bullion demand than it would typically see in nine: as much as 100 tonnes per day. To stem demand they banned forward buying, leverage and the purchase of gold with credit. The pool still lost 1,400 tonnes that year, more than a whole year's mined supply.Selling pressure on the US dollar only increased when the Viet Cong and North Vietnamese People's Army of Vietnam launched the first of a series of surprise attacks on US armed forces in South Vietnam in January 1968.Desperate to prop up the system, US military aircraft flew tonne after tonne of gold to RAF Lakenheath from where it was trucked in military convoys to the back entrance of the Bank of England: at one point the floor of the Bank of England's weighing room collapsed under the weight of all the gold.You really should subscribe to this amazing publication.Shoring up the systemIn the four days between 11 March and 14 March 1968, some 780 tonnes were sold to market. The effort to protect the price was deemed hopeless. On 15 March, UK chancellor Roy Jenkins declared a bank holiday, and the gold market was closed for a fortnight, “at the request of the United States”.Zurich also closed. Paris stayed open with gold trading at a 25% premium. All in all, the final 15 months saw over 3,000 tonnes sold to market to protect that $35 price. The pool had lost more than an eighth of its reserves.Two days later, in the rushed-through Washington Agreement, governors of the central banks in the gold pool declared there would be one fixed gold marketfor official government transactions at $35/oz and another, free-market, price for private transactions. Not for the last time, central bankers were living in a world of their own.Gold is one thing. Gold standards are another. They tend not to last, particularly bogus ones such as this one, under which citizens themselves did not handle gold. Keynes called them barbarous – ironic, perhaps, given that he was one of the architects of this one.In August 1971, president Nixon took the US off the gold standard, a “temporary” measure that remains more than 50 years later. For the first time in history, gold – Switzerland aside – played no part in the global monetary system.Of course it was the fault of the speculators. It always is. “I have directed the secretary of the Treasury to take the action necessary to defend the dollar against the speculators,” Nixon said, deflecting responsibility, and “to suspend temporarily the convertibility of the dollar into gold”.High time for a US gold auditThe US keeps its gold in four places: at Fort Knox, Kentucky (roughly 56% of its 8,133 tonnes); at the Federal Reserve Bank of New York (8%); and the remaining 36% at the mints in Denver and West Point. There has not been a proper public audit of this gold since 1953. There have been internal audits, especially between 1974 and 1986, but these were not transparent.There are many people, among them gold experts, who do not believe the gold is there. The US spent it trying to suppress the gold price in the 1960s, theysay. But in this new age of American transparency, both Trump and Musk have repeatedly pledged that this gold will be audited.There is talk of it being done on a livestream. Trump has even suggested the gold has been stolen. “We're actually going to Fort Knox to see if the gold is there,” he said, “because maybe somebody stole the gold. Tonnes of gold.”They've been making such light of it, one has to assume they know the gold is there. Musk was laughing about the conspiracies on podcasts, and he even posted a picture of a Fort Knox starter kit: a brick and some gold spray. I can't see how they would be joking if there were any serious doubts.Secretary of the Treasury, Scott Bessent, has said quite categorically that the gold is there. The last audit was in September 2024, he said in a recent Bloomberg interview, before looking down the camera and assuring the US people that “all the gold is present and accounted for”. But this would only have been an internal audit, and it would not have been a full audit.According to the US Mint, “the only gold removed has been very small quantities used to test the purity of gold during regularly scheduled audits”. No other gold has been transferred to or from the depository “for many years”. How long is many years, though? As far back as the 1960s?It's quite astonishing just how secretive the whole thing is. They opened the vaults for a congressional delegation and certain members of the press to view the gold in 1974. There were rumours swirling about then too. “We've never done this before and we'll probably never do it again,” said the then director of the US Mint Mary Brooks.“The gold commonly confiscated under Roosevelt contained some copper, and is not pure enough for sale”Then in 2017, during Trump's first administration, Treasury secretary Steven Mnuchin and Senate majority leader Mitch McConnell were invited to view the gold. “The gold was there,” Mnuchin said. He is “sure” nobody's moved it. There are “serious security protocols in place”. But there are more than 4,000 tonnes in Fort Knox. A tonne would be about the size of a medium to large suitcase. Did he see all 4,000 of them?The other big issue is the purity of the gold. What is there might not all be of good delivery quality, meaning it would not be readily accepted in international bullion markets. If much of the gold is the bullion Roosevelt confiscated in the 1930s, it will be in the form of “coinmelt”: melted down coins.The commonly confiscated coins, such as the $20 double eagle, were only 90% pure and mixed with copper to make them harder. When melted down, they were not always properly refined to modern standards, while the bars they were melted into weighed 320-330 ounces, not the 400 oz bars of good delivery standard today. In practice, this means Fort Knox gold would not be accepted without additional processing.But, until a proper audit takes place, this is all speculation, albeit reasoned speculation. We don't know the full facts. The reasons given for not conducting a full audit are flimsy: we don't need to, it would be too much of an undertaking. Please!If the US gold turns out not to be there, then the gold price goes up – potentially a lot. If it is there, it's business as usual.For now, I'd say the markets are behaving as though it is business as usual. They are climbing, and every dip is being bought, largely, it seems, by central banks (especially in Asia), who are diversifying their holdings and de-dollarising. But this audit cannot come quickly enough.Large volumes of physical gold - over 1,000 tonnes by some counts - have recently been transferred from London to New York. One theory is that was the gold was transferred in anticipation of tariffs. Another is that it was the US buying ahead of its audit. We will soon find out.Finally, I would just like to debunk one theory doing the rounds. US gold is currently marked to market at $42/oz. After the audit, those 8,133 tonnes – assuming they are there and of good delivery quality – could be marked to market at current prices, meaning a significant uplift in the value of holdings.The theory doing the rounds is that Treasury ecretary Bessent will use some of the upwards revaluation to monetise the balance sheet – not unlike how Roosevelt did in 1933 – to create funds for, among other things, the strategic bitcoin reserve. But Bessent has quite clearly stated that is not his intention.This article first appeared in Moneyweek Magazine. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.theflyingfrisby.com/subscribe

The Flying Frisby
The Mystery of America's Gold

The Flying Frisby

Play Episode Listen Later Mar 16, 2025 15:26


From this week's Moneyweek Magazine …Two rumours have been swirling around the gold markets for many years. Some have called them conspiracy theories. Others note that conspiracy theories often prove true. What's the difference between conspiracy and truth? About 30 years.The first is that China has far more gold than it says it does. We actually now know this to be true. The other is that America has far less than the 8,133 tonnes of gold it says it possesses.This rumour has been doing the rounds since 1971, when Peter Beter, a lawyer and financial adviser to former president John F. Kennedy, said he had been informed that gold in Fort Knox had been removed. He went on to write a best-selling book about it: The Conspiracy Against the Dollar.The problem is a total lack of transparency on the part of the US authorities, something that according to current US president Donald Trump, and the head of the Department of Government Efficiency, Elon Musk, will not be the case for much longer.Roosevelt triggers a boomBut to understand this situation we need to go back in time, all the way to 1933, when US president Franklin D. Roosevelt famously devalued the US dollar and revalued gold upwards by 70%, from $20 an ounce (oz) to $35/oz, in order to bolster growth. US gold reserves would increase to unprecedented levels in the next 15 years.Some of the gold came from US citizens. It was now illegal for them to own gold and they had to hand any they owned over to the authorities. Some came from the fact that the government then bought all US mined supply (the upwards revaluation of gold triggered a mining boom) and any gold imported to the US assay office. The US even began buying gold on foreign markets to protect the new higher price.Thus US official holdings in 1939 on the eve of World War II totalled 15,679 tonnes. They would only increase. With Nazi invasions, European nations sent all the gold they could across the Atlantic, either for safekeeping or to buy essential supplies; 1949 saw the high watermark of US gold holdings – 22,000 tonnes, as much as half of all the gold ever mined.In July 1944, with it clear that the Allies were going to win the war, representatives from the 44 Allied nations met at the Mount Washington Hotel in Bretton Woods for the United Nations Monetary and Financial Conference to design a new system of money for the new world order.International accounts would be settled in dollars, and those dollars were convertible to gold at $35/oz. Countries had to maintain exchange rates within 1% of the US dollar. In effect, the US was on a gold standard, and the rest of the world was on a dollar standard.The system relied on the integrity of the US dollar to work, and that integrity was in question, even before the end of the war. The June 1945 Federal Reserve Act reduced required gold reserves for notes outstanding from 40% to 25%, and against deposits from 35% to 25%. Between 1944 and 1954, because of increased supply, the dollar lost a third of its purchasing power, though the $35 Bretton Woods price remained.“Six major European countries,along with the UK, co-ordinated sales to suppress the gold price”US government spending was soaring, and it began running balance of payments deficits – made worse by the costs of foreign aid, America's new welfare systems and maintaining a military presence in Europe and Asia. Gold began leaving the US. By 1965 reserves had fallen by 9,500 tonnes, down 40% from the 1949 peak.Successive US administrations tried to stop the outflow, without success. Dwight D. Eisenhower banned Americans from buying gold overseas, Kennedy imposed the “equalisation tax” on foreign investments, and Lyndon B. Johnson discouraged Americans from travelling altogether. “We may need to forgo the pleasures of Europe for a while,” he said.Fears that the dollar would devalue following the election (won by Kennedy) sent the gold price in London to $40/oz. The Bank of England, in collusion with the Federal Reserve, began increasing gold sales to keep the price down.Thus did the London gold pool begin, with the addition of six major European nations the following year (Belgium, France, the Netherlands, West Germany, Italy and Switzerland), which co-ordinated sales to suppress, or “stabilise”, to use their word, the gold price and defuse unwanted, upward market pressure.But the pool struggled against growing demand. In 1965, an ounce of gold was still $35, but the purchasing power of the dollar had decreased by 57% from 1945, while gold reserves had also fallen sharply. The culprit was the costs of the US government, in particular the Vietnam War and president Johnson's enormous welfare spending.If you are buying gold to protect yourself in these uncertain times - and you should if you do not already own some - as always I recommend The Pure Gold Company. Pricing is competitive, quality of service is high. They deliver to the UK, the US, Canada and Europe or you can store your gold with them. More here.Bretton Woods under pressureWith inflation rising at home and international confidence in the dollar waning, these programmes were not just costly – they undermined Bretton Woods. Non-American nations felt aggrieved that they had to produce $100 worth of goods and services to get a $100 bill, when the US could just print one. French finance minister Valéry Giscard d'Estaing called it “America's exorbitant privilege”.President de Gaulle, meanwhile, had had enough. He ignored the pool to turn all French dollars and sterling balances into gold. The French even sent battleships to New York to collect their gold. De Gaulle became the target of several assassination attempts – coincidence, I'm sure. There were rather more US dollars in the world than there was gold to back them, he felt, and he was right.By 1967, US foreign liabilities were $36bn, but it only had $12bn in gold reserves – a third of what was needed to back the dollar. West Germany, Spain and Switzerland began demanding gold for their dollars. Even the British, with sterling going through one of its quadrennial collapses, asked the Americans to prepare $3bn worth of Fort Knox gold for withdrawal. Private gold demand was overwhelming.“The floor of the Bank of England's weighing room collapsed under the weight of all the bullion”In November 1967, the British government devalued the pound by 14%, from $2.80 to $2.40, in order to “achieve a substantial surplus on the balance of payments consistent with economic growth and full employment”.In that month, the London market saw greater bullion demand than it would typically see in nine: as much as 100 tonnes per day. To stem demand they banned forward buying, leverage and the purchase of gold with credit. The pool still lost 1,400 tonnes that year, more than a whole year's mined supply.Selling pressure on the US dollar only increased when the Viet Cong and North Vietnamese People's Army of Vietnam launched the first of a series of surprise attacks on US armed forces in South Vietnam in January 1968.Desperate to prop up the system, US military aircraft flew tonne after tonne of gold to RAF Lakenheath from where it was trucked in military convoys to the back entrance of the Bank of England: at one point the floor of the Bank of England's weighing room collapsed under the weight of all the gold.You really should subscribe to this amazing publication.Shoring up the systemIn the four days between 11 March and 14 March 1968, some 780 tonnes were sold to market. The effort to protect the price was deemed hopeless. On 15 March, UK chancellor Roy Jenkins declared a bank holiday, and the gold market was closed for a fortnight, “at the request of the United States”.Zurich also closed. Paris stayed open with gold trading at a 25% premium. All in all, the final 15 months saw over 3,000 tonnes sold to market to protect that $35 price. The pool had lost more than an eighth of its reserves.Two days later, in the rushed-through Washington Agreement, governors of the central banks in the gold pool declared there would be one fixed gold marketfor official government transactions at $35/oz and another, free-market, price for private transactions. Not for the last time, central bankers were living in a world of their own.Gold is one thing. Gold standards are another. They tend not to last, particularly bogus ones such as this one, under which citizens themselves did not handle gold. Keynes called them barbarous – ironic, perhaps, given that he was one of the architects of this one.In August 1971, president Nixon took the US off the gold standard, a “temporary” measure that remains more than 50 years later. For the first time in history, gold – Switzerland aside – played no part in the global monetary system.Of course it was the fault of the speculators. It always is. “I have directed the secretary of the Treasury to take the action necessary to defend the dollar against the speculators,” Nixon said, deflecting responsibility, and “to suspend temporarily the convertibility of the dollar into gold”.High time for a US gold auditThe US keeps its gold in four places: at Fort Knox, Kentucky (roughly 56% of its 8,133 tonnes); at the Federal Reserve Bank of New York (8%); and the remaining 36% at the mints in Denver and West Point. There has not been a proper public audit of this gold since 1953. There have been internal audits, especially between 1974 and 1986, but these were not transparent.There are many people, among them gold experts, who do not believe the gold is there. The US spent it trying to suppress the gold price in the 1960s, theysay. But in this new age of American transparency, both Trump and Musk have repeatedly pledged that this gold will be audited.There is talk of it being done on a livestream. Trump has even suggested the gold has been stolen. “We're actually going to Fort Knox to see if the gold is there,” he said, “because maybe somebody stole the gold. Tonnes of gold.”They've been making such light of it, one has to assume they know the gold is there. Musk was laughing about the conspiracies on podcasts, and he even posted a picture of a Fort Knox starter kit: a brick and some gold spray. I can't see how they would be joking if there were any serious doubts.Secretary of the Treasury, Scott Bessent, has said quite categorically that the gold is there. The last audit was in September 2024, he said in a recent Bloomberg interview, before looking down the camera and assuring the US people that “all the gold is present and accounted for”. But this would only have been an internal audit, and it would not have been a full audit.According to the US Mint, “the only gold removed has been very small quantities used to test the purity of gold during regularly scheduled audits”. No other gold has been transferred to or from the depository “for many years”. How long is many years, though? As far back as the 1960s?It's quite astonishing just how secretive the whole thing is. They opened the vaults for a congressional delegation and certain members of the press to view the gold in 1974. There were rumours swirling about then too. “We've never done this before and we'll probably never do it again,” said the then director of the US Mint Mary Brooks.“The gold commonly confiscated under Roosevelt contained some copper, and is not pure enough for sale”Then in 2017, during Trump's first administration, Treasury secretary Steven Mnuchin and Senate majority leader Mitch McConnell were invited to view the gold. “The gold was there,” Mnuchin said. He is “sure” nobody's moved it. There are “serious security protocols in place”. But there are more than 4,000 tonnes in Fort Knox. A tonne would be about the size of a medium to large suitcase. Did he see all 4,000 of them?The other big issue is the purity of the gold. What is there might not all be of good delivery quality, meaning it would not be readily accepted in international bullion markets. If much of the gold is the bullion Roosevelt confiscated in the 1930s, it will be in the form of “coinmelt”: melted down coins.The commonly confiscated coins, such as the $20 double eagle, were only 90% pure and mixed with copper to make them harder. When melted down, they were not always properly refined to modern standards, while the bars they were melted into weighed 320-330 ounces, not the 400 oz bars of good delivery standard today. In practice, this means Fort Knox gold would not be accepted without additional processing.But, until a proper audit takes place, this is all speculation, albeit reasoned speculation. We don't know the full facts. The reasons given for not conducting a full audit are flimsy: we don't need to, it would be too much of an undertaking. Please!If the US gold turns out not to be there, then the gold price goes up – potentially a lot. If it is there, it's business as usual.For now, I'd say the markets are behaving as though it is business as usual. They are climbing, and every dip is being bought, largely, it seems, by central banks (especially in Asia), who are diversifying their holdings and de-dollarising. But this audit cannot come quickly enough.Large volumes of physical gold - over 1,000 tonnes by some counts - have recently been transferred from London to New York. One theory is that was the gold was transferred in anticipation of tariffs. Another is that it was the US buying ahead of its audit. We will soon find out.Finally, I would just like to debunk one theory doing the rounds. US gold is currently marked to market at $42/oz. After the audit, those 8,133 tonnes – assuming they are there and of good delivery quality – could be marked to market at current prices, meaning a significant uplift in the value of holdings.The theory doing the rounds is that Treasury ecretary Bessent will use some of the upwards revaluation to monetise the balance sheet – not unlike how Roosevelt did in 1933 – to create funds for, among other things, the strategic bitcoin reserve. But Bessent has quite clearly stated that is not his intention.This article first appeared in Moneyweek Magazine. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.theflyingfrisby.com/subscribe

America In The Morning
Trump Delays Tariffs, Green Censured, Newsom On Transgender Sports, Judge Says Aid Must Be Spent

America In The Morning

Play Episode Listen Later Mar 7, 2025 41:39


Today on America in the Morning   Trump Delays Tariffs President Trump has done an about-face and again suspended enacting 25 percent tariffs against Canada and Mexico for another 30 days. Correspondent Donna Warder reports that this comes after Mexico promoted a Sunday announcement on new tariffs against the US, and Canadian leaders threatened tariffs of their own, including the British Columbia premier who vowed to tax trucks traveling through Canada between Alaska and Washington State and Ontario saying they'd cut electric power to the US.    Green Censured The House has censured Texas' Al Green for disrupting Tuesday night's speech by President Trump. Washington correspondent Sagar Meghani reports.    Ordered To Spend Money A judge has set Monday as the deadline for the Trump administration to pay some of the nearly $2 billion dollars it owes in foreign aid, after the Supreme Court rejected the government's legal argument to continue the freeze. Lisa Dwyer reports.    Trump Budget's Plan B Republicans in Washington are looking toward a stop gap measure to keep the government open. Correspondent Clayton Neville reports.    Kohberger Case Texts Released Text messages between two surviving roommates from the home in Moscow, Idaho, where four University of Idaho students were killed in a home invasion stabbing attack have been revealed to the public.     1958 Mystery May Be Solved A mystery that dates back to 1958 may finally be solved, after a car belonging to a missing Oregon family was located in the Columbia River. As correspondent Haya Panjwani reports, the case surrounds the five members of a family last seen when they left to shop for Christmas items and were never heard from again.       Newsom On Transgender Athletes California Governor Gavin Newsom is feeling the heat from fellow Democrats, and skepticism from Republicans, over his statement that it's unfair for transgender athletes to compete in women's sports. More from correspondent Rich Johnson.     Latest On Ukraine The Trump administration is pointing the finger of blame at Ukraine for a U.S. pause on military aid and intelligence sharing with Kyiv. However, as Washington correspondent Sagar Meghani reports, they are also laying the foundation for talks to take place in Saudi Arabia to find a way to end the Russia-Ukraine war.    FDA Hearing President Trump's pick to head the Food and Drug Administration faced questions from senators during a confirmation hearing in which he was asked about abortion pill Mifepristone, vaccines, and whether the food we eat is making the nation's children sick. John Stolnis has more from Washington.    Hamas Says No To Trump Hamas is seemingly brushing off President Trump's demands as the Commander in Chief calls for peace in the Middle East and the return of Hamas-held hostages. Correspondent Clayton Neville reports.    Limits On DOGE President Trump says he doesn't want to see a lot of good people cut from the federal government, as he appears to be placing some limits on DOGE. Correspondent Donna Warder reports.    Philadelphia Plane Crash Update The cockpit voice recorder was not working on a medical transport plane that killed seven people when it plummeted into a Philadelphia neighborhood in January, the National Transportation Safety Board said in a preliminary report.     Tech News A House committee on Capitol Hill is looking into how social media may have censored speech about President Trump, or other conservative issues. Here's Chuck Palm with today's tech news.   Finally   Following President Trump's executive order to have the US Mint no longer produce pennies due to the fact it costs about 4 cents to make one penny, but not everyone is happy to see the nation ditch the one-cent coin. Correspondent Ed Donahue reports on one potential fallout to the end of the production of pennies. Learn more about your ad choices. Visit podcastchoices.com/adchoices

The FOX News Rundown
Extra: Should America Go 'Penniless'?

The FOX News Rundown

Play Episode Listen Later Feb 16, 2025 25:30


One of President Donald Trump's many actions in his first three weeks included directing the US Treasury Department to stop minting new pennies. There's been a movement to get rid of the pennies of years, partly because, according to some estimates, the one-cent coin costs nearly four cents to produce, and the US Mint reported they lost $85.3 million last year making them. Former Director of the United States Mint, Philip Diehl, joined Dave Anthony to discuss why he's long been advocating for getting rid of the penny, Diehl explained how the change could impact the American economy. He also discussed why there's a case to get rid of the nickel and why coin and paper currencies will serve a purpose despite the popularity of crypto. We often must cut interviews short during the week, but we thought you might like to hear the full interview. Today on Fox News Rundown Extra, we will share our entire interview with Former Director of the United States Mint, Philip Diehl, allowing to learn more about the penny, and the potential future of American currency. Learn more about your ad choices. Visit podcastchoices.com/adchoices

From Washington – FOX News Radio
Extra: Should America Go 'Penniless'?

From Washington – FOX News Radio

Play Episode Listen Later Feb 16, 2025 25:30


One of President Donald Trump's many actions in his first three weeks included directing the US Treasury Department to stop minting new pennies. There's been a movement to get rid of the pennies of years, partly because, according to some estimates, the one-cent coin costs nearly four cents to produce, and the US Mint reported they lost $85.3 million last year making them. Former Director of the United States Mint, Philip Diehl, joined Dave Anthony to discuss why he's long been advocating for getting rid of the penny, Diehl explained how the change could impact the American economy. He also discussed why there's a case to get rid of the nickel and why coin and paper currencies will serve a purpose despite the popularity of crypto. We often must cut interviews short during the week, but we thought you might like to hear the full interview. Today on Fox News Rundown Extra, we will share our entire interview with Former Director of the United States Mint, Philip Diehl, allowing to learn more about the penny, and the potential future of American currency. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Fox News Rundown Evening Edition
Extra: Should America Go 'Penniless'?

Fox News Rundown Evening Edition

Play Episode Listen Later Feb 16, 2025 25:30


One of President Donald Trump's many actions in his first three weeks included directing the US Treasury Department to stop minting new pennies. There's been a movement to get rid of the pennies of years, partly because, according to some estimates, the one-cent coin costs nearly four cents to produce, and the US Mint reported they lost $85.3 million last year making them. Former Director of the United States Mint, Philip Diehl, joined Dave Anthony to discuss why he's long been advocating for getting rid of the penny, Diehl explained how the change could impact the American economy. He also discussed why there's a case to get rid of the nickel and why coin and paper currencies will serve a purpose despite the popularity of crypto. We often must cut interviews short during the week, but we thought you might like to hear the full interview. Today on Fox News Rundown Extra, we will share our entire interview with Former Director of the United States Mint, Philip Diehl, allowing to learn more about the penny, and the potential future of American currency. Learn more about your ad choices. Visit podcastchoices.com/adchoices

The FOX News Rundown
The Trump Agenda Court Battles

The FOX News Rundown

Play Episode Listen Later Feb 12, 2025 33:47


President Trump's administration is facing numerous legal challenges to their executive orders, with the end to birthright citizenship, a freeze on federal funding, and others that are currently tied up in the courts. FOX News Contributor, attorney Andrew McCarthy, joins the Rundown to discuss the legal background behind some of the court cases and why he feels that the Trump administration has strong chances of legal victory in most instances. Later, Special Counsel to President Trump, Alina Habba, joins to share her thoughts on “activist judges” and the actions that President Trump has signed off on so far. Earlier this week, President Donald Trump directed the US Treasury Department to stop minting new pennies. The one-cent coin costs nearly four cents to produce, and the US Mint reported they lost $85.3 million last year producing pennies. In 2023, Congress proposed legislation to alter the coin's composition to cut costs. Former Director of the United States Mint, Philip Diehl, joins to discuss how getting rid of the penny will impact the American economy and what this will look like. Plus, commentary from FOX News contributor Joe Concha. Photo Credit: AP Learn more about your ad choices. Visit podcastchoices.com/adchoices

From Washington – FOX News Radio
The Trump Agenda Court Battles

From Washington – FOX News Radio

Play Episode Listen Later Feb 12, 2025 33:47


President Trump's administration is facing numerous legal challenges to their executive orders, with the end to birthright citizenship, a freeze on federal funding, and others that are currently tied up in the courts. FOX News Contributor, attorney Andrew McCarthy, joins the Rundown to discuss the legal background behind some of the court cases and why he feels that the Trump administration has strong chances of legal victory in most instances. Later, Special Counsel to President Trump, Alina Habba, joins to share her thoughts on “activist judges” and the actions that President Trump has signed off on so far. Earlier this week, President Donald Trump directed the US Treasury Department to stop minting new pennies. The one-cent coin costs nearly four cents to produce, and the US Mint reported they lost $85.3 million last year producing pennies. In 2023, Congress proposed legislation to alter the coin's composition to cut costs. Former Director of the United States Mint, Philip Diehl, joins to discuss how getting rid of the penny will impact the American economy and what this will look like. Plus, commentary from FOX News contributor Joe Concha. Photo Credit: AP Learn more about your ad choices. Visit podcastchoices.com/adchoices

Fox News Rundown Evening Edition
The Trump Agenda Court Battles

Fox News Rundown Evening Edition

Play Episode Listen Later Feb 12, 2025 33:47


President Trump's administration is facing numerous legal challenges to their executive orders, with the end to birthright citizenship, a freeze on federal funding, and others that are currently tied up in the courts. FOX News Contributor, attorney Andrew McCarthy, joins the Rundown to discuss the legal background behind some of the court cases and why he feels that the Trump administration has strong chances of legal victory in most instances. Later, Special Counsel to President Trump, Alina Habba, joins to share her thoughts on “activist judges” and the actions that President Trump has signed off on so far. Earlier this week, President Donald Trump directed the US Treasury Department to stop minting new pennies. The one-cent coin costs nearly four cents to produce, and the US Mint reported they lost $85.3 million last year producing pennies. In 2023, Congress proposed legislation to alter the coin's composition to cut costs. Former Director of the United States Mint, Philip Diehl, joins to discuss how getting rid of the penny will impact the American economy and what this will look like. Plus, commentary from FOX News contributor Joe Concha. Photo Credit: AP Learn more about your ad choices. Visit podcastchoices.com/adchoices

Learning to Deal
$440,000 for the 1st Privy struck Flowing Hair Gold Dollar coin and dies! Who would buy this!?

Learning to Deal

Play Episode Listen Later Dec 16, 2024 35:26


This week PFC Irvine explores the $440,000 sale of the first struck $1 Gold Flowing Hair 230 Privy dollar with US Mint dies and why someone may buy it. If you wish to support the show and PFC Irvine's Journey you can find his Ebay store here----> PFC NETWORK  Like our Facebook Page: Learning To Deal Podcast

Guys Of A Certain Age
Let's Twist Again

Guys Of A Certain Age

Play Episode Listen Later Aug 17, 2024 28:24


It's not a rom-com, but it has both rom and com with an extra-large side of Twister fries. Twisters, the movie, is the surprise hit of the summer, and also of note: The Guys all saw it in the theater, with their wives, and within a few days of being in the theater for another film.  But this one didn't star Ryan Reynolds.  In fact, perhaps the biggest name in this tornado-flick-sans-sharks was an amazing singer who didn't get to sing.  The plot line was pleasantly predictable, but hey - so is this podcast.  The Guys recommend this one 100% and especially in the theater, but if you can't do that, at least find a large TV with a surround sound system, and turn the ceiling fan on high.   Geeks this week include: The US Mint does a cross-over with DC and you can help! Batman Caped Crusader has made it to Prime!  And if you live near enough to an IMAX theater, Interstellar is celebrating 10 years with a re-release in those big, tall, round theaters.  Not the Globe… not the Sphere…the other ones.  In fact, you should listen to this episode in an IMAX ear theater.  

The Southern Fork
Tuan Nguyen: Le's Sandwiches & Cafe (Charlotte, NC)

The Southern Fork

Play Episode Listen Later Jul 12, 2024 40:37


Charlotte, NC is one of the fastest growing metropolitan cities in the United States. While the city has always looked forward, it was actually founded before the American Revolution and the site of the first US Mint. But in the past two decades, the intense growth and the addition of a light rail system have brought immense changes citywide. In the middle of it all, the Nguyen family has been feeding its community, one Bahn Mi sandwich at a time. From homemade beginnings to a cornerstone business of the Asian Corner Mall, Le's Sandwiches and Cafe now has another new chapter of its own. Tuan Nguyen has taken over the business from his parents and is carrying on their legacy, despite the closing of the mall that is slated for imminent demolition. Le's has a beautiful new streetfront building on Sugar Creek Road, and they routinely sell out of everything they can make. Le's Bahn Mi #6 was voted one of the best sandwiches in Charlotte by QC Magazine, they have been featured in The Charlotte Observer, and the restaurant was the subject of an oral history published by The Southern Foodways Alliance.  Other episodes you might enjoy:  Dayna Lee: Comal 864 (Greenville, SC) Don Trowbridge: Trowbridge's (Florence, AL)  

Before the Lights
Louis "The Coin" Colavecchio: World's Greatest Counterfeiter told by Andy Thibault

Before the Lights

Play Episode Play 26 sec Highlight Listen Later Jun 13, 2024 33:55


Send us a Text Message.Co-Author of “You Thought It Was More” New Adventures of the World's Greatest Counterfeiter begins by explain how he met Louis “the Coin” Colavecchio and if he wanted to be a made guy. Louis sold fake luxury brand sweaters, stole money from Catholics, and even did load frauds to purchase luxury sports cars from Italy! A master at creating casino chips/tokens, but where does one get this equipment? It took four years to perfect with coins for 36 casinos that were used in Las Vegas, Laughlin, NV, Atlantic City, and even Tribal Casinos in Connecticut.Where did all the money go? How did Louis the Coin get caught? Louis had a ¾ piece of plywood under a rug in the trunk of his car to handle the weight of all the counterfeit tokens along with other things. A quick discussion of having a travelling Louis the Coin Exhibit especially at The Mob Museum in Las Vegas! Part of his pea deal after serving two years at Fort Dix, he showed Mohegan Sun how he did it and was hired by the US Mint! He paid only $2400 of a 90K restitution agreement and was given a REFUND! Louis was also in trouble for not just casino chips but also for stealing $100K from his 92-year-old aunt, counterfeiting $100 bills and walked from testing positive for cocaine saying he needed it for sex. In addition to bank, mortgage, and insurance fraud!Was Louis straightforward about his actions, did his mouth get him into trouble, and the status of the screenplay. What does he miss the most about Louis who passed away in 2020.**Note: due to supply chain issues the release date of "You Thought It Was More" is July 9, 2024.** Andy Thibault LinksBuy Book: https://louisthecoinbook.com/CT. State Police Museum: https://www.cspaaa.com/museum/  Before the Lights Links:Want Trivia? Email me: tommycanale3@gmail.comHire Tommy to Speak: https://www.beforethelightspod.com/public-speakingBecome a BTL Member: https://www.beforethelightspod.com/supportBefore the Lights Website: https://www.beforethelightspod.com/Get Tommy a Glass of Vino: https://www.buymeacoffee.com/beforethelightsSupport the Show.Follow the show on Instagram: https://www.instagram.com/beforethelightspodcast/Follow the show on Face Book: https://www.facebook.com/beforethelightspodcast/Follow the show on Tik Tok: https://www.tiktok.com/@beforethelightspodcast?lang=enFollow Tommy on Face Book: https://www.facebook.com/tcanale3Rate & Review: https://podcasts.apple.com/us/podcast/before-the-lights/id1501245041Email the host: beforethelightspod@gmail.com

Stuff That Interests Me
The Accidental Gold Standard

Stuff That Interests Me

Play Episode Listen Later May 26, 2024 21:11


A slightly-longer Sunday morning thought piece than usual today, but one that is well worth the effort I hope you'll discover.A reminder that:* This August I am going to the Edinburgh Fringe to do one of my “lectures with funny bits”. This one is all about the history of mining. As always, I shall be delivering it at Panmure House, where Adam Smith wrote Wealth of Nations. It's at 2pm most afternoons. Please come. Tickets here.* My first book and many readers' favourite, Life After the State - Why We Don't Need Government (2013), is now back in print - with the audiobook here: Audible UK, Audible US, Apple Books. I recommend the audiobook ;)Isaac Newton, who, along with William Shakespeare, Leonardo Da Vinci and Aristotle, must be one of the cleverest individuals to have ever lived, made groundbreaking contributions to physics, mathematics, optics, mechanics, philosophy and astronomy. The laws of motion, the theory of gravitation and the reflecting telescope were among his many contributions. He was also a brilliant alchemist, obsessed with theology and biblical prophecy. As if that isn't enough, he is credited with the design of the Gold Standard, the primary monetary system of the world for over two hundred years. Today we explore how this brilliant system was accidental.In 1695, counterfeit coins accounted for more than a tenth of all English money in circulation. Massive LOL: the English used the counterfeit coins, in particular, to pay their taxes. The Exchequer that year reported no more than ten good shillings for every hundred pounds of revenue. Coin clipping was also a major problem, especially of old coins, and silver coins were disappearing from circulation altogether. Silver was worth more on the continent as bullion than it was in the UK as tender, so arbitrageurs shipped coins abroad, melted them down, and sold them for gold. Everyone from the Jews to the French was blamed, but by 1695 it was almost impossible to find legal silver in circulation. It had all been melted down and sold.This all led to a scarcity of money, which inhibited trade. More damage was caused to the English nation in just one year by bad money than “by a quarter century of bad kings, bad Ministers, bad Parliaments and bad Judges”, said the historian Thomas Babington Macaulay.King William begged the House of Commons to respond to the crisis and, seeking help, Secretary of the Treasury, William Lowndes wrote letters to England's wisest men, asking their advice: among them, philosopher John Locke, architect Sir Christopher Wren, banker Sir Josiah Child, and scientist, Sir Isaac Newton.Newton was in his mid 40s and probably not far off the peak of his powers. He had published his most famous work, the Philosophiæ Naturalis Principia Mathematica, just eight years earlier in 1687, and it had established him as the smartest man in the country. He would now put his great mind to money.With the formation of the Bank of England the previous year, Newton had become aware of the possibilities of paper money. “If interest be not yet low enough for the advantage of trade,” he wrote, “the only proper way to lower it is more paper credit till by trading and business we can get more money.” He could see that token value and intrinsic value were not necessarily one and the same.It was also obvious to Newton that the currency criminals were rational actors. They would continue to clip, counterfeit, and sell abroad while there was profit in it. Bullion smuggling carried the death sentence, yet still it went on. Coercion alone would not be enough to stop it from happening. The market itself needed to be changed.He came up with two measures. First, to deal with the clipping, all coins minted prior to 1662 should be called in, melted down, and, using machines, re-made into coins that had a single consistent edge. With no more hand-hammered coins in circulation, clipping coins would become that much more difficult. Re-minting the entire country's coin, however, at a time of such primitive machinery, was no small undertaking. Second, to deal with the silver issue, the amount of silver in coins should be lowered so that the silver content and the face value of the coin were the same.The thought of such a devaluation went against the psyche. The idea that token value and intrinsic value might be different was alien and Newton's second proposal was not widely welcomed. There were 20 shillings to a pound, so a shilling should contain a concomitant amount of silver.  Newton may have thought that the token was more important than the silver content, but landowners and the government, which was largely made up of them, would lose 20% of their silver by Newton's proposal. In 1696 Parliament approved the recoinage, but stipulated the new coins maintain the old weights. Newton warned that the silver outflow would continue.The following year, nudged by John Locke, Charles Montague, the Chancellor of the Exchequer, sent Newton a letter notifying him that the King intended to make him Warden of the Mint. So began his new career. Perhaps the role was only intended as a sinecure, but Newton took it very seriously.Putting his chemical and mathematical knowledge to good use, Newton got the Mint's machines working and the coins minted at a speed that defied the predictions of even the boldest optimist and, as an industrial operation, Newton's recoinage was an enormous success. Newton would also have to learn the skills of a policeman—both investigator and interrogator—and he proved masterful. This ruthless enforcer of the law, oversaw numerous investigations, exposing frauds, and then prosecuting perpetrators. Poor counterfeiters had no idea what they were up against, and many were sent to the gallows for their crimes.So good at the job of Warden was Newton that, in 1699, he was promoted and made Master of the Royal Mint, and after the Union between England and Scotland in 1707, Newton directed a Scottish recoinage that would lead to a new currency for the new Kingdom of Great Britain.He had solved the clipping issue, the counterfeiting issue was vastly improved, but silver was still making its way across the Channel, just as Newton had said it would. As long as the silver content exceeded the face value of the coins, the trade would continue. By 1715, almost all of the coins that Newton had struck between 1696 and 1699 had left t he country.Newton's studies had moved on from tides, planetary motions, and pendulums to the gold markets. He drew up an extensive table of assays of foreign coins and in doing so realised that gold was cheaper in the new markets opening up in Asia than in Europe, and thus that silver was not just being sucked out of England, but out of Europe itself to India and China where it was traded for gold.Meanwhile, the world's next great gold rush had started.If you are interested in buying gold, check out my recent report. I have a feeling it is going to come in very handy in the not-too-distant future.My recommended bullion dealer is the Pure Gold Company.World gold output doublesSome time in 1694 Portuguese deserters had found alluvial gold two hundred miles inland from Rio De Janeiro in Minas Gerais in Brazil. Soon everyone was flocking there, “white, coloured, black, Amerindian, men and women; young and old; poor and rich; nobles and commoners; laymen and clergy,” said a Jesuit priest who lived in the area. By 1724, within just three decades of the discovery, world output had doubled. By 1750, 65% of global production was emanating from Brazil. The gold made its way to Lisbon, along with sugar, tobacco and other Brazilian products - similar amounts to that which the Conquistadors had sent back to Spain the previous century - and with it the Portuguese minted their moidores coins.The Portuguese used their gold to buy English cereal crops, beef and fish, woollen goods, manufactured articles, and luxuries. Portugal imported five times as much from England as it exported to it, and it used its gold to settle the difference. The moidores, which weighed slightly more than an English guinea, worth 28 shillings, actually became currency, especially in the west country, where there were more of them than local coins. “We hardly have any money,” wrote an Exeter man in 1713, “but Portugal gold.” In London, the Bank of England began buying vast amounts of gold, “to be coined as it comes in” and the Mint began minting guineas from the moidores. By 1715 the Bank had 800 kg/25,700 t.oz, a nascent central bank reserve, and this figure would rise would to 15.5 tonnes/500,000 t.oz by 1730. So much gold coin had never been minted before and London soon overtook Amsterdam as the foremost precious metals market. Gold was coming and staying. Silver was leaving for Asia. In 1717 Newton was called on to investigate.He came up with a new system and outlined it in a report to the Lords Commissioners of His Majesty's Treasury in September 1717. Less than three months later there was a Royal Proclamation that forbade the exchange of gold guineas for more than 21 silver shillings - even if they were clipped or underweight. Thus was a guinea just over a pound, which was 20 shillings, or 113 grains of gold. The ratio of gold to silver was effectively set at roughly 1:15.5.But silver coin clipping continued, and full-weight silver coins continued to be exported to the continent, where 21 shillings of silver could still get you more than a guinea's worth of gold (just over 7.6 grams/1/4 t.oz), and to Asia, especially India and China, often via the East India Company, where silver was even more valuable. The result was that silver was used for imports, and so left the country, while exports were traded for gold, which thus came into the country.All in all, some two-thirds of that Brazilian gold is thought to have ended up in England. Hundreds of tonnes in total.Britain had always been on a silver standard. A pound was a pound of sterling silver. “In all men's minds the only true money of the country was the silver coin,” said Sir John Craig, historian of the Mint. Although that Royal Proclamation suggested a bimetallic standard, in practice, with so much silver going abroad, it moved Britain from silver to its first gold standard. Gold was more dependable than clipped silver. The future would look back on Newton as the father of the gold standard. His system proved the bedrock of Britain's domestic and international trade through the 18th century, helping it to become such a formidable commercial power. But it was an accidental gold standard. Nobody—not the institutions nor the persons involved—had had the slightest intention of creating a new monetary system on gold. Most people wanted to sustain silver as the prime coinage of the land. Newton had tried to create a functioning bimetallic standard. But market forces had other ideas.In the 1770s there was another recoinage in Britain, which, in terms of sheer scale, was unprecedented. Some 155 tonnes/5 million t.oz of gold in total, perhaps 30 times greater than Newton's recoinage of 1696-9, greater than anything attempted by Spain or Venice, or even Rome. No attempt was made to recoin silver. It was a formal admission that Britain was now on a gold standard. Newton's accidental gold standard was formalised.Anno domini for goldThe second half of the 19th century proved the golden age of the gold rush. First California, then Australia, then New Zealand, then South Africa, then Western Australia, and finally the Klondike.Aside from taxation (see Daylight Robbery), it is difficult to think of anything more overlooked that has had a more profound influence on the course of human history than the gold rush. Nations, indeed civilisations, have been formed on the back of them. (The beneficial impact of gold discoveries in Northern Spain to the Roman Empire is dramatically understated, for example). The fifty years from January 24th, 1848, were perhaps the golden era of the gold rush. The date stands as a watershed moment, the dawn of a new golden age. You might say there are two histories of gold, one before and one after 1848, akin to a BC and AD moment in time. On that day a carpenter from New Jersey by the name of James Marshall saw something shiny at the bottom of a ditch while carrying out a routine inspection of a lumbar mill he was helping build on the western slopes of the Sierra Nevada in California. The scale of the gold business changed out of all proportion. The amount of metal available changed beyond all recognition. Annual production rose fivefold in five years. The Paris Mint coined 150 million Napoléons D'Or in eight years from 1850-57, compared to 65 million in the preceding 50 years. The US Mint's output of gold eagles rose fivefold.The gold price should surely fall with all the new supply, feared bankers and economists. “The price must fall,” said the Economist, wrong about everything even then. The Times agreed. French economist Michel Chevalier wrote an entire book, On the Probable Fall in the Value of Gold. But the gold price did not fall. It stayed constant. Surprisingly perhaps, the biggest casualty of the gold rush, and the dramatic increase in gold supply, was silver. Silver had been money for thousands of years. Not for much longer. Its price halved. In 1850 only Britain, Portugal, Brazil, and a handful of other nations were on the gold standard. Everyone else was on bi-metallic standards. Come 1900 China was the only major nation not on a pure gold standard. Scarcely had the discoveries in California been made when the US began minting $1 and $20 gold coins, in addition to the $10 eagle. Before the discovery, the US Mint struck $4 million worth; in 1851 it minted over $62 million worth. Gold is “virtually the only currency of the country,” said a Congressman proposing a $3 gold coin in a debate in 1853. 1853 would also prove the last time silver dollars were struck, though they still circulated. In practical terms, if not nominal, the US was moving to a gold standard. Then the Coinage Act of 1873 eliminated the standard silver dollar altogether. The act became known as the Crime of 1873. There was a rearguard action, a “silver crusade” to get silver reinstated, especially as silver supply was now increasing thanks to discoveries in Nevada, Colorado, and Mexico. There was, thought some, a “deep-laid plot” engineered by a foreign conspiracy to increase the national debt, which would have to be paid in gold. Bimetallism became a central issue of the election of 1896, when an ambitious young Democrat by the name of William Jennings Bryan won the nomination that he thought would carry him to the presidency with what is widely regarded as one of the greatest speeches in American political history. “Thou shalt not crucify mankind upon a cross of gold,” he bellowed. But no.Gold rather than silver was now in the pockets of millions of people around the world. The increased gold supply effectively sent both France and the US onto gold standards, even though nominally they remained bimetallic (the US until 1900). The move from silver to gold gathered pace in Europe from the 1870s. In 1872-3 Germany launched its new mark, followed by Denmark, Sweden, Norway, and the Netherlands. France, Belgium, Switzerland, and Italy had signed up to a Latin bimetallic monetary union in 1865, which was undermined by the tumbling silver price, and they largely abandoned the silver part of the equation after 1874. By the end of the century, every major nation bar China was on a gold standard, the classical gold standard which Isaac Newton is credited with having designed.But that classical gold standard, that golden age of sound money for which many hard money advocates of today, including yours truly, pine, was not designed and planned, it was accidental.As a the poet Robert Burns wrote:But Mousie, thou art no thy-lane,In proving foresight may be vain:The best laid schemes o' Mice an' MenGang aft agleyThe modern system of fiat money by which we operate today is also accidental, evolving from political expediency, political pressure, technological developments, deficit spending, suppressed interest rates, misguided obsession with GDP, and more. Many, especially the powerful, have exploited it for their own ends, but nobody designed a system in which 99% of money is digital, in which 99% of money is debt, in which loss of purchasing power and Cantillon Effect are built in, which robs the young, the salaried, and the saver, which makes an increase in the wealth gap inevitable and so on. The modern system is clearly in its endgame. Better systems are emerging. But endgames last a long time.Enjoy this article? Please consider becoming a paid subscriber. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.theflyingfrisby.com/subscribe

SD Bullion
Silver is an Eastern Bought Powder Keg Readying to Blow

SD Bullion

Play Episode Listen Later Apr 29, 2024 21:10


This week's market update argues that a silver price surge is coming due to strong demand in the East, particularly China and India. Record silver imports by India, exceeding the US Mint's American Silver Eagle sales in the past 5 years combined, are driven by growth in solar energy and battery production. China's surging solar panel demand is creating a premium for silver, and their silver stockpiles are shrinking. Despite recent price drops, the analyst believes bullish fundamentals will prevail due to undervalued silver and overvalued fiat currencies.

Resistance Radio with John and Regan
The US Mint claims the Indian Citizenship Act of 1924 granted dual citizenship. It doesn't!

Resistance Radio with John and Regan

Play Episode Listen Later Apr 18, 2024 57:06


One of many narratives promoted to justify stripping and replacing our citizenship.

Arcadia Economics
Andy Schectman: Who Is US Treasury Going To Borrow The Money From

Arcadia Economics

Play Episode Listen Later Jan 9, 2024 43:08


#AndySchectman: Who Is US Treasury Going To Borrow The Money From On one hand, it seems to be a good sign that over the past year, there's been more conversation about the risks posed by the US debt, and concern about how the increasing debtloads will be funded. However, less ideal is the fact that no one seems to have an answer to this question. Which Andy Schectman talks about in his weekly #silver report. Where he looks at some of the issues that the Treasury and the Fed are going to have to navigate this year, and why there might not be any easy answer. To find out more, click to watch the video now! - To get a US Mint silver eagle 'Mint Box' for only $4.49 per ounce (Mint boxes have 500 coins in them) email: Arcadia@MilesFranklin.com - To join our free email list and never miss a video click here: https://arcadiaeconomics.com/email-signup/ - To get your paperback or audio copy of The Big Silver Short go to: https://arcadiaeconomics.com/thebigsilvershort/ Find Arcadia Economics video content on these sites: YouTube - https://www.youtube.com/user/ArcadiaEconomics Rumble - https://rumble.com/c/ArcadiaEconomics Bitchute - https://www.bitchute.com/channel/kgpeiwO1dhxX/ LBRY/Odysee - https://odysee.com/@ArcadiaEconomics:5 Listen to Arcadia Economics on your favorite Podcast platforms: Spotify - https://open.spotify.com/show/75OH2PpgUpriBA5mYf5kyY Apple - https://podcasts.apple.com/us/podcast/arcadia-economics/id1505398976 Google-https://podcasts.google.com/feed/aHR0cHM6Ly9teXNvdW5kd2lzZS5jb20vcnNzLzE2MTg5NTk1MjMzNDVz Anchor - https://anchor.fm/arcadiaeconomics Amazon - https://podcasters.amazon.com/podcasts Follow Arcadia Economics on these social platforms Twitter - https://twitter.com/ArcadiaEconomic Instagram - https://www.instagram.com/arcadiaeconomics/ To see the evidence of manipulative behavior in the silver market (as well as how you can send it to your local regulators and Congressional representatives) click here: https://arcadiaeconomics.com/cftc-complaint/ - To sign the petition to ban JP Morgan from having any involvement in the silver industry click here: https://www.ipetitions.com/petition/ban-jp-morgan-from-trading-gold-and-silver #silver #silverprice And remember to get outside and have some fun every once in a while!:) (URL0VD)Subscribe to Arcadia Economics on Soundwise

The Amanda Seales Show
Diddy-Gate, A Mysterious Me Too Story, And More To Kick Off The New Year

The Amanda Seales Show

Play Episode Listen Later Jan 8, 2024 61:13


In today's episode, we're catching up on the major stories that unfolded over the holidays. From TD Jakes caught up in Diddy-Gate to Christian Keyes sharing a mysterious Me Too story and Cardi B and Offset's public breakup, we've got the highlights covered. In our Holiday Rewind, we delve into Bishop T.D. Jakes addressing rumors on social media, responding to accusations about Diddy's parties. We also explore the year-end celebrity breakups, including Cardi B and Offset, as revealed on Instagram Live. The 60-Second Headlines cover noteworthy news, including a former Capitol Police officer's candidacy announcement and Halle Bailey welcoming her first child.   Later in the episode, the Group Chat Topic of the Week kicks off, examining when being a cheerleader for your partner might dim your light. Simone Biles and Jonathan Owens' podcast appearance sparks discussions, and Taraji P. Henson takes a stand for equal pay and better working conditions. The Big Up, Let Down segment features Le Portier Cognac and the parents of Deobra Delone Redden. The show concludes with highlights from Amanda's memorable trip to Mexico, reflections on the Katt Williams interview on Club Shay Shay, and a Small Doses segment on the side effects of keeping or dumping things in 2023.   Listen, Laugh, and Learn on The Amanda Seales Show!     FOLLOW ALONG AS WE COVER:   (3:04) - IT'S THE AMANDA SEALES SHOW… I'M AMANDA SEALES, AND IT'S TIME FOR OUR FIRST STORY IN TODAY'S HOLIDAY REWIND! Texas preacher, T.D. Jakes, found himself at the center of a social media rumor mill accusing him of appearing at Diddy's sex-charged parties. This all stemmed from a social media user's Tik Tok post that garnered millions of views. The internet was rife in backlash and jokes about the accusations. Listen to what Bishop Jakes had to say. (7:34) - LET'S GET INTO OUR NEXT STORY IN TODAY'S HOLIDAY REWIND! We saw a LOT of celebrity breakups last year. Meg & Pardi, Ke Ke Palmer & Darius, Teyanna & Iman Shumpert, Tamar & Jeremy Robinson (but they got back together), Lupita N'yungo & Selema Masekela, TINA KNOWLES & RICHARD LAWSON. The one that wrapped up 2023 was Cardi B and Offset, which we casually learned about while she was on Instagram Live. Let's listen. (12:18) - IT'S TIME FOR 60 SECOND HEADLINES: STORY 1: Former officer with the U.S. Capitol Police Department who fought during Capitol riots announced his candidacy for Congress… vows to “stop” the same kind of domestic terrorists whose actions on Jan. 6 were directly influenced by Donald Trump. STORY 2: The US Mint released commemorative coins honoring abolitionist Harriet Tubman, including $5 gold coins, $1 silver coins, and half-dollar coins that commemorate the bicentennial of her birth. STORY 3: "The Little Mermaid" star, Halle Bailey welcomed her first child with boyfriend and rapper DDG, revealing on Instagram a photo of the baby's hand, with a gold bracelet adorning his wrist with his name: Halo. STORY 4: Mark Cuban is giving $35 million in bonuses to Dallas Mavericks employees after the team sale. (14:37) - We'll go to the phone lines. (16:07) – COMING UP THIS HOUR: WE'LL KICK OFF THE GROUP CHAT TOPIC OF THE WEEK. AND THIS WEEK, WHEN DOES BEING A CHEERLEADER FOR YOUR PARTNER BECOME DIMMING YOUR LIGHT?! THIS IS IN REFERENCE TO SIMONE BILES AND HER NEW HUSBAND JONATHAN OWENS. TARAJI P. HENSON TOOK A STAND FOR EQUAL PAY, TRANSPORTATION, AND SNACKS ON SET! PLUS, THE BIG UP, LET DOWN! WHICH INVOLVES SOME COGNAC, A FELON, AND HIS PARENTS. I'LL MAKE IT MAKE SENSE! (19:07) - WE'LL KICK-OFF THE GROUP CHAT TOPIC OF THE WEEK. Simone Biles and her husband, Jonathan Owens were on the PIVOT podcast. The internet quickly flipped out after hearing some of Jonathan's comments. Let's listen. The question of the week is, When does being a cheerleader for your partner become dimming your light? (24:36) - This past year, Taraji P. Henson has been advocating for Black actresses to get paid their worth and receive better working conditions. Despite having Oprah Winfrey and director Blitz Bazawule in her corner, Taraji P. Henson says the studio tried to lowball her. “I'm tired of proving myself.” Henson claimed that despite being tapped to play Shug Avery by director Blitz Bazawule, she was still asked to try out for the role. She revealed that producers of the film gave the cast rental cars to take themselves to the set of the production. The squad chimes in. (28:52) - BIG UP - to Le Portier Cognac. Shannon Sharpe's whiskey that will see an UPTICK in sales after the Katt Williams interview. Katt proved its potency is effective. Katt and Shannon took multiple shots of the cognac throughout as Katt kept going after comedians and celebrities in a no-holds-barred conversation. WE'LL TALK MORE ABOUT THE INTERVIEW COMING UP! LET DOWN - to the PARENTS of Deobra Delone Redden who squandered his chances of becoming an Olympic track and field star or Spiderman. This is the man who CLEARED the judge's bench after she denied him probation. His name is very close to DEEBO. Parents had to have noticed his ATHLETICISM as a youngster. Probably couldn't catch him to spank him. Jumped over the whole house into the neighbor's window. (31:56) - And Another Thing! Amanda has more to say about film versus TV and drivers versus car service. (35:31) - COMING UP THIS HOUR… OUR HOLIDAY REWIND CONTINUES AND I'VE GOT TO TELL YOU ABOUT MY TRIP TO MEXICO! IT WAS ONE OF THE BEST TRIPS OF MY LIFE! SMALL DOSES SEGMENT – THE SIDE EFFECTS OF KEEPING IT OR DUMPING IT IN 2023. (36:54) - Amanda shares highlights of taking one of the greatest trips of her life. (41:56) - Now this next story needs no introduction, because it has amassed over 31 million views in 4 days… the Katt Williams interview on Club Shay Shay. Katt was catty, y'all! He came in hot, telling Shannon he wanted to address lies from previous guests on the shows. Let's listen and talk about it. (46:04) - THIS WEEK YOUR SMALL DOSES PODCAST EPISODE - KEEPING IT OR DUMPING IT IN 2023. (49:42) - We'll go to the phone lines. (52:35) - IT'S TIME TO LISTEN LAUGH AND LEARN… I HAVE THE WORD FOR THE DAY…. AND THE WORD OF THE DAY IS… INCIPIENT - (Adjective) (in-SIP-ee-unt) Developing, emerging, inceptive (MERRIAM WEBSTER DICTIONARY: Incipient is used to describe things which are beginning to come into being or which are to become apparent.) (55:28) - Politicians Say the Darndest Things. (59:04) - Thanks for listening to the Amanda Seales Show!   FOLLOW THE SHOW ON ALL SOCIALS: @Sealessaidit @Amandaseales @Jeremiahlikethebible If You Have A Comment Leave Amanda A Message At 1 855-Amanda-8 That's 1-855-262-6328See omnystudio.com/listener for privacy information.

Wake Up Late with Dougie Show
Nov 16, 2023 with Dougie Almeida, Dustin Chaffin & Andy Gunnin

Wake Up Late with Dougie Show

Play Episode Listen Later Nov 21, 2023 64:33


Let Me Ask You Dougie's Buying a home in New Braunfels TX Have you seen the “Giant's Door” in Oregon New Material, Last Best New Joke, Worst New Joke With the World on Fire, noticing tension out there? Is it just me, or does the Tesla Cyber Truck look like something you made in shop class? Did You Hear? 'Stand your butt up': Fistfight nearly breaks out during Senate hearing until Bernie Sanders steps in Carjackers Who Couldn't Drive Manual Car Shot by Car Owner, Police Say Florida woman hurls sausage at gas station cashier during heated argument, deputies say Grubhub Driver Claims Delivering Cup Of Urine Instead Of Milkshake Was ‘An Accident' Bull semen: Artificial insemination tanks stolen in County Tyrone Theft of 2 million dimes from truckload of coins from US Mint leaves four facing federal charges LET'S ASSOCIATE: DOUGIE SAY A WORD OR PHRASE & GUEST(S) SHARE THE 1ST THING THAT COMES TO MIND WHETHER IT'S A WORD, THOUGHT OR STORY OF SIGNIFICANCE. PLEASE SUBSCRIBE TO YOUR YOUTUBE CHANNEL 

Palisade Radio
Twitter Spaces: One Recession Away from a Dramatic Dollar Drop

Palisade Radio

Play Episode Listen Later Aug 4, 2023 122:42


Bob begins the conversation by discussing the collapse of premiums and lack of sentiment in the market causing buyers to become disillusioned. Prices are decreasing across the board, making production upgrades increasingly difficult. The US Mint is not supposed to produce profit, however, large merchants such as APMEX are still charging premiums to small buyers. Steve St. Angelo explains how the gold and silver markets have transformed over the past twenty years. ETFs now hold a lot of silver and industrial demand is very low. It's mainly institutional demand driving the price and when that shifts it will move. Blackrock is the largest holder of PSLV. Steve believes we are heading towards an energy cliff that will cause inflation. Stocks, bonds, and real estate may fall affecting institutions who will invest in alternatives. Silver is on sale around the twenty mark according to Bob. Steve notes that the dynamics in the metal production industry are rapidly changing. Jaime Carrasco explains why he likes silver, noting price is correcting the imbalance between silver and copper. The US dollar will be weak due to a reduction in trade associated with the BRICS objectives. This will remove the manipulation of gold and silver. Steve later discusses the energy problems looming. Steve St. Angelo - Independent Researcher and Publisher of the SRSrocco ReportWebsite: https://srsroccoreport.com/Twitter: https://twitter.com/SRSroccoReportYouTube: https://www.youtube.com/channel/UCED7G7CZfqdSV9zttlr1M_g Bob Coleman - Idaho Armored VaultTwitter: https://twitter.com/profitsplusidWebsite: https://www.goldsilvervault.com/ Jim Hunter - Registered Commodity Broker with AllendaleTwitter: https://twitter.com/JimSuncomm1Website: https://allendale-inc.com Jaime Carrasco - Portfolio Manager at Canaccord Genuity IncTwitter: https://twitter.com/IJCarrascoLinkedIn: https://www.linkedin.com/in/carrasco1/Website: Canaccord Genuity: https://www.canaccordgenuity.com/

Arcadia Economics
Andy Schectman: Silver Price Volatile In Week Since Fed Hike

Arcadia Economics

Play Episode Listen Later Aug 1, 2023 39:53


#AndySchectman: #SilverPrice Volatile In Week Since Fed Hike It's been a volatile few days in the gold and #silver pricing following last week's Federal Reserve policy meeting and rate hike. The metals traded higher following the announcement and Jerome Powell's press conference, before getting hammered lower the following morning. Then there was another spike higher on Monday of this week, before seeing the price plummet again on Tuesday. All of which is in some ways not entirely surprising given the less than clear messages given by the Fed. Because while the markets were wanting to hear that the rate hikes are over and that the July hike would be the last one, Powell and the Fed again refused to say as much. Perhaps because they remain in a situation with no easy answers or solutions, with prices still rising faster than their 2% mandate. And in today's call with Andy Schectman of Miles Franklin, we discuss the dynamics the Fed is facing, and why continuing to raise interest rates also comes with its own set of challenges. In addition to talking about the Fed, Andy provides an update regarding the BRICS and the possibility of them announcing a gold backed currency, after listening to Jim Rickards speak at a conference last week. Andy also addresses the news of the US Mint increasing its silver eagle production, and talks about the latest developments with the silver premiums. So to stay up to date on the latest news in the silver space, click to watch this video now! - To get 1/10th ounce gold eagles for $37.50 over melt value email: Arcadia@MilesFranklin.com - To join our free email list and never miss a video click here: https://arcadiaeconomics.com/email-signup/ - To get on the waiting list for your very own ´Silver Chopper Ben´ sterling silver figurine click here: https://arcadiaeconomics.com/get-a-chopper-ben/ - To get your paperback or audio copy of The Big Silver Short go to: https://arcadiaeconomics.com/thebigsilvershort/ Find Arcadia Economics content on these sites: YouTube - https://www.youtube.com/user/ArcadiaEconomics Rumble - https://rumble.com/c/ArcadiaEconomics Bitchute - https://www.bitchute.com/channel/kgpeiwO1dhxX/ LBRY/Odysee - https://odysee.com/@ArcadiaEconomics:5 Listen to Arcadia Economics on your favorite Podcast platforms: Spotify - https://open.spotify.com/show/75OH2PpgUpriBA5mYf5kyY Apple - https://podcasts.apple.com/us/podcast/arcadia-economics/id1505398976 Google-https://podcasts.google.com/feed/aHR0cHM6Ly9teXNvdW5kd2lzZS5jb20vcnNzLzE2MTg5NTk1MjMzNDVz Anchor - https://anchor.fm/arcadiaeconomics Amazon - https://podcasters.amazon.com/podcasts Follow Arcadia Economics on these social platforms Twitter - https://twitter.com/ArcadiaEconomic Instagram - https://www.instagram.com/arcadiaeconomics/ To see the evidence of manipulative behavior in the silver market (as well as how you can send it to your local regulators and Congressional representatives) click here: https://arcadiaeconomics.com/cftc-complaint/ - To sign the petition to ban JP Morgan from having any involvement in the silver industry click here: https://www.ipetitions.com/petition/ban-jp-morgan-from-trading-gold-and-silver #silver #silverprice And remember to get outside and have some fun every once in a while!:) (URL0VD) We do receive compensation from Miles Franklin from orders placed through our show. For our full disclaimer go to: https://arcadiaeconomics.com/disclaimer-miles-franklin-precious-metals/Subscribe to Arcadia Economics on Soundwise

Arcadia Economics
Andy Schectman: Silver Price Volatile In Week Since Fed Hike

Arcadia Economics

Play Episode Listen Later Aug 1, 2023 39:53


#AndySchectman: #SilverPrice Volatile In Week Since Fed Hike It's been a volatile few days in the gold and #silver pricing following last week's Federal Reserve policy meeting and rate hike. The metals traded higher following the announcement and Jerome Powell's press conference, before getting hammered lower the following morning. Then there was another spike higher on Monday of this week, before seeing the price plummet again on Tuesday. All of which is in some ways not entirely surprising given the less than clear messages given by the Fed. Because while the markets were wanting to hear that the rate hikes are over and that the July hike would be the last one, Powell and the Fed again refused to say as much. Perhaps because they remain in a situation with no easy answers or solutions, with prices still rising faster than their 2% mandate. And in today's call with Andy Schectman of Miles Franklin, we discuss the dynamics the Fed is facing, and why continuing to raise interest rates also comes with its own set of challenges. In addition to talking about the Fed, Andy provides an update regarding the BRICS and the possibility of them announcing a gold backed currency, after listening to Jim Rickards speak at a conference last week. Andy also addresses the news of the US Mint increasing its silver eagle production, and talks about the latest developments with the silver premiums. So to stay up to date on the latest news in the silver space, click to watch this video now! - To get 1/10th ounce gold eagles for $37.50 over melt value email: Arcadia@MilesFranklin.com - To join our free email list and never miss a video click here: https://arcadiaeconomics.com/email-signup/ - To get on the waiting list for your very own ´Silver Chopper Ben´ sterling silver figurine click here: https://arcadiaeconomics.com/get-a-chopper-ben/ - To get your paperback or audio copy of The Big Silver Short go to: https://arcadiaeconomics.com/thebigsilvershort/ Find Arcadia Economics content on these sites: YouTube - https://www.youtube.com/user/ArcadiaEconomics Rumble - https://rumble.com/c/ArcadiaEconomics Bitchute - https://www.bitchute.com/channel/kgpeiwO1dhxX/ LBRY/Odysee - https://odysee.com/@ArcadiaEconomics:5 Listen to Arcadia Economics on your favorite Podcast platforms: Spotify - https://open.spotify.com/show/75OH2PpgUpriBA5mYf5kyY Apple - https://podcasts.apple.com/us/podcast/arcadia-economics/id1505398976 Google-https://podcasts.google.com/feed/aHR0cHM6Ly9teXNvdW5kd2lzZS5jb20vcnNzLzE2MTg5NTk1MjMzNDVz Anchor - https://anchor.fm/arcadiaeconomics Amazon - https://podcasters.amazon.com/podcasts Follow Arcadia Economics on these social platforms Twitter - https://twitter.com/ArcadiaEconomic Instagram - https://www.instagram.com/arcadiaeconomics/ To see the evidence of manipulative behavior in the silver market (as well as how you can send it to your local regulators and Congressional representatives) click here: https://arcadiaeconomics.com/cftc-complaint/ - To sign the petition to ban JP Morgan from having any involvement in the silver industry click here: https://www.ipetitions.com/petition/ban-jp-morgan-from-trading-gold-and-silver #silver #silverprice And remember to get outside and have some fun every once in a while!:) (URL0VD) We do receive compensation from Miles Franklin from orders placed through our show. For our full disclaimer go to: https://arcadiaeconomics.com/disclaimer-miles-franklin-precious-metals/Subscribe to Arcadia Economics on Soundwise

The Focus Group
TFG Unbuttoned: Dimes, Dimes, Dimes

The Focus Group

Play Episode Listen Later Apr 25, 2023 20:59


$200K worth of dimes are stolen from a shipment of coins destined for Florida. The driver had left the US Mint in Philadelphia with $750K worth of dimes, parked to rest overnight, then thieves made off with the stash. So far, no charges have been filed. Then, a mother is asked to pick-up after her child makes a mess on the airplane. The husband tweeted his anger and did not receive the response he would have liked. Finally, after 25 years, Netflix is stopping its DVD by mail service. Apple Podcasts: apple.co/1WwDBrCSpotify: spoti.fi/2pC19B1iHeart Radio: bit.ly/2n0Z7H1Tunein: bit.ly/1SE3NMbStitcher: bit.ly/1N97ZquGoogle Podcasts: bit.ly/1pQTcVWPandora: pdora.co/2pEfctjYouTube: bit.ly/1spAF5aAlso follow Tim and John on:Facebook: www.facebook.com/focusgroupradioTwitter: www.twitter.com/focusgroupradioInstagram: www.instagram.com/focusgroupradio

The China History Podcast
Anna May Wong Honored

The China History Podcast

Play Episode Listen Later Oct 19, 2022 46:46


The new Anna May Wong quarters are here, issued by The US Mint as part of a set honoring five women achievers and trailblazers: writer and civil right activist Maya Angelou, Astronaut Sally Ride, Native American activist, and former Cherokee Nation Chief Wilma Mankiller, suffragist, educator, and politician Nina Otero-Warren. And for the fifth coin, the US Mint selected none other than movie star, entertainer, activist, and fashion icon Anna May Wong, one of the women featured in this CHP-159 episode that looks at Chinese American Stars and Entertainers of Old Hollywood.  CHP-159 remains one of my personal all-time favorite CHP episodes. I put that one out back in 2015, complete with much less than optimal audio. I cleaned it up a little and added an intro. And today, in recognition of the release of this new coin, I'm bringing back this episode for anyone who missed it. Learn more about your ad choices. Visit megaphone.fm/adchoices

The China History Podcast
CHP Special Episode | Anna May Wong Honored

The China History Podcast

Play Episode Listen Later Oct 19, 2022 50:20


The new Anna May Wong quarters are here, issued by The US Mint as part of a set honoring five women achievers and trailblazers: writer and civil right activist Maya Angelou, Astronaut Sally Ride, Native American activist, and former Cherokee Nation Chief Wilma Mankiller, suffragist, educator, and politician Nina Otero-Warren. And for the fifth coin, the US Mint selected none other than movie star, entertainer, activist, and fashion icon Anna May Wong, one of the women featured in this CHP-159 episode that looks at Chinese American Stars and Entertainers of Old Hollywood.  CHP-159 remains one of my personal all-time favorite CHP episodes. I put that one out back in 2015, complete with much less than optimal audio. I cleaned it up a little and added an intro. And today, in recognition of the release of this new coin, I'm bringing back this episode for anyone who missed it. Learn more about your ad choices. Visit megaphone.fm/adchoices