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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

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

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

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

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

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

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

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

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

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

On this episode join Dr. Leif Tapanila and Peter Pruett as they talk with Randy'L Teton about how modeling for the US Mint led to her writing a children's book about Sacajawea. Randy'L Teton is the children's author of It's her story: Sacajawea.

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.  

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)  

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

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

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.

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

#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

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.

Jason Mervyn, a lead IT specialist for the US Mint at West Point, said the agency is figuring out how back end operational technology systems can continue to run without legacy telecommunications technology.

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 

Paulding County News Podcast Wednesday November 1, 2023    Story 1: No Gun Found At East Paulding Homecoming Dance: Sheriff Reports of a gun at the East Paulding Middle School homecoming dance in Dallas, Georgia, were not substantiated, according to the Paulding County Sheriff's Office. During the dance, students began to run away while there were reports of a "gun." Multiple deputies responded to the scene. However, after an investigation, no gun was found, and no injuries related to a weapon were reported. Authorities asked anyone with credible information about a gun at the dance to contact them at (770) 445-2117. The incident caused alarm but ultimately did not involve an actual firearm….. This from The Patch   Story 2: Cobb teacher's estranged husband broke into Paulding home twice before killing her, deputies say A Cobb County teacher, Jasmyn Lambert, was tragically killed in her Paulding County home after her estranged husband, Tyron Victor Lambert, broke into her home and shot her. The couple was estranged, and Tyron Lambert forcibly entered Jasmyn Lambert's residence and threatened those inside with a gun. He fled the scene upon hearing that deputies were called. Deputies initiated a search for Tyron Lambert and issued a "Be On The Lookout" alert. Later, he returned to the house with a gun, leading to a gunshot heard when deputies arrived. They chased and apprehended him. Jasmyn Lambert was taken to a hospital and pronounced dead. She was a third-grade teacher at Still Elementary School, part of Cobb County Schools. Tyron Victor Lambert faces several charges and is held without bond in the Paulding County jail….. This from WSB-TV   Story 3: Former Paulding high school soccer star killed by stray bullet while at work, GBI says Former Paulding County High School soccer star Brianna Long was fatally shot at her workplace, The Pier Bar in Remerton, Georgia. The Georgia Bureau of Investigation (GBI) reported that the shooting occurred around 2:30 a.m. Long, a bartender at the bar, was shot while finishing her work, and the GBI revealed that a dispute outside the bar led to the shooting. Multiple vehicles and the bar itself were also shot during the incident. Brianna Long, who had been a Regional Winner for Positive Athlete Georgia, was a student at Valdosta State University at the time of her death. The investigation is ongoing, and authorities have not identified any suspects or announced any arrests….. This from WSB-TV   Weather: Angie Chavez – Brrrrr. It was a chilly one this morning with the lows plummeting into the 30s and highs in the 50s. It looks the same for the remainder of the week until the beautiful fall weather returns on Friday with the lows in the upper 40s and highs in the low 70s!     Story 4: Paulding Arrest Reports   Kyle Preston Scott was arrested on October 24 for probation violation. Here's what you are saying on Facebook: Samantha Lawson from Dallas said “What in the SoundCloud rapper” Kimberly Rose from Dallas commented “Bro got tweakachu on his neck” Finally Jaxson Fitzgerald tagged Kassidy Rain English and said “i just know he's punchin holes in the wall after his first sip of monster.. ”     Jacob Carter was arrested on October 24 and booked on the following charges: Battery – Simple Assault Some of the top commentors were: Tommy Murray from South Paulding Woods said “He just updating his employee id” Scottie Bingham from Dallas said “Nothing but trouble!!” Corey Fisher from Dallas commented “Bruh again”     AGAIN, PLEASE NOTE THAT THESE INDIVIDUALS HAVE ONLY BEEN ARRESTED AND ARE NOT CONVICTED. THEY HAVE NOT HAD THEIR DAY IN COURT WHEN WE RECORDED THIS PODCAST. WE WISH THEM LUCK ON THEIR DAY IN THE COURT     Story 5:State 4 people, including 2 students, shot near a Georgia college campus On Sunday, four individuals, including two students, were shot near Georgia State University's Atlanta campus. Three of the victims were in stable condition, while one was in critical condition. The shooting was a result of a dispute between two groups, though no arrests or suspects have been disclosed. This incident occurred near a RaceTrac gas station, which was also the site of a shooting in December 2022 where a Georgia State student was killed, and another shooting in April. University officials confirmed that two students were injured in the shooting and announced plans to increase patrols and collaborate with law enforcement to enhance security in the campus vicinity…… This from the Athens – Banner Herald     Sports: Here are your weekly sports updates From the Paulding Sports Chronicles Facebook Page    Scoreboard County New Manchester 14 East 38 *#3 seed in R5 Alexander 0 Paulding County 42 Hillgrove 21 North 47 South 10 Hughes 42 #4 Seed in R5 Hiram 27 Woodland 0(exact pick)#2 Seed in R7 Region Dalton 21 Cartersville 42 Calhoun 29 Cass 52 *first time in 23 years Calhoun out of playoffs Douglas County 41 Newnan 7 Marietta 36 Harrison 28       Story 6: Weird News: Theft of 2 million dimes from truckload of coins from US Mint leaves four facing federal charges Federal authorities have released more details and unsealed charges related to the theft of over 2 million dimes from a tractor-trailer that had picked up the coins from the U.S. Mint in Philadelphia. The truck driver was en route to Miami when the theft occurred, with thieves making off with approximately $234,500 in stolen dimes. The theft was part of a series of robberies targeting tractor-trailers in the region, including frozen crab legs, shrimp, meat, beer, and liquor. Surveillance video showed six individuals breaking into the truck and stealing the dimes, which were later converted into cash using coin machines or bank deposits. Four men from Philadelphia are facing conspiracy, robbery, theft of government money, and other charges in connection with the theft.     Social Stories: FB Post #1: Paulding County Uncensored posted in the Facebook page “Hidden Gems of Paulding(business, trails, etc..)” Some of the top comments were: Megan Graham commented “Piece of Heaven Bakery near the courthouse” Cristy Cline suggested “Hickory Hut BBQ, best chili-cheese burger in town!” Finally Jenn Miller said “ Not in Paulding but not too far, Barn at the Willow. ETA: apparently this is in Paulding ”   FB Post #2: Michael Hoyt from Temple commented in the What's happening in Paulding Facebook page “We're new to Paulding county and Georgia in general. Where is a really good place for fish fry, that serves all the sides too, like Cole slaw, Mac n cheese, etc?” Some of the top comments were: John Diggs form Hiram said “You better run if you're new here , I've been here for 52 years and I hate it” Brenda Murdock Pollak commented “Lee's Kitchen is the best” Karen Carter Rennicks suggested “L&B Seafood in Dallas”         Here are some things you're talking about: Call us with your thoughts or story at ‪(770) 799-6810  Events:   -November 14 @ 10:00 am PCSD hosts Stakeholder Meeting -November 7 – Get out and vote! -November 4 – Solar Sky Watch presented by  Tellus Museum -November 3 – Pictures with Santa at Sweet Shop by Farmer's Table Starting at 2:00pm, 3668 GA-5, Douglasville, GA, 30135      #eventshappeningnearyou #weekendevents #weekdayevents #whatyouaretalkingabout #whatsgoingoninpauldingcounty #events #loveevents #getyououtofthehouse #funforthefamily    Interview: Bob Tressell – Hiram City Council Post 1 www.esogrepair.com      https://www.chattahoocheetech.edu/www.cuofga.org www.daycosystems.com www.angie.atlcommunities.com  www.powerselectricga.com http://www.newseason.cc/   See omnystudio.com/listener for privacy information.

Scoot talks to WWL listeners about why the words "In God We Trust" are missing on a new offering from the US Mint

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/

#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

#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

Here we go again. The Federal Government is butting up against another debt ceiling crisis. They owe a lot of people a lot of money and soon will not be allowed to borrow from the public to pay those debts anymore.But wait. An idea that has been floated around for 30 years is gaining more traction.It's the idea of the US Mint producing a Trillion Dollar platinum coin that can used to pay down the government's current debt and ultimately keeping them from hitting their debt ceiling.It all seems like word salad, so in this podcast episode Derek breaks it all down in simplified terms so you can better understand what a one trillion dollar coin is meant to do.Enjoy!

Hello Students, To join Whatnot as a buyer  Make your first purchase and receive $10 in credit towards a second purchase by using this link--> Click Here ! to Join Whatnot as a seller use this link--> Click Here To Follow PFC Irvines Whatnot Auction Streams Click Here (By joining Whatnot through the provided links it will support the show) To Shop the Enhancing Your Collection Items: EYCC Store 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 Join the FB Group Students of the Learning to Deal Podcast

Chuck Zodda and Marc Fandetti disagree about what the fallout could be if the US pushes past the x-date or even defaults. The guys get sidetracked looking at what kind of coins you can actually buy from the US Mint. Todd Lutsky drops by for 'Ask Todd.' Mr. Lutsky details what happens if your spouse dies and you haven't set up an estate plan yet and how to protect a parents house from the nursing home.

$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

Support the show: http://www.newcountry963.com/hawkeyeinthemorningSee omnystudio.com/listener for privacy information.

Originally Aired:  May 30, 2022On this episode, we welcome Ventris Gibson , Director of the US Mint and Academy Fellow, to discuss her experiences in the federal government and local government hiring space and best practices to recruit and retain public service employees.View the US Mint's American Women Quarters Program Music Credits: Sea Breeze by Vlad Gluschenko | https://soundcloud.com/vgl9Music promoted by https://www.free-stock-music.comCreative Commons Attribution 3.0 Unported Licensehttps://creativecommons.org/licenses/by/3.0/deed.en_US

Tom Bodrovics welcomes Bix Weir, and Steve St. Angelo for a lively and professional debate around metals manipulation and mining. Bix believes there is a large amount of gold in the Grand Canyon region, while Steve believes it's uneconomic to mine both logistically and due to energy costs. The conversation focuses on Charles Spencer and his attempts to mine gold in the area in the early 1900s, and how his efforts failed due to the fineness of the gold and the lack of a profitable return. They also discussed the New York Times article from 1912, which Steve speculated was an attempt to get more investors to invest in the mining operation even though it had been shut down. The conversation then turned to the KISS principle, with Steve discussing the energy return on investment of oil, and how it has been steadily falling since its peak in 1970. This has caused a variety of issues, such as inflation, and Steve believes that it is more important to focus on energy than to get lost in the details of the manipulation theory. Louis McFadden, the chairman of the Committee on Banking and Currency from 1920 to 1932, was then discussed, with Bix believing that he wanted to fix the problem of mines being uneconomical by introducing a tax of fifty percent. This was intended to give the miners a premium and encourage more gold production. Steve looked at the issue from an energy perspective, stating that the real problem is not the manipulation of the gold and silver price, but the lack of available energy and the way in which it has been siphoned away from poorer countries to the more developed nations. The two experts then discussed gold and silver as money. Steve argues a lot of this money has been lost throughout time. Bix also spoke of the fixing of the price of gold at $20.67 in the US in 1900, which the banks knew would cause a lot of mines to fail due to the increasing costs. Finally, Bix and Steve discussed institutional investors and their lack of understanding for investing in silver and gold, and how the US Mint is required by law to produce coins in quantities equal to demand, yet they are only producing a third of what they are capable of. They attributed this to the new Mint director, Ventress Gibson, who has never been in charge of the Mint before and is an HR professional. They believe that something bigger is going on and that the US Mint is holding back coins from the public. They agree that gold and silver prices have been manipulated by large banks and the US government, but they disagree on the role of energy in the pricing. They also discuss the KISS principle, the energy cliff due to declining oil production, the Comex, and the US Mint's apparent lack of increased production of silver eagles. They emphasize the importance of energy, saying that it always comes first and is the foundation of the economy and all that we do. Lastly, they agree that silver will outperform gold in the coming years. Timestamp References:0:00 - Introductions4:47 - Grand Canyon Gold?21:30 - 1900 Gold Supply33:54 - Gold Price Fixing36:57 - Taxes on Gold41:18 - Counterarguments50:00 - Gold Manipulation Chart1:00:10 - Derivative Impacts1:01:43 - Today's Production Costs1:06:05 - Supply/Demand & Price1:09:55 - Mining & Energy Use1:15:25 - 1980 Highs & Benchmarks1:25:40 - High Frequency Trading1:27:10 - Reserve Disparities1:29:34 - Silver Eagles & Supply1:39:12 - Energy & Fairy Tales1:45:22 - Energy & Crypto Mining1:46:54 - COMEX, Hedging, & ETFs1:57:22 - Revaluation & Metals?2:03:24 - Shale & Energy Sunset2:06:20 - Silver Lining Wrap Up Talking Points From This Episode Bix believes that there is a large amount of gold in the area near the Grand Canyon and that freely traded gold would be easier to mine.They discuss the EROI of oil, and how it has been steadily falling since its peak in 1970.They discuss the importance of holding silver while Steve stresses the importance of energy production in the future economy.

We start Season 4 of The Planchet podcast with a very special guest: Ventris Gibson, the 40th Director of the US Mint. Gibson is the first African-American to serve as Director, and is the 7th woman to serve in this position. Director Gibson is a U.S. Navy veteran who joined the Mint from the District […] The post Season 4, Ep. 1: Five Questions with Ventris Gibson, Director of the US Mint appeared first on American Numismatic Society.

This week on Lady History: It's the Season 2 Season Finale! This year the US Mint started a program to honor women with quarters with five new designs based on women from American history. Four of 2022's five honorees* have been covered by us on the show, so to celebrate the end of 2022 and the end of Season 2, we are taking a look back at outstanding orator Maya Angelou (S1 EP 12 "The Lady History Library"), famous first-flyer Dr. Sally Ride (S1 EP 23 "Space Oddities"), compassionate Chief Wilma Mankiller (S1 EP 11 "[Insert political joke here]"), and praiseworthy performer Anna May Wong (S1 EP 37 "Lights, Camera, Action"). Read more: https://www.usmint.gov/learn/coin-and-medal-programs/american-women-quarters Logo by: Alexia Ibarra Editing by: Alana Stolnitz Music by: Alana Stolnitz Archival audio in this episode is from Anna May Wong's performance in "Lady from Chungking," NASA's recording of Sally Ride's flight, radio Interview with the Director of "Mankiller". Audio of Maya Angelou: Courtesy; William J. Clinton Presidential Library A full text transcript of this show, as well as sources, attributions, and further readings, can be found at ladyhistorypod.com Support us on Patreon for just $1: www.patreon.com/ladyhistorypod Follow us on Twitter, TikTok & Instagram: @ladyhistorypod Have a question? A business inquiry? Contact: ladyhistorypod@gmail.com Leave us an audio message for a chance to be featured in the show: anchor.fm/ladyhistory/messages Special thanks to anchor.fm for sponsoring our podcast. *The honoree we have not covered is Nina Otero-Warren,a leader in New Mexico's suffrage movement and the first woman superintendent of Santa Fe public schools. We hope to cover her story soon.

The Economic Ninja talks with Patrick Yip of Apmex about the wild prices on the American Silver Eagle and Gold Eagles right now and what we can expect in both the Gold and Silver prices in the future in relation to the physical premiums. If you want more information on the Apmex Bullion Credit Card here are the links: APMEX - https://onegold.me/3fkwmq5OneGold - https://onegold.me/3DPLkxt

My guest, Paula Yoo is a screenwriter, producer, violinist and author of several books for young readers including the gorgeous picture book Shining Star: The Anna May Wong Story, with illustrations by Lin Wang. We talked about the significance of the new quarter featuring Wong, the first Asian American to be on US currency, her difficult, but fruitful career as a movie actress and how her story relates to the challenges we face as a society today. Learn more about Paula Yoo's books on her official site The official US Mint page for the Anna May Wong Quarter Films discussed: Picadilly (1929) The Toll of the Sea (1922) Other recommended films featuring Anna May Wong: Drifting (1923) The Thief of Bagdad (1924) Shanghai Express (1932) A Study in Scarlet (1933) Dangerous to Know (1938) Lady from Chungking (1942) Watching Classic Movies Reels featuring Asian American stars from Classic Hollywood: Nancy Kwan in The Wrecking Crew (1968) Nancy Kwan in The Wild Affair (1965) Anna May Wong in Shanghai Express (1932) Toshia Mori in Blondie Johnson (1933) Reiko Sato and James Shigeta in Flower Drum Song (1961) The show is available on Spotify, PocketCasts, Breaker, Stitcher, Anchor, Google, Radio Public, and YouTube. Watching Classic Movies podcast is also available on Apple Podcasts! If you are enjoying the show, please give it a 5-star review and share it with your friends. Like the podcast? Want to hear more frequent episodes? Subscriptions are as low as 99 cents a month, click on the Support button here. --- Support this podcast: https://anchor.fm/k-cruver/support

Yesterday the US Mint announced we're getting new coins… including quarters that depict Maya Angelou… and Astronaut Sally Ride.  And for some reason this story… made my producer SNAP.  She was losing it.  All because the washing machine at her apartment… takes quarters.  Five quarters.  And apparently yesterday was not easy on a young woman who needs quarters… in the United States of America. what happened, Jess?See omnystudio.com/listener for privacy information.

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 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 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 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

In this episode, Noah and Vivian answer questions they received on the JPEG2000 hotline voicemail. If you have questions or comments, you can always leave a message too at 845-377-3484. To kick off the episode, Noah and Vivian collect from a project called Dropicall, created by artist GOODNEWSFORBADGUYS through Mezannotte, a curated platform for NFT projects. The Dropicalls look like little phones, which is on theme for a show centered around phone call voicemails. The piece JPEG2000 collected looks like this. After collecting, Matt from Mezannotte left a voicemail on the hotline, quickly to talk about Dropicall and Mezannotte's upcoming project White Hearts. The first call Noah and Vivian respond to comes from Jonathan Mann, the song a day man and Digitally Rare podcast host, who calls to share his thoughts about how language that begins in cryptocurrency influences the language of NFT art. This leads to a random conversation about visiting the US Mint and $2 bills. Kristen Cabrera , Web Developer extraordinaire at Foundation calls in to ask about why it is common to deploy contracts from burner wallets. Noah and Vivian do not know they answer, and have Malone, developer at Context.app, explain the answer. This leads to a conversation about chickens for some reason. The conversation is interrupted by a call from JPEG2000 podcast editor, Paul O'Mara, with a question about how to mint nfts. Vivian goes to Paul's house to help him. They discuss many things, including what is a smart contract. Sam Mason de Caires, previously at Foundation but now at Rainbow, to explain smart contracts. Paul creates his own smart contract, and mints a photograph titled Nitehawks, which Noah and Vivian problematically collect. When Vivian returns back to recording the episode, Noah has aged from the amount of time Vivian was gone. Photographer Aleck Venegas calls in from the streets of Manhattan to ask a question about NFT editions and re-editioning. Noah and Vivian talk again about Sam King's project ICE64. Writer Emily Sundberg calls in to ask about JPEG2000's vision for shopping in the metaverse, and what are ways brands can participate without being corny. Noah and Vivian do not really answer the question, but talk about Charmin toilet paper nfts. They also discuss David Rudnick's project Tombs, which Noah and Vivian both minted. A final question came in from photographer David Fitt on the Desire Path discord server, about if it's possible to mint NFTs from your phone. Vivian was able to deploy a smart contract on Foundation from her phone. She later minted nfts from her phone onto the smart contract, called PHONE.  Noah forgot Vivian's birthday :(  

In this episode, Gavin ponders the question: Should The US Mint get rid of the penny? The penny has become less and less valuable in society as the days pass. By investigating the past, present and pros and cons of the penny Gavin and you can come to a conclusion. A penny for your thoughts on the future of this valuable(?) coin.

Juliet spoke with the Mint to find out why Jacob's bank hasn't had quarters in months, and why simply minting more coins won't solve the problem. Plus: Rivian's cranking out trucks, and Japan could start jailing people for insulting memes. Join our hosts Jacob Cohen and Juliet Bennet Rylah as they take you through our most interesting stories of the day. Thank You For Listening to The Hustle Daily Show. Don't forget to hit Subscribe or Follow us on Apple Podcasts so that you never miss an episode! If you want this news delivered to your inbox, join millions of others and sign up for The Hustle Daily newsletter, here: https://thehustle.co/?utm_source=hustle-daily-podcast&utm_medium=referral&utm_campaign=show-notes Plus! Your engagement matters to us. If you are a fan of the show, be sure to leave us a 5-Star Review on Apple Podcasts https://podcasts.apple.com/us/podcast/the-hustle-daily-show/id1606449047 (and share your favorite episodes with your friends, clients, and colleagues). The Hustle Daily Show is brought to you by The Hustle in partnership with HubSpot Podcasts.

New episodes of "Black Diamonds" return after baseball's All-Star Game in July. Be sure to follow Bob on Twitter (@nlbmprez) for information on your chance to catch a live taping of "Black Diamonds" at the All-Star festivities in Los Angeles. Support the Negro Leagues Baseball Museum through Commemorative Coins at the US Mint.Visit the Negro Leagues Baseball Museum in Kansas City - https://nlbm.com

#AndySchectman: Why #silver eagle premiums are soaring Despite silver hovering around the $22 mark on the COMEX, the premium on US Silver Eagles has been soaring. Is it a matter of shortage availability, or another inefficiency of the #USMint? In this week´s #physicalsilver report, Andy Schectman of Miles Franklin checks in to explain what's going on with the US Mint, and share what the retail physical silver order flow has been like recently. So to find out more, click to watch this video now! - If you have questions about silver products, or would like ot buy or sell phyiscal silver, email Arcadia@MilesFranklin.com - To find out more about Blackrock Silver´s recent resource estimate go to: https://blackrocksilver.com/blackrock-commences-fully-funded-tonopah-west-resource-expansion-step-out-program/ - To get Arcadia silver videos delivered straight to your email inbox 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/ - 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 - Follow Arcadia Economics on Twitter: https://twitter.com/ArcadiaEconomic - To receive updates about Arcadia option trading events: https://arcadiaeconomics.com/options/ - #silver #silverprice And remember to get outside and have some fun every once in a while!:) (URL0VD)Subscribe to Arcadia Economics on Soundwise

Today - The Eagle County School District and Habitat for Humanity are working together to build homes for educators amidst the affordable housing crisis. See omnystudio.com/listener for privacy information.

The US mint reported the strongest quarter for gold since 1999. Americans are flocking to physical gold and driving premiums higher and higher. First, let's get around the premiums. Second, make sure you have physical because when it hits the fan, many people who think they have gold will have none at all.   Sign Up for Vaulted Today https://vaulted.blbvux.net/2rXX47 

This week, we travel to Denver, Colorado. Home of the Denver Nuggets, Colorado Rockies, Red Rocks Amphitheatre and an airport with more conspiracy theories than any other airport in the US. Did you know that the airport is rumored to be the headquarters for the Illuminati?! We'll tell you how to navigate the beer tours of Denver, including Coors Brewing. Or are you more interested in the US Mint? What about the Molly Brown Museum (yes, it's a thing)? Plus, a Reddit travel horror story involving a chicken bus, a hostel and a luggage search by the military.  Make sure to follow us on Instagram @OurSavingsStartsTomorrow  Thanks to Heart Soul Heat's Ghost Honey for sponsoring our podcast. www.heartsoulheat.com Also, www.websitefeedback.io. Increase your conversions while decreasing customer acquisition cost!