Double Eagle Headlines: May 23, 2023


McCarthy says there’s STILL no Biden debt limit deal – but ‘I believe we can get it done’
Speaker insists there has FINALLY been progress with just 10 days to strike a deal and avoid a catastrophic default.

Biden said he and Speaker Kevin McCarthy spoke about reaching ‘bipartisan agreement’ on a budget standoff that has the nation facing potential default within days – but they announced crossing no major milestones to get them there.

Biden said it was ‘pretty well divided in the House’ and ‘not different in the Senate’ and called to ‘get something we can sell to both sides’ – a statement about the legislative mechanics that will be required to move any deal through Congress… (Continue to full article)

Veterans benefits, Social Security and Medicare payments, and SNAP could be among the first federal programs at risk if the US defaults in 10 days
Last week, the think-tank Bipartisan Policy Center published an analysis on the federal programs that would be at risk in the first days and months following a default on the nation’s debt. Treasury Secretary Janet Yellen warned Speaker of the House Kevin McCarthy that the US could run out of money to pay its bills as soon as June 1 , but even with the severe time crunch, McCarthy and President Joe Biden have yet to reach an agreement on raising the debt ceiling before that deadline.

The US has never defaulted on its debt, so no one can say with certainty what will happen once the government can no longer afford its spending obligations. But the Bipartisan Policy Center used daily Treasury statements, which it said are “subject to significant uncertainty and variability of cash flows,” to estimate which federal programs could be among the first at risk in the event of a default.

In the first ten days of June, the government could be unable to afford the following programs… (Continue to full article)

Who Can Take Your Money – with a Twinkle in Your Eye?

‘Oy Vey’ – The Looting Bankers

JPMorgan Is Freezing Customer Bank Accounts in New Scandal
Republican attorneys general from 19 states say the bank is “persistently” discriminating against its own clients and closing bank accounts without warning.

The law enforcement officials, led by Kentucky Attorney General Daniel Cameron, sent a letter to JPMorgan CEO Jamie Dimon stating that the banking giant’s practices go against the company’s own policies on equality, per Business Insider.

The letter, which has now been published by the Wall Street Journal, states that JPMorgan has repeatedly discriminated against customers based on their religious or political beliefs… (Continue to full article)

Social Security Beneficiaries Have Lost 36% of Their Buying Power Since 2000
Many seniors rely heavily on Social Security to cover their expenses in retirement. Granted, some people manage to kick off their senior years with savings and have investments that pay them continuously during their 70s, 80s, and beyond. But for a lot of people, Social Security is really their only source of income. And it’s seniors in this boat who have been getting hurt financially for several decades and counting.

The reason? New data from the nonpartisan Senior Citizens League reveals that Social Security recipients have lost an astounding 36% of their buying power since 2000. What’s particularly surprising about that figure is that it’s coming on the heels of the program’s most generous cost-of-living adjustment (COLA) to come down the pike in decades.

At the start of 2023, seniors on Social Security saw their monthly benefits increase by 8.7%. In spite of that, long-term Social Security recipients have lost a ton of buying power over the past 23 years. And that trend is, unfortunately, likely to just continue unless lawmakers take action… (Continue to full article)

About admin

Please allow me to introduce myself; I am Jeffrey Bennett, President of Kettle Moraine, Ltd., the parent of Sierra Madre Precious Metals. I have been married for 52 years with two children and four grand-children, a veteran of Viet Nam, student of history (both American and film), and was host for fifteen years of Perspectives on America on the alternative airwaves, covering such subjects as, health and wellness, news, political satire, education and editorial commentary on current events through the teaching of history, and Protecting Your Wealth. In early 2018, I took a several month hiatus to complete some family business but returned to airwaves April 17, 2018). At the age of ten, I sat in a bank-vault in the Citizens Bank of Mukwanago, Wisconsin with my grandfather going through bags of old American Peace dollars, hand-selecting each coin as dated rolls of 20 coins were carefully put together and rolled. Learning of the history of these beautiful pieces of Americana, I asked my grand-father, "Why are we doing this?" to which he replied, "Because someday they are going to do the same thing with the silver in our money that, that (S.O.B.) Roosevelt did with gold in 1933." It took only six-years for his prediction to come to pass at the hands of a disciple of Roosevelt's... and what will a Federal Reserve 'dollar' purchase today - and what will that old 90% Silver Peace Dollar purchase? Although at the age of ten, there was little understanding of the meaning of it all, over the next half-century I became well-versed on the subject matter. During this summer of my education, I began to purchase silver coins as a collector and some small, international gold coins two years later - not an easy feat in the shadow of the Roosevelt confiscatory policies of 1933. Although those policies remained in effect until the mid-1970's, it was not until 1991 that I found that one could make a living providing precious metals and collectible, historic numismatic coins to a willing and concerned clientele. It was also during that year, that I began a relationship with one of the first Trust companies to give the public access to gold and silver as part of an Individual Retirement Account (IRA) - and Kettle Moraine, Ltd., founded in 1995, but have ceased providing service due the the intense change-over of the provider. In November 2011, after a 15 month broadcast on another network, I returned to the airwaves with my then revamped program, Life, Liberty & All That Jazz, and for over a quarter-century, I have been proud to serve the family of listeners of my numerous broadcast programs for physically-held precious metals for investors and collectors alike. On March 23, 2020 I launched my brand new - appropriately named program, The Edge of Darkness on the Republic Broadcasting Network, and thus continue to  remain available to our long time clients and their families. Ah yes - find out what "inter-generational" wealth provision has done for our clients over the past three decades. Don't buy the sizzle of that steak until you understand the cost! In other words, don't buy the bull being dispensed by the 'rare coin' pitchmen until you understand the full story. We, at Sierra Madre Precious Metals, will be proud to serve your needs.
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