- Legendary financial guru Peter Schiff weighs in on the gold market. Should you hold off or should you buy?
- Mississippi becomes the 43rd state to end sales taxes on the purchase of precious metals.
- Home foreclosures surge in the first quarter of 2023.
- The Biden regime says it will soon implement a new rule requiring homebuyers with good credit to pay higher mortgage rates in order to subsidize those with poor credit.
- And Shark Tank star Kevin O’Leary says he’s made a business decision to back away from New York City. He’s done with the Big Apple. We’ll tell you why.
All these stories and more when the Worldview Financial Report begins, right now!
Good evening and welcome to the Worldview Financial Report.
Financial investor and commentator Peter Schiff reports that Gold has alternately rallied and tanked over the last week based primarily on how investors view the inflation fight.
In a recent podcast, Schiff explained that investors are right to buy gold based on inflation. But they’re completely backward in their reasoning.
After the CPI came in cooler than expected, gold rallied to a 52-week high. But then we saw a big selloff when the retail sales numbers for March came in weaker than expected. The projection was for retail sales to fall by 0.4%, but they ended up dropping by 1%.
There were also some manufacturing numbers that were weaker than expected.
One would have thought that would be bullish for gold, Schiff says, “because that gets traders thinking about ‘Oh, the Fed can’t hike as much,’ or they’re going to cut more — the economy is weaker. But instead of rallying on that news, gold tanked.”
Here is Schiff talking about his forecast for gold on his weekly podcast.
WATCH VIDEO (clip from 2:19 mark to 5:46 mark)
There you have it: Peter Schiff, predicting that gold still has a long way upward to go before it’s all said and done.
Schiff went on to point out that Warren Buffet recently said inflation isn’t going away and that he accurately explained politicians don’t have any incentive to cut spending or take the other difficult steps necessary to slay inflation. Just look at the budget deficit for the first six months of fiscal 2023. Meanwhile, there isn’t even talk about reining in government spending.
“No one is going to cut spending. No one is raising taxes. So, how are they going to pay for these deficits? Exactly the way Warren Buffett said they will — by creating inflation. So, it’s here to stay. It’s going to go up, and that means gold is going ballistic. The gold price is on a launch pad right now, ready to go to the moon. When it takes off, it’s hard to say, but you’ve just got to get on board this rocket.”
With the stroke of Governor Tate Reeves's pen, Mississippi has become the 43rd state in the country to end sales taxes on the purchase of physical gold, silver, platinum, and palladium coins and bullion.
Senate Bill 2862, sponsored by Democrat State Senator Juan Barnett, had passed out of the full senate by a vote of 52-0 and sailed through the House of Representatives by a vote of 115-0. The law will take effect on July 1.
Backed by the Sound Money Defense League, Money Metals Exchange, and in-state Mississippi dealers and investors, this year's legislative effort built upon a multi-year grassroots campaign waged by sound money activists.
Taxing all precious metals purchases has become an outmoded and even controversial practice in the United States. Only seven states still engage in it.
Every one of Mississippi's neighbors (Alabama, Louisiana, Kentucky, and Tennessee) had already stopped taxing the monetary metals. Most recently, Tennessee ended this tax in 2022, and Arkansas and Ohio eliminated this tax in 2021. And additional states may pass their own exemptions this year.
The Mississippi sales tax on gold and silver had discouraged citizens from protecting their savings against the devaluation of the dollar – or driving them to look for out-of-state options.
In the first quarter of this year, home foreclosures surged, as reported by property data firm Attom. Following a two-year lull, pandemic-related housing assistance programs are winding down. And that means homeowners who chose not to make mortgage payments during the pandemic are now either negotiating new terms with lenders, selling their properties, or, as current trends suggest, facing foreclosure, according to a report by Zero Hedge. This troubling rise coincides with consumers falling behind on their credit card payments.
While still below pre-pandemic levels, foreclosure filings during the first quarter of 2023 totaled 95,712 properties, up 6% from the previous quarter and 22% from a year ago. This was the 23rd consecutive month with a year-over-year increase in foreclosure activity.
Just the News reports that the Biden administration will soon implement a rule requiring homebuyers with good credit to pay higher mortgage rates in order to subsidize those with poor credit.
The Federal Housing Finance Agency's new rule will take effect on May 1 and only impact those buying houses or refinancing after that date, according to the Washington Times.
Federal Housing Finance Agency Director Sandra Thompson said the change would “increase pricing support for purchase borrowers limited by income or by wealth,” per the outlet, and would only result in “minimal” fee changes.
Bay Equity Home Loans senior loan officer Ian Wright told the Times:
“The changes do not make sense. Penalizing borrowers with larger down payments and credit scores will not go over well. It overcomplicates things for consumers during a process that can already feel overwhelming with the amount of paperwork, jargon, etc. Confusing the borrower is never a good thing.”
He added that:
“I am all for the first-time buyer having a chance to get into the market, but it’s clear these decisions aren’t being made by folks that understand the entire mortgage process.”
Government-supported housing companies Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac) will oversee the price adjustments.
Shark Tank star Kevin O’Leary has made headlines recently for his decision to move his businesses out of both New York City and Massachusetts.
In a video announcing the move, O’Leary cites high taxes, unstable policies, and a lack of safety as major factors in his decision to relocate. O’Leary is not one to shy away from controversy, and his departure from two Democratic-led cities has garnered much attention, particularly from those who share his conservative views.
Washington Examiner reports New York City, the city that never sleeps, has been plagued with a spike in crimes that has left the residents with no choice but to flee. Even the famous Shark Tank star Kevin O’Leary has declared the city a “war zone” and has announced that he will relocate his businesses to more business-friendly states like Florida, Tennessee and North Dakota.
According to O’Leary, the high taxes and punitive policies of Democratic-led cities such as New York City and Los Angeles have made these places unbearable for investors, entrepreneurs and employees alike. The lack of proper management in these cities has led to a dangerous spike in crimes, making them unsafe for anyone to live or work.
Here is O’Leary talking about why he will no longer invest in New York City.
So 1,200 wealthy individuals a day are moving out of New York and into red states like Florida and Tennessee. Let’s hope they don’t bring their liberal voting patterns with them or that will turn these havens into the hell holes they wanted to escape.
And some are now saying that Portland, Oregon, is becoming the New York City of the West Coast, plagued by many of the same problems of rising crime, homelessness, and drug use.
We’ve reported over the last several weeks that companies such as Walmart and Cracker Barrel are moving out of Portland.
Now there’s another.
The decision comes despite the company’s efforts to increase security at the location.
REI’s Portland store has been situated in the city’s Pearl District since 2004, but the recent spike in crime has made it financially unsustainable for the retailer to continue operations there.
REI spokesperson Megan Behrbaum informed Oregon Live of the costly investments the company has made in store security, such as replacing windows with security glass, hiring private security around the clock, and installing a surveillance trailer at the loading dock.
Despite these efforts, the store has been overwhelmed by the volume of break-ins, shoplifting, and other crimes.
Behrbaum disclosed that REI spent over $800,000 on additional security last year alone but still experienced 10 burglaries.
She also noted the company’s unsuccessful attempts to work with its landlord, Brolin Co., to address safety concerns.
As the security measures necessary to protect customers and employees are no longer financially viable, REI has decided to close the Portland store before its lease ends in early 2024.
Here’s a report from CBN News on what’s driving businesses out of Portland.
WATCH VIDEO (clip first 3:30)
The CEO of Anheuser-Busch, the parent company that owns Bud Light, is a former Marine turned CIA officer who is now tasked with trying to fix the companies’ damaged image after a failed transgender marketing campaign.
The company has now lost more than $7 billion since it released a commemorative can featuring transgender activist Dylan Mulvaney to honor his first 365 days of “transitioning.”
Dan Dicks of the Press for Truth podcast recently covered the backlash that Bud Light has received and also the free market conservative and capitalist response that is gaining a lot of popularity.
WATCH VIDEO (clip from 2:45 mark to 3:30 mark)
<iframe width="640" height="360" scrolling="no" frameborder="0" style="border: none;" src="https://www.bitchute.com/embed/Ul1L6d1fijHf/"></iframe>
Lawmakers in Michigan have submitted an urgent request to their members of Congress for an investigation of a company that Governor Gretchen Whitmer has been proposing to subsidize for its construction of a battery plant in her state.
Whitmer previously announced plans for a $2.3 billion facility to be owned by the Chinese company Gotion High-Tech Co.
It would build battery components at a new facility in Big Rapids, and create “2,350 good-paying jobs,” Whitmer has claimed, explaining that, to her, it’s all about attracting investment into her state for electric vehicles, which, incidentally, almost no American consumers want to buy, and many of those who have purchased one say it will be their last. EVs simply don’t perform up to the hype.
Now, a coalition of GOP state senators, including Senators Lana Theis, Ed McBroom, Joe Bellino, Dan Lauwers, and Kevin Daley, has asked Michigan’s congressional delegation to investigate Gotion and its subsidiary lined up for the Michigan project.
The Republican senators wrote:
“We are writing to urge you to use all federal resources available to immediately investigate whether Gotion High-Tech Co., Ltd., as registered on the Swiss Stock Exchange, has ties or contracts with foreign countries that have an adversarial relationship with the United States of America. In light of the time sensitivity of this matter, we kindly request that you work to take swift action. Your prompt attention to this issue is greatly appreciated, and we look forward to hearing from you soon.”
The senators explained that Gotion is “a Chinese Communist Party-affiliated battery manufacturer.”
They also pointed out that the deal Whitmer cut with the Chinese communists has “largely been crafted in secret,” including the use of $175 million from just one state fund, and more from other funds that could total an $800 million taxpayer-funded handout to the CCP-linked company.
They further stated in their letter:
“In addition to the company’s direct ties to the CCP, which presents a national security risk, the plan has come under scrutiny for its secrecy and lack of oversight, which may present environmental and public safety risks as well.”
And, it gets worse. A report from the National File charged that the company involved with Whitmer also has “close ties with the Taliban,” as it seeks access to Afghanistan’s vast lithium mines. Lithium is a core component for electric vehicle batteries and countries like Afghanistan have been known to use child labor to mine the chemical element.
In news from the media world, the Biden economy has not been kind to certain members of the mainstream media.
BuzzFeed News is the latest casualty, announcing it will be shutting down.
In an email to staff shared with NBC News, BuzzFeed CEO and co-founder Jonah Peretti said the move was part of a 15% workforce reduction across a number of teams.
“While layoffs are occurring across nearly every division, we’ve determined that the company can no longer continue to fund BuzzFeed News as a standalone organization.”
Peretti said he had overinvested in BuzzFeed News “because I love their work and mission so much,” adding:
“This made me slow to accept that the big platforms wouldn’t provide the distribution or financial support required to support premium, free journalism purpose-built for social media.”
He added that he had failed to “hold the company to higher standards for profitability” to give it a buffer during downturns.
Moving forward, BuzzFeed will have a lone news brand, HuffPost, a far-left news outlet which BuzzFeed acquired in 2020 and which Peretti said “is profitable, with a loyal direct front-page audience.”
There’s a new plant-based treatment that claims to keep produce fresh longer, resulting in less of it going to waste.
The woke company that produces the substance claims its use will help conserve resources such as water as it combats climate change and saves the planet.
But some consumers are not so sure about the new treatment, known as Apeel.
The Apeel website touts its product as a colorless, odorless and tasteless coating made of purified mono- and diglycerides that “creates an optimal microclimate inside every piece of produce, which leads to extended shelf life.”
It shows impressive time-lapse photography with side-by-side examples of avocados in which the untreated fruit turns shriveled and moldy while the treated version still looks fresh and appealing.
According to the company’s website, Apeel-treated avocados, limes and apples — including organic varieties — are now being carried at major U.S. grocery stores.
Apeel-treated avocados and citrus are being sold in Europe. Canadian stores are carrying cucumbers treated with the substance.
But the fact that Bill Gates’ name is associated with the product’s development is a no-go for many people. As Western Journal reports, they distrust the billionaire, who has bought up extensive swaths of American farmland, and heavily invested — to the tune of $1.75 billion — in COVID vaccine technology. He’s also invested in fake meat grown with cancer cells.
The Bill and Melinda Gates Foundation website confirms that it pledged more than $985,000 in 2015 to the development of “aPEEL Technology, Inc.,” explaining its purpose was to “extend the shelf-life of crops without refrigeration and protect them from being eaten by pests by developing a molecular camouflage that uses cutin from plant extracts to create an edible, ultrathin barrier on the crop surfaces.”
One objection some people have is that the coating can’t be washed off, requiring consumers to trust the company’s assurances that it is safe and effective. Where have we heard that before, right?
The company insists its product is safe to eat.
But if Bill Gates has his fingerprints on it, you might want to, shall we say, proceed with caution.
Time now for our Worldview Financial Report commentary.
American Military News reports that solar panels at one of the largest U.S. military installations were “probably made in China,” the secretary of the Army admitted during a congressional hearing Wednesday.
The comment came as the U.S. is decoupling parts of its economy from China amid intensifying competition between the superpowers.
Army Secretary Christine Wormuth said she could not vouch for whether a solar panel array at North Carolina’s Fort Bragg was made in the U.S. during a meeting of the House Armed Services Committee.
The conversation was captured in a YouTube clip uploaded by Washington Free Beacon.
So she finally owned up to what she knew the whole time but was trying her darndest to avoid answering. The solar panels powering portions of Fort Bragg are made in China, with slave labor, using coal shipped in from Russia, all so the U.S. Army can virtue signal about how “sustainable” it is. This woman ought to be fired yesterday. She is no more qualified to run the Army than General Mark Milley is to be advising the president on matters of national defense.
That does it ladies and gentlemen for this edition of the Worldview Financial Report. If you enjoy this viewer-supported broadcast, I hope you will help us keep it on the air. There are a couple of ways you can do that…
Until next time, I’m Brannon Howse. May God save America. Take care.
Call 901-468-9357 for phone orders or to make a donation
Get your free, no obligation packet on precious metals by texting or calling Wes Peters with Swiss America at 602-558-8585
FREE SHIPPING - Click here and visit www.wvwtvstore.com to order emergency, freeze-dried food that will last 25 years.
Please help us with the huge cost of producing and distributing FREE radio and television programs by making a contribution at www.wvwfoundation.com or by calling 901-468-9357 or by sending your contribution to:
P.O. Box 1690
Collierville, TN 38027
Please go to www.Mypillow.com and use the promo code WVW to save up to 66% off and Mike Lindell will give a generous percentage back to WVW-TV to support our free broadcasts.
We're a 100% Listener Supported Network
3 Simple Ways to Support WVW Foundation
Make Monthly Donations
A One-Time Donation
Mail In Your Donation
Worldview Weekend Foundation
PO BOX 1690
Collierville, TN, 38027 USA
Donate by Phone