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Alasdair Macleod: Currency exchange value dynamics
7:30p ET Thursday, March 1, 2018
Dear Friend of GATA and Gold:
GoldMoney research director Alasdair Macleod writes today that the world reserve currency could collapse faster than anyone expects and that such a day may be close than anyone expects.
"The prospects for the dollar are already deteriorating," Macleod writes. "The U.S. budget deficit is escalating at the most inappropriate stage of the credit cycle, leading in turn to increasing U.S. trade deficits, and therefore net selling of yet more dollars on the foreign exchanges.
... Dispatch continues below ...
Peat Resources Ltd. Engages Better Chain S.L.
in Launch of Cobalt Blockchain Project
Company Announcement
Thursday, March 1, 2018
TORONTO -- Peat Resources Ltd. (TSXV: PET) is pleased to announce that it has engaged Better Chain S.L. in the launch of the company's project to provide a blockchain-based platform to demonstrate compliance of cobalt and other minerals (the Cobalt Blockchain Project) with international standards on responsible procurement.
"Manufacturers and end-users are demanding more transparency on the origin of minerals to ensure compliance with international standards and that all materials procured are conflict- and child-labor-free," said Lance Hooper, Peat's president and chief operating officer. "To help meet these demands we are pleased to welcome Better Chain to the Cobalt Blockchain Project. Their wealth of experience will add immense value to our efforts in developing an integrated platform for mineral supply chains with an immediate focus on unlocking the potential of ethically-sourced cobalt from the Democratic Republic of the Congo." ...
Peat Resources Ltd. is a Canadian resource company expanding its exploration and development business to include interests in cobalt and other mineral assets, with existing licenses for conflict-free mineral and metals provisioning in the DRC, and exploring distributed ledger technology-based certification to ensure a socially-responsible cobalt supply chain with the Cobalt Blockchain Project. ...
... For the remainder of the announcement:
https://ceo.ca/@newswire/peat-resources-limited-engages-better-chain-sl-in
"Government funding through Treasury issues is set to accelerate at a time when overseas ownership of U.S. dollar-denominated bonds, which increased while the dollar was strong, are likely to sold, now that the dollar is weakening. A falling dollar means rising commodity prices on the exchanges, rising domestic inflation, and a sliding bond market. The Fed, having an eye on the risks to both private sector and government debt, is likely to be too slow to counter these negative forces."
Macleod's commentary is headlined "Currency Exchange Value Dynamics" and it's posted at GoldMoney here:
https://www.goldmoney.com/research/goldmoney-insights/currency-exchange-...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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