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IMF may shower member nations with $500 billion in Special Drawing Rights
Yellen Tells G7 Finance Ministers to 'Go Big' with Fiscal Support
By James Politi
Financial Times, London
Friday, February 12, 2021
Janet Yellen, the U.S. treasury secretary, pressed G7 finance ministers and central bank governors to "go big" with fiscal support for the global economy and said the Biden administration would return to "international engagement" following four years of scepticism from Donald Trump.
According to a spokesperson for the U.S. Treasury, Yellen said Washington was committed to "multilateralism to solve global issues" and placed "a high priority on deepening our international engagement and strengthening our alliances." ...
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Great Bear Provides Detailed New Sections
and Drills Near-Surface High-Grade Gold
at LP Fault: 13.38 g/t over 18.15 Meters
Company Announcement
Monday, February 8, 2021
VANCOUVER, British Columbia, Canada -- Great Bear Resources Ltd. (TSX-V: GBR; OTCQX: GTBAF) today reported results from its ongoing 2021 exploration program at its 100% owned flagship Dixie Project in the Red Lake district of Ontario.
Chris Taylor, president and CEO of Great Bear, said, "In this release we provide highly detailed individual assay level data from shallow drill holes on one cross section at three different scales. With tighter drilling we have observed the same exceptional gold zone continuity at 25-metre drill spacing, both along strike and vertically, as we previously observed at 100–200 metre spacing.
"By the end of 2021 we are planning to have completed approximately 100 drill sections similar to the one contained in this release, consisting of over 400 drill holes in total. All this drilling is within the same continuous gold zone along more than 4 kilometres of strike length, which remains open to extension in all directions, and is present from bedrock surface.” ...
... For the remainder of the announcement:
https://greatbearresources.ca/news/great-bear-provides-detailed-new-sect...
As Joe Biden, the U.S. president, pushes Congress to approve his $1.9 trillion fiscal stimulus plan in the face of Republican opposition, Yellen told the top G7 economic officials that "the time to go big is now" and that the G7 "should be focused on what more we can do to provide support at this time," according to a U.S. Treasury Department spokesperson.
In a big shift from the Trump administration, Yellen said the U.S. supported G7 efforts to tackle climate change. "We understand the crucial role that the United States must play in the global climate effort," she said.
As the U.S. reviews whether to back a plan for the International Monetary Fund to allocate up to $500 billion in Special Drawing Rights to its members to tackle the pandemic fallout, Yellen said the G7 should work to "address the challenges facing low-income countries."
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Join GATA here:
Gold Week Africa Conference
via internet from Lagos, Nigeria
Monday-Thursday, February 15-18, 2021
https://www.goldwestafrica.com/gold-week-africa
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Toast to a free gold market
with great GATA-label wine
Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.
Here's what the bottles look like:
http://www.gata.org/files/GATA-4-wine-bottles.jpg
Buyers can compose their case by choosing as many as four varietals from the list here:
http://www.gata.org/files/FayJWineryVarietals.jpg
GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?
To order a case of GATA-label wine, please e-mail Fay J Winery at bagman1236@aol.com.
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Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --
https://www.amazon.com/Rigged-Exposing-Largest-Financial-History/dp/1651...
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.
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