You are here
Hugo Salinas Price: The gold standard is the generator and protector of jobs
10:40p ET Thursday, June 17, 2010
Dear Friend of GATA and Gold:
In his latest essay, Hugo Salinas Price, president of the Mexican Civic Association for Silver and a longtime GATA supporter, elaborates on a theme he has been pressing for many years: that a gold standard is vital for local production and that a world financial system in which one country alone issues the world reserve currency destroys and dislocates industry. Salinas Price's essay is the clearest and most important sort of macro-economics and implies the moral underpinnings of GATA's work. The essay is headlined "The Gold Standard: Generator and Protector of Jobs" and you can find it at the Mexican Civic Association for Silver's Internet site here:
http://www.plata.com.mx/mplata/articulos/articlesFilt.asp?fiidarticulo=161
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Prophecy to Become Coal Producer This Year
with 1.5 Billion Tonnes of Resource
Prophecy Resource Corp. (TSX.V: PCY) announced on May 11 that it has entered into a mine services agreement with Leighton Asia Ltd. to begin coal production this year. Production will begin with a 250,000-tonne starter pit as planned in August, with production advancing to 2 million tonnes per year in 2011. Prophecy is fully funded to production and its management team includes John Morganti, Arnold Armstrong, and Rob McEwen.
For Prophecy's complete press release about its production plans, please visit:
http://www.prophecyresource.com/news_2010_may11.php
Support GATA by purchasing a colorful GATA T-shirt:
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
http://gata.org/node/wallstreetjournal
Or a video disc of GATA's 2005 Gold Rush 21 conference in the Yukon:
* * *
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
http://www.gata.org/node/16
