Dollar's growing dominance in Venezuela leaves locals 'short-changed'

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By Sarah Kinosian and Mayela Armas
Reuters
Thursday, December 31, 2020

CARACAS, Venezuela -- With her arms full of $11.87 worth of bananas, red peppers and onions, an elderly woman at a produce stand in western Caracas approaches vendor Walquiria Garcia and offers to pay with a $10 or $20 bill.

China state banks buy dollars to ease sharp rally in yuan, traders say

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Everybody is rigging the currency markets, and while some of it can be reported, nothing about gold market rigging can be.

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From Reuters
Thursday, December 31, 2020

Dave Kranzler: Fed starts obscuring money supply data as it prepares to 'go Weimar'

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11:35p ET Wednesday, December 30, 2020

Dear Friend of GATA and Gold:

Gold heads for best year in a decade with dollar on the ropes

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From Bloomberg News
Wednesday, December 30, 2020

Gold is poised to cap the biggest annual advance in a decade after a tumultuous year, with gains this month aided by the dollar's decline to the lowest level since April 2018. Silver has surged almost 50% in 2020.

Alasdair Macleod: Monetary and economic outlook for 2021

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By Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Wednesday, December 30, 2020

The most important event in the new year is likely to be the Fed losing its iron grip on markets. The dollar's declining trend is already well established against other currencies and commodities, leading to this outcome.

Tyler Cowen: Cryptocurrency is not necessarily the future

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By Tyler Cowen
Bloomberg News
Tuesday, December 29, 2020

As Bitcoin soared to above $28,000 over the weekend, talk resumed about the promising and dramatic future of cryptocurrency. The chief global strategist of Morgan Stanley Investment Management even suggested that Bitcoin could replace the dollar as a global reserve currency.

Pensions swamped in a sea of negative real rates

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By Brian Chappatta
Bloomberg News
Monday, December 28, 2020

Defined-benefit pension plans were already barely treading water heading into 2020. In the years ahead, the risk is as great as ever that a large swath of them will drown.

Gold miners set for another banner year with focus on discipline

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By Aoyon Ashraf
Bloomberg News
Monday, December 28, 2020

The good times for gold miners are expected to continue next year, especially for those able to tighten spending and increase returns to investors.

U.S. banks rack up $200 billion in fines and penalties over 20 years

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By Laura Noonan
Financial Times, London
Thursday, December 24, 2020

The six largest U.S. banks are close to hitting a milestone $200 billion paid out in fines and penalties globally since the turn of the century, according to a new tally by advocacy group Better Markets.

When money is free, lenders start charging for everything else

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By Charlie Devereux, Charlie Wells, and Stefania Spezzati
Bloomberg News
Wednesday, December 23, 2020

In normal times, bankers who oversee assets exceeding $1 trillion wouldn't be groping for loose change under the sofa.