Daily Dispatches

Negative interest rates threaten to destroy not just savers but IMF as well

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So the IMF enacts a new rule to save itself. Everyone else remains out of luck.

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IMF Introduces Floor on Interest Rates

By Robin Harding
Financial Times, London
Friday, October 24, 2014

http://www.ft.com/intl/cms/s/0/9b3ea266-5bcc-11e4-a674-00144feab7de.html

More nations are trying to get out from under the U.S. dollar, Putin says

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Putin Accuses U.S. of Blackmail, Weakening Global Order

By Stepan Kravchenko
Bloomberg News
Friday, October 24, 2014

http://www.bloomberg.com/news/2014-10-24/putin-accuses-u-s-of-blackmail-...

MOSCOW -- The U.S. is behaving like "Big Brother" and blackmailing world leaders while making imbalances in global relations worse, Russia's president said.

At King World News, Sperandeo, Celente, and Mauldin

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9:55a CT Friday, October 24, 2014

Dear Friend of GATA and Gold:

At King World News, market analyst Victor Sperandeo says traders enjoy the current stock market because the Federal Reserve repeatedly has manipulated it back up:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/10/23_L...

Paying people their worth in gold -- a first in Singapore

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From Channel News Asia, Singapore
Thursday, October 23, 2014

http://www.channelnewsasia.com/news/singapore/paying-people-their-worth/...

SINGAPORE -- How would you like to be paid your worth in gold? Singapore-based precious metals dealer BullionStar is doing just that by rewarding staff with the commodity as salary, and it says it is the first in the country to do so.

Alasdair Macleod: Markets and reality disconnected

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9:25a CT Friday, October 24, 2014

Dear Friend of GATA and Gold:

Government intervention in markets is only part of the disconnection of markets from reality, GoldMoney research director Alasdair Macleod writes today.

Three major nations absent as China launches rival to Western development bank

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By Brenda Goh
Reuters
Thursday, October 23, 2014

SHANGHAI -- Australia, Indonesia, and South Korea skipped the launch of a China-backed Asian infrastructure bank on Friday as the United States said it had concerns about the new rival to Western-dominated multilateral lenders.

First Majestic CEO wants silver miners to form counter-cartel against futures shorters

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12:10a CT Friday, October 24, 2014

Dear Friend of GATA and Gold:

First Majestic Silver CEO Keith Neumeyer, interviewed by Future Money Trends, argues that silver miners should form a counter-cartel to combat the investment houses selling silver short on futures markets. The interview is 16 minutes long and can be heard at Future Money Trends here:

Foreign central banks cut U.S. bond stakes to lowest since May

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By Richard Leong
Reuters
Thursday, October 23, 2014

Foreign central banks slashed their holdings of U.S. Treasuries at the Federal Reserve to their lowest level since May, Fed data released on Thursday showed.

MineWeb's Williams praises GATA consultant Jansen's work on China gold demand data

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5:53p CT Thursday, October 23, 2014

Dear Friend of GATA and Gold:

MineWeb's Lawrence Williams today praises gold researcher and GATA consultant Koos Jansen for getting to the heart of Chinese gold demand data that shows that China's gold offtake is much greater than generally reported.

Chris Powell: The crucial questions financial journalism won't ask and central banks won't answer

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Remarks by Chris Powell, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
New Orleans, Louisiana
Thursday, October 23, 2014

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