Daily Dispatches

Volatility funds face fresh scrutiny from U.S. regulators

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By Benjamin Bain and Matt Robinson
Bloomberg News
Friday, February 23, 2018

U.S. regulators are scrutinizing this month's implosion of investments that track stock-market turmoil, including whether wrongdoing contributed to steep losses for VIX exchange-traded products offered by Credit Suisse Group AG and other firms, several people familiar with the matter said.

Treasury secretary urges markets to shrug off worries over tax cuts, debt

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By Saleha Mohsin
Bloomberg News
Thursday, February 22, 2018

Treasury Secretary Steven Mnuchin brushed aside signs that investors are nervous about rising prices and criticism that growing debt will harm U.S. economic security, declaring that President Donald Trump’s policies won't cause inflation.

Isn't it bad enough that Harvard already runs the United States?

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Xi Confidant Emerges as Front Runner to Head
China's Central Bank, Sources Tell Reuters

By Xiaowen Bi, Benjamin Kang Lim, an dKevin Yao
Reuters
Friday, February 23, 2018

China is letting the yuan crush the dollar, and Trump is just one reason

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By Huileng Tan
CNBC, New York
Friday, February 23, 2018

The Chinese yuan has appreciated 10 percent against the dollar since the start of 2017, quelling some criticism that the export giant has been deliberately suppressing its currency to gain economic advantage over its trading partners.

This is all going according to China's plan, experts say.

GoldSeek Radio interviews GATA Chairman Murphy

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10a ET Friday, February 23, 2018

Dear Friend of GATA and Gold:

Interviewed this week by GoldSeek Radio's Chris Waltzek, GATA Chairman Bill Murphy discusses the dichotomy of rising prices for all assets except gold and silver, another hint of price suppression. The interview is 13 minutes long and can be heard at GoldSeek Radio here:

http://radio.goldseek.com/nuggets/murphy.02.21.18.mp3

Ralph Benko: Olympic gold medals are mostly silver because Zeus is so poor

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8:47p ET Thursday, February 22, 2018

Dear Friend of GATA and Gold:

Alasdair Macleod: A Roman lesson on inflation

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4:34p ET Thursday, February 22, 2018

Dear Friend of GATA and Gold:

GoldMoney research director Alasdair Macleod argues today that a credit crisis lies ahead and that it may set inflation soaring.

ECB minutes highlight policymakers' fears over currency wars

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By Claire Jones
Financial Times, London
Thursday, February 22, 2018

FRANKFURT, Germany -- The extent of European officials' concerns over the weakness of the dollar was laid bare on Thursday in a set of European Central Bank accounts that highlighted fears that the U.S. administration was deliberately trying to engage in currency wars.

Venezuela aims for crypto alchemy with new 'petro gold' token

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Brian Ellsworth and Ana Isabel Martinez
Reuters
Wednesday, February 21, 2018

CARACAS -- Venezuela is preparing a new cryptocurrency called "petro gold" that will be backed by precious metals, President Nicolas Maduro said on Wednesday, a day after launching an oil-backed token that has been panned as a pipe dream by blockchain experts.

FDIC sues 16 banks alleging LIBOR manipulation in Doral Bank collapse

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From Reuters
Tuesday, February 20, 2018

A U.S. regulator on Tuesday filed a lawsuit against 16 U.S. and international banks alleging they had manipulated bbaLIBOR, which is a series of interest-rate benchmarks, leading to the collapse of Puerto Rico's Doral Bank.

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