Daily Dispatches

From GoldReporter, Germany
Tuesday, September 28, 2021

For the first time in more than two years, the Federal Reserve Bank of New York reports a decrease in its gold holdings stored on behalf of customers. 
As the Fed states in its latest monthly report, the gold reserves reported as "earmarked gold" amounted to $7,789 million as of September 24, 2021. This gold is traditionally reported at a book value of $42.22 per ounce. This corresponds to the gold price from 1973.

Fomr The New York Sun
Tuesday, September 28, 2021

The big news of the day is the resignation of the presidents of two regional Federal Reserve Banks amid a contretemps over their trading for their own accounts. 

Eric Rosengren, citing his health, is stepping down as president of the Boston Fed. Robert Kaplan is stepping down as head of the Dallas Fed. He's saying the recent focus on his financial disclosure risks becoming a distraction to the bank's execution of its "vital work."

... Dispatch continues below ...

Dallas Fed President Kaplan to Retire Early on Oct. 8, Citing Trading Disclosure 'Distraction"

By Jeff Cox
CNBC, New York
Monday, September 27, 2021

Dallas Federal Reserve President Robert Kaplan became the second regional central bank leader to resign tnday, saying he was stepping down early following a recent controversy over stock market trades he made.

By Ron Paul
Ron Paul Institute for Peace and Prosperity, Clute, Texas
Monday, September 27, 2021

Following revelations that Federal Reserve officials made trades in financial assets while the Fed was taking extraordinary efforts to "stimulate" the economy, Federal Reserve Chairman Jerome Powell ordered a review of the Fed's ethics rules. 

While these trades appear problematic, they pale in comparison to the biggest Fed scandal -- the Fed's impoverishment of ordinary Americans, enrichment of the elites, and facilitation of government debt and deficits.