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Daily Dispatches
Pam and Russ Martens: 3 Fed bailout programs for Wall Street vanish from monthly reports to Congress
Submitted by admin on Mon, 2021-08-23 15:51 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Monday, August 23, 2021
Federal Reserve Chairman Jerome Powell and Fed Vice Chairman for Supervision Randal Quarles would desperately like to make three of the Fed's emergency bailout programs to Wall Street disappear from further scrutiny by Congress or the American people.
Resource-rich nations, the dumb slobs, think miners cheat them more than U.S. Fed and Treasury do
Submitted by admin on Sat, 2021-08-21 18:51 Section: Daily DispatchesResource Nationalism Sweeps Latin America's Top Mining Countries
By Cecilia Jamasmie
Mining.com, Vancouver, British Columbia, Canada
Thursday, August 19, 2021
A move toward resource expropriation, tax and royalty increases, as well as demands for local participation in companies' ownership, all resource nationalism components, continues to increase, with Latin America taking centre stage, a new study shows.
U.S. military is leaving Afghanistan but the dollar still runs the country
Submitted by admin on Sat, 2021-08-21 17:56 Section: Daily DispatchesThe Taliban Got Rid of the U.S., But Not the Dollar
By Daniel Moss
Bloomberg News, New York
via The Washington Post
Friday, August 20, 2021
The Taliban may have swept Afghanistan, but they haven't yet conquered its financial system, big parts of which rest on support from outside the country. The United States has a heavy hand in the multilateral organizations that dictate the flow of international aid upon which this shaky economy relies. Americans may be evacuating, but the dollar's influence will remain.
'Goldfinger' 2021 plot twist could be villainous for banks
Submitted by admin on Sat, 2021-08-21 10:59 Section: Daily DispatchesBy Izabella Kaminska
Financial Times, London
Friday, August 20, 2021
In the plot to the 1964 James Bond classic, international gold smuggler Auric Goldfinger hatches a dastardly plan to enrich himself and his outsized gold holdings by setting off a Chinese-made atomic bomb at Fort Knox, the home of the U.S. gold reserve.
Former JPMorgan monetary metals traders must face racketeering charges, judge rules
Submitted by admin on Fri, 2021-08-20 09:31 Section: Daily DispatchesBy Jody Godoy
Reuters
Wednesday, August 18, 2021
A federal judge in Chicago said this week four former JPMorgan Chase & Co. employees must face charges including racketeering in a case accusing them of manipulating the prices of precious metals futures.
U.S. District Judge Edmond Chang's ruling Tuesday paves the way for an Oct. 19 trial in the case, which is the U.S. Department of Justice's most aggressive attempt so far to police commodities spoofing, a tactic involving placing orders to move prices and quickly cancelling them.
The great New Orleans conference returns, and with a money-back guarantee
Submitted by admin on Fri, 2021-08-20 09:22 Section: Daily DispatchesBy Brien Lundin
Publisher, Gold Newsletter
CEO, New Orleans Investment Conference
Friday, August 20, 2021
This year’s New Orleans Investment Conference is coming up -- Tuesday through Friday, October 19-22 -- and you’ll kick yourself if you miss it.
Why? Because this is without a doubt the most valuable, important, rewarding -- and eagerly awaited --event in many years.
It will be the first big in-person event of its kind post-pandemic --a "welcome home" for hundreds of today's smartest and most active investors.
Ronan Manly: Afghanistan's gold at the NY Fed is 1,731 old bars, likely coin melt, and frozen before
Submitted by admin on Thu, 2021-08-19 17:33 Section: Daily Dispatches5:20p ET Thursday, August 19, 2021
Dear Friend of GATA and Gold:
Afghanistan's gold vaulted at the Federal Reserve Bank of New York consists of 1,731 very old bars that are most likely products of coin melt, not "good delivery" bars, deposited there in 1939 on the eve of World War II, Bullion Star researcher Ronan Manly reports today.
Alasdair Macleod: The dollar's debt trap
Submitted by admin on Thu, 2021-08-19 13:07 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, August 19, 2021
On the 50th anniversary of the Nixon Shock, this article explains why fiat currencies have become joined at the hip to financial asset values, and why they are about to descend into the next financial crisis together.
Rare 1804 silver dollar sells for record-breaking $7.7 million
Submitted by admin on Wed, 2021-08-18 21:16 Section: Daily DispatchesBy Rachel Cormack
Robb Report, Los Angeles
Wednesday, August 18, 2021
The king of American coins just fetched a princely, world-record sum.
The single finest example of the 1804 U.S. silver dollar sold Tuesday for an astonishing $7.68 million at a Stack's Bowers Galleries auction to become the most expensive coin of its kind.
The Class I silver dollar, which has been graded Proof-68 by Professional Coin Grading Service, was offered from the collection of the late coin connoisseur D. Brent Pogue and boasts one helluva backstory.
Financial Times: Believe in unicorns, not gold
Submitted by admin on Tue, 2021-08-17 21:18 Section: Daily Dispatches9:27p ET Tuesday, August 17, 2021
Dear Friend of GATA and Gold:
In its editorial today, "A 50-Year Quest for Monetary Stability," the Financial Times, the posturing mouthpiece of the Anglo-American financial establishment, notes the 50th anniversary of the destruction of the Bretton Woods system of linking gold to the U.S. dollar, and, through the dollar, to all major currencies. The FT declares that "nostalgia for the gold standard is misguided and misplaced":
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