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Submitted by admin on Fri, 2021-03-19 11:56 Section: Daily DispatchesNew York City Man Sells Farts for $85, Cashing In on Non-Fungible Tokens Craze
By Hannah Frishberg
New York Post
Thursday, March 18, 2021
The value of this art is all hot air.
A Brooklyn-based film director is simultaneously mocking and attempting to profit off the cryptocurrency craze for non-fungible tokens (NFTs) by selling a year's worth of fart audio clips recorded in quarantine.
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How much did LIBOR-rigging cost? U.S. bank regulator finally has an answer
Submitted by admin on Fri, 2021-03-19 11:35 Section: Daily DispatchesBy Jonathan Browning
Bloomberg News
Thursday, March 18, 2021
Just as the much-maligned Libor benchmark is on its way out, a U.S. regulator is finally trying to work out the potential losses from the manipulation scandals a decade ago.
The U.S. Federal Deposit Insurance Corporation, which is suing Barclays Plc and six other European lenders in London, says that a group of failed U.S. institutions suffered a collective loss of around $7 million for every rigged basis point.
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Now even the Financial Times is promoting a 'great reset'
Submitted by admin on Thu, 2021-03-18 11:23 Section: Daily DispatchesThey seem to want a debt jubilee followed by a system with a solid and steady base for tts money supply, such as gold used to provide, but without dignifying the monetary metal so hated and feared by the financial elite.
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Time for a Great Reset of the Financial System
By Chris Watling
Financial Times, London
Thursday, March 18, 2021
https://www.ft.com/content/39c53b9f-f443-4dde-9cdb-07e8999ec783
Asian gold demand rebounding as Swiss exports surge
Submitted by admin on Thu, 2021-03-18 10:51 Section: Daily DispatchesFrom Reuters
Thursday, March 18, 2021
LONDON, March 18 (Reuters) - Switzerland in February sent gold to mainland China for the first time since September and shipments to India and Thailand rose to multi-year highs, suggesting that demand for bullion in Asia is recovering from the coronavirus shock.
Switzerland is the world's biggest gold refining centre and transit hub, while India and China are the two biggest gold consumers and Thailand is a regional trade hub.
Jay Taylor interviews GATA secretary on gold suppression policy, documentation
Submitted by admin on Wed, 2021-03-17 13:19 Section: Daily Dispatches1:15p ET Wednesday, March 17, 2021
Dear Friend of GATA and Gold:
Your secretary/treasurer was interviewed yesterday by financial letter writer Jay Taylor (https://www.miningstocks.com/), discussing the mechanisms and documentation of government gold price suppression policies and the refusal of mainstream financial news organizations to report about the issue.
The interview is 20 minutes long and can be heard at YouTube here:
Pam and Russ Martens: Janet Yellen's Plunge Protection Team has $142 billion to play with
Submitted by admin on Wed, 2021-03-17 12:54 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Wednesday, March 17, 2021
Most Americans are unaware of the existence of the Exchange Stabilization Fund (ESF). Together with the Federal Reserve Bank of New York (New York Fed) it has morphed into the U.S. Treasury Secretary’s Plunge Protection Team.
Craig Hemke at Sprott Money: Comex gold offtake remains extraordinarily high
Submitted by admin on Tue, 2021-03-16 16:18 Section: Daily Dispatches4:15p ET Tuesday, March 16, 2021
Dear Friend of GATA and Gold:
Gold offtake at the New York Commodities Exchange, operated by CME Group, remains extraordinarily high, the TF Metals Report's Craig Hemke writes at Sprott Money today.
Everything Bloomberg News wants you to know about gold isn't much
Submitted by admin on Tue, 2021-03-16 11:22 Section: Daily Dispatches11:28a ET Tuesday, March 16, 2021
Dear Friend of GATA and Gold:
Bloomberg News today devotes much of its home page to an eight-minute video segment by its reporter Henry Baker that apparently was first posted several weeks ago and is ridiculously and arrogantly titled "Everything You Need to Know About Gold," as if such knowledge could be conveyed in eight minutes.
The segment might be more accurately titled "Everything Bloomberg News Wants You to Know About Gold -- and No More."
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Futures market positioning is wildly bullish for monetary metals, Steer tells Howe Street
Submitted by admin on Tue, 2021-03-16 10:56 Section: Daily Dispatches10:52a ET Tuesday, March 16, 2021
Dear Friend of GATA and Gold:
Ed Steer, publisher of Ed Steer's Gold and Silver Digest (https://edsteergoldsilver.com) and a member of GATA's Board of Directors, tells Jim Goddard of HoweStreet.com that futures market positioning for the monetary metals is extremely bullish.
Steer credits the Reddit crowd's attempt to squeeze silver with alerting investors to the potential of gains in acquiring real metal rather than derivatives.
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In pitch for new term, Poland's central bank chief seeks more gold in reserves
Submitted by admin on Mon, 2021-03-15 13:17 Section: Daily DispatchesBy Piotr Skolimowski
Bloomberg News
Monday, March 15, 2021
Poland's central bank wants to buy at least 100 tons of gold in the coming years to demonstrate the country's economic strength, Governor Adam Glapinski said.
Making a bid for a second term at the helm of the central bank, Glapinski today told government-friendly Sieci weekly that the amount of gold in reserves more than doubled to 229 tons under his watch. The new holdings will be stored in Poland, he said.
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