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Daily Dispatches
Jim Rickards: Only way out of the death/debt trap is gold-assisted inflation
Submitted by cpowell on Fri, 2021-02-12 13:53 Section: Daily DispatchesBy James Rickards
The Daily Reckoning, Baltimore
Tuesday, February 9, 2021
I've said the U.S. is caught in a debt death trap. Monetary policy won't get us out because the velocity of money, the rate at which money changes hands, is dropping.
Printing more money alone will not change that.
IMF may shower member nations with $500 billion in Special Drawing Rights
Submitted by cpowell on Fri, 2021-02-12 13:29 Section: Daily DispatchesYellen Tells G7 Finance Ministers to 'Go Big' with Fiscal Support
By James Politi
Financial Times, London
Friday, February 12, 2021
Nigeria delays plans to regulate cryptocurrencies and dealers
Submitted by cpowell on Fri, 2021-02-12 13:21 Section: Daily DispatchesBy Emele Onu
Bloomberg News
Friday, February 12, 2021
Nigeria's Securities and Exchange Commission has suspended previously announced plans to regulate cryptocurrencies until those dealing in them are able to open bank accounts in the West African nation.
Venezuelan gold reserves drop to five-decade low as withdrawals accelerate
Submitted by cpowell on Fri, 2021-02-12 13:17 Section: Daily DispatchesFrom Reuters
Thursday, February 11, 2021
CARACAS -- The Venezuelan central bank's gold reserves dropped by about 12 tonnes in the last six months to a new 50-year low, according to its 2020 financial statements.
Facing a collapse in oil production and the effects of U.S. sanctions, President Nicolas Maduro's government has continued to use the sale of monetary gold as a source of income.
In Stansberry interview, First Majestic's Neumeyer scorns silver paper games
Submitted by cpowell on Thu, 2021-02-11 00:49 Section: Daily Dispatches12:50a ET Thursday, February 11, 2021
Dear Friend of GATA and Gold:
GATA Chairman Murphy interviewed by Dunagun Kaiser for Liberty & Finance
Submitted by cpowell on Wed, 2021-02-10 23:45 Section: Daily Dispatches11:45p ET Wednesday, February 11, 2021
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy was interviewed Monday by Dunagun Kaiser of Liberty & Finance about the recent big changes in the gold and silver markets and what he expects to happen. The interview is 23 minutes long and can be viewed at YouTube here:
https://www.youtube.com/watch?v=_DUyX5gpMWM&feature=youtu.be
Nick Barisheff: U.S. government debt inevitably lifts gold
Submitted by cpowell on Wed, 2021-02-10 23:35 Section: Daily DispatchesBy Nick Barisheff
BMG Group Inc., Markham, Ontario, Canada
Wednesday, February 10, 2021
Pam and Russ Martens: ESF's balance shrinks but still has $200 billion for market rigging
Submitted by cpowell on Wed, 2021-02-10 12:11 Section: Daily Dispatches12:12p ET Wednesday, February 10, 2021
Dear Friend of GATA and Gold:
Wall Street on Parade's Pam and Russ Martens report today that the balance in the U.S. Treasury Department's Exchange Stabilization Fund appears to have fallen from $600 billion to $200 billion but that's still a lot of money for secret market rigging, the ESF's statutory purpose.
At King World News, GoldMoney's Turk is enthused about silver
Submitted by cpowell on Wed, 2021-02-10 10:45 Section: Daily Dispatches10:45a ET Wednesday, February 10, 2021
Dear Friend of GATA and Gold:
Strange days: Daniela Cambone interviews Ted Butler about silver market manipulation
Submitted by cpowell on Tue, 2021-02-09 22:43 Section: Daily Dispatches10:40p ET Tuesday, February 9, 2021
Dear Friend of GATA and Gold (and Silver):
"Dogs and cats living together," as they said in "Ghostbusters" -- for today Daniela Cambone of Stansberry Research interviewed silver market analyst Ted Butler about silver market manipulation ... for the first time in his 30 years complaining about it.
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