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Daily Dispatches
Cash ban only taught Indians not to trust the banking system
Submitted by cpowell on Sun, 2018-09-02 10:14 Section: Daily DispatchesIndia's Cash Ban Failed Even to Create a Bank Savings Culture
By Mihir Sharma
Bloomberg News
Saturday, September 1, 2018
Amid Iran's currency crash, renting apartment requires two gold coins
Submitted by cpowell on Sat, 2018-09-01 09:52 Section: Daily DispatchesBy Rohollah Faghihi
Middle East Eye, London
Wednesday, August 29, 2018
TEHRAN, Iran -- It's the commodity that becomes a safe haven at times of economic crisis. Now, with the crash of the rial, Iranians are using gold for more everyday payments, most notably rent -- but the resulting price hikes are starting to affect the demographics of Tehran itself. ...
CFTC orders BNP Paribas to pay $90 million penalty for rate-rigging
Submitted by cpowell on Fri, 2018-08-31 10:38 Section: Daily DispatchesBy Pete Schroeder
Reuters
Wednesday, August 29, 2018
WASHINGTON -- U.S. federal regulators on Wednesday ordered BNP Paribas to pay a $90 million civil penalty after settling charges against BNP Paribas Securities Corp. for attempted manipulation of the ISDAfix benchmark.
Russian lawmaker suggests gold-linked cryptocurrency for weapons exports
Submitted by cpowell on Thu, 2018-08-30 19:30 Section: Daily DispatchesFrom Crypto Coins News, Asker, Norway
Thursday, August 30, 2018
A senior Russian lawmaker has suggested that Moscow should turn to cryptocurrency backed by gold for payments in Russian arms exports to evade financial sanctions from the West.
World is ganging up against the dollar, Rickards says
Submitted by cpowell on Thu, 2018-08-30 10:22 Section: Daily Dispatches10:25a ET Thursday, August 30, 2018
Dear Friend of GATA and Gold:
In a new essay at the Daily Reckoning and an interview with CNN, newsletter editor James G. Rickards discusses the world's preparations for moving away from the U.S. dollar and U.S. government control over the world financial system.
Argentina raises interest rate to 60% after currency resumes slide
Submitted by cpowell on Thu, 2018-08-30 10:06 Section: Daily DispatchesBy Colby Smith
Financial Times, London
Thursday, August 30, 2018
Argentina's central bank pumped up interest rates by 15 percentage points to 60 percent today after the peso plunged in early trading.
Petro cryptocurrency is harder to find in Venezuela than toilet paper
Submitted by cpowell on Thu, 2018-08-30 09:51 Section: Daily DispatchesIn Venezuela, New Cryptocurrency Is Nowhere to Be Found
By Brian Ellsworth
Reuters
Thursday, August 30, 2018
ATAPIRIRE, Venezuela -- To hear Venezuela's leftist President Nicolas Maduro tell it, this remote hamlet of 1,300 souls is perched on the cutting edge of an innovation in cryptocurrency.
BBC video tour of London silver vaults fails to produce the queen
Submitted by cpowell on Tue, 2018-08-28 19:46 Section: Daily Dispatches7:46p ET Tuesday, Augusdt 28, 2018
Dear Friend of GATA and Gold:
Venezuela proclaims the solution for hyperinflation: paper gold
Submitted by cpowell on Tue, 2018-08-28 17:37 Section: Daily DispatchesIn its own way, it sort of works for Western governments too.
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Venezuela to Sell Gold Ingots to Pensioners as Inflation Soars
By Patricia Laya and Noris Soto
Bloomberg News
Monday, August 27, 2018
President Nicolas Maduro said Venezuela will begin to sell certificates backed by gold ingots as a savings mechanism starting next month.
Craig Hemke at Sprott Money: The trend away from the dollar accelerates
Submitted by cpowell on Tue, 2018-08-28 17:27 Section: Daily Dispatches5:31p ET Tuesday, August 28, 2018
Dear Friend of GATA and Gold:
The trend away from use of the U.S. dollar as the world reserve currency is accelerating as the United States weaponizes the dollar, Craig Hemke of the TF Metals Report writes at Sprott Money today. He concludes that eventually this will boost gold and silver prices.
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