Daily Dispatches

Russia can bring West down any time, Roberts tells KWN

Submitted by cpowell on Fri, 2014-12-19 21:52 Section: Daily Dispatches

9:55p ET Friday, December 19, 2014

Dear Friend of GATA and Gold:

Russia can bring the Western financial system down any time it wants to with a couple of policy changes, former Assistant U.S. Treasury Secretary Paul Craig Roberts tells King World News today:

http://kingworldnews.com/paul-craig-roberts-russia-unleash-ultimate-blac...

CHRIS POWELL, Secretary/Treasurer

Read more about Russia can bring West down any time, Roberts tells KWN

Too big to tax: Settlements are tax write-offs for big banks

Submitted by cpowell on Fri, 2014-12-19 17:04 Section: Daily Dispatches

By Lynnley Browning
Newsweek, New York
Monday, October 27, 2014

At the Justice Department, senior officials like to congratulate themselves on the headline-making, big-bucks settlements they have imposed upon banks and lenders for their part in causing the 2008 mortgage meltdown that sparked the biggest American financial crisis since the Great Depression.

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Russia expanded gold reserves for 8th month amid ruble rout

Submitted by cpowell on Fri, 2014-12-19 16:54 Section: Daily Dispatches

By Anna Andrianova and Laura Clarke
Bloomberg News
Friday, December 19, 2014

Russia, the world's fifth-biggest gold holder, added to its hoard for an eighth month even after having to use its international reserves on defending the ruble.

Read more about Russia expanded gold reserves for 8th month amid ruble rout

Koos Jansen: 'Spectacular' volumes of gold and silver imported by India in November

Submitted by cpowell on Fri, 2014-12-19 14:51 Section: Daily Dispatches

2:50p ET Friday, December 19, 2014

Dear Friend of GATA and Gold:

Read more about Koos Jansen: 'Spectacular' volumes of gold and silver imported by India in November

Market rigging by U.S. hinges on gold exports to Asia, Roberts tells KWN

Submitted by cpowell on Fri, 2014-12-19 14:07 Section: Daily Dispatches

2:06p ET Friday, December 19, 2014

Dear Friend of GATA and Gold:

Read more about Market rigging by U.S. hinges on gold exports to Asia, Roberts tells KWN

Paul Craig Roberts: Financial market manipulation is the new trend -- Can it continue?

Submitted by cpowell on Fri, 2014-12-19 12:35 Section: Daily Dispatches

12:35p ET Friday, December 19, 2014

Dear Friend of GATA and Gold:

Former Assistant U.S. Treasury Secretary Paul Craig Roberts earned his tin-foil hat years ago but he deserves a whole bauxite mine for his commentary this week, "Financial Market Manipulation Is the New Trend -- Can It Continue?"

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Alasdair Macleod: Derivatives and mass financial destruction

Submitted by cpowell on Fri, 2014-12-19 11:06 Section: Daily Dispatches

11:05a ET Friday, December 19, 2014

Dear Friend of GATA and Gold:

The U.S. government's transferring to itself this month liabilities for defaulted derivatives resulting from bank failures is alarming for the haste with which it was enacted, GoldMoney research director Alasdair Macleod writes today.

Read more about Alasdair Macleod: Derivatives and mass financial destruction

Koos Jansen: Russia isn't selling its gold reserves

Submitted by cpowell on Fri, 2014-12-19 08:43 Section: Daily Dispatches

8:45a ET Friday, December 19, 2014

Dear Friend of GATA and Gold:

Bullion Star market analyst and GATA consultant Koos Jansen today calls attention to comments this week by Russian President Vladimir Putin indicating that Russia is not selling its gold reserves:

https://www.bullionstar.com/blog/koos-jansen/russia-selling-gold/

Read more about Koos Jansen: Russia isn't selling its gold reserves

Fed grants banks a reprieve from Volcker Rule, their second win this month

Submitted by cpowell on Thu, 2014-12-18 20:26 Section: Daily Dispatches

By Jesse Hamilton and Cheyenne Hopkins
Bloomberg News
Thursday, December 18, 2014

WASHINGTON -- Banks, adding to their wins in Washington this month, got a reprieve from the Volcker Rule that will let them hold onto billions of dollars in private-equity and hedge-fund investments for at least two more years.