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Daily Dispatches
Alasdair Macleod: Time to trash Triffin
Submitted by admin on Thu, 2023-04-06 10:48 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, April 6, 2023
The dollar-based credit bubble is imploding and emerging economies are seeking protection by accepting trade settlement in other currencies. The U.S. policy of threatening regime change, currency destabilisation, or other means of ensuring that nations remain in its sphere of influence are failing.
New York Sun: The Biden dollar
Submitted by admin on Wed, 2023-04-05 22:33 Section: Daily DispatchesFrom the New York Sun
Wednesday, April 5, 2023
Three Republican congressmen introduce bill to restore gold standard
Submitted by admin on Wed, 2023-04-05 19:45 Section: Daily DispatchesBy JP Cortez
Money Metals News Service, Eaglo, Idaho
Tuesday, April 4, 2023
As America faces the twin threats of inflation and bank failures, three U.S. congressmen have introduced a pivotal sound money bill that would enable the Federal Reserve note "dollar" to regain stable footing for the first time in more than half a century.
There is a chasm between the gold price and gold mining stock valuations
Submitted by admin on Wed, 2023-04-05 16:36 Section: Daily DispatchesBy Frik Els
Mining.com, Vancouver, British Columbia, Canada
Tuesday, April 4, 2023
Gold was off to the races today, easily clearing $2,000 an ounce with many pundits saying a new record high could be reached in weeks if not days.
A chartbook released on Tuesday (ahead of the day's action in New York) by Merk Investments, an investment advisor and manager of ASA Gold and Precious Metals (NYSE:ASA), a closed-end investment fund established in 1958, includes two long-term charts that show the disconnect between gold mining stocks and the bullion price.
The 30 U.S. banks with the biggest percentage of uninsured deposits
Submitted by admin on Wed, 2023-04-05 16:26 Section: Daily DispatchesFrom Visual Capitalist, Vancouver, British Columbia, Canada
Tuesday, April 4, 2023
Today there are at least $7 trillion in uninsured bank deposits in America.
This dollar value is roughly three times that of Apple's market capitalization, or about equal to 30% of U.S. GDP. Uninsured deposits are ones that exceed the $250,000 limit insured by the Federal Deposit Insurance Corp., which was actually increased from $100,000 after the Global Financial Crisis. They account for roughly 40% of all bank deposits.
'No alternative' to dollar? Another analyst seems never to have heard of gold
Submitted by admin on Wed, 2023-04-05 16:18 Section: Daily DispatchesThere are 3 Big Reasons Why the Dollar's Dominance Won't Wane Any Time Soon
By Matthew Fox
Insider.com, New York
Wednesday, April 5, 2023
The U.S. dollar's dominant role as the world's reserve currency is not going to end any time soon, according to a note yesterday from the Carson Group.
Recent agreements between China and Russia, combined with rising tensions between those two countries and the United States, have sparked speculation that the U.S. dollar is going to lose its dominance within the next decade.
Malaysia, China to discuss 'Asian fund' to cut dependence on dollar
Submitted by admin on Wed, 2023-04-05 16:09 Section: Daily Dispatches
By Anisah Shukry
Bloomberg News
Tuesday, April 4, 2023
China is open to talks with Malaysia on forming an Asian Monetary Fund, said Prime Minister Anwar Ibrahim, reviving a decades old proposal to reduce reliance on the dollar.
Anwar said he proposed setting up the fund at the Boao forum in Hainan last week, stressing the need to reduce reliance on the dollar or the International Monetary Fund.
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Pam and Russ Martens: Lack of confidence in the Fed weakens confidence in banks
Submitted by admin on Wed, 2023-04-05 13:51 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Wednesday, April 5, 2023
Millions of Americans are beginning to ask themselves: Is the Federal Reserve a competent central bank or a terminally compromised regulator that simply does the bidding of Wall Street's mega-banks to the peril of average Americans and the U.S. economy?
Millions of other Americans have already made up their minds on this point.
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Jan Nieuwenhuijs: How a little central bank just covered its losses via gold revaluation
Submitted by admin on Wed, 2023-04-05 13:42 Section: Daily Dispatches1:40p ET Wednesday, Appril 5, 2023
Dear Friend of GATA and Gold:
Craig Hemke at Sprott Money: Breakouts for gold and silver are coming this year and may have already started
Submitted by admin on Tue, 2023-04-04 18:41 Section: Daily DispatchesBy Craig Hemke
Sprott Money, Toronto
Tuesday, April 4, 2023
The final leg of the Fed's stool was kicked out from under them Tuesday morning when the latest JOLTS job openings report showed a dramatic slowdown in the U.S. labor market. It's now not a question of "if" the Fed will cut rates, it's a matter of "when".
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