Big money soon may rush into little gold and silver markets, GATA chairman says
Submitted by admin on Fri, 2023-03-31 19:54 Section: Daily Dispatches7:54p ET Friday, March 31, 2023
Dear Friend of GATA and Gold:
GoldSeek Radio's Chris Waltzek today talks with GATA Chairman Bill Murphy about increasing signs of strength in gold and silver prices. Murphy says as much as $300 trillion in investment money soon may be pursuing monetary metals now valued at only $10 trillion. The interview is 12 minutes long and can be heard at GoldSeek here:
Alasdair Macleod: Deflating the credit bubble
Submitted by admin on Fri, 2023-03-31 13:30 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Friday, March 31, 2023
The theme of this article is debt deflation. How likely is it that the downturn in broad money supply will continue, and if so, why? And what are the consequences?
The major central banks have increasingly resorted to interest rate management as their principal means of demand management. Yet history shows little correlation between managed interest rates and the growth of credit, which is represented by broad money statistics.
... Dispatch continues below ...
Gillian Tett: Prepare for a multipolar currency world
Submitted by admin on Thu, 2023-03-30 19:59 Section: Daily DispatchesBy Gillian Tett
Financial Times, London
Thursday, March 30, 2023
https://www.ft.com/content/f8f3b2cd-6690-4f26-b81e-e972751c8799
This month, Russia and China are sparking new jitters in Washington. That is primarily because of their stage-managed displays of diplomatic unity, around Ukraine and much else.
U.S. money supply falling at fastest rate since 1930s
Submitted by admin on Thu, 2023-03-30 12:59 Section: Daily DispatchesBy Jamie McGeever
Reuters
Thursday, March 30, 2023
U.S. money supply is falling at its fastest rate since the 1930s, a red flag for the economy and financial markets.
Money supply has now been shrinking year-on-year since December, an unprecedented development in modern times that should make investors sit up and take notice -- growth, asset prices and inflation could all weaken.
... Dispatch continues below ...
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Germans shun deposits abroad on fear of new crisis
Submitted by admin on Thu, 2023-03-30 12:32 Section: Daily DispatchesBy Francesco Canepa
Reuters
Thursday, March 30, 2023
FRANKFURT, Germany -- German savers are getting cold feet about deposits held abroad despite juicier interest rates for fear of getting embroiled in a crisis like the one that hit Silicon Valley Bank, data compiled for Reuters shows.
German households, who have Europe's deepest pockets with 2 trillion euros held in cash, had been seeking higher returns on their cash by opening deposits online at small banks in weaker economies such as Lithuania, Malta, Italy, and Portugal.
Pam and Russ Martens: Four U.S. mega-banks have more than $3 trillion in uninsured deposits
Submitted by admin on Thu, 2023-03-30 12:14 Section: Daily Dispatches12:10p ET Thursday, March 30, 2023
Dear Friend of GATA and Gold:
Pam and Russ Martens of Wall Street on Parade report today that four of the biggest banks in the United States -- JPMorganChase, Bank of America, Wells Fargo, and Citibank -- collectively hold more than $3 trillion in uninsured deposits.
Good thing the U.S. banking system is sound -- and that the U.S. government itself is too.
