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Tom O'Connor: Sanctions are destroying U.S. dollar's status as top currency
By Tom O'Connor
Newsweek, New York
Monday, April 5, 2021
The United States' reliance on economic sanctions to coerce other countries is gradually losing its effectiveness and slowly degrading one of Washington's most influential tools in international affairs, the power of the U.S. dollar, experts told Newsweek.
The greenback stands in a class of its own as the most popular and robust currency across the international banking system, outsizing its next largest competitor, the euro, a by a factor of nearly three to one.
... Dispatch continues below ...
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Trillium Gold Reports More High-Grade Gold Results at Newman Todd With Final 2020 Drill Results
Company Announcement
via PRNewswire, New York
Thursday, April 1, 2021
VANCOUVER, British Columbia, Canada -- Trillium Gold Mines Inc. (TSXV: TGM, OTCQX: TGLDF, FRA: 0702) reports the final results from the company's 2020 drill program at its flagship Newman Todd property in Red Lake, Ontario. The Newman Todd Zone (NT Zone) is a 2.2-kilometer-long structural target situated 26 kilometers from Evolution Mining's Red Lake operations.
Results from the final 4 drill holes of the 2020 drill campaign (NT20-176, NT20-178, to 180 totalling 1,862 meeters) are now complete and compiled. The large backlog of samples at the lab has been rectified and overdue results from our 2021 drilling are now being received. This brings total drilling at Newman Todd in 2020 to 6,081 meters in 16 drill holes, the first drilling since 2013 on the property.
"Drilling at Newman Todd continues to deliver gold even as we step toward the northern boundary. These results have aided us significantly in our reinterpretation of the structures controlling mineralization within the NT Zone and have helped with the new modeling, which is directing our current drilling," says Bill Paterson, Trillium Gold's vice president of exploration. ...
... For the remainder of the announcement:
https://www.prnewswire.com/news-releases/trillium-gold-reports-more-high...
When it comes to currencies, the dollar is by far the world's safest best. But this could be changing.
The continual use of sanctions to pressure countries and companies perceived to be acting against U.S. interests may also be weakening the dollar's global position.
"It's certainly not an imminent threat to the dominance of the dollar, but it's by far the biggest one," Benn Steil, senior fellow and director of international economics at the Council on Foreign Relations, told Newsweek. ...
... For the remainder of the commentary:
https://www.newsweek.com/sanctions-destroying-us-dollar-status-top-curre...
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http://www.gata.org/files/GATA-4-wine-bottles.jpg
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Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.
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