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Fed's cartoons promise 'just the right amount of inflation'
That's all, folks.
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Federal Reserve Builds Lego Town to Explain Inflatin
By Catarina Saraiva
Bloomberg News
via The Detroit News
Monday, June 21, 2021
Inflation has caught America's attention and the Federal Reserve is reaching for Lego to explain why some price rises will probably prove temporary.
As policy makers strive to communicate their approach to keeping inflation in check -- a vital step to preserve their credibility with the American public amid a recent surge in prices -- the Cleveland Fed is taking a different approach.
... Dispatch continues below ...
Asante Gold Acquires Key Exploration Land
on Ashanti and Asankrangwa Gold Belts in Ghana
Company Announcement
via Globe Newswire, Omaha, Nebraska
Friday, May 28, 2021
VANCOUVER, British Columbia, Canada -- Asante Gold Corp. (CSE: ASE / Frankfurt: 1A9 / U.S. OTC: ASGOF) reports that it has received notice from the Minerals Commission of Ghana that eight highly prospective concessions covering approximately 314 square kilometers have been recommended for transfer to Asante.
These licenses are comprised of the Diaso (104.1 km2), Juabo (59.2 km2), Manhia (18.69 km2), Dunkwa Gyimigya (32.72 km2), Gyimigya (5.52 km2), Agyaka Manso (40.0 km2), Amuabaka (28.86 km2), and Nkronua-Atifi (24.97 km2) prospecting licenses. All licenses are being acquired as issued by the Minerals Commission from Goknet Mining Co. Ltd. pursuant to the terms of agreement with Goknet dated December 28, 2016.
The concessions were variously explored by Canadian exploration juniors Nevsun Resources, Tri-Star Gold, and Golden Rule Resources in the late 1990s and most recently by PMI Gold Corp. (now Galiano Gold) from 2002 through August 2014, when rights to the land were acquired by Goknet. ...
... For the remainder of the announcement:
https://www.globenewswire.com/
In a series of three 60-second animated videos --
https://www.clevelandfed.org/our-research/center-for-inflation-research/inflation-101.aspx
-- it explains what inflation is, why people should care about it, and how the Fed controls it, each using a town and characters built out of the Danish toymaker's colorful plastic bricks.
The Cleveland Fed, home to the Center for Inflation Research, differentiates between inflation across a wide variety of categories and price increases restricted to just a few areas of the economy.
Lego people scream as a narrator describes hyperinflation, where prices increase at uncontrollable levels, before they're reassured that the Fed's got things under control.
The final moments leave watchers with a sense of peace, showing how the Fed can keep inflation on track using its various policy tools.
"With the help of the Federal Reserve, there's just the right amount of inflation," the narrator explains.
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with great GATA-label wine
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http://www.gata.org/files/GATA-4-wine-bottles.jpg
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-- 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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