Daily Dispatches
Brazilian central bank intervenes as real's slide deepens, down 7% this year
Submitted by cpowell on Sat, 2021-02-27 16:49. Section: Daily DispatchesBy Jamie McGeever
Reuters
Saturday, February 24, 2021
BRASILIA -- Brazil's central bank twice waded into the spot currency market on Friday, selling a total of $1.545 billion as the real slid further against the dollar to cement its status as one of the world's worst-performing currencies this year.
Canadian miners dig deeper in West Africa
Submitted by cpowell on Sat, 2021-02-27 16:40. Section: Daily DispatchesBy Christophe Le Bec, Honore Banda, and Amadou Oury Diallo
The Africa Report, Paris
Thursday, February 25, 2021
In the underexplored and booming gold-mining areas of West Africa, Canadian miners are moving fast to expand their operations.
Nigerian central bank governor suggests naira has been devalued
Submitted by cpowell on Sat, 2021-02-27 15:53. Section: Daily DispatchesBy Anthony Osae-Brown and Tope Alake
Bloomberg News
Saturday, February 27, 2021
Nigeria's central bank governor suggested the nation’s currency has been devalued.
Gold is a powerful weapon both for and against central banking
Submitted by cpowell on Fri, 2021-02-26 16:49. Section: Daily Dispatches11:59a ET Friday, February 25, 2021
Dear Friend of GATA and Gold:
Time for another installment of our occasional feature "Ask a High School Graduate."
Our friend J.S. writes:
London metals trader Andrew Maguire said this week in his interview for Kinesis Money --
Tuomas Malinen: The conditions for hyperinflation are in place
Submitted by cpowell on Fri, 2021-02-26 16:28. Section: Daily DispatchesBy Tuomas Malinen
GNS Economics, Helsinki, Finland
Wednesday, February 24, 2021
From time-to-time historically, national authorities have resorted to financing by their central bank to cover budget shortfalls. Another word for this is monetization of debt or deficit-financing by the central bank.
Pam and Russ Martens: Wall Street tells Fed there's no more room for Treasuries
Submitted by cpowell on Fri, 2021-02-26 16:07. Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Friday, February 26, 2021
Plenty of silver is available, London trader Maguire says, but only at much higher prices
Submitted by cpowell on Fri, 2021-02-26 01:43. Section: Daily Dispatches8:40p ET Thursday, February 25, 2021
Dear Friend of GATA and Gold:
Alasdair Macleod: Monetary inflation -- the next step
Submitted by cpowell on Thu, 2021-02-25 17:14. Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, February 25, 2021
Earlier this month the U.S. Treasury released its plan to flood the financial system with cash by reducing its balance on its general account at the Fed by $1.229 trillion by not renewing an equivalent amount of T-Bills.
Pam and Russ Martens: Lawless coup on Wall Street continues as GameStop soars
Submitted by cpowell on Thu, 2021-02-25 16:13. Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Thursday, February 25, 2021
It's not just the nation's Capitol that saw a lawless attempted coup this year. There's an ongoing lawless coup taking place on Wall Street among stock manipulators who seem to be sending the message to the Biden administration, "We dare you to catch us."
... Dispatch continues below ...
Yellen supports new allocation of IMF's SDR currency to help poor nations
Submitted by cpowell on Thu, 2021-02-25 15:23. Section: Daily DispatchesBy Andrea Shalal and David Lawder
Reuters
Thursday, February 25, 2021
WASHINGTON -- U.S. Treasury Secretary Janet Yellen today threw her support behind a new allocation of the IMF's own currency, or Special Drawing Rights, but said broad parameters were needed to boost transparency on how the reserves are used and traded.
