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Daily Dispatches

Pension fund seizure, capital controls legislated in Cyprus

Section: Daily Dispatches

See:

Cyprus Closes in on EU Bailout, U-turn on Levy

http://www.reuters.com/article/2013/03/22/us-cyprus-parliament-idUSBRE92...



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Simon White: Cyprus -- the 'glue' of Europe

Section: Daily Dispatches

8:50a HKT Saturday, March 23, 2013

Dear Friend of GATA and Gold:

Hinde Capital's risk management executive Simon White writes today that even if the expropriation in Cyprus is limited to uninsured bank deposits of E100,000 and more, this may cause the flight of uninsured deposits in other euro-zone countries, which would be catastrophic for economic growth.

Martin Sibileau: Central bank secrecy means a manipulated gold market

Section: Daily Dispatches

11:36p HKT Friday, March 22, 2013

Dear Friend of GATA and Gold:

Martin Sibileau, an executive with a big investment firm in Toronto and author of the market letter "A View from the Trenches," last week completed a three-part series of essays about gold market manipulation.

Summary of Jim Sinclair's New York seminar

Section: Daily Dispatches

6:39p HKT Friday, March 22, 2013

Dear Friend of GATA and Gold:

The Anglo Far East bullion people have posted a summary of gold trader and mining entrepreneur Jim Sinclair's gold seminar in New York this week:

http://campaign.anglofareast.com/view.php?cid=909&rid=599&ds=afe_contact...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.


Texas considers repatriating university pension fund's gold

Section: Daily Dispatches

The university pension fund's gold almost certainly is NOT being stored by the Federal Reserve Bank of New York, which stores only central bank gold. Most likely the pension fund's gold is just a matter of Comex futures contracts, claimable against gold held in Comex-approved vaults.

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Perry, Some Lawmakers Want State's Gold Back in Texas

By Emily Ramshaw and Aman Batheja

Windfalls for Wall Street executives taking jobs in government

Section: Daily Dispatches

By Susanne Craig
The New York Times
Thursday, March 21, 2013

http://dealbook.nytimes.com/2013/03/21/financial-windfalls-for-wall-st-e...

People usually say they go into government to perform public service. If they came from Wall Street, however, their former employers often provide another service.

Gold giants shrink to fit as Paulson pushes breakup

Section: Daily Dispatches

By Liezel Hill
Bloomberg News
Wednesday, March 20, 2013

http://www.bloomberg.com/news/2013-03-20/gold-giants-shrink-to-fit-as-pa...

The 10 biggest gold companies, led by Barrick Gold Corp., spent more than $100 billion in the past 20 years buying new mines and projects around the globe. Now they're feeling pressure to throw the strategy into reverse.

New York Sun: Getting beyond the Fed

Section: Daily Dispatches

10:24a HKT Friday, March 22, 2013

Dear Friend of GATA and Gold:

The New York Sun reports today that U.S. Rep. Kevin Brady, R-Texas, chairman of the Joint Economic Committee, has proposed legislation for a review of the monetary system of the United States upon the hundredth anniversary of the creation of the Federal Reserve.

Venezuela threatens to jail anyone who would prefer not to be ripped off

Section: Daily Dispatches

Now THAT'S "financial repression" for you. This could give Bernanke ideas.

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Venezuela Threatens Dollar 'Speculators' With Jail Time

By Nathan Crooks and Jose Orozco
Bloomberg News
Thursday, March 21, 2013

http://www.bloomberg.com/news/2013-03-21/venezuela-threatens-dollar-spec...

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