Daily Dispatches

9p ET Tuesday, February 22, 2022

Dear Friend of GATA and Gold:

Craig Hemke of the TF Metals Report, writing tonight at Sprott Money, notes that U.S. economic sanctions against Russia, including explusion of Russia from the SWIFT international payments system, are likely to accelerate the world economy's move away from the dollar. 

Hemke's analysis is headlined "Russia, Ukraine Crisis, and De-Dollarization" and it's posted at Sprott Money here:

By Ron Paul
Ron Paul Institute for Peace and Prosperity, Clute, Texas
Monday, February 21, 2022

According to numbers released by the US government, consumer prices have increased by 7.5 percent in the past year, the steepest increase since 1982. The actual price increases are even worse than the government numbers suggest, given that the "official"  statistics are manipulated to understate the real rate of price increases.

According to John Williams of ShadowStats, prices have actually increased by around 15 percent over the past year.

By Vince Golle
Bloomberg News
Sunday, February 20, 2022

Federal Reserve Chair Jerome Powell and his colleagues in the coming week can expect to see their key inflation metric accelerate to a fresh four-decade high last seen when Paul Volcker led the U.S. central bank.

The personal consumption expenditures price index, which the Fed uses for its inflation target, probably jumped 6% in January from a year earlier, according to the median of a Bloomberg survey of economists. The core measure, which excludes food and fuel, is forecast to climb 5.2%. 

From Numismatic Guaranty Co.
via Coin Week, Ormond Beach, Florida
Tuesday, February 15, 2022

On September 3, 1857, SS Central America began a voyage from Panama to New York City carrying very important cargo: thousands of freshly minted gold coins from California, desperately needed by New York banks that were facing an economic crisis. 

Six days later, the ship found itself in the grips of a Category 2 hurricane off the coast of the Carolinas.