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Daily Dispatches
Russia may swap Treasuries for IMF debt
Submitted by cpowell on Wed, 2009-06-10 13:25 Section: Daily DispatchesBy Alex Nicholson
Bloomberg News
Wednesday, June 10, 2009
http://www.bloomberg.com/apps/news?pid=20601087&sid=aTtE7kXVBlHk
MOSCOW -- Russia's central bank said it may cut investments in U.S. Treasuries, currently valued at as much as $140 billion, a week after China said it may reduce reliance on the dollar and American bonds.
Smart Money magazine notes falsification of U.S. economic data
Submitted by cpowell on Tue, 2009-06-09 23:39 Section: Daily Dispatches11:35p ET Tuesday, June 9, 2009
Dear Friend of GATA and Gold:
Wired magazine examines E-Gold founder and his trouble with U.S. government
Submitted by cpowell on Tue, 2009-06-09 23:30 Section: Daily Dispatches11:26p ET Tuesday, June 9, 2009
Dear Friend of GATA and Gold:
Wired magazine has published a long and sympathetic treatment of E-Gold founder Douglas Jackson and his trouble with the U.S. government, headlined "Bullion and Bandits: The Improbable Rise and Fall of E-Gold," and you can find it here:
http://www.wired.com/threatlevel/2009/06/e-gold/
CHRIS POWELL, Secretary/Treasurer
Ted Butler: Bad news, good news
Submitted by cpowell on Tue, 2009-06-09 19:01 Section: Daily Dispatches5:55p ET Tuesday, June 9, 2009
Dear Friend of GATA and Gold (and Silver):
China would diversify amid dollar doubts, congressman says
Submitted by cpowell on Tue, 2009-06-09 03:00 Section: Daily DispatchesBy Shaun Tandon
Agence France-Presse
via Philippine Daily Inquirer, Manila
Tuesday, June 9, 2009
http://business.inquirer.net/money/breakingnews/view/20090609-209518/Chi...
Gene Arensberg: Commercial short position in gold resembles 2005's
Submitted by cpowell on Mon, 2009-06-08 17:31 Section: Daily Dispatches2:24p PT Monday, June 8, 2009
Dear Friend of GATA and Gold:
Top China banker wants U.S., World Bank to sell yuan bonds
Submitted by cpowell on Mon, 2009-06-08 03:42 Section: Daily DispatchesBy Martin Howell
Reuters
Sunday, June 7, 2009
http://www.reuters.com/article/newsOne/idUSTRE5561QK20090607
NEW YORK -- A top Chinese banker on Sunday called on the U.S. government and the World Bank to sell yuan-denominated bonds in Hong Kong and Shanghai to encourage the development of debt markets in those centers and to promote the yuan as a major international currency.
Gold has overcome Warren Buffett's disparagement
Submitted by cpowell on Sun, 2009-06-07 20:11 Section: Daily Dispatches5:04p PT Sunday, June 7, 2009
Dear Friend of GATA and Gold:
Our friends at Gold & Silver Investments Ltd. in Dublin last week took a crack at Warren Buffett for his disparagement of gold, noting that gold lately has been doing a lot better than the share price of Buffett's company, Berkshire Hathaway:
http://blog.goldassets.co.uk/2009/06/04/buffett-gets-comeuppance/
Barter currency will have its day in court
Submitted by cpowell on Sun, 2009-06-07 02:18 Section: Daily DispatchesLiberty Dollars Never Took Off as Currency
By Dale Neal
Asheville (North Carolina) Citizen-Times
Sunday, June 7, 2009
http://www.citizen-times.com/apps/pbcs.dll/article?AID=/20090607/NEWS01/...
Liberty Dollars never really worked as an alternative currency, according to Asheville-area residents who collected the coins for their silver value.
IMF aide remarks favorably about new reserve currency
Submitted by cpowell on Sat, 2009-06-06 15:21 Section: Daily DispatchesIMF Says New Reserve Currency to Replace Dollar Is Possible
By Alexander Nicholson
Bloomberg News
Saturday, June 6, 2009
http://www.bloomberg.com/apps/news?pid=20601087&sid=aUYeJEwZaQrw
The International Monetary Fund said it's possible to take the "revolutionary" step of creating a new global reserve currency to replace the dollar over time.
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