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Daily Dispatches
Alasdair Macleod: Understanding the inflation problem
Submitted by admin on Thu, 2022-01-20 12:56 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, January 20, 2022
In recent weeks inflation has become a major economic concern. Nearly all the commentary emanating from monetary policy makers, economists, and the media is misguided, believing inflation is rising prices and must be addressed accordingly.
Delightful speculation on the new gold price needed to back the U.S. dollar
Submitted by admin on Wed, 2022-01-19 15:29 Section: Daily Dispatches3:35p ET Wednesday, January 19, 2022
Gold Newsletter editor Brien Lundin today calls attention to a new report by Myrmikan Capital's Dan Oliver about the gold price that would be necessary for U.S. gold reserves to back the dollar at levels that once were traditional:
Will this be the year of sound money in the U.S.?
Submitted by admin on Tue, 2022-01-18 21:32 Section: Daily DispatchesBy JP Cortez
Money Metals News Service, Eagle, Idaho
Tuesday, January 18, 2022
Last year was a good year for state-level sound-money legislation across the United States, and 2022 could be even better.
Building on the success enjoyed by sound-money advocates in Arkansas and Ohio last year, more than a half dozen states are now considering legislation that rolls back discriminatory taxes and regulations on the sale, use, and purchase of gold and silver.
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Craig Hemke at Sprott Money: Another mechanism for rigging Comex gold futures prices?
Submitted by admin on Tue, 2022-01-18 12:01 Section: Daily Dispatches11:57a ET Tuesday, January 18, 2022
Dear Friend of GATA and Gold:
Writing at Sprott Money today, the TF Metals Report's Craig Hemke suggests that increases in "trade at settlement" trades in Comex gold futures signify another mechanism by which bullion banks conceal their trading the better to manipulate prices.
Hemke's analysis is headlined "Comex Gold Trade at Settlement" and it's posted at Sprott Money here:
Pam and Russ Martens: Nomura, JPM, Goldman Sachs got $8 trillion in emergency Fed loans in Q4 2019
Submitted by admin on Mon, 2022-01-17 10:52 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Monday, January 17, 2022
The Dodd-Frank financial reform legislation of 2010 ordered the Government Accountability Office, an investigative body for Congress, to audit the Fed's alphabet soup of emergency lending programs conducted during and after the 2008 financial crisis. The GAO found that a cumulative $16.1 trillion had been pumped out to Wall Street firms by the Fed -- at super-cheap interest rates. The GAO provided data for the peak amounts outstanding and also a cumulative total.
Treasure hunter strikes gold with discovery of 700-year-old Henry III coin
Submitted by admin on Sun, 2022-01-16 19:54 Section: Daily DispatchesBy Daniel Capurro
The Telegraph, London
Sunday, January 16, 2022
A detectorist has uncovered just the eighth known example of England’s "first gold coinage,” with the piece expected to sell at auction for nea:rly half a million pounds.
The Henry III coin, minted in 1257, owes its value both to its rarity and the unique portrait of the monarch on its obverse side.
The coin carries a pre-sale estimate of L400,000 but past examples have sold for more than L500,000. It is the first of its kind found in more than 260 years.
Americans stampede into inflation-linked bonds, smashing records
Submitted by admin on Sat, 2022-01-15 10:53 Section: Daily DispatchesBut purchases are limited to $10,000 per year per person. Allowing unlimited purchases would defeat the government's policy of "financial represssion."
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By Elizabeth Stanton
Bloomberg News
Friday, January 14, 2022
American savers piled into inflation-protected savings bonds, scooping up more in December alone than they had for any full previous year, as consumer prices soared across the U.S.
Alasdair Macleod: A euro catastrophe could explode the European Union
Submitted by admin on Thu, 2022-01-13 12:05 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, January 13, 2022
This article looks at the situation in the euro system in the context of rising interest rates. Central to the problem is role of the European Central Bank, which through monetary inflation embarked on a policy of transferring wealth from fiscally responsible member states to the spendthrift PIGS and France.
The consequences of these policies are that the spendthrifts are now ensnared in irreversible debt traps.
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Big Macs may get to $2,000 before gold
Submitted by admin on Thu, 2022-01-13 11:43 Section: Daily Dispatches11:49a ET Thursday, January 13, 2022
Dear Friend of GATA and Gold:
Despite yesterday's rather sensational inflation news, inflation isn't accelerating as much as it is breaking away from the camouflage that long has been thrown over it by the U.S. government and mainstream financial news organizations.
'Sell dollar for everything else' is echoing across trading rooms
Submitted by admin on Thu, 2022-01-13 11:05 Section: Daily DispatchesBy Ruth Carson and Joanna Ossinger
Bloomberg News
Thursday, January 13, 2022
Sell the dollar and put money into assets such as emerging-market stocks and gold as the world's economic recovery gathers steam, money managers say.
A growing chorus of investors is betting the world's reserve currency has reached a peak in a dramatic turnaround from a month ago when positioning in the greenback was the most bullish since 2015.
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