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Daily Dispatches
U.N. panel urges replacing dollar with currency basket
Submitted by cpowell on Fri, 2009-03-20 01:06 Section: Daily DispatchesBy Jeremy Gaunt
Reuters
Wednesday, March 18, 2009
http://www.reuters.com/article/newsOne/idUSTRE52H2CY20090318
LUXEMBOURG -- A United Nations panel next week will recommend that the world ditch the dollar as its reserve currency in favor of a shared basket of currencies, a member of the panel said on Wednesday, adding to pressure on the dollar.
China said to support Russia on replacing dollar
Submitted by cpowell on Thu, 2009-03-19 14:59 Section: Daily DispatchesBy Gleb Bryanski
Reuters
Thursday, March 19, 2009
http://www.reuters.com/article/usDollarRpt/idUSLJ93633020090319
MOSCOW -- China and other emerging nations back Russia's call for a discussion on how to replace the dollar as the world's primary reserve currency, a senior Russian government source said on Thursday.
Trace Meyer: Fed will fail with quantitative easing
Submitted by cpowell on Wed, 2009-03-18 20:50 Section: Daily Dispatches8:49p ET Wednesday, March 18, 2009
Dear Friend of GATA and Gold:
Trace Meyer, proprietor of the Run To Gold site, mentions GATA's work in his essay posted tonight, "Federal Reserve Will Fail with Quantitative Easing," which you can find at Run to Gold here:
http://www.runtogold.com/2009/03/federal-reserve-will-fail-with-quantita...
CHRIS POWELL, Secretary/Treasurer
A trillion in debt monetization on way from Fed
Submitted by cpowell on Wed, 2009-03-18 20:41 Section: Daily DispatchesFed Launches Bold $1.2 Trillion Effort to Revive Economy
By Jeannine Aversa
Associated Press
via Yahoo News
Wednesday, March 18, 2009
http://news.yahoo.com/s/ap/20090319/ap_on_bi_ge/fed_interest_rates
With all that thin-air money, gold alone needs to be sold
Submitted by cpowell on Wed, 2009-03-18 13:45 Section: Daily Dispatches1:45p ET Wednesday, March 18, 2009
Dear Friend of GATA and Gold:
China's purchase of Treasuries to fall with trade surplus
Submitted by cpowell on Wed, 2009-03-18 08:45 Section: Daily DispatchesBy Wang Xu
China Daily, Beijing
Wednesday, March 18, 2009
http://www.chinadaily.com.cn/china/2009-03/18/content_7588430.htm
Holdings of US Treasury bonds rose in January, but the increase is the slightest since last June, indicating that China's appetite for the securities is set to diminish as a result of the falling trade surplus and rising concern over investment security.
Patrick Heller: Gold price manipulation more blatant
Submitted by cpowell on Wed, 2009-03-18 08:31 Section: Daily Dispatches8:30a ET Wednesday, March 18, 2009
Dear Friend of GATA and Gold:
Goldman's share of AIG money draws fire
Submitted by cpowell on Wed, 2009-03-18 08:25 Section: Daily DispatchesBy Paritosh Bansal
Reuters
Wednesday, March 18, 2009
http://www.reuters.com/article/ousiv/idUSTRE52H0B520090318?virtualBrandC...
NEW YORK -- American International Group funneled over $90 billion of taxpayer bailout funds to various U.S. and European banks, but the biggest beneficiary was politically connected Goldman Sachs Group Inc.
Ecuador lifts mining bans on Kinross, Corriente
Submitted by cpowell on Tue, 2009-03-17 22:55 Section: Daily DispatchesBy Pablo Gaete
Business News Americas, Santiago, Chile
Tuesday, March 17, 2009
http://www.bnamericas.com/news/mining/Govt_officially_lifts_mining_ban_o...
Canadian miners Kinross Gold and Corriente Resources have received official letters from the Ecuadorian government lifting their mining bans and allowing them to resume operations immediately.
Investment firm buys 11% stake in AngloGold Ashanti
Submitted by cpowell on Tue, 2009-03-17 22:41 Section: Daily DispatchesBy Saijel Kishan and Thomas Biesheuvel
Bloomberg News
Tuesday, March 17, 2009
http://www.bloomberg.com/apps/news?pid=20601080&sid=amv2YqPURyNI
Paulson & Co., the New York-based investment firm run by John Paulson, bought a stake in AngloGold Ashanti Ltd. from Anglo American Plc for $1.28 billion as hedge funds increase their gold holdings.
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