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Daily Dispatches
India, four Southeast Asia countries plan instant retail cross-border payments
Submitted by admin on Tue, 2024-07-02 17:55 Section: Daily DispatchesBy Jaspreet Kalra
Reuters
via Yahoo Finance, Sunnyvale, California
Monday, July 1, 2024
https://finance.yahoo.com/news/india-four-se-asia-countries-082944639.html
MUMBAI -- The central banks of India, Malaysia, Thailand, Singapore, and the Philippines are working together to start an instant cross-border retail payments platform by 2026, the Bank of International Settlements said today.
New Jersey legislature again votes unanimously to end taxes on gold and silver
Submitted by admin on Mon, 2024-07-01 21:24 Section: Daily DispatchesBy Jp Cortez
Money Metals News Service, Eagle, Idaho
Monday, July 1, 2024
For the second time in less than a year, the New Jersey legislature has voted to end the sales tax on purchases of gold and silver coins, bars, and rounds without a single dissenting vote.
A2812 and S721, carried by Sens. Steinhardt and Sarlo and Asms. Greenwald, Swain, and Egan, enjoyed overwhelming support, passing the Senate by a vote of 40-0 and the Assembly with a 71-0 vote.
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Nigeria plans to bring gold reserves home to minimize risk
Submitted by admin on Mon, 2024-07-01 21:17 Section: Daily Dispatches... But has Nigeria actually gotten its metal back yet?
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By Mike Maharrey
Money Meals News Service, Eagle, Idaho
Monday, July 1, 2024
Even Nigeria is now bringing its gold reserves home to keep it safe from the West.
Gold-buying frenzy grips Vietnam and Thailand as economic fears mount
Submitted by admin on Mon, 2024-07-01 07:57 Section: Daily DispatchesBy Su-Lin Tan
South China Morning Post, Hong Kong
Monday, July 1, 2024
Anxious consumers in Vietnam and Thailand are rushing to buy gold -- a sign of Asia’s mounting alarm, analysts say, over currency devaluations against the US dollar, inflation, and geopolitical uncertainty.
Visible queues of buyers waiting to snap up chunks of the yellow metal have persisted outside banks in the Southeast Asian nations for months, in scenes that underscore a growing sense of economic and geopolitical instability rippling through the region.
Futures market's rigging of silver prices explained by Steer to Finance and Liberty
Submitted by admin on Fri, 2024-06-28 21:55 Section: Daily Dispatches9:53p ET Friday, June 28, 2024
Dear Friend of GATA and Gold (and Silver):
Dunagun Kaiser of the Liberty and Finance channel at YouTube today interviewed GATA board member Ed Steer, proprietor of Ed Steer's Gold and Silver Digest, to get an description of how the silver futures market in New York is used to control the monetary metal's price by trading banks working in collusion.
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GATA's Steer sees gold and silver price suppression weakening
Submitted by admin on Wed, 2024-06-26 23:50 Section: Daily Dispatches11:47p ET Wednesday, June 26, 2024
Dear Friend of GATA and Gold (and Silver):
Interviewed by Jesse Day for the Commodity Culture channel at YouTube, GATA board member Ed Steer, publisher of Ed Steer's Gold and Silver Digest, discusses the increasing difficulty bullion banks are having in suppressing monetary metals prices.
Pam and Russ Martens: Fed posts record losses as it pays 5.4% interest to banks
Submitted by admin on Wed, 2024-06-26 11:32 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Wednesday, June 26, 2024
According to Federal Reserve data, for the first time in its history, the Fed has been losing money on a consistent monthly basis since September 28, 2022.
As of the last reporting date of June 19, 2024, those losses add up to a cumulative $176 billion. As shown by the chart posted with this report, which uses Fed data, the losses thus far in 2024 have ranged from a monthly high of $11.076 billion in February to a low of $5.674 billion in May.
Bank information may be at risk in Russian attempt to blackmail Fed
Submitted by admin on Mon, 2024-06-24 21:57 Section: Daily DispatchesFrom Money Metals News Service, Eagle, Idaho
Monday, June 24, 2024
A Russian hacking organization appears to be in the process of blackmailing the Federal Reserve.
On June 23 the criminal organization LockBit 3.0, a Russian ransomware cybercriminal group, publicly stated that it hacked the Federal Reserve and implied it would release more than "33 terabytes of juicy banking information containing details of Americans' banking secrets" unless a large ransom is paid.
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Thanks, Julian Assange, for some truth about gold price suppression
Submitted by admin on Mon, 2024-06-24 21:29 Section: Daily Dispatches9:44p ET Monday, June 24, 2024
Dear Friend of GATA and Gold:
Call us traitors if you want, but advocates of free and transparent markets in the monetary metals may be pleased by tonight's reports that Wikileaks founder Julian Assange has a plea deal with the U.S. government that will convict him of a felony charge of conspiring to obtain and distribute classified information, sentence him to time served in the United Kingdom while resisting extradition, and allow him to return to his native Australia.
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Pam and Russ Martens: Fed and FDIC suddenly awaken to the threat of big banks' derivatives
Submitted by admin on Mon, 2024-06-24 11:33 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Monday, June 24, 2024
Since the financial crash of 2008 and the Federal Reserve's multi-trillion-dollar bank bailouts that followed, the Office of the Comptroller of the Currency has been waving a giant red flag every quarter in its Bank Trading and Derivatives Activities reports.
For 16 years the OCC has been reporting that just four megabanks are responsible for more than 80% of the trillions of dollars in bank derivatives.
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