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Daily Dispatches
Alasdair Macleod: Money and the theory of exchange
Submitted by cpowell on Thu, 2019-10-17 13:49 Section: Daily Dispatches1:50p ET Thursday, October 17, 2019
Dear Friend of GATA and Gold:
Pam and Russ Martens: Is Bloomberg News covering up for JPM and other wrongdoers?
Submitted by cpowell on Thu, 2019-10-17 11:54 Section: Daily Dispatches11:53a ET Thursday, October 17, 2019
Dear Friend of GATA and Gold:
Pam and Russ Martens of Wall Street on Parade today present evidence that Bloomberg News has begun covering up for JPMorganChase and other wrongdoers on Wall Street. Their commentary is headlined "The Repo Crisis, Jamie Dimon, and the Bloomberg News Mystery" and it's posted at Wall Street on Parade here:
Ambrose Evans-Pritchard: IMF fears the world's financial system is even more destructive than in 2008
Submitted by cpowell on Wed, 2019-10-16 22:00 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Wednesday, October 16, 2019
https://www.telegraph.co.uk/business/2019/10/16/imf-fears-worlds-financi...
The International Monetary Fund has presented us with a Gothic horror show. The world's financial system is more stretched, unstable, and dangerous than it was on the eve of the Lehman crisis.
Art Cashin: Yes, Fed is doing QE again, only bigger
Submitted by cpowell on Wed, 2019-10-16 10:40 Section: Daily Dispatches10:40a ET Wednesday, October 16, 2019
Dear Friend of GATA and Gold:
Brien Lundin: Don't call it QE, but come to New Orleans to learn how to respond to it
Submitted by cpowell on Tue, 2019-10-15 21:21 Section: Daily DispatchesBy Brien Lundin
Editor, Gold Newsletter
and CEO, New Orleans Investment Conference
Tuesday, October 15, 2019
I'd been warning that this would happen for a few years.
First I told investors that once the Federal Reserve decided to start cutting rates again, gold would quickly add a couple hundred dollars to the price.
Putin's big dollar dump cost Russia nearly $8 billion in one year
Submitted by cpowell on Tue, 2019-10-15 12:05 Section: Daily DispatchesBy Natasha Doff
Bloomberg News
Tuesday, October 15, 2019
https://www.bloomberg.com/news/articles/2019-10-15/putin-s-big-dollar-du...
The first year of President Vladimir Putin's experiment in diversifying away from the U.S. dollar cost Russia about $7.7 billion in potential returns.
Ask Congress to compel New York Fed to reveal who is getting all those loans
Submitted by cpowell on Mon, 2019-10-14 21:53 Section: Daily Dispatches9:53p ET Monday, October 14, 2019
Dear Friend of GATA and Gold:
As financial writers Pam and Russ Martens continue to marvel at the hundreds of billions of dollars being loaned by the Federal Reserve Bank of New York to unidentified financial houses for vague purposes without prompting any inquiry from the country's elected representatives --
Netherlands central bank: Gold is 'the perfect piggy bank' and can rebuild a financial system
Submitted by cpowell on Sun, 2019-10-13 11:51 Section: Daily DispatchesBitcoin.com's Graham Smith today calls attention to the article below he discovered at the internet site of the central bank of the Netherlands. It's unusual for a central bank to be so candid about gold's essential monetary properties and potential for repairing the financial system.
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De Nederlandsche Bank's Gold Stock
From De Nederlandsche Bank, Amsterdam
Russia looks at alternatives to dollar for energy transactions
Submitted by cpowell on Sun, 2019-10-13 11:35 Section: Daily DispatchesBy Max Seddon and Henry Foy
Financial Times, London
Sunday, October 13, 2019
MOSCOW -- Russia is exploring currency settlements in euros and roubles for its vast energy exports in an attempt to avoid the dollar and insulate Moscow from the U.S.-led global financial system.
U.K. regulators review JPMorgan metals trading amid U.S. probe, sources tell Reuters
Submitted by cpowell on Sat, 2019-10-12 17:48 Section: Daily DispatchesBy Lawrence Delevingne and Peter Hobson
Reuters
Friday, October 11, 2019
Britain's financial services regulator is examining allegations of precious metals market manipulation by JPMorgan Chase & Co. traders following criminal charges by U.S. authorities, according to two people familiar with the matter.
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