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Daily Dispatches
Welcome to Jachymov, the Czech town that invented the dollar
Submitted by cpowell on Fri, 2020-01-10 23:28 Section: Daily DispatchesBy Eliot Stein
British Broadcasting Co., London
Wednesday, January 8, 2020
http://www.bbc.com/travel/story/20200107-welcome-to-jchymov-the-czech-to...
500-year-old gold bar shows that stealing gold has a long history
Submitted by cpowell on Fri, 2020-01-10 12:27 Section: Daily DispatchesGold Bar Found Beneath Mexico City Street Was Part of Moctezuma's Treasure
From Reuters
Friday, January 10, 2020
MEXICO CITY -- A new scientific analysis of a large gold bar found decades ago in downtown Mexico City reveals it was part of the plunder Spanish conquerors tried to carry away as they fled the Aztec capital after native warriors forced a hasty retreat.
India's central bank buys 15 tonnes of gold in October and November
Submitted by cpowell on Fri, 2020-01-10 12:13 Section: Daily DispatchesBy Gayathri Nayak
The Times of India, Mumbai
Thursday, January 9, 2020
The Reserve Bank of India stepped up hedging against currency volatility by purchasing 0.48 million troy ounces of gold, close to 15 tonnes, in October and November, central bank data showed.
Support our campaign for a free gold market by purchasing GATA-label wine
Submitted by cpowell on Thu, 2020-01-09 15:44 Section: Daily Dispatches3:49p ET Thursday, January 9, 2020
Dear Friend of GATA and Gold:
Alasdair Macleod: How to return to sound money
Submitted by cpowell on Thu, 2020-01-09 15:17 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, St. Helier, Channel Islands
Thursday, January 9, 2020
Given the current fiat money system is on a path towards its own destruction it is not surprising that there has been increasing talk of a monetary reset. Without a completely different approach and by retaining the same institutions and macroeconomic concepts, any such reset is bound to fail.
Jim Rickards: A new gold standard -- orderly or chaotic?
Submitted by cpowell on Wed, 2020-01-08 14:04 Section: Daily DispatchesBy James Rickards
DailyReckoning.com
Tuesday, January 7, 2020
Over the past century, monetary systems change about every 30 to 40 years on average. Before 1914 the global monetary system was based on the classical gold standard.
Then in 1945 a new monetary system emerged at Bretton Woods. I was at Bretton Woods this past summer to commemorate its 75th anniversary.
Pam and Russ Martens: Fed's balance sheet explodes by $413 billion in 119 days
Submitted by cpowell on Wed, 2020-01-08 13:43 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Wednesday, January 8, 2020
On September 4, 2019, the assets on the balance sheet of the Federal Reserve stood at $3.761 trillion. As of January 1, that figure is $4,173,626,000,000. That's an increase of $413 billion in just the past 119 days and the Fed does not seem inclined to turn off its money spigot to Wall Street any time soon.
Craig Hemke at Sprott Money: New year will bring rate cuts, debt monetization, rising metals
Submitted by cpowell on Tue, 2020-01-07 22:36 Section: Daily Dispatches10:37p ET Tuesday, January 7, 2020
Dear Friend of GATA and Gold:
Shunning actual journalism, Bloomberg's Authers misleads his readers again
Submitted by cpowell on Tue, 2020-01-07 20:56 Section: Daily Dispatches9:05p ET Tuesday, January 7, 2020
Dear Friend of GATA and Gold:
In September 2018 Financial Times columnist John Authers admitted that he had withheld important information from his newspaper's readers so he could exploit it financially for himself:
Pam and Russ Martens: Stock exposure has exploded at JPMorgan's federally-insured bank
Submitted by cpowell on Tue, 2020-01-07 20:10 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Tuesday, January 7, 2020
Federally-insured banks are not supposed to be making large speculations in the stock market. They are supposed to be using bank deposits to make loans to worthy businesses and consumers to help grow the U.S. economy and keep the United States competitive on the global stage.
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