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Daily Dispatches
Gold fever breaks out in new 'bubble game' as Fed prepares a rate cut
Submitted by cpowell on Mon, 2019-07-29 16:43 Section: Daily DispatchesBy Ksenia Galouchko
Bloomberg News
Monday, July 39, 2019
A top-ranked strategist at Societe Generale has a plan for clients fretting that a fresh wave of monetary easing will fan a bubble across assets.
Glint says its credit card lets you spend gold like money
Submitted by cpowell on Mon, 2019-07-29 16:06 Section: Daily DispatchesBy James Leggate
Fox Business, New York
Monday, July 29, 2019
A new debit card allows users to spend their gold like dollars.
U.K. fintech company Glint launched its debit card in the U.S. today. It can be used anywhere a Mastercard is accepted. Glint's card and app make gold "an alternative global currency," according to the company.
... Dispatch continues below ...
James Turk at KWN: Debt limit isn't raised -- it's waived for a year
Submitted by cpowell on Mon, 2019-07-29 13:39 Section: Daily Dispatches1:35p ET Monday, July 29, 2019
Dear Friend of GATA and Gold:
Clint Siegner: Like Jeffrey Epstein, bullion banks get sweet deals from the Justice Dept.
Submitted by cpowell on Mon, 2019-07-29 12:51 Section: Daily DispatchesLike Jeffrey Epstein, bullion banks get sweet deals from the Justice Department
By Clint Siegner
Money Metals Exchange, Eagle, Idaho
Monday, July 29, 2019
First, a bank’s commodities trading department takes metals investors for a ride like unwitting victims in the back of Jeffrey Epstein’s “Lolita Express.”
Michael Hudson: After negative rates, devaluation and a savings meltdown
Submitted by cpowell on Mon, 2019-07-29 11:10 Section: Daily Dispatches11:08a ET Monday, July 29, 2019
Dear Friend of GATA and Gold:
Economics professor Michael Hudson's latest essay, copied below from his internet site, acknowledges that the Federal Reserve is manipulating both equity prices and gold prices by using the futures markets.
Five banks face civil lawsuit in London over forex dealing
Submitted by cpowell on Mon, 2019-07-29 10:40 Section: Daily DispatchesBy Eva Szalay and Jane Croft
Financial Times, London
Monday, July 29, 2019
Trump Fed pick's push for gold troubles lawmakers
Submitted by cpowell on Sun, 2019-07-28 10:33 Section: Daily DispatchesBy Victoria Guida
Politico, Arlington, Virginia
Sunday, July 28, 2019
https://www.politico.com/story/2019/07/28/judy-shelton-fed-gold-standard...
Decades after the U.S. abandoned its policy of tying the dollar's value to gold, President Donald Trump's latest pick for the Federal Reserve, Judy Shelton, wants to bring it back into style.
Even the Financial Times starts to notice how crazy central banking has gotten
Submitted by cpowell on Sat, 2019-07-27 10:52 Section: Daily DispatchesECB Purchases of Equity Would Be a Dangerous Step
BlackRock Proposal Is Anti-Free Markets and Based on Naked Self-Interest
By Merryn Somerset Webb
Financial Times, London
Friday, July 26, 2019
https://www.ft.com/content/9a6295f6-aefa-11e9-8030-530adfa879c2
Trump says he could still take steps to weaken dollar, fueling confusion
Submitted by cpowell on Fri, 2019-07-26 21:44 Section: Daily DispatchesBy Damian Paletta
Washington Post
Friday, July 26, 2019
President Trump gave mixed signals this week as to whether he would intervene and try to weaken the U.S. dollar, telling aides Tuesday he had ruled out the idea but telling reporters on Friday he was still open to it.
Ronan Manly: End of gold agreement liberates central banks to start buying
Submitted by cpowell on Fri, 2019-07-26 15:46 Section: Daily Dispatches3:41p ET Friday, July 26, 2019
Dear Friend of GATA and Gold:
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