Daily Dispatches

Lack of reliable domestic money corrupts everyone in Zimbabwe's capital

Submitted by cpowell on Sun, 2018-05-27 10:19 Section: Daily Dispatches

Inside Zimbabwe's Multi-Million-Dollar Black Economy

From the Center for Investigative Journalism
Harare, Zimbabwe
Friday, May 25, 2018

Read more about Lack of reliable domestic money corrupts everyone in Zimbabwe's capital

Hyperinflation, free electricity fuel crypto-mining boom in Caracas

Submitted by cpowell on Sun, 2018-05-27 10:11 Section: Daily Dispatches

There's a Crypto-Mining Machine in Every Home in Caracas

By Daniel Cancel
Bloomberg News
Friday, May 25, 2018

CARACAS, Venezuela -- Crypto fever may have cooled across much of the globe, but don't tell that to folks here. They're mining coins like crazy.

Read more about Hyperinflation, free electricity fuel crypto-mining boom in Caracas

Europeans in Iran bitterly denounce U.S. as 'Caesar' amid new sanctions

Submitted by cpowell on Sun, 2018-05-27 10:04 Section: Daily Dispatches

By Thomas Erdbrink
The New York Times
Saturday, May 26, 2017

TEHRAN, Iran -- After the landmark nuclear agreement of 2015, hundreds of European, Asian and even American companies rushed to enter Iran's largely untapped market of 80 million people, assured by the United States and the other signatories that their investments would be safe for at least a decade.

Read more about Europeans in Iran bitterly denounce U.S. as 'Caesar' amid new sanctions

Erdogan calls on Turks to convert dollars and euros into their own nation's currency

Submitted by cpowell on Sat, 2018-05-26 19:53 Section: Daily Dispatches

From Hurriyet Daily News, Istanbul
Saturday, May 26, 2018

ERZURUM, Turkey -- Turkish President Recep Tayyip Erdogan called on Turkey's citizens today to convert their dollar and euro savings into lira, as he sought to bolster the ailing currency which has lost some 20 percent of its value against the U.S. currency this year.

Read more about Erdogan calls on Turks to convert dollars and euros into their own nation's currency

Northern Dynasty sinks along with financing deal with First Quantum

Submitted by cpowell on Sat, 2018-05-26 10:04 Section: Daily Dispatches

By Danielle Bochove
Bloomberg News
Friday, May 25, 2018

Northern Dynasty Minerals Ltd. plummeted Friday after the collapse of a pact with First Quantum Minerals Ltd. to finance the controversial Pebble mining project in Alaska.

Read more about Northern Dynasty sinks along with financing deal with First Quantum

Turkey's election angst is driving up demand for gold coins

Submitted by cpowell on Sat, 2018-05-26 09:42 Section: Daily Dispatches

By Cagan Koc, Rupert Rowling, and Eddie van der Walt
Bloomberg News
Friday, May 25, 2018

With just a month until elections, shopkeepers at Turkey's biggest bazaar say they're seeing a jump in demand for gold coins.

Read more about Turkey's election angst is driving up demand for gold coins

Brandon White: Five developments this week in the transition to a gold-based monetary system

Submitted by cpowell on Fri, 2018-05-25 22:12 Section: Daily Dispatches

10:15p ET Friday, May 25, 2018

Dear Friend of GATA and Gold:

In his "This Week in Three Minutes" video commentary, Brandon White of bullion dealer BMG Management Group in Toronto describes five developments in the last week that indicate the world's transition away from a financial system based on the U.S. dollar to a system based in part on gold. White's commentary can be viewed here: