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Daily Dispatches
CFTC orders BNP Paribas to pay $90 million penalty for rate-rigging
Submitted by cpowell on Fri, 2018-08-31 10:38 Section: Daily DispatchesBy Pete Schroeder
Reuters
Wednesday, August 29, 2018
WASHINGTON -- U.S. federal regulators on Wednesday ordered BNP Paribas to pay a $90 million civil penalty after settling charges against BNP Paribas Securities Corp. for attempted manipulation of the ISDAfix benchmark.
Russian lawmaker suggests gold-linked cryptocurrency for weapons exports
Submitted by cpowell on Thu, 2018-08-30 19:30 Section: Daily DispatchesFrom Crypto Coins News, Asker, Norway
Thursday, August 30, 2018
A senior Russian lawmaker has suggested that Moscow should turn to cryptocurrency backed by gold for payments in Russian arms exports to evade financial sanctions from the West.
World is ganging up against the dollar, Rickards says
Submitted by cpowell on Thu, 2018-08-30 10:22 Section: Daily Dispatches10:25a ET Thursday, August 30, 2018
Dear Friend of GATA and Gold:
In a new essay at the Daily Reckoning and an interview with CNN, newsletter editor James G. Rickards discusses the world's preparations for moving away from the U.S. dollar and U.S. government control over the world financial system.
Argentina raises interest rate to 60% after currency resumes slide
Submitted by cpowell on Thu, 2018-08-30 10:06 Section: Daily DispatchesBy Colby Smith
Financial Times, London
Thursday, August 30, 2018
Argentina's central bank pumped up interest rates by 15 percentage points to 60 percent today after the peso plunged in early trading.
Petro cryptocurrency is harder to find in Venezuela than toilet paper
Submitted by cpowell on Thu, 2018-08-30 09:51 Section: Daily DispatchesIn Venezuela, New Cryptocurrency Is Nowhere to Be Found
By Brian Ellsworth
Reuters
Thursday, August 30, 2018
ATAPIRIRE, Venezuela -- To hear Venezuela's leftist President Nicolas Maduro tell it, this remote hamlet of 1,300 souls is perched on the cutting edge of an innovation in cryptocurrency.
BBC video tour of London silver vaults fails to produce the queen
Submitted by cpowell on Tue, 2018-08-28 19:46 Section: Daily Dispatches7:46p ET Tuesday, Augusdt 28, 2018
Dear Friend of GATA and Gold:
Venezuela proclaims the solution for hyperinflation: paper gold
Submitted by cpowell on Tue, 2018-08-28 17:37 Section: Daily DispatchesIn its own way, it sort of works for Western governments too.
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Venezuela to Sell Gold Ingots to Pensioners as Inflation Soars
By Patricia Laya and Noris Soto
Bloomberg News
Monday, August 27, 2018
President Nicolas Maduro said Venezuela will begin to sell certificates backed by gold ingots as a savings mechanism starting next month.
Craig Hemke at Sprott Money: The trend away from the dollar accelerates
Submitted by cpowell on Tue, 2018-08-28 17:27 Section: Daily Dispatches5:31p ET Tuesday, August 28, 2018
Dear Friend of GATA and Gold:
The trend away from use of the U.S. dollar as the world reserve currency is accelerating as the United States weaponizes the dollar, Craig Hemke of the TF Metals Report writes at Sprott Money today. He concludes that eventually this will boost gold and silver prices.
Gal Luft: The anti-dollar awakening could be ruder and sooner than most think
Submitted by cpowell on Mon, 2018-08-27 21:00 Section: Daily DispatchesBy Gal Luft
CNBC, New York
Monday, August 27, 2018
The United States is waging economic warfare against one tenth of the world's countries with cumulative population of nearly 2 billion people and combined gross domestic product of more than $15 trillion.
EU looking to sidestep U.S. sanctions with payment system plan
Submitted by cpowell on Mon, 2018-08-27 19:44 Section: Daily DispatchesBy William Horobin and Birgit Jennen
Bloomberg News
Monday, August 27, 2018
Germany and France said they're working on financing solutions to sidestep U.S. sanctions against countries such as Iran, including a possible role for central banks.
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