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Daily Dispatches
Craig Hemke at Sprott Money: The great Keynesian experiment ends here
Submitted by admin on Tue, 2023-07-18 15:34 Section: Daily DispatchesBy Craig Hemke
Sprott Money, Toronto
Tuesday, July 18, 2023
A long time ago in a galaxy far, far away, I came up with a tagline for my comments at ZeroHedge. It stated, "the end of the great Keynesian experiment is upon us, so prepare accordingly."
Well, it has taken longer than I expected, but at last here we are.
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Switzerland plans to conceal secrets of Credit Suisse collapse for 50 years
Submitted by admin on Tue, 2023-07-18 12:37 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Tuesday, July 18, 2023
The "Deep State" is increasingly feeling like the "Deep Banking State."
Try to get any meaningful information to unravel the corrupt and dangerous interconnections between global banking behemoths today and some government or other entity has slapped a padlock on the information.
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GATA chairman sees weakening in monetary metals price suppression
Submitted by admin on Mon, 2023-07-17 21:43 Section: Daily Dispatches9:42p ET Monday, July 17, 2023
Dear Friend of GATA and Gold (and Silver):
GATA Chairman Bill Murphy, interviewed by GoldSeek Radio's Chris Waltzek, sees short-covering in the silver futures market and suspects that the entities that have been suppressing the price may be weakening, even as retail investor interest in the monetary metals has collapsed. The interview is 10 minutes long and can be heard at GoldSeek here:
Ted Butler: Code Red in silver futures
Submitted by admin on Sun, 2023-07-16 23:17 Section: Daily DispatchesBy Ted Butler
SilverSeek.com
Sunday, July 16, 2023
As a result of data released over the past week (mostly, the last three days), it seems clear to me that we may be facing a market emergency in Comex silver futures.
I am trying hard not to be alarmist, but what I see alarms the heck out of me -- to the point that I believe we are at the most critical juncture in Comex silver since the peak of prices back in early 1980, when all sorts of emergency measures were enacted to deal with the Hunt Brothers that are debated to this day, 43 years later.
Are the BRICS ready to trade one master for another?
Submitted by admin on Sun, 2023-07-16 14:55 Section: Daily Dispatches2:56p ET Sunday, July 16, 2023
Dear Friend of GATA and Gold:
Prompted by the confiscation of Russian assets by the United States and its Western European allies, governments, central banks, and even mainstream news organizations are acknowledging what they should have known all along: that the more you use another nation's currency, the more subservient to that nation you become.
Central banks keep exploiting gold's discount on Comex, Maguire says
Submitted by admin on Sat, 2023-07-15 23:38 Section: Daily Dispatches11:35p ET Saturday, July 15, 2023
Dear Friend of GATA and Gold:
London metals trader Andrew Maguire, speaking on this weekend's "Live from the Vault" program from Kinesis Money, says central banks keep using the "exchange for physicals" mechanism of the New York Commodities Exchange to obtain gold at a discount in the London market. Official demand is so great, Maguire says, that the discount can't last much longer.
The program is 50 minutes long and can be viewed at YouTube here:
India agrees with UAE to settle trade in rupees
Submitted by admin on Sat, 2023-07-15 23:33 Section: Daily DispatchesBy Arpan Chaturvedi
Reuters
Saturday, July 15, 2023
NEW DELHI -- India has signed an agreement with the United Arab Emirates that will allow it to settle trade in rupees instead of dollars, boosting India's efforts to cut transaction costs by eliminating dollar conversions.
During a visit by India's Prime Minister Narendra Modi to the UAE today, the two countries also agreed to set up a real-time payment link to facilitate easier cross-border money transfers.
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Brett Arends: Gold should be dead but somehow it's still adding value
Submitted by admin on Fri, 2023-07-14 18:03 Section: Daily DispatchesBy Brett Arends
MarketWatch, New York
Friday, July 14, 2023
Why isn't gold dead yet?
It hasn't served a vital economic function since the government stopped treating it as money back in 1971. Actually, you could argue it stopped being necessary long before that.
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First Majestic Mines Silver and Gold
in U.S. and Mexico, Operates Bullion Store
Jan Nieuwenjuijs: Will BRICS implement a gold-backed currency in August?
Submitted by admin on Fri, 2023-07-14 17:48 Section: Daily DispatchesBy Jan NIeuwenhuijs
Gainesville Coins, Lutz, Florida
Friday, July 14, 2023
Aside from speculation, there hasn't been official confirmation by any BRICS nations that they will either issue a new currency backed by gold or peg their currencies to gold any time soon.
Although it's likely that discussions are going on among BRICS nations to create a new currency, no agreement has been reached and policymakers are denying that the new currency is soon to be launched.
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EJ Antoni: The decline and fall of the U.S. dollar
Submitted by admin on Fri, 2023-07-14 12:33 Section: Daily DispatchesBy EJ Antoni
The Heritage Foundation, Washington
Thursday, July 13, 2023
The U.S. dollar's reserve currency status is one of America's greatest strengths, but President Joe Biden seems hellbent on toppling the dollar from its throne through both his domestic and foreign policy agenda.
Americans need to pay attention because we've seen this movie before, and it doesn't end well.
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