Daily Dispatches

Chinese central banker sketches plan for new reserve currency

Submitted by cpowell on Mon, 2009-03-23 07:44 Section: Daily Dispatches

By Alan Wheatley
Reuters
Monday, March 23, 2009

http://www.reuters.com/article/marketsNews/idINPEK18455820090323?rpc=44

BEIJING -- China's central bank chief on Monday proposed a sweeping overhaul of the global monetary system, outlining how the dollar could eventually be replaced as the world's main reserve currency by the Special Drawing Right.

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China expresses cautious faith in Treasuries, dollar

Submitted by cpowell on Mon, 2009-03-23 07:37 Section: Daily Dispatches

By Zhou Xin
Reuters
Monday, March 23, 2009

http://www.reuters.com/article/gc04/idUSTRE52M12C20090323

BEIJING -- China will continue to buy U.S. government debt, viewing the credit risk as low overall, a senior central bank official said on Monday.

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Peter Brimelow: Bugs triumphant about gold, terrified about U.S.

Submitted by cpowell on Mon, 2009-03-23 07:23 Section: Daily Dispatches

By Peter Brimelow
MarketWatch.com
Monday, March 23, 2009

http://www.marketwatch.com/news/story/Bugs-triumphant-about-gold-terrifi...

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Young Japanese learn about gold -- or maybe just counterparty risk

Submitted by cpowell on Mon, 2009-03-23 00:04 Section: Daily Dispatches

Young Japanese Boost Gold Buying Amid Recession

By Yasumasa Song
Bloomberg News
Sunday, March 23, 2009

http://www.bloomberg.com/apps/news?pid=20601101&sid=aGNN6Ho1NIbc

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Here comes another trillion to rescue busted banks

Submitted by cpowell on Sun, 2009-03-22 15:34 Section: Daily Dispatches

Treasury's Toxic Asset Plan Could Cost $1 Trillion

By Martin Crutsinger
Associated Press
via Yahoo News
Sunday, March 22, 2009

http://news.yahoo.com/s/ap/20090322/ap_on_go_pr_wh/bank_rescue

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On new radio show, Taylor interviews 'Creature' author Griffin

Submitted by cpowell on Sat, 2009-03-21 12:02 Section: Daily Dispatches

11:57a ET Saturday, March 21, 2009

Dear Friend of GATA and Gold:

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Fed losing support as super-regulator of markets

Submitted by cpowell on Sat, 2009-03-21 11:34 Section: Daily Dispatches

By Alison Vekshin
Bloomberg News
Saturday, March 21. 2--9

http://www.bloomberg.com/apps/news?pid=20601087&sid=acda83O7fg0g&refer=home

WASHINGTON -- A proposal to put the Federal Reserve in charge of market oversight is losing congressional support after its main backer, U.S. Rep. Barney Frank, said criticism over American International Group Inc. "undercuts" his proposal.

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GoldSeek Radio interviews GATA Chairman Bill Murphy

Submitted by cpowell on Sat, 2009-03-21 01:02 Section: Daily Dispatches

1a ET Saturday, March 21, 2009

Dear Friend of GATA and Gold:

GoldSeek Radio's Chris Waltzek interviewed GATA Chairman Bill Murphy this week about gold's recent performance, its prospects, and GATA's next undertakings. You can listen to the interview at GoldSeek Radio here:

http://www.radio.goldseek.com/GSRplayer03.21.09.php

CHRIS POWELL, Secretary/Treasurer