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Daily Dispatches
Asia makes big screens and we just watch TV
Submitted by cpowell on Sat, 2008-09-20 10:37 Section: Daily DispatchesBy Chris Powell
Journal Inquirer, Manchester, Connecticut
Saturday, September 20, 2008
http://www.journalinquirer.com/articles/2008/09/20/chris_powell/doc48d45...
What is it about the United States that every generation it must have a catastrophically mistaken imperial war and a catastrophically expensive rescue of its predatory financial class?
Joe Nocera: U.S. govt. has little idea of what it's doing
Submitted by cpowell on Sat, 2008-09-20 10:15 Section: Daily DispatchesA Hail-Mary Pass, But No Receiver in the End Zone
By Joe Nocera
The New York Times
Friday, September 19, 2008
http://www.nytimes.com/2008/09/20/business/20nocera.html?_r=1&8dpc&o
It was the end of the worst week for financial markets since 1929, and Treasury Secretary Henry M. Paulson Jr. looked sleep-deprived.
Max Keiser: Financial houses would acquire banks to rob them
Submitted by cpowell on Sat, 2008-09-20 09:47 Section: Daily Dispatches9:40a ET Saturday, September 20, 2008
Dear Friend of GATA and Gold:
Liberty Dollar founder defiant at Silver Summit
Submitted by cpowell on Sat, 2008-09-20 09:24 Section: Daily DispatchesLegal Issues Still Dog Liberty Dollar
By Rick Thomas
Coeur d'Alene Press
Coeur d'Alene, Idaho
Friday, September 19, 2008
http://www.cdapress.com/articles/2008/09/20/business/bus01.txt
COEUR d'ALENE -- All that was missing was shackles on his ankles.
Citigroup report credits gold bugs for seeing danger of derivatives
Submitted by cpowell on Fri, 2008-09-19 16:57 Section: Daily Dispatches4:55p ET Friday, September 19, 2008
Dear Friend of GATA and Gold:
The Citigroup gold report cited in today's dispatch, which credits gold bugs for seeing that derivatives would destroy the world financial system, can be found here:
http://www.gata.org/files/CitigroupGoldReport-09-17-2008.pdf
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
* * *
Bugs were right about derivatives disaster, Citigroup analysts say
Submitted by cpowell on Fri, 2008-09-19 10:40 Section: Daily Dispatches10:30a ET Friday, September 19, 2008
Dear Friend of GATA and Gold:
MineWeb's Dorothy Kosich writes about a new report from Citigroup analysts John H. Hill and Graham Wark, who last year wrote a report acknowledging that central banks were strategically intervening in the gold market to suppress gold's price. You can find their report from last year here:
Treasury taps ESF to guarantee money-market funds
Submitted by cpowell on Fri, 2008-09-19 08:40 Section: Daily DispatchesBy Martin Crutsinger
Associated Press
Friday, September 19, 2008
http://news.yahoo.com/s/ap/20080919/ap_on_bi_ge/fund_rescue;_ylt=AsiOvFv...
WASHINGTON -- The Treasury Department announced Friday it will tap into a Depression-era fund to provide guarantees for the nation's money market mutual funds.
Govt. would buy all bad loans, back money-market funds
Submitted by cpowell on Fri, 2008-09-19 00:22 Section: Daily DispatchesCiting Grave Financial Threats, Officials Ready Massive Rescue
Lawmakers Work With Fed, Treasury To Try to Restore The Flow of Money
By Binyamin Appelbaum and Lori Montgomery
Washington Post
Friday, September 19, 2008
http://www.washingtonpost.com/wp-dyn/content/article/2008/09/18/AR200809...
Bye-bye, deflation -- Comprehensive bailout in the works
Submitted by cpowell on Thu, 2008-09-18 21:15 Section: Daily DispatchesPossible U.S. Bailout Grips Washington, Wall Street
By Kevin Drawbaugh and Jeremy Pelofsky
Reuters
Thursday, September 18, 2008
Chinese govt. buys bank shares, drops tax on stock trading
Submitted by cpowell on Thu, 2008-09-18 21:02 Section: Daily DispatchesBy Nipa Piboontanasawat and Wing-Gar Cheng
Bloomberg News
Friday, September 19, 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=azK0n73WyuOc&refer=home
China will scrap the tax on stock purchases and buy shares in three of the largest state-owned banks to shore up investor confidence in the world's second- worst-performing stock market this year.
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