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Daily Dispatches
Why Britain is still paying the price for Gordon Brown's gold bullion blunder
Submitted by admin on Tue, 2024-03-05 16:58 Section: Daily DispatchesNothing that seemed as stupid and sure to be as loss-making as the Bank of England's gold sales that began in 1999 would have been undertaken unless it accomplished an important objective that couldn't be admitted without causing financial turmoil and scandal.
That is, the Bank of England's gold sales rescued the big UK and U.S. bullion banks from their uncoverable but central bank-instigated short positions as the gold market bounced off the bottom. Saving the banks was deemed necessary to protecting the world financial system.
Ted Butler: The CFTC's (non)response
Submitted by admin on Mon, 2024-03-04 19:45 Section: Daily DispatchesBy Ted Butler
SilverSeek.com
Monday, March 4, 2024
The long-awaited response from the U.S. Commodity Futures Trading Commission to my congressman's office about my concerns about the possible double-counting of publicly reported silver inventories, originally sent to the agency in mid-November, was received by me Friday morning, March 1.
The questions CFTC and Fed won't answer expose gold price suppression policy
Submitted by admin on Wed, 2024-02-28 21:24 Section: Daily Dispatches9:44p ET Wednesday, February 28, 2024
Dear Friend of GATA and Gold:
If mainstream financial news organizations ever work up the courage to report honestly about monetary gold, the commanding heights of the issue will have been mapped out for them by U.S. Rep. Alex X. Mooney, R-West Virginia.
After all, where can investigative journalism start better than with questions that already have been shown to be too politically sensitive for the highest government officials to answer, even when a member of Congress is asking?
E.J. Antoni and Peter St. Onge: Uniparty is only a few steps away from gutting the dollar
Submitted by admin on Wed, 2024-02-28 18:39 Section: Daily DispatchesBy E.J. Antoni and Peter St. Onge
The Heritage Foundation, Washington, D.C.
Tuesday, February 27, 2024
America's political establishment has less respect for the U.S. dollar than our foreign adversaries.
That was made clear when Tucker Carlson recently interviewed the Russian strongman President Vladimir Putin, who clearly articulated how the uniparty in Washington is destroying America's greatest strategic and economic asset—her currency.
Fed chairman refuses to answer congressman's questions on gold repatriation
Submitted by admin on Wed, 2024-02-28 13:42 Section: Daily DispatchesBy Ken Silva
HeadlineUSA, Charlotte, North Carolina
Wednesday, February 28, 2024
Concerned about a weaponized financial system, many countries have signaled plans to remove their gold and other assets from the United States in the wake of the unprecedented Western sanctions imposed on Russia over its invasion of Ukraine.
And at least one congressman is demanding answers from the Federal Reserve as to how much foreign gold has actually been removed from U.S. shores so far.
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U.S. Treasury secretary would expropriate Russian assets, give them to Ukraine
Submitted by admin on Wed, 2024-02-28 13:23 Section: Daily DispatchesYellen Urges World Leaders to 'Unlock' Frozen Russian Central Bank Assets and Send Them to Ukraine
By Fatima Hussein
Associated Press, New York
Tuesday, February 27, 2024
WASHINGTON -- Treasury Secretary Janet Yellen on Tuesday offered her strongest public support yet for the idea of liquidating roughly $300 billion in frozen Russian central bank assets and using them for Ukraine's long-term reconstruction.
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German financial magazine interviews GATA secretary on gold price suppression
Submitted by admin on Tue, 2024-02-27 17:19 Section: Daily Dispatches5:17p ET Monday, February 27, 2024
Dear Friend of GATA and Gold:
Rainer Kromarek of the German financial magazine Smart Investor has just interviewed your secretary/treasurer about gold price suppression and what it will take for the monetary metal to break free of its central bank chains.
The interview can be found at the Smart Investor internet site --
https://www.smartinvestor.de/2024/02/22/im-zangengriff-der-notenbanken/
Maguire discounts gold confiscation, says bitcoin threat to dollar grows
Submitted by admin on Fri, 2024-02-23 20:54 Section: Daily Dispatches8:54p ET Friday, February 23, 2024
Dear Friend of GATA and Gold:
On this week's edition of Kinesis Money's "Live from the Vault" program, London metals trader Andrew Maguire tells host Shane Morand that any attempt by the U.S. government to confiscate gold would collapse bullion banks and cause an explosive rise in the monetary metal's price.
Maguire adds that there seems to be a big shift of investment from gold exchange-traded funds into bitcoin ETFs and that bitcoin is becoming as much a threat to the dollar as gold is.
Bundesbank burns through more than E20 billion to cover huge losses
Submitted by admin on Fri, 2024-02-23 12:08 Section: Daily DispatchesNext stop: gold revaluation?
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By Martin Arnold
Financial Times, London
Friday, February 23, 2024
The German central bank has burnt through the entire E19.2 billion of provisions it built up to cover financial risks as well as most of its E3.1 billion reserves to absorb the huge losses it made last year due to higher interest costs.
Ted Butler: Locked and loaded
Submitted by admin on Thu, 2024-02-22 21:54 Section: Daily DispatchesBy Ted Butler
SilverSeek.com
Thursday, February 22, 2024
We have now reached the point in silver (and gold) where it is difficult for me to see how prices don't quickly explode.
Everything I look at, from a physical supply/demand perspective to the paper positioning set up on the Comex, tells me we are at the point where only an upward price surge makes any sense.
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