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Daily Dispatches
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.
Deutsche Bank merger with Commerzbank considered likely
Submitted by cpowell on Mon, 2018-08-27 09:12 Section: Daily DispatchesDeutsche-Commerzbank Deal Seen as a Question of When, Not If
By Olaf Storbeck
Financial Times, London
Monday, August 27, 2018
FRANKFURT, Germany -- To many observers in Frankfurt a tie-up between Deutsche Bank and Commerzbank is not seen as a question of if, but when.
China suggests it wants no more devaluation of yuan
Submitted by cpowell on Mon, 2018-08-27 08:50 Section: Daily DispatchesYuan Hits Four-Week High as China Signals Support, Revives X-Factor for Fixing
From Reuters
Sunday, August 26, 2018
Would Tocqueville's Hathaway risk too much by being honest?
Submitted by cpowell on Sun, 2018-08-26 21:55 Section: Daily Dispatches10:07p Sunday, August 26, 2018
Dear Friend of GATA and Gold:
In response to GATA's August 23 dispatch -- "Tocqueville's Hathaway Marvels at Gold's Depression but Declines to Explain It" --
http://www.gata.org/node/18446
-- a friend who is a fund manager writes:
Tocqueville's Hathaway marvels at gold's depression but declines to explain it
Submitted by cpowell on Thu, 2018-08-23 11:04 Section: Daily Dispatches11:14a ET Thursday, August 23, 2018
Dear Friend of GATA and Gold:
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