GATA
New Orleans 2019

FT imagines 'financial literacy' is defeating gold in India

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11:11a ET Wednesday, August 21, 2019

Dear Friend of GATA and Gold:

Predictably enough the Financial Times report today that is appended here underplays the Indian government's unending war against gold, while acknowledging that the government's paperization campaign has failed so far.

Switzerland has a new way to impose the world's lowest interest rate

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By Catherine Bosley and Richard Jones
Bloomberg News
Wednesday, August 21, 2019

The Swiss National Bank has a new way of enforcing the world's lowest interest rate.

Iran plans currency devaluation

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Iran Moves to Strike 4 Zeroes from Its Battered Currency

By Amir Vahdat and Jon Gambrell
Associated Press
Wednesday, August 21, 2019

TEHRAN, Iran -- Iran's president today sent to parliament a bill that would cut four zeroes from the value of the Islamic Republic's sanctions-battered currency, the rial, as tensions remain high between Tehran and Washington.

Dmitry Migunov: Russia needs time to exit the dollar, as a quick withdrawal won't work

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From the Middle East Media Research Institute, Washington
Tuesday, August 20, 2019

After sustaining a series of very tough sanctions imposed by the United States in 2017-2019, Russia has redoubled its efforts to modify the dollar-dominated international trade system. Russian expert Dmitry Migunov explained that Russia's de-dollarization plan consists of two parts.

Gold smashdowns aren't working anymore, GATA chairman tells GoldSeek Radio

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8:43p ET Tuesday, August 20, 2019

Dear Friend of GATA and Gold:

GATA Chairman Bill Murphy, interviewed by GoldSeek Radio's Chris Waltzek, says the usual smashdowns against gold aren't working anymore and he believes it's because the "gold cartel" is at last running out of the real metal it has used to control the price.

Pam and Russ Martens: Investment bank crony regulators dismember the Volcker Rule

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Goldman Sachs and JPMorgan Have Flagrantly Flouted the Volcker Rule for Nine Years: Now It's to Be Gutted by Federal Regulators

By Pam and Russ Martens
Wall Street on Parade
Tuesday, August 20, 2019