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IMF bailout of Ukraine is actually rescue of Western investment houses and Russian banks
7:50a HKT Friday, March 28, 2014
Dear Friend of GATA and Gold:
A summary of some important news will have to suffice for this travel day.
The London Telegraph's Ambrose Evans-Pritchard notes that the International Monetary Fund's bailout for Ukraine is actually a rescue of Western investment houses and Russian banks:
http://www.telegraph.co.uk/finance/financialcrisis/10728149/Windfall-for...
Reuters reports that an attempt to revive the silver market-rigging lawsuit against JPMorganChase has been rejected by a federal appeals court:
http://www.reuters.com/article/2014/03/27/jpmorgan-silver-lawsuit-idUSL1...
Agence France-Presse reports that Russia is contemplating starting its own credit-card charge clearing system to reduce the effects of Western sanctions:
http://news.yahoo.com/russia-create-own-national-payment-system-ptuin-sa...
And according to the Financial Times, there's a bit of a gold rush in Japan as buyers hasten to beat a sales tax increase:
http://www.ft.com/intl/cms/s/0/59aad556-b58f-11e3-81cb-00144feabdc0.html...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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