Published on Gold Anti-Trust Action Committee (http://www.gata.org)

Bloomberg News won't disrupt Fed with critical questions and fears Shelton would

By cpowell
Created 2020-07-21 15:26

Herewith a news organization that has never put a critical question to the Federal Reserve Board, nor, for that matter, to the U.S. Commodity Futures Trading Commission, opposes a Fed nominee because of the risk that she would do what journalism has failed to do.

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The Fed Doesn't Need This Kind of Disruption

An Editorial, Bloomberg News
Tuesday, July 21, 2020

Amid the chaos of the Trump administration, the U.S. Federal Reserve has stood out as an island of professionalism. Its policies aren't always beyond reproach, but it responded quickly and competently to the shock delivered by the coronavirus pandemic and has remained focused on its mandate of promoting employment and stable prices.

If the Senate Banking Committee wants to keep it that way, it should think twice before confirming Judy Shelton's nomination to the Fed's Board of Governors.

... Dispatch continues below ...


Asante Gold Announces Kubi 3D Model
Extends Gold Mineralizing System

Company Announcement via Globe Newswire
Thursday, July 2, 2020

VANCOUVER, British Columbia, Canada -- Asante Gold Corp. (CSE:ASE / Frankfurt:1A9 / U.S.OTC: ASGOF) has received the results of 3D magnetic modeling completed over its Kubi mining lease in the Ashanti Gold Belt in Ghana.

The results show that the Kubi Main Zone gold resource is intimately associated with and interfingers the western sheared contact of a magnetic high feature that plunges to more than 2 kilometers in depth. Here is the 3D model video:

http://www.asantegold.com/assets/Video/SEMSpitMagSmthCore.mp4 [1]

In Ghana, Africa's largest gold producer, many big mines are located along northeast-trending regional shear systems that exceed 250 kilometers in length. Studies indicate that the hydrothermal gold mineralizing system that generated the Ashanti Gold Belt deposits was "gigantic and extended to at least 10 to 15 kilometers in depth" (Schmidt Mumm et al., 1996). The Ashanti shear zone hosts the largest single gold resource in Ghana, the 66-million-ounce Obuasi mine. This major shear zone cuts Kubi 15 kilometers southwest of Obuasi. ...

... For the remainder of the announcement:

https://www.globenewswire.com/news-release/2020/07/02/2056982/0/en/Asant... [2]

The administration has made some commendable appointments to the Fed. They include Chairman Jerome Powell and Vice Chairman Richard Clarida, both of whom have capably led the central bank through difficult times. There's every reason to believe that Trump's nominee to fill another vacant board seat -- Christopher Waller, head of research at the St. Louis Fed -- would also make a valuable contribution.

Shelton, however, is a different case. She presents herself as a disrupter, but it's hard to know what kind of disruption she would pursue if confirmed. She was long an ardent supporter of a return to the gold standard, a defunct system that entailed making the dollar convertible into a stable amount of the precious metal. More recently, before the pandemic hit and as her nomination was in train, she did an about-face, aligning herself with Trump's demands for the Fed to stimulate growth by lowering interest rates.

Either way, Shelton is unlikely to be a reliably stabilizing force at a time when stability is needed most. ...

... For the remainder of the commentary:

https://www.bloomberg.com/opinion/articles/2020-07-21/judy-shelton-nomin... [3]

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Toast to a free gold market
with great GATA-label wine

Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.

Here's what the bottles look like:

http://www.gata.org/files/GATA-4-wine-bottles.jpg [4]

Buyers can compose their case by choosing as many as four varietals from the list here:

http://www.gata.org/files/FayJWineryVarietals.jpg [5]

GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?

To order a case of GATA-label wine, please e-mail Fay J Winery at bagman1236@aol.com [6].

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Support GATA by purchasing
Stuart Englert's "Rigged"

"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --

https://www.amazon.com/Rigged-Exposing-Largest-Financial-History/dp/1651... [7]

-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net [8].

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