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Former Fed staffers urge Senate to reject Shelton nomination

Section: Daily Dispatches

If Shelton is such a threat to the financial establishment, this may be the strongest reason yet for the Senate to confirm her.

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By Jonnelle Marte
Reuters
Thursday, August 20, 2020

A group of former Federal Reserve staffers, including economists, lawyers and bank presidents, sent a letter to U.S. senators Thursday asking them to reject the nomination of Judy Shelton, one of President Donald Trump's picks for the Federal Reserve Board.

The Fed alumni said Shelton, who has advocated for a return to the gold standard and questioned the need for the central bank, has "a decades-long record of writings and statements that call into question her fitness for a spot on the Fed's Board of Governors."

... Dispatch continues below ...


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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

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...



The letter, which is still open for signatures, was signed by 44 former Fed staffers. The list included former vice chairman Alan Blinder and at least three previous Fed bank presidents, including Richard Fisher, former president of the Dallas Fed.

"The Fed has serious work ahead of it," the former Fed staffers wrote. While we applaud the Board having a diversity of viewpoints represented at its table, Ms. Shelton's views are so extreme and ill-considered as to be an unnecessary distraction from the tasks at hand."

... For the remainder of the report:

https://www.reuters.com/article/us-usa-fed-shelton/former-fed-staffers-u...

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

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