Daily Dispatches

Saudis may start buying real stuff in a big way instead of Treasuries

Submitted by cpowell on Fri, 2007-12-21 16:30 Section: Daily Dispatches

Saudis Plan Huge Sovereign Wealth Fund

By Henny Sender, David Wighton, and Sundeep Tucker
Financial Times, London
Friday, December 21, 2007

http://www.ft.com/cms/s/0/412752ae-afa4-11dc-b874-0000779fd2ac.html?ncli...

Saudi Arabia plans to establish a sovereign wealth fund that is expected to dwarf Abu Dhabi's $900 billion and become the largest in the world.

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China seen switching out of copper and into gold and platinum

Submitted by cpowell on Fri, 2007-12-21 16:20 Section: Daily Dispatches

By Matt Whittaker
Associated Press
via Yahoo News
Friday, December 21, 2007

http://biz.yahoo.com/ap/071221/china_gold_platinum.html?.v=1

NEW YORK -- China, the 800-pound gorilla of copper buying, is turning instead to gold and platinum as the price of the red metal continues to sink and it sees precious metals as good investments against currency concerns, market watchers say.

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Fed promises infinite money as long as banks want it

Submitted by cpowell on Fri, 2007-12-21 14:39 Section: Daily Dispatches

Fed to Offer Special Auctions 'As Long As Necessary'

By Liz Capo McCormick
Bloomberg News Service
Friday, December 21, 2007

http://www.bloomberg.com/apps/news?pid=20601087&sid=a0jFvw9NueL4&refer=home

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Liberty Dollar reopens to raise defense funds

Submitted by cpowell on Fri, 2007-12-21 00:38 Section: Daily Dispatches

Business Booming After Raid

By Gavin Lesnick
Evansville Courier & Press (Evansville, Indiana)
Monday, December 17, 2007

http://www.courierpress.com/news/2007/dec/17/businessboomingafter-raid/

The Evansville-based headquarters of a company that produces the Liberty Dollar is open again with a new name and a new product.

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Paul advances from asterisk to spoiler. Next, the nominee -- then president!

Submitted by cpowell on Thu, 2007-12-20 21:44 Section: Daily Dispatches

Paul Shaping Up as Spoiler in GOP Race

By David Espo
Associated Press
via Yahoo News
Thursday, December 20, 2007

http://news.yahoo.com/s/ap/20071220/ap_on_el_pr/anti_war_asterisk

CONCORD, New Hampshire -- It wasn't long ago that Rep. Ron Paul was an anti-war asterisk in the race for the Republican presidential nomination. Then his campaign raised a record $6 million in a single day.

Read more about Paul advances from asterisk to spoiler. Next, the nominee -- then president!

Credit crisis hits top U.S. bond insurer

Submitted by cpowell on Thu, 2007-12-20 21:32 Section: Daily Dispatches

By Stephen Bernard
Associated Press
via Yahoo News
Thursday, December 20, 2007

http://news.yahoo.com/s/ap/20071220/ap_on_bi_ge/mbia;_ylt=AnN0d6JD2Gy9gQ...

Read more about Credit crisis hits top U.S. bond insurer

Al-Jazeera's 'People & Power' airs 'Death of the Dollar, Part 2'

Submitted by cpowell on Wed, 2007-12-19 21:28 Section: Daily Dispatches

9:20p ET Wednesday, December 19, 2007

Dear Friend of GATA and Gold:

Journalism's wacky provocateur Max Keiser is back doing economics at Al-Jazeera's "People & Power" program and again is getting far closer to the big financial story of our times than is, say, The New York Times.