Daily Dispatches

Treasuries inflation gauge exceeds 2% for first time since 2018

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By Elizabeth Stanton and Benjamin Purvis
Bloomberg News
Monday, January 4, 2020

Traders see U.S. inflation averaging at least 2% per year over the coming decade, the first time expectations have climbed that high since 2018.

Metals are flying, the dollar is falling, and just hours remain on The Calandra Report special discount offer

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Please consider helping GATA this way.

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9:39p ET Sunday, January 3, 2021

Dear Friend of GATA and Gold:

Venezuela's Maduro plans shift to fully digitalized economy

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Just what the totalitarian surveillance state dreams about.

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By Nicolle Yapur
Bloomberg News
Saturday, January 2, 2020

Venezuela's government is planning to move to a fully digital economy as hyperinflation has made worthless bolivar notes practically disappear, and dollarization expands through the local financial system.

WSJ's Aaron Back: King Dollar is abdicating and that's OK

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By Aaron Back
The Wall Street Journal
Wednesday, December 30, 2020

There are many reasons to expect a weaker U.S. dollar next year and perhaps for longer, but none more important than the new policy stance of the Federal Reserve.

Biden's Treasury nominee Yellen discloses paid speaking gigs for financial firms

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From Reuters
Thursday, December 31, 2020

President-elect Joe Biden's pick for Treasury secretary, Janet Yellen, earned at least $7 million from speaking engagements over the past two years, according to disclosures posted today.

Dollar's growing dominance in Venezuela leaves locals 'short-changed'

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By Sarah Kinosian and Mayela Armas
Reuters
Thursday, December 31, 2020

CARACAS, Venezuela -- With her arms full of $11.87 worth of bananas, red peppers and onions, an elderly woman at a produce stand in western Caracas approaches vendor Walquiria Garcia and offers to pay with a $10 or $20 bill.

China state banks buy dollars to ease sharp rally in yuan, traders say

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Everybody is rigging the currency markets, and while some of it can be reported, nothing about gold market rigging can be.

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From Reuters
Thursday, December 31, 2020

Gold heads for best year in a decade with dollar on the ropes

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From Bloomberg News
Wednesday, December 30, 2020

Gold is poised to cap the biggest annual advance in a decade after a tumultuous year, with gains this month aided by the dollar's decline to the lowest level since April 2018. Silver has surged almost 50% in 2020.

Alasdair Macleod: Monetary and economic outlook for 2021

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By Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Wednesday, December 30, 2020

The most important event in the new year is likely to be the Fed losing its iron grip on markets. The dollar's declining trend is already well established against other currencies and commodities, leading to this outcome.

Tyler Cowen: Cryptocurrency is not necessarily the future

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By Tyler Cowen
Bloomberg News
Tuesday, December 29, 2020

As Bitcoin soared to above $28,000 over the weekend, talk resumed about the promising and dramatic future of cryptocurrency. The chief global strategist of Morgan Stanley Investment Management even suggested that Bitcoin could replace the dollar as a global reserve currency.

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