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Daily Dispatches
Rick Rule draws three profound lessons from the Cyprus debacle
Submitted by cpowell on Wed, 2013-03-27 22:21 Section: Daily Dispatches10:17p ET Wednesday, March 27, 2013
Dear Friend of GATA and Gold:
Interviewed today by King World News, Sprott Asset Management's Rick Rule draws three profound lessons from the debacle in Cyprus:
"1) That ultimately, given the leveraged nature of the system, deposit insurance is just another social promise that won't be able to be kept.
Ambrose Evans-Pritchard: Cyprus has killed the myth that EMU is benign
Submitted by cpowell on Wed, 2013-03-27 21:57 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Wednesday, March 27, 2013
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/995799...
The gold price isn't irrelevant but financial journalism is
Submitted by cpowell on Wed, 2013-03-27 16:57 Section: Daily Dispatches5:16p ET Wednesday, March 27, 2013
Dear Friend of GATA and Gold:
In pursuit of democracy, limited and accountable government, and free and transparent markets, GATA is up against central banks, the most powerful institutions on the planet. But they are not so much the problem, as their power is based largely on surreptitiousness and it will crumble when it is exposed.
Russia, South Africa seek to create OPEC-style platinum bloc
Submitted by cpowell on Wed, 2013-03-27 14:46 Section: Daily DispatchesBy Ilya Arkhipov and Franz Wild
Bloomberg News
Wednesday, March 27, 2013
http://www.bloomberg.com/news/2013-03-26/russia-south-africa-seek-to-cre...
Russia and South Africa, countries that hold about 80 percent of platinum group metal reserves, plan to set up an OPEC-type trading bloc to coordinate exports.
Cyprus being used to scare savers into spending, Sinclair says
Submitted by cpowell on Wed, 2013-03-27 14:38 Section: Daily Dispatches2:35p ET Wednesday, March 27, 2013
Dear Friend of GATA and Gold:
European regulators to charge banks over derivatives
Submitted by cpowell on Wed, 2013-03-27 08:49 Section: Daily DispatchesBy Vanessa Mock, Matthew Dalton, and Katy Burne
The Wall Street Journal
Wednesday, March 27, 2013
http://online.wsj.com/article/SB1000142412788732478950457838438246480314...
Ted Butler: The good, bad, and ugly
Submitted by cpowell on Mon, 2013-03-25 23:11 Section: Daily Dispatches11:11a HKT Tuesday, March 26, 2013
Dear Friend of GATA and Gold:
In an excerpt from his latest newsletter, silver market analyst Ted Butler seems to accept that the U.S. government, its Commodity Futures Trading Commission, and the government's primary agent in the markets, JPMorganChase & Co., are hopelessly corrupt and working against the monetary metals.
BRICS nations plan new bank to bypass World Bank, IMF
Submitted by cpowell on Mon, 2013-03-25 22:16 Section: Daily DispatchesBy Mike Cohen and Ilya Arkhipov
Bloomberg News
Monday, March 25, 2013
http://www.bloomberg.com/news/2013-03-25/brics-nations-plan-new-bank-to-...
The biggest emerging markets are uniting to tackle under-development and currency volatility with plans to set up institutions that encroach on the roles of the World Bank and International Monetary Fund.
Still not sentenced, Liberty Dollar founder moves for acquittal or retrial
Submitted by cpowell on Mon, 2013-03-25 21:45 Section: Daily Dispatches9:37a HKT Tuesday, March 26, 2013
Dear Friend of GATA and Gold:
Through his lawyer, Noell P. Tin of Charlotte, North Carolina, Liberty Dollar founder Bernard von NotHaus, convicted of counterfeiting two years ago in federal court in North Carolina but still not sentenced, has filed a motion for acquittal or retrial. The motion's preface puts the situation well:
'Too big to fail' suddenly becomes 'too crooked to save'
Submitted by cpowell on Mon, 2013-03-25 21:32 Section: Daily DispatchesBloomberg: Saving Cyprus Means Nobody Safe as Europe Breaks More Taboos
... Europe's crisis fighters are spreading the net wider as taxpayers across northern Europe balk at the cost of rescuing their cash-strapped neighbors. That shows there may be few taboos left, said Charles Goodhart, emeritus professor at the London School of Economics.
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