Daily Dispatches

Liam Halligan: End the grotesque bailouts and face reality

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By Liam Halligan
The Telegraph, London
Saturday, June 20, 2009

http://www.telegraph.co.uk/finance/comment/liamhalligan/5587809/Its-time...

'Adjustments' needed in dollar's value, IMF economist says

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By Tamora Vidaillet
Reuters
via Forbes.com
Monday, June 22, 2009

http://www.forbes.com/feeds/afx/2009/06/22/afx6569595.html

PARIS -- An increase in exports is needed for a sustained recovery in the United States and this may require an adjustment in the value of the U.S. dollar, IMF chief economist Olivier Blanchard said on Monday.

Gary North: Pushing on a string

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10:17a ET Sunday, June 21, 2009

Dear Friend of GATA and Gold:

Edmund Conway: Is this the death of the dollar?

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By Edmund Conway
The Telegraph, London
Saturday, June 20, 2009

http://www.telegraph.co.uk/finance/economics/5586543/Is-this-the-death-o...

After two smugglers were stopped last week with what at first appeared to be $134 billion in US state bonds, the tension and paranoia surrounding the fate of the dollar hit a new high.

2 killed, others rescued in S. Africa mine shaft collapse

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By James Macharia
Reuters
Sunday, June 21, 2009

http://www.reuters.com/article/rbssPreciousMetalsMinerals/idUSLL36390920...

JOHANNESBURG -- Gold Fields, the world's fourth-biggest gold producer, said on Sunday two workers were killed after a tunnel in an underground shaft caved in, trapping five miners.

Mining group Xstrata plots merger with Anglo American

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By Mark Kleinman and Louise Armitstead
The Sunday Telegraph, London
Sunday, June 21, 2009

http://www.telegraph.co.uk/finance/newsbysector/industry/5589081/Mining-...

U.S. says smuggled Treasury bonds were fake

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Italian Mafia Blamed for $134 Billion in Fake Treasury Bills

From the Financial Times, London
Thursday, June 18, 2009

http://www.ft.com/cms/s/0/82091ec2-5c2f-11de-aea3-00144feabdc0.html?ncli...

One summer afternoon, two "Japanese" men in their 50s on a slow train from Italy to Switzerland said they had nothing to declare at the frontier point of Chiasso.

World Gold Council expects no impact from IMF sales

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World Gold Council Welcomes Clarity
with Regards to IMF Gold Sales

Press Release via Business Wire
Friday, June 19, 2009

http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_v...

And the South African Reserve Bank supports gold price suppression

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About 10 Workers Trapped in South African Gold Mine

By James Macharia
Reuters
Saturday, June 20, 2009

http://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSLK...

William Pesek: Suitcase with $134 billion puts dollar on edge

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By William Pesek
Bloomberg News
Wednesday, June 17, 2009

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a62_boqkurbI

Two Japanese men are detained in Italy after allegedly attempting to take $134 billion worth of U.S. bonds over the border into Switzerland. Details are maddeningly sketchy, so naturally the global rumor mill is kicking into high gear.

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