Daily Dispatches

Inflation explodes in manufacturers' prices -- but not gold and silver


Spectre of Inflation Over Global Economy

By Francesco Guerrera, Krishna Guha, and Javier Blas
Financial Times, London
Tuesday, June 24, 2008


China agrees to 96% jump in iron prices -- as gold falls


By Javier Blas and Rebecca Bream
Financial Times, London
Monday, June 23, 2008


Global inflation fears deepened as Chinese steelmakers agreed to a record increase in annual iron ore prices in a move likely to boost the cost of cars, machinery, and other products.

Asian Clearing Union to give euro equality with dollar


By Siddique Islam
All Headline News, Palm Beach, Florida
Sunday, June 22, 2008


DHAKA, Bangladesh -- Central bank chiefs of the Asian Clearing Union (ACU) have agreed to introduce the euro alongside the U.S. dollar for settlement of payments among the member countries beginning January 2009.

Treasury Department has at least contemplated gold swaps


7p ET Saturday, June 20, 2008

Dear Friend of GATA and Gold:

An oily deception about the dollar


By Chris Powell
Journal Inquirer, Manchester, Connecticut
Saturday, June 20, 2008


U.S. government sued over seizure of Liberty Dollars


By Joseph Goldstein
New York Sun
Friday, June 20, 2008


The federal government's attempt to stop a group of gold-standard activists from minting an alternative to the greenback is about to face its first legal test.

Bear bailout shows Fed doesn't follow normal rules for its own books


By Jonathan Weil
Bloomberg News Service
Wednesday, June 18, 2008


The Federal Reserve is just days away from completing the financing for its bailout of Bear Stearns Cos., after which the central bank will have another big decision to make: how to account for it.

Loss of credibility by Fed, ECB will spark crash, bank's analyst warns


RBS Issues Global Stock and Credit Crash Alert

By Ambrose Evans-Pritchard
The Telegraph, London
Wednesday, June 17, 2008


Henry C.K. Liu: The Fed and the strong-dollar policy


11:19p MT Tuesday, June 17, 2008

Dear Friend of GATA and Gold:

Bank of England copies 'inflation will be temporary' pose


Bank of England Signals that Rates Will Be at 5% for Some Time

By Edmund Conway
The Telegraph, London
Wednesday, June 18, 2008


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