Daily Dispatches

Michael Kosares: The big bailout of 2008

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7:09p ET Monday, October 6, 2008

Dear Friend of GATA and Gold:

Michael Kosares, proprietor of Centennial Precious Metals in Denver and host of its Internet site's invaluable bulletin board, the USAGold Forum, counts the chickens coming home to roost in the international financial system. His analysis is headlined "The Big Bailout of 2008" and you can find it at USAGold here:

Ted Butler: An exceptional opportunity

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6:21p ET Monday, October 6, 2008

Dear Friend of GATA and Gold:

Silver market analyst Ted Butler writes tonight in "An Exceptional Opportunity":

"We are currently positioned the best I have ever witnessed for risk and reward in silver. The downside looks extremely limited and the upside looks explosive. Yes, volatility is great, but everything is lined up perfectly."

Grandich Letter migrates to Agoracom

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'Paper Newsletter' Migrates Online

Subscription Base Key

By Grant Surridge
Financial Post / National Post, Toronto
Monday, October 06, 2008

http://www.financialpost.com/story.html?id=862395

It has scrambled the business model for print publications of all kinds, so it's hardly a surprise that the Internet is changing the game for investing newsletters too.

Another henhouse, another fox

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Paulson Picks Interim Head for Rescue Effort

By Martin Crutsinger
Associated Press
via Yahoo News
Monday, October 6, 2008

http://news.yahoo.com/s/ap/20081006/ap_on_bi_ge/meltdown_kashkari;_ylt=A...

WASHINGTON -- The administration has selected a former Goldman Sachs executive to be the interim head of its $700 billion rescue effort for financial institutions.

It's not just the government and banks but the people too

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3:38a ET Monday, October 6, 2008

Dear Friend of GATA and Gold:

NBC Television's "Saturday Night Live" program satirized the other night not only the U.S. government's response to the collapse of the banking system but also one of its causes, the venality of much of the citizenry. You can watch it here:

http://www.nbc.com/Saturday_Night_Live/video/clips/c-span-bailout/727521...

Lending to companies, states may be Fed's next crisis

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By Scott Lanman and John Brinsley
Bloomberg News
Monday, October 6, 2008

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

WASHINGTON -- Federal Reserve Chairman Ben S. Bernanke may find the next fronts of the financial crisis to be just as chilling as last month's downfall of Wall Street titans: its spread to corporate America and state and local governments.

British govt. would take shares in bailed-out banks

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By Robert Winnett
The Telegraph, London
Monday, October 6, 2008

http://www.telegraph.co.uk/finance/financetopics/financialcrisis/3141185...

Fed under pressure to do more on credit crunch

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By James Politi and Krishna Guha
Financial Times, London
Sunday, October 5, 2008

http://www.ft.com/cms/s/0/fd884db2-9311-11dd-98b5-0000779fd18c.html

WASHINGTON -- The Federal Reserve and US Treasury were on Sunday night under increasing pressure to follow passage of the $700 billion financial rescue plan with further measures to shock the ailing credit markets back to life.

Germany guarantees bank accounts; worldwide rate cuts anticipated

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Europeans Scramble to Save Failing Banks

By Matt Moore
Associated Press
via Yahoo News
Sunday, October 5, 2008

http://news.yahoo.com/s/ap/20081005/ap_on_re_eu/eu_europe_meltdown;_ylt=...

Judy Shelton: Loose money and the roots of the crisis

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No One Can Believe in the Omniscience of Central Bankers Anymore

By Judy Shelton
The Wall Street Journal
Tuesday, September 30, 2008

http://online.wsj.com/article/SB122273029076687929.html

This is the way the world ends
This is the way the world ends
This is the way the world ends
Not with a bang but a whimper.

-- T.S. Eliot
"The Hollow Men" (1925)

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