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Daily Dispatches
Governments will wreck their currencies to save banking system
Submitted by cpowell on Sun, 2008-01-06 13:56 Section: Daily DispatchesPayback Time:
Banks Have Battle Ahead
to Restore Financial Standing
By Peter Thal Larsen
Financial Times, London
Sunday, January 6, 2008
http://www.ft.com/cms/s/0/6185d5c6-bc69-11dc-bcf9-0000779fd2ac.html?ncli...
Deepcaster letter grasps the market-manipulating purpose of derivatives
Submitted by cpowell on Sun, 2008-01-06 01:50 Section: Daily Dispatches1:45a ET Sunday, January 6, 2008
Dear Friend of GATA and Gold:
The latest Deepcaster letter, posted today at GoldSeek, pursues what your secretary/treasurer always has considered a dead end: the complaint that the Federal Reserve is a private bank outside the U.S. government.
'A Nation of Counterfeiters' hints that everything old is new again
Submitted by cpowell on Sun, 2008-01-06 01:27 Section: Daily DispatchesBook Review: The Deluge Before the Dollar
By Stephen Kotkin
The New York Times
Sunday, January 6, 2008
http://www.nytimes.com/2008/01/06/business/06shelf.html?_r=1&oref=slogin
In "A Nation of Counterfeiters" (Harvard University Press, $29.95), Stephen Mihm takes us back to the screwball days between the American Revolution and the Civil War, when the dollar did not exist.
David Bond: Doubling the silver bet
Submitted by cpowell on Sun, 2008-01-06 01:17 Section: Daily Dispatches1:15a ET Sunday, January 6, 2008
Dear Friend of GATA and Gold:
David Bond of the Wallace Street Journal has written a wonderful overview of the old and new Silver Valley in Idaho, which is gearing up again with the once and future money. Bond's essay is headlined "Doubling the Silver Bet" and you can find it at GoldSeek's companion site, SilverSeek, here:
Ambrose Evans-Pritchard: Flight to gold as investors lose faith in money
Submitted by cpowell on Sun, 2008-01-06 01:03 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Sunday, January 6, 2008
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/01/06/ccgold...
The last time gold touched $850 an ounce, the world was visibly spiralling out of control.
President gathers market regulators/riggers for first time
Submitted by cpowell on Fri, 2008-01-04 21:33 Section: Daily DispatchesBush Says Markets
Are 'Strong and Solid'
By Deb Riechmann
Associated Press
via Google News
Friday, January 4, 2008
http://ap.google.com/article/ALeqM5heWSF9tlVbX2wAVCi7sLAxTfo2hAD8TVB8KG3
WASHINGTON -- President Bush said Friday that while there is some uncertainty about slowing economic growth, the nation's "financial markets are strong and solid."
Fed increases money available at auction to aid banks
Submitted by cpowell on Fri, 2008-01-04 19:11 Section: Daily DispatchesBy Martin Crutsinger
Associated Press
via Yahoo News
Friday, January 4, 2008
http://news.yahoo.com/s/ap/20080104/ap_on_bi_ge/fed_credit_crisis;_ylt=A...
Goldman and Morgan expect half-point rate cut this month
Submitted by cpowell on Fri, 2008-01-04 19:00 Section: Daily DispatchesBy Tamawa Kadoya and Pedro Nicolaci da Costa
Reuters
Friday, January 4, 2008
http://www.reuters.com/article/bondsNews/idUSN0431922520080104
NEW YORK -- A sputtering job market has convinced economists at key U.S. investment banks that the Federal Reserve will need to resort to a steeper half-percentage point interest rate cut when it meets later this month.
A reference to gold price manipulation creeps into U.S. press
Submitted by cpowell on Fri, 2008-01-04 16:36 Section: Daily Dispatches4:30p ET Friday, January 4, 2008
Dear Friend of GATA and Gold:
You may recall from a recent dispatch that GoldMoney founder James Turk's recent essay enumerating the reasons to invest in gold, citing GATA's work exposing central bank intervention against the precious metal, was published this week by The Peninsula in Qatar:
Financial Times notes rising demand, falling production for gold
Submitted by cpowell on Fri, 2008-01-04 12:54 Section: Daily Dispatches12:50p ET Friday, January 4, 2008
Dear Friend of GATA and Gold: