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Daily Dispatches
Trillion-dollar-coin idea is back as wacky way to prevent financial disaster
Submitted by admin on Sat, 2021-09-25 20:04 Section: Daily DispatchesBy Chris Isidore
CNN, New York
Saturday, September 25, 2021
NEW YORK -- If it's debt ceiling crisis season, then it's also time for the craziest solution to the problem: Getting President Joe Biden to issue a $1 trillion coin.
The idea, which has been around for about a decade, is that the president can issue a $1 trillion "commemorative" coin, deposit it with the Federal Reserve, and allow the government to keep paying its bills.
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Roman emperors' gold money holds value even as their sovereignty is long gone
Submitted by admin on Fri, 2021-09-24 12:11 Section: Daily DispatchesHoard of Roman Gold Coins Recovered from Spanish Seabed
From Heritage Daily, Luton, England
Thursday, September 23, 2021
Archaeologists from the University of Alicante and the Spanish Civil Guard Special Underwater Brigade, in collaboration with the Town Council of Xàbia, have recovered a hoard of 53 gold coins from the 4th and 5th century AD.
The horde was identified after two amateur free divers discovered eight coins in the bay of Portitxol in Xàbia.
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Wealthy Germans rush assets to Switzerland ahead of election
Submitted by admin on Fri, 2021-09-24 11:44 Section: Daily DispatchesBy Oliver Hirt
Reuters
Friday, September 24, 2021
ZURICH -- A potential lurch to the left in Germany's election on Sunday is scaring millionaires into moving assets into Switzerland, bankers and tax lawyers say.
If the centre-left Social Democrats, hard-left Linke, and environmentalist Greens come to power, the reintroduction of a wealth tax and a tightening of inheritance tax could be on the political agenda.
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Pam and Russ Martens: Woman who helped expose Wall Street mega-banks nominated as a top regulator
Submitted by admin on Fri, 2021-09-24 11:12 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Friday, September 24, 2021
Yesterday President Biden took the bold step of nominating Saule Omarova to head the Office of the Comptroller of the Currency, a top federal bank regulator. Omarova is a law professor at Cornell University and has written extensively on systemic risk containment.
New Orleans is back to normal so join GATA there next month
Submitted by admin on Fri, 2021-09-24 11:08 Section: Daily DispatchesBy Brien Lundin
Editor, Gold Newsletter
CEO, the New Orleans Investment Conference
Friday, September 24, 2021
With this year's New Orleans Investment Conference just around the corner -- Tuesday through Friday, October 19-22 -- the timing couldn't be better for a metals rally.
If you're a serious investor, you need to attend this blockbuster, in-person event.
Matthew Piepenburg: Why is gold not rising?
Submitted by admin on Fri, 2021-09-24 11:00 Section: Daily DispatchesBy Matthew Piepenburg
Matterhorn Asset Management, Zurich
Friday, September 24, 2021
Many are asking why gold is not rising, as just about every other commodity makes new highs in the backdrop of inflationary tailwinds.
That's a very fair question.
Some are even saying gold is dead, a silly and "barbarous" old relic of ancient times, ancient math, and ancient common sense.
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China smashes cryptos as governments strive to control digital currencies
Submitted by admin on Fri, 2021-09-24 10:42 Section: Daily Dispatches10:41a ET Friday, September 24, 2021
Dear Friend of GATA and Gold:
With China proclaiming all cryptocurrency business illegal and the leading cryptos plunging in price as a result --
https://www.cnbc.com/2021/09/24/bitcoin-ethereum-sink-as-china-intensifies-crypto-crackdown.html
JPMorgan agrees to pay $15.7 million to settle spoofing lawsuit
Submitted by admin on Thu, 2021-09-23 19:32 Section: Daily DispatchesBy Chris Prentice and Jonathan Stempel
Reuters
Thursday, September 23, 2021
WASHINGTON -- JPMorgan Chase & Co. agreed to pay $15.7 million in cash to settle a class-action lawsuit by investors who accused the largest U.S. bank of intentionally manipulating prices of U.S. Treasury futures and options.
The settlement disclosed late Wednesday night stemmed from sprawling U.S. government investigations into illegal trading in futures and precious metals markets, known as spoofing.
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Fed changed nothing but gold was smashed anyway -- Any questions?
Submitted by admin on Thu, 2021-09-23 14:00 Section: Daily Dispatches2p ET Thursday, September 23, 2021
Dear Friend of GATA and Gold:
The U.S. dollar index, our friend Dave Kranzler of Investment Research Dynamics writes today, "is back to where it was right before Federal Reserve Chairman Jerome Powell's press conference yesterday. When Powell said 'maybe in November we'll have a taper schedule,' the dollar shot up and paper gold was slammed. With the dollar back down to its pre-presser level today, gold is still down $36."
Alasdair Macleod: The great game moves on
Submitted by admin on Thu, 2021-09-23 13:13 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, September 23, 2021
Following America's withdrawal from Afghanistan, her focus has switched to the Pacific with the establishment of a joint Australian and UK naval partnership.
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