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New York Sun: Bernie Sanders stumbles upon the monetary question

Section: Daily Dispatches

From The New York Sun
Saturday, December 5, 2020

Is it possible the Democrats could find their way to honest money? Feature the Twitter posting the other day with Sen. Bernie Sanders talking about the plight of -- to use his Marxist lingo -- the working class.

"Growing income and wealth inequality and the decline of the working class in our country is not a new phenomenon attributable to the pandemic," he says. The number of years he traces back the phenomenon is 47.

... Dispatch continues below ...


Asante Gold Announces Kubi 3D Model
Extends Gold Mineralizing System

Company Announcement via Globe Newswire
Thursday, July 2, 2020

VANCOUVER, British Columbia, Canada -- Asante Gold Corp. (CSE:ASE / Frankfurt:1A9 / U.S.OTC: ASGOF) has received the results of 3D magnetic modeling completed over its Kubi mining lease in the Ashanti Gold Belt in Ghana.

The results show that the Kubi Main Zone gold resource is intimately associated with and interfingers the western sheared contact of a magnetic high feature that plunges to more than 2 kilometers in depth. Here is the 3D model video:

In Ghana, Africa's largest gold producer, many big mines are located along northeast-trending regional shear systems that exceed 250 kilometers in length. Studies indicate that the hydrothermal gold mineralizing system that generated the Ashanti Gold Belt deposits was "gigantic and extended to at least 10 to 15 kilometers in depth" (Schmidt Mumm et al., 1996). The Ashanti shear zone hosts the largest single gold resource in Ghana, the 66-million-ounce Obuasi mine. This major shear zone cuts Kubi 15 kilometers southwest of Obuasi. ...

... For the remainder of the announcement:

Remember that number. "Despite an explosion in technology and a huge increase in worker productivity," Sanders says, "the average American worker today is making $30 a week less than he or she did 47 years ago after adjusting for inflation." In other words, the senator adds, "while the costs of housing and child care and health care and prescription drugs are going up, wages have stagnated."

So what in Sam Hill happened 47 years ago?

That, it turns out, was 1973. That March, a State Department history records, the Group of 10 inked an arrangement wherein six European countries "tied their currencies together and jointly floated against the U.S. dollar." That "signaled the abandonment" of Bretton Woods, with its system of a fixed exchange rate at which America would redeem dollars in gold. ...

... For the remainder of the commentary:

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