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Jim Rickards: The great reset is here
7:30p ET Wednesday, February 24, 2021
Dear Friend of GATA and Gold:
In his new essay this week, "The Great Reset Is Here," economist and author Jim Rickards describes it this way:
-- Massive amounts of Special Drawing Rights are being issued to the members of the International Monetary Fund to create a world reserve currency alternative to the U.S. dollar.
... Dispatch continues below ...
Prime Mining Named to
TSX Venture Exchange Venture 50
Wednesday, February 24, 2021
VANCOUVER, British Columbia, Canada -- Prime Mining Corp. (TSX-V: PRYM, OTCQB: PRMNF, Frankfurt: A2PRDW) announces that it has been named to the 2021 TSX Venture 50, an annual ranking of top-performing listed companies from five industry sectors including mining, oil and gas, clean technology and life sciences, diversified industries, and technology.
The 2021 Venture 50 top performers were selected based on year-over-year performance across three equally weighted criteria: market capitalization growth, share price appreciation, and trading volume for the year ended December 31, 2020.
“We are extremely honored to be recognized and selected by the TSX Venture Exchange within the top 10 of mining companies,” said Daniel Kunz, CEO of Prime Mining.
"The past year has seen Prime Mining evolve on many fronts, including the advancement of our high-grade gold and silver deposit in Sinaloa, Mexico, and the addition of a strong, experienced management and technical team and strategic shareholders Trinity Partners and Pierre Lassonde." ...
... For the remainder of the announcement:
-- Central banks are preparing to issue digital currencies to eliminate cash and to impose negative interest rates. This will enable governments to control how people spend their money and indeed to make them spend their money.
Rickards concludes: "The only solution is to use a non-digital, non-bank store of wealth that cannot be traced or manipulated. Given the planned dollar devaluation, it's one more reason to own physical gold and silver."
Couldn't governments that go this far also try to confiscate or outlaw the monetary metals? GATA's correspondence with the U.S. Treasury Department on this point in 2005 may be of interest:
To summarize it, the Treasury Department said that while it seemed unlikely, the U.S. government claims the power, upon proclamation of an emergency by the president, to seize or freeze any damned thing it pleases.
So you might want to arrange some storage of monetary metals in jurisdictions not quite as hostile to individual liberty as the United States is threatening to become.
In any case, Rickards' analysis is essential reading, is headlined "The Great Reset Is Here," and is posted at the Daily Reckoning here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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