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Daily Dispatches
Pam and Russ Martens: JPMorgan assisted another big Ponzi scheme while helping Madoff's
Submitted by admin on Tue, 2021-07-06 13:09 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Tuesday, July 7, 2021
After reading the documents released by the Justice Department in January 2014 in connection with JPMorgan Chase's settlement over its role in the Bernie Madoff Ponzi scheme, the Los Angeles Times asked this question: "Bernie Madoff: Was he part of the JPMorgan ring, or was JPMorgan part of his ring?"
Given the facts of the case, the question was more than fair.
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What happened to central banking forum's essay on currency market intervention?
Submitted by admin on Tue, 2021-07-06 12:58 Section: Daily Dispatches1p ET Tuesday, July 6, 2021
Dear Friend of GATA and Gold:
On Monday the Official Monetary and Financial Institutions Forum, which is based in London and describes itself as "an independent think tank for central banking, economic policy, and public investment, providing a neutral platform for public- and private-sector engagement worldwide," posted and publicized an essay about currency market intervention by central banks.
The publicity for the essay said:
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Commentary: Currency intervention can help counter Covid crisis
Russian finance ministry plans to buy $4 billion worth of gold, foreign currency in July
Submitted by admin on Mon, 2021-07-05 11:30 Section: Daily DispatchesBy Andrey Ostroukh
Reuters
via Nasdaq.com, New York
Monday, July 5, 2021
MOSCOW -- Russia's finance ministry said today it would buy 13.5 billion roubles ($184.25 million) worth of foreign currency a day between July 7 and Aug. 5, an increase in the amount of daily operations from the previous month.
The finance ministry said its regular foreign exchange and gold purchases on the market will total 296 billion roubles ($4.04 billion) over the next month. A Reuters survey of analysts predicted that FX buying would total 250 billion roubles.
Kitco responds to Journal de Montreal report about Quebec tax settlement
Submitted by admin on Sun, 2021-07-04 16:49 Section: Daily Dispatches5:04p ET Sunday, July 4, 2021
Dear Friend of GATA and Gold:
In response to the April 2018 report from the Journal de Montreal about Kitco Metals' settlement of its dispute with the Quebec tax agency, a report GATA dispatched to you a year ago --:
https://www.gata.org/node/20254
-- company President Bart Kitner asks GATA to call your attention to this statement:
Brien Lundin: The blockbuster return of the New Orleans conference
Submitted by admin on Sat, 2021-07-03 10:08 Section: Daily DispatchesBy Brien Lundin
Gold Newsletter
Thursday, July 1, 2021
You waited for it, and here it is: Registration has just opened for New Orleans 2021.
Mark my words: This is going to be the most spectacular investment gathering held anywhere, by anyone, in many years.
For one, it will be the first in-person event of its kind held post-Covid.
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Even gold-obsessed Indians are pouring into crypto
Submitted by admin on Fri, 2021-07-02 23:48 Section: Daily DispatchesBy Suvashree Ghosh and Ronojoy Mazumdar
Bloomberg News
via Yahoo News, Sunnyvale, California
Friday, July 2, 2021
The cryptocurrency aficionados' mantra that Bitcoin is equivalent to digital gold is winning converts among the world's biggest holders of the precious metal.
Ted Butler: Cheaters run the silver market
Submitted by admin on Fri, 2021-07-02 23:45 Section: Daily DispatchesBy Ted Butler
Friday, July 2, 2021
Silver is manipulated and suppressed in price and has been for decades because large traders on one side of the Comex -- traders labeled as "commercials" on the short side -- are cheaters.
Cheating is a deliberate attempt to evade the rules of the game to achieve an unfair advantage.
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USA Gold: Coins and Bullion Since 1973
The silver-backed Liberty Dollar is back
Submitted by admin on Fri, 2021-07-02 12:14 Section: Daily DispatchesCompany Announcement
via PR Newswire, Chicago
Thursday, July 1, 2021
CHARLESTON, South Carolina -- Are you concerned about the U.S. government's announcement that it has suspended minting of some silver coins because of the silver shortage?
This news was devastating for many who consider silver to be a safe hedge against inflation, but a new startup is ready to ease the shock.
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Alasdair Macleod: Banking faces seismic changes
Submitted by admin on Fri, 2021-07-02 12:06 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, July 1, 2021
The role of commercial banks in the global economy is changing, with lending to governments and their agencies now more important than lending to goods and services industries. It is a trend due to continue.
The new Basel 3 regulations seem set to encourage this trend, despite retail depositors being accorded a stable funding status. Central bank digital currencies are anticipated to augment and perhaps replace non-financial business credit over the next five to 10 years.
Venezuela to cut six zeroes off bolivar to simplify transactions
Submitted by admin on Fri, 2021-07-02 10:31 Section: Daily DispatchesBy Patricia Laya and Alex Vasquez
Bloomberg News
Thursday, July 1, 2021
Venezuela is preparing to once again lop off zeroes from the national currency in an attempt to simplify daily transactions which sometimes barely fit on a calculator or require swiping cards multiple times to complete a purchase.
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