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Daily Dispatches
USAGold's 'News & Views' for March: Waiting for the Fed
Submitted by admin on Mon, 2022-02-28 12:59 Section: Daily Dispatches12:58p ET Monday, February 28, 2022
Dear Friend of GATA and Gold:
USAGold's "News & Views" letter for March is headlined "Waiting for the Fed" and makes reference to the 1950s play by Samuel Beckett, "Waiting for Godot," which, for some reason, high schools across the country used to make required reading, maybe because it was meaningless. In any case, as "News & Views" notes, in the play Godot never shows up.
BIS says it won't help Russia evade sanctions
Submitted by admin on Mon, 2022-02-28 09:53 Section: Daily DispatchesBy Marc Jones
Reuters
Monday, February 28, 2022
LONDON -- The Bank for International Settlements, the umbrella body for central banks worldwide, said today it would not be an avenue for any circumvention of powerful Western sanctions put on Russia over the weekend.
Western allies announced sweeping new sanctions against Moscow on Saturday, including Russia's central bank in a bid to restrict its ability to deploy $640 billion of forex and gold reserves.
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Doomed ship of gold's ghostly picture gallery plucked from seabed
Submitted by admin on Sun, 2022-02-27 22:26 Section: Daily DispatchesBy Dalya Alberge
The Observer / The Guardian, London
Sunday, February 27, 2022
It is one of the most famous treasure wrecks ever discovered, a steamer named the "ship of gold" after it sank in 1857 off the coast of South Carolina with one of the largest cargoes of gold ever lost at sea.
Miners who had struck it rich in the California gold rush were among those bringing home to New York their hard-earned wealth, only to lose their lives when the SS Central America was struck by a hurricane, sinking nearly a mile and a half beneath the waves.
Energy firms snap up Russian gas as Europe seeks alternatives
Submitted by admin on Sun, 2022-02-27 17:05 Section: Daily DispatchesEven Ukraine hasn't cut the pipelines carrying Russian gas across its territory to western Europe.
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By Elena Mazneva
Bloomberg News
Sunday, February 27, 2022
European leaders talking up plans to wean the continent off Russian natural gas are facing a harsh reality: Energy companies are buying more as the war rages in Ukraine.
Russian central bank to resume gold purchases on domestic market Monday
Submitted by admin on Sun, 2022-02-27 14:53 Section: Daily DispatchesBut what will the ruble be worth then?
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From Reuters
Sunday, February 27, 2022
Sanctions on Russia will force central banks to return to infinite money, CS analyst says
Submitted by admin on Sun, 2022-02-27 14:45 Section: Daily DispatchesSWIFT Ban Means the Fed May Need to Be Ready With Dollars
By Benjamin Purvis
Bloomberg News
Sunday, February 27, 2022
https://www.bloomberg.com/news/articles/2022-02-27/swift-ban-means-the-f...
Ambrose Evans-Pritchard: Russia may be forced to dump its gold to raise funds
Submitted by admin on Sun, 2022-02-27 12:08 Section: Daily DispatchesThe West Has Finally Taken the Gloves Off Against Putin, and Redeemed Our Honour
By Ambrose Evans-Pritchard
The Telegraph, London
Sunday, February 27, 2022
On the third attempt, the West is at last grasping the nettle in Ukraine.
This weekend's draconian measures come too late to deter Vladimir Putin, but not too late to inflict real pain and perhaps to set in motion the destruction of his regime.
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Sure, the London bullion banks can be sued. Send GATA a few million pounds and we'll do it
Submitted by admin on Fri, 2022-02-25 11:27 Section: Daily Dispatches11:47a ET Friday, February 25, 2022
Dear Friend of GATA and Gold:
Our friend M.V. writes:
Is it not possible to sue the banksters in London for manipulating the gold price? It is obvious that the price of gold is manipulated if you look at what happened yesterday. It is fraud.
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Of course it is possible to sue banks. These days one can be sued for wearing socks that don't match.
Ambrose Evans-Pritchard: Sanctions will hurt Europe more than Russia
Submitted by admin on Fri, 2022-02-25 11:05 Section: Daily DispatchesGreater Russia Is Now a Full-Spectrum Commodity Superpower, Less Vulnerable to Sanctions than Europe Itself
By Ambrose Evans-Pritchard
The Telegraph, London
Friday, February 25, 2022
In a matter of hours, the world order has turned drastically less favourable for the western democracies.
Vladimir Putin’s seizure of Ukraine elevates Russia into a full-spectrum commodity superpower, adding critical market leverage over global grain supply to existing strategic depth in energy and metals.
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Pam and Russ Martens: Unsanctioned, Western banks continue to operate normally in Russia
Submitted by admin on Fri, 2022-02-25 10:44 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Friday, February 25, 2022
While Ukrainian children sleep with their pets in the subways, living in terror of the bombs raining down on them from their Russian invaders, wealthy Russian oligarchs are being comforted by "relationship managers" at banks owned by the very nations that say they are going to hold Russia accountable for its invasion of Ukraine.
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