Daily Dispatches

By Randy Thanthong-Knight and Jacob Lorinc
Bloomberg News
via Business Standard, New Delhi
Sunday, February 16, 2025

Canadian Conservative Leader Pierre Poilievre pledged to build an "east-west economy" with oil and gas pipelines stretching from Alberta to the Maritime provinces as part of a sweeping plan to respond to U.S. tariff threats.
 
In a major speech Saturday, the opposition leader aimed to persuade Canadians that he is the best candidate to lead the country in a looming tariff war with its largest trading partner.

By Jan Nieuwenhuijs
Money Metals Exchange, Eagle, Idaho
Friday, February 14, 2025

The U.S. Treasury can draw up to $700 billion in new funding from its gold revaluation account at the Federal Reserve. And the Treasury could invest this "new money" in a sovereign wealth fund, increasing the money supply by an equal amount.

By Marcela Ayres, Bernardo Caram, and Lisandra Paraguassu
Reuters
Thursday, February 13, 2025

BRASILIA -- Brazil's BRICS presidency will not advance a common currency for the group of major developing economies this year, four government officials said, but its agenda may pave the way for less reliance on the U.S. dollar in global trade.

That agenda could draw the ire of U.S. President Donald Trump, who has twice in recent months warned the BRICS group, founded by Brazil, Russia, India, and China, not to challenge the dominance of "the mighty U.S. dollar."

7p ET Wednesday, February 12, 2025

Dear Friend of GATA and Gold:

In his commentary this week at his internet site, Charts and Parts, financial writer Paul Brownstein outlines what he calls the four phases of the international financial system since President Nixon broke the link between the U.S. dollar and gold in 1971.

Brownstein writes that we're now in the final stage, the "Oh, Sh**!" phases, wherein central banks that busily dishoarded their gold in the previous phases discover that there is nothing left in the toolbox but money printing.