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Alasdair Macleod: Inflation is a monetary curse
By Alasdair Macleod
GoldMoney, Toronto
Thursday, September 2, 2021
Remarkably, in a speech on monetary policy given at the Jackson Hole conference last Friday, Federal Reserve Chairman Jay Powell never mentioned money, money supply, M1, or M2. With money supply expanding at a record pace to fund both quantitative easing and intractable budget deficits, the omission is extraordinary.
... Dispatch continues below ...
Good Mining Exploration Resumes Search
for Gold at Golden Target Project in Ontario
Company Announcement
Wednesday, July 28, 2021
Good Mining Exploration Inc., a private, junior mining exploration company, has restarted its exploration efforts for economic gold deposits in its Golden Target Project. The GT is within the Timmins gold camp just south of Matheson, Ontario, on the Arrow fault, close to the prolific Destor Porcupine Fault zone.
Good Mining Exploration continues to hold 100 percent of the mining rights associated with the GT, a contiguous land package of 726 claim cells covering approximately 13,676 hectares.
(This announcement was approved by Joel Scodnick, PGeo., an independent consultant to Good Mining Exploration, in his capacity as a qualified person as defined by National Instrument 43-101.)
... For more detailed information, please visit:
https://www.goodmining.com/contact-us
The Federal Open Market Committee, the interest rate-setting committee, appears to no longer take the consequences of monetary expansion into account. But rising consumer prices caused by monetary expansion have driven real rates sharply negative and are leading to pressure for higher interest rates.
This article looks at the consequences of policies that combine the maintenance of a wealth effect by juicing markets with QE, and funding enormous government deficits, which are now beyond control. A flight out of foreign-owned dollars and dollar-denominated financial assets, which total over $32 trillion, is becoming inevitable.
Will the Fed respond by increasing its QE support for financial markets while resisting the pressure of rising interest rates?
If so, there is no surer way to destroy the dollar.
The lessons from history combined with sound economic analysis tell us that markets will reassert themselves over the Fed, and for that matter, over all other central banks that have embarked on similar monetary policies.
Gold is the ultimate hedge against these events and their consequences. ...
... For the remainder of the report:
https://www.goldmoney.com/research/goldmoney-insights/inflation-is-a-monetary-curse?gmrefcode=gata
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Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
2 Poydras St., New Orleans, Louisiana
Tuesday-Friday, October 19-22, 2021
http://https//neworleansconference.com/wp-content/uploads/2021/08/NOIC2021_Powell.html
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Toast to a free gold market
with great GATA-label wine
Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.
Here's what the bottles look like:
http://www.gata.org/files/GATA-4-wine-bottles.jpg
Buyers can compose their case by choosing as many as four varietals from the list here:
http://www.gata.org/files/FayJWineryVarietals.jpg
GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?
To order a case of GATA-label wine, please e-mail Fay J Winery at: bagman1236@aol.com
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
* * *
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
2 Poydras St., New Orleans, Louisiana
Tuesday-Friday, October 19-22, 2021
https://neworleansconference.com/wp-content/uploads/2021/08/NOIC2021_Powell.html
* * *
Toast to a free gold market
with great GATA-label wine
Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.
Here's what the bottles look like:
http://www.gata.org/files/GATA-4-wine-bottles.jpg
Buyers can compose their case by choosing as many as four varietals from the list here:
http://www.gata.org/files/FayJWineryVarietals.jpg
GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?
To order a case of GATA-label wine, please e-mail Fay J Winery at bagman1236@aol.com.
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
