Daily Dispatches

By Mac Jones
Reuters
Sunday, June 26, 2022

LONDON -- The central bank umbrella body, the Bank for International Settlements, has called for interest rates to be raised "quickly and decisively" to prevent the surge in inflation turning into something even more problematic.

The Swiss-based BIS has held its annual meeting in recent days, where top central bankers met to discuss their current difficulties and one of the most turbulent starts to a year ever for global financial markets.

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10:33p ET Saturday, June 25, 2022

Dear Friend of GATA and Gold:

Being the only forms of money without counterparty risk, at least when held directly by their owners, gold and silver are often seen as the foundation of a sound investment portfolio. 

But what if they are really U.S. government positions? This analysis notes that 100% of the bank's monetary metals derivatives and 96% of its foreign exchange derivatives are not centrally cleared. Might central clearing expose the government's connection?

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By Pam and Russ Martens
Wall Street on Parade
Friday, June 24, 2022

Add JPMorgan Chase, the biggest bank in the United States with an unprecedented five criminal felony counts since 2014, to the growing list of debacles of which the Federal Reserve has lost control.

By Eddie Spence
Bloomberg News
Friday, June 24, 2022

Gold recorded as originating from Russia arrived in Switzerland from the UK last month, according to the Swiss Federal Customs Administration.

More than 3 tons of gold -- worth about $200 million -- was recorded as being imported from Russia to Switzerland last month, according to customs data. The industry has been abuzz with speculation about the trade, especially after the association of Swiss refiners said its members hadn’t imported the metal.

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