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Daily Dispatches
Tuomas Malinen: The conditions for hyperinflation are in place
Submitted by cpowell on Fri, 2021-02-26 11:28 Section: Daily DispatchesBy Tuomas Malinen
GNS Economics, Helsinki, Finland
Wednesday, February 24, 2021
From time-to-time historically, national authorities have resorted to financing by their central bank to cover budget shortfalls. Another word for this is monetization of debt or deficit-financing by the central bank.
Pam and Russ Martens: Wall Street tells Fed there's no more room for Treasuries
Submitted by cpowell on Fri, 2021-02-26 11:07 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Friday, February 26, 2021
Plenty of silver is available, London trader Maguire says, but only at much higher prices
Submitted by cpowell on Thu, 2021-02-25 20:43 Section: Daily Dispatches8:40p ET Thursday, February 25, 2021
Dear Friend of GATA and Gold:
Alasdair Macleod: Monetary inflation -- the next step
Submitted by cpowell on Thu, 2021-02-25 12:14 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, February 25, 2021
Earlier this month the U.S. Treasury released its plan to flood the financial system with cash by reducing its balance on its general account at the Fed by $1.229 trillion by not renewing an equivalent amount of T-Bills.
Pam and Russ Martens: Lawless coup on Wall Street continues as GameStop soars
Submitted by cpowell on Thu, 2021-02-25 11:13 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Thursday, February 25, 2021
It's not just the nation's Capitol that saw a lawless attempted coup this year. There's an ongoing lawless coup taking place on Wall Street among stock manipulators who seem to be sending the message to the Biden administration, "We dare you to catch us."
... Dispatch continues below ...
Yellen supports new allocation of IMF's SDR currency to help poor nations
Submitted by cpowell on Thu, 2021-02-25 10:23 Section: Daily DispatchesBy Andrea Shalal and David Lawder
Reuters
Thursday, February 25, 2021
WASHINGTON -- U.S. Treasury Secretary Janet Yellen today threw her support behind a new allocation of the IMF's own currency, or Special Drawing Rights, but said broad parameters were needed to boost transparency on how the reserves are used and traded.
Russia must 'barricade' itself against dollar, senior diplomat says
Submitted by cpowell on Wed, 2021-02-24 21:21 Section: Daily DispatchesBy Ilya Arkhipov and Henry Meyer
Bloomberg News
Wednesday, February 24, 2021
Russia must take urgent steps to cut its use of the dollar to a minimum as the new U.S. administration of Joe Biden signals it will ramp up sanctions, a top diplomat said.
Jim Rickards: The great reset is here
Submitted by cpowell on Wed, 2021-02-24 19:27 Section: Daily Dispatches7:30p ET Wednesday, February 24, 2021
Dear Friend of GATA and Gold:
In his new essay this week, "The Great Reset Is Here," economist and author Jim Rickards describes it this way:
-- Massive amounts of Special Drawing Rights are being issued to the members of the International Monetary Fund to create a world reserve currency alternative to the U.S. dollar.
Hindustan Times explains the fraud of India's gold bond program
Submitted by cpowell on Wed, 2021-02-24 12:41 Section: Daily Dispatches12:41p ET Wednesday, February 24, 2021
Dear Friend of GATA and Gold:
Thanks to the Hindustan Times in New Delhi for spelling out today just how stupid the people of India would have to be to invest in their government's Sovereign Gold Bond program.
Pam and Russ Martens: Fed's balance sheet soon will reach $8 trillion
Submitted by cpowell on Wed, 2021-02-24 12:09 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Wednesday, February 24, 2021
Every Thursday at approximately 4:30 p.m. the Federal Reserve provides a report on its balance sheet as of the prior day. It's known as the H.4.1 report or the Wednesday Level report.
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