SNB & CHF

Max Keiser interviews Mark O’Byrne about the gold and silver bullion markets, cryptobullion, the confetti masters on Wall Street and the Federal Reserve which is not federal and has no reserves.

(I have been sick with pneumonia but am just about back.  I expect to resume my commentary tomorrow.  Here is my overdue monthly column for a Chinese paper.   Thanks to everyone for their support.)Conspiracy theories have run amok.  After several years of claiming countries were engaged in currency wars, or attempts to drive their currencies down to achieve export advantage, many reporters and analysts announced a volte-face.    At the late February G20 meeting in Shanghai, a secret...

Sometimes asylum seekers go underground, as they have no hope of getting official refugee status. They’re known as “sans papiers” (without papers). (SRF/swissinfo.ch) Asylum is only granted to those who face persecution or imprisonment in their country of origin for reasons of race, religion or nationality or because of their political views. Most asylum seekers arriving in Switzerland do not meet these criteria – they are economic refugees. In 2015, roughly half of all asylum seekers...

At Dübendorf airfield, aviation enthusiasts are converting an old jumbo jet cockpit into a flight simulator: an adventurous project with many obstacles.(SRF/swissinfo.ch) --- swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and to provide a Swiss perspective on international events. For more articles, interviews and videos visit swissinfo.ch or subscribe to our YouTube channel: Website: http://www.swissinfo.ch...

Many churches are listed buildings, so pulling them down is not an option. A number of parishes now want to revive empty churches by converting them into homes. (SRF/swissinfo.ch) --- swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and to provide a Swiss perspective on international events. For more articles, interviews and videos visit swissinfo.ch or subscribe to our YouTube channel: Website:...

Divers have found a historic aircraft in Lake Lucerne, which crashed in 1941 and was deemed lost – until today. (SRF/swissinfo.ch) --- swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and to provide a Swiss perspective on international events. For more articles, interviews and videos visit swissinfo.ch or subscribe to our YouTube channel: Website: http://www.swissinfo.ch Channel:...

A Spot of Irrational Exuberance There were some fireworks last week. Gold went up on Tuesday (it was a shortened week due to Easter Monday), from a low of $1,215 to $1,244 over the day, a move of over 2 percent. Silver moved from $15.02 to $15.44, almost 3 percent. What happened on Tuesday to drive this move down in the dollar? (We always use italics when referring to gold going up or down, because it is really the dollar going down or up). A bit of verbal puppeteering…. Janet Yellen...

  A Witless Tool of the Deep State? Finance or politics? We don’t know which is jollier. The Republican presidential primary and Fed monetary policies seem to compete for headlines. Which can be most absurd? Which can be most outrageous? Which can get more page views? Politics, led by Donald J. Trump, was clearly in the lead… until Wednesday. Then, the money world, with Janet L. Yellen wearing the yellow jersey, spurted ahead in the Hilarity Run. A coo-coo for the stock market…...

Headlines March 2016 Speculative position: Strong shift to CHF long:  +4967x 125K contracts after the Fed reduced their expectations of rate hikes for this year.Sight Deposits: SNB intervenes for 6.1 bln. CHF during the month of March. This is the higest level since January 2016.FX: EUR/CHF rose over 1.09 and touched 1.10. As I expected last week, the EUR/CHF was not reached. The dollar is getting slowly weaker, at 0.96 CHF currently. Background FX Rates, Balance of Payments and Capital...

04.04.2016 11:00  - FSO, Social Assistance (0353-1603-30) 10 years of Swiss Social Assistance Statistics Social assistance rate the same as 10 years ago Neuchâtel, 04.04.2016 (BFS) – The Swiss Social Assistance Statistics cover ten years of observation with the latest data from 2014. The social assistance rate was 3.2% in 2005 and is the same today. Over the ten year period, observations from previous years have been confirmed, with children, foreign nationals, divorced persons and those...