SNB & CHF

What is the consensus about the economy today? Will 2022 growth be better or worse than 2021? Actually, that probably isn’t the right question because the economy slowed significantly in the second half of 2021. The real question is whether growth will improve from that reduced pace. The Atlanta Fed GDPNow tracker now has Q4 growth all the way down to 5% from the 6.8% rate expected just a week ago (a result of a less than expected retail sales report). That’s still a...

The market selloff into January rattled investors as concerns of “So Goes January, So Goes The Year” began to dampen expectations. Combined with a more aggressive stance from the Federal Reserve, rising inflation, and a reduction in liquidity, investor concerns seem to be well-founded. As discussed last week in “Passive ETFs Are Hiding A Bear Market,” the “blood bath” in the high-beta stocks is particularly humbling for the retail crowd that piled into risk with...

Convicted fraudster Dieter Behring standing outside a Swiss courthouse during his trial in 2016. © Keystone / Ti-press / Pablo Gianinazzi Administrators clearing up a CHF800 million ($877 million) collapsed pyramid scheme have managed to recover just CHF12.7 million from one of Switzerland’s largest fraud cases. Financier Dieter Behring ripped off 1,700 investors between 1998 and 2004External link with a scam that promised oversized financial returns. Instead, it...

Here’s “politics” in America now: come with mega-millions or don’t even bother to show up. Representational democracy–a.k.a. politics as a solution to social and economic problems–has passed away. It did not die a natural death. Politics developed a cancer very early in life (circa the early 1800s), caused by wealth outweighing public opinion. This cancer spread slowly but metastasized in the past few decades, spreading to every nook and cranny of our society and...

Blockchain-based data-sharing platform Spring Labs announced that is bringing TransUnion’s identity and credit data on-chain to help accelerate Web 3 and DeFi adoption. The off-chain credit data from TransUnion, a global information and insights company, will be made available on public blockchain networks via Spring Labs’ ky0x Digital Passport. Ky0x Digital Passport allows users to provide information about themselves in order to access permissioned smart contract...

When assailing global governance, pundits rarely comment on its impact on small countries. Yet the degree to which small countries are ignored by global institutions—like the G7, the International Monetary Fund, and the World Bank—helps to illustrate how institutions of global governance tend to primarily reflect the values of managerial elites from large and wealthy states. That is, global policies are earnestly tailored by rich states in the West in response to...

Systemically, the US is undergoing socio-economic collapse, which means that individually, we all have to understand the place we are living, and, more importantly, if we need to move out of that place in order to not just survive, but to perhaps even thrive in our unfolding economic landscape. Charles Hugh Smith from Of Two Minds joined Paul "Half Dollar" Eberhart of Silver Doctors on Monday, January 17, 2022, for a robust discussion on the collapse of the US in general, and the...

Swiss Franc The Euro has fallen by 0.05% to 1.0424 EUR/CHF and USD/CHF, January 17(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Russia is thought to be behind the cyber-attack on Ukraine at the end of last week, but a military attack over the weekend may be underpinning risk appetites today. The dollar’s pre-weekend gains are being pared slightly. Led by the Canadian dollar and Norwegian krone, the greenback...

Die Mass Adoption bleibt weiterhin das große Ziel des Bitcoin. Gerade das reguläre Handelsgewerbe ist hier ausschlaggebend. Daher sind es gute Nachrichten, dass inzwischen rund ein Viertel der Kleinunternehmen planen, Zahlungen mit Bitcoin einzuführen – so heißt es zumindest in einer Studie des Kreditkartenanbieters Visa. Bitcoin News: 25% der Kleinunternehmen möchten Bitcoin-Zahlungen umsetzen Als Tesla im letzten Jahr Bitcoin-Zahlungen ermöglichte, war das...

The destruction of the currency and the insidious intrusion of government control into every aspect of our lives are on track to cause a stealth collapse of civilization as we know it. Keith Weiner, founder and CEO of Monetary Metals, is on a mission to educate people about the dark design of the fiat currency system and how to reclaim hope for our future through tangible and sustainable income growth based on real money: gold and silver. Find Keith online: http://monetary-metals.com 0:00...