SNB & CHF

A Democratic state lawmaker in Illinois has introduced legislation requiring unvaccinated residents to pay out-of-pocket for healthcare services. It’s all part of an effort to come up with new and creative ways to punish people who refuse to get the covid jab. WBBM Radio in Chicago reports: [Jonathan] Carroll’s legislation would amend the state’s insurance code so that “a person who is eligible to receive a COVID-19 vaccine and chooses not to be vaccinated shall pay...

A digital programmable euro is essential for innovative business models in Germany, according to the Frankfurt School Blockchain Centre (FSBC). The FSBC is a think tank and research centre focusing on the business implications of blockchain. It published the “The Programmable Euro: Review and Outlook” report on behalf of the Finanzplatz München Initiative (fpmi), highlighting the use cases of the digital programmable euro, a blockchain-based euro that enables...

The hydroelectric dam at Zervreila, canton Graubünden. Keystone / Gian Ehrenzeller Authorities, environmental groups, and energy providers have named 15 major hydropower projects that could help Switzerland achieve energy security and a green transition over the coming decades. The projects were chosen for their energy efficiency potential as well as their minimal impact on biodiversity and the landscape, the groups wrote in a joint declaration on Monday. It was the...

Overview:  Activity in the capital markets is subdued today, ahead of tomorrow's FOMC meeting conclusion and the ECB meeting on Thursday.  The MSCI Asia Pacific equity index fell for the third consecutive session.  European bourses are heavy after the Stoxx 600 posted an outside down day yesterday. Today would be the fifth consecutive decline. Selling pressure on the US futures indices continues after yesterday's losses.  Australia and New Zealand bonds played...

US President Joe Biden called Switzerland a tax haven during his State of the Union address in April Copyright 2021 The Associated Press. All Rights Reserved A major global corporate tax deal agreed by more than 130 countries in October aims to curb tax abuse by multinational companies, but many important details remain on how this will be implemented. When US President Joe Biden called Switzerland a tax haven earlier this year, Swiss authorities promptly rejected...

Keystone / Sebastian Gollnow An appeal court in Paris has confirmed that Swiss bank UBS is guilty of having assisted French tax evaders – but reduced the penalty from €4.5 billion (CHF4.7 billion) to €1.8 billion. Switzerland’s largest bank systematically helped French clients evade taxes between 2004 and 2012 by enticing them to hide their money in Switzerland, the appeal court said on Monday. In 2019, UBS was originally fined €3.7 billion and ordered to pay...

Overview: Equities, bonds, and the dollar begin the new week on a firm note.  Japanese, Chinese, Australian, and New Zealand equities advanced in the Asia Pacific region.  Europe's Stoxx 600 is snapping a three-day decline, and US futures are 0.25%-0.35% higher.  The US 10-year yield is a little softer at 1.48%. European benchmark yields are mostly 1-2 bp lower, and near 0.71%, the UK Gilt's yield is at a three-month low.  The dollar is rising against all the major...

http://financialrepressionauthority.com/2021/12/10/the-roundtable-insight-charles-hugh-smith-on-a-grand-strategy-to-address-the-global-crisis/

The headlines last Friday were ominous: Inflation Hits Highest Level in Nearly 40 Years Inflation is Painfully High… Groceries and Christmas Presents Are Going To Cost More Inflation is Soaring.. America’s Inflation Burst This morning on Face The Nation, Mohamed El-Erian, former Harvard endowment manager, former bond king apprentice, economist and the man who seems to have a permanent presence on CNBC, had this to say: The characterization of inflation as transitory...

When the market goes bidless, it’s too late to preserve capital, never mind all those life-changing gains. Everyone with some gray in their ponytails knows the stock market has ticked every box for a bubble top, so everybody get in crash positions: Let’s run through the requirements for a bubble top: 1. Retail investors (i.e. dumb money) are all in and buying the dip with absolute confidence. As the gray-ponytail traders know, there are many moving parts to the...