SNB & CHF

The Ohio House of Representatives just approved a bill which helps Buckeye State citizens protect themselves from the loss of monetary purchasing power caused by federal money printing. Introduced by Representative Oeslager, House Bill 110 includes a provision to eliminate the sales and use tax on purchases of gold, silver, platinum, and palladium coins and bullion in Ohio. Ohio recently repealed a longstanding sales tax exemption on the sale of precious metals....

© Filmfoto | Dreamstime.com This week, Alain Berset, Switzerland’s health minister said that 80% of the population must be immunised for the virus to stop spreading, according to RTS. Vaccination against the SARS-CoV-2 virus is voluntary in Switzerland. Currently, estimates suggest only 60% of Switzerland’s population is prepared to be vaccinated, according to Berset, a figure below the level required to get rid of the virus. If 60% had immunity the virus would still...

It’s all so pathetic, isn’t it? The only way left to get ahead in America is to leverage up the riskiest gambles. It’s painfully obvious that the only way left to get ahead in America is crazy-risky speculation, but nobody seems to even notice this stark and stunning reality. Why are people piling into crazy-risky bets on speculative vehicles like Gamestop and Dogecoin? The obvious answer is because others have reaped a decade or two of wages in a few weeks, and...

The US state with the fastest growing covid-19 caseload is a state that has experienced some of the harshest and longest lockdowns and covid restrictions: Michigan. As of April 20, the seven-day moving average for new covid cases in Michigan was 790 per million. This is higher than any other US state, and it is several times higher than the case rate for Michigan a year ago. It is comparable to what it was at the beginning of cold and flu seasons last fall, when...

We do not like Purchasing Power or Real Effective Exchange Rate (REER) as measurement for currencies. For us, the trade balance decides if a currency is overvalued. Only the trade balance can express productivity gains, while the REER assumes constant productivity in comparison to trade partners. Who has read Michael Pettis, knows that a rising trade surplus may also be caused by a higher savings rate while the trade partners decided to spend more. This is partially...

Is human exploration of Mars worth the cost and the risk? Will we ever see the first man or woman on the surface of the Red Planet? Following the launch of recent Mars missions with Swiss and international involvement, including the landing of the Perseverance rover, SWI swissinfo.ch put those questions to Sylvia Ekström of the University of Geneva and Pierre Brisson of the Swiss Mars Society in an online debate, hosted via Zoom. These are highlights from the debate, in which...

In this episode of the Keiser Report, Max and Stacy look at JP Morgan all the way down as bilking grandma is the business model. In the second half, Max interviews Charles Hugh Smith of OfTwoMinds.com about the ‘fatal synergies’ and the ‘sealed pressure cooker’ resulting when the system refuses to offer a solution to those denied a voice or access to resources. They also discuss the oversupply of elites and the chaos this ultimately brings to society. Follow us on...

http://financialrepressionauthority.com/2021/04/22/the-roundtable-insight-charles-hugh-smith-on-the-terminally-ill-economy/

Swiss banking group Swissquote announced that it is expanding its cryptocurrency offering with nine additional ones. In addition to the leading twelve cryptocurrencies, investors can now also trade Cardano, Filecoin, Maker, Uniswap and yearn.finance (YFI). A further four cryptocurrencies will follow at the end of the month namely Aave (AAVE), Algorand (ALGO), Compound (COMP) and Cosmos (ATOM). With a total of 21 tradable virtual currencies, Swissquote offers...

Just minutes after the SEC is reportedly “exploring how to increase transparency for the types of derivative bets that sank Archegos,” The Wall Street Journal reports that Credit Suisse Group AG had somehow allowed a massive exposure to investments related to Archegos Capital Management or more than $20 billion. While the bank has said that its losses on the positions amounted to $4.7 billion, WSJ, citing people familiar with the matter, reports that Archegos’ bets...