SNB & CHF

"Despite some eerie echoes, the past is not the best guide to the present," writes The Economist. Jeff Snider agrees, but for entirely different reasons. Stagnation? Yes, definitely. But NOT inflation - despite the clear price increases! Wait, what? ---------SPONSOR---------- Macropiece Theater with Alistair Cooke (i.e. Emil Kalinowski) reading the latest essays, blog posts, speeches and excerpts from economics, geopolitics and more. Interesting people write interesting things,...

In my blog post yesterday entitled “Mainstream Press Silence on the JFK Deadline, I took the mainstream media to task for remaining steadfastly silent about the upcoming October 26 deadline for the release of the CIA’s long-secret JFK assassination-related records. Instead, I pointed out, the mainstream media simply continues reveling in labeling people who question the official lone-nut theory of the assassination as “conspiracy theorists.”  Well, who would have...

An attractive target: a Swiss server. © Keystone / Christian Beutler Ransomware attacks by hackers continue to increase sharply, with some 2,700 Swiss firms falling victim over the past year, Beobachter magazine has reported. The figure for the period August 2020 to August 2021 was arrived at by American cybersecurity firm Recorded Future, Beobachter wrote on Wednesday. Measured against the 4,800 attacks over the past five years as a whole, this means a big uptick,...

Tangany has received a license from the German Federal Financial Supervisory Authority (BaFin) as the third regulated service provider for the custody of digital assets in the country to provide crypto custody business. Furthermore, Tangany plans to apply for further licenses in Germany and Europe in the future and has already received preliminary permission from BaFin to manage registers of crypto securities. Tangany is a B2B white-label crypto custodian regulated...

The Stupidity of War: American Foreign Policy and the Case for Complacency by John Mueller Cambridge University Press, 2021, 332 pp. The subtitle of John Mueller’s excellent new book suggests that something unusual is in store for the reader. If someone is called complacent, he is hardly being complimented; how then can there be a “case for complacency”? In brief, Mueller thinks that most of the threats and dangers that confront nations are really not that much to...

The Pando (pictured here) appears to be 107 acres of forest, but scientists have concluded that the nearly 47,000 genetically identical quaking aspen trees share a common root system.  It is a single organism.  It is estimated to be around 80,000 years old and weighs something of the magnitude of 13 million pounds. It may be dying. Many market participants also struggle to distinguish the forest from the trees.  It is not a personal failing; it is systemic. The...

A Crypto AG encryption device Keystone / Ennio Leanza A special public prosecutor has been named in connection with the Crypto spying affair involving manipulated encryption devices which the CIA and the German intelligence agency used to spy on half the world. Peter Marti, a former judge and district attorney, will look into the violations of official secrecy that took place during the investigation, the supervisory authority of the Office of the Attorney General of...

© Cateyeperspective | Dreamstime.com According to a recent survey, one third of Swiss are against the extension of Covid certificates. But most think opposition is higher. Two thirds of those surveyed by Tamedia were happy for Covid certificates to be extended to restaurants and public spaces, reported 20 Minutes. The 67% in favour of the extension were either fully in favour (57%) or fairly in favour of it (10%). The 33% opposed to the extension were either fully...

Part IV of IV by Claudio Grass The Nixon Shock: The way forward President Nixon’s unilateral decision to sever the last link between the dollar and gold had wide ranging and long lasting consequences for the global economy and for the entire monetary system. The end of sound money facilitated and accelerated the concentration of power at the top and the ability to manipulate the currency allowed politicians and central planners to further expand the state’s reach and...

New York, NY,October7, 2021 – Harnessing the power of collective philanthropy, UBS today announced the launch of UBS Collectives (“Collectives”), an innovative social-impact initiative that connects UBS’s philanthropic clients on issues that matter most to them. Led by UBS’s Philanthropy Services team, UBS Collectives will help clients combine their expertise and mobilize their capital to fund initiatives that address child protection, climate change, health, and...