SNB & CHF

Interest rates in developed countries have been falling for years as governments prop up economies with easy credit. For Keith Weiner, president of the Gold Standard Institute USA and CEO of Monetary Metals, this cheap borrowing comes at the expense of capital productivity, ultimately eroding trust in fiat currencies such as the dollar. Show notes: https://goldnewsletter.com/podcast/problem-record-low-interest-rates/ #Dollar #InterestRate #Debt

Swiss Franc The Euro has fallen by 0.07% to 1.0754 EUR/CHF and USD/CHF, January 18(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The new week has begun like last week ended. Equities are a bit heavy. The MSCI Asia Pacific Index fell for the second session, its first back-to-back loss since before Christmas. China and Hong Kong were the notable exceptions, perhaps helped by stronger than expected GDP. Europe’s...

Zurich/Basel, 15 January 2021 – The UBS Board of Directors announced today that Beatrice Weder di Mauro is not standing for re-election to the Board of Directors of UBS Group AG and UBS AG. She has informed the Board of her decision to step down after serving since 2012. UBS Chairman Axel A. Weber: “We will miss Beatrice’s experience and expertise in international economic and financial matters. She has consistently provided important insight to the Board and to me...

Rothbard: “At the outset of every step forward on the road to a more plentiful existence is saving….Without saving and capital accumulation there could not be any striving toward nonmaterial ends.” Original Article: “The Upside of Lockdowns: More Saving​” This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack. Original Text: Something good is coming out of the covid lockdowns. Economist David Rosenberg released a special...

I. Warning against Fiduciary Media Early in the 20th century, Ludwig von Mises warned against the consequences of granting the government control over the money supply. Such a regime inevitably creates money through bank credit that is not backed by real savings—a type of money that Mises termed “fiduciary media.” In 1912, Mises wrote, It would be a mistake to assume that the modern organization of exchange is bound to continue to exist. It carries within itself the...

This week, Switzerland’s Federal Office of Public Health (FOPH) reported 17,245 positive Covid-19 cases and 387 deaths. Over the seven days to 15 January 2021, the number daily cases reported in Switzerland averaged 2,464. This figure is significantly below the daily reported average leading up to Christmas. In the 7 days to 18 December 2020, the average daily number was around 4,300. Over the last 24 hours the results of 25,092 tests were reported, with test...

During 2020, average annual inflation was –0.7%, according to Switzerland’s Federal Statistical Office (FSO). © Dmitri Maruta | Dreamstime.com - Click to enlarge In December 2020, Switzerland’s consumer price index (CPI) fell by 0.1% compared with November 2020. Compared to December 2019, prices in December 2020 were 0.8% lower. Annual inflation reached -0.7% across the full year. The main drivers of a falling CPI were lower travel prices and fuel costs. The price...

The months of November and December aren’t always easily comparable year to year when it comes to American shopping habits. For a retailer, these are the big ones. The Christmas shopping season and the amount of spending which takes place during it makes or breaks the typical year (though last year, there was that whole thing in March and April which has had a say in each’s final annual condition). The calendar being what it is – we’ve never been forced to use the...

Bill Bonner - Agora Financial | "International Living" Sales Letter Breakdown ? Link to the ENTIRE Proven Sales Letter Breakdowns Playlist: https://youtube.com/playlist?list=PLgZaQ3qgjgrGU9IuVczUO_AlVK5NLqK1a ❗️ HEADS UP: Want to kickstart your copywriting career in 2021? Check out "Copy Hour" - the ONLY beginner-friendly copywriting program that combines training lessons, accountability, and a little bit of handwriting proven ads to re-wire your brain for copywriting...

Switzerland’s Federal Office of Public Health (FOPH) recently reported that 66,000 people in Switzerland had been vaccinated against the SARS-CoV-2 virus that causes Covid-19. © Oxana Medvedeva | Dreamstime.com - Click to enlarge The number was communicated by Nora Kronig of the FOPH during a press conference in Bern on Thursday 14 January 2020. The 66,000 is likely to be lower than the actual number because of delays in the flow of information from cantonal health...