SNB & CHF

Consumer Confidence, as surveyed by the Conference Board and University of Michigan, shows consumers are starting to lose economic confidence. Given that consumer spending drives the economy and influences inflation, confidence and the means to spend can significantly impact markets. Based on recent job data, the means (i.e., wages) to consume appear to be in good shape. However, consumer savings are historically low, while credit card balances are high. Recently,...

I’m all in favor of a thorough and public audit of the US’s gold reserves. This includes the gold, not only at Fort Knox, but also at the other gold storage facilities at West Point, Denver, and the New York Federal Reserve Bank. Ron Paul was right when, in 2011, he tried to force the federal government to be transparent about its gold holdings.Virtually everything the US government owns is stolen, whether it’s stolen from Americans or from foreign individuals and...

An X exchange over the weekend is bringing new light to an issue long shrouded in mystery—the status of America’s purported stockpile of 8,133 tons of gold stored in Fort Knox and other government vaults across the country.News aggregator ZeroHedge tweeted at President Trump’s head of government efficiency, Elon Musk, “It would be great if @elonmusk could take a look inside Fort Knox just to make sure the 4,580 tons of US gold is there. Last time anyone looked was 50...

USD/CHF extends the rally to near 0.8970 in Thursday’s early European session.  Global economic uncertainties and geopolitical tensions could boost the Swiss Franc.  The estimate of the US Q4 GDP data will be in the spotlight later on Thursday.  The USD/CHF pair trades in positive territory for the second consecutive day around 0.8970 during the early European session on Thursday. A modest recovery in the US Dollar (USD) provides some support...

USD/CHF extends the rally to near 0.8970 in Thursday’s early European session.  Global economic uncertainties and geopolitical tensions could boost the Swiss Franc.  The estimate of the US Q4 GDP data will be in the spotlight later on Thursday.  The USD/CHF pair trades in positive territory for the second consecutive day around 0.8970 during the early European session on Thursday. A modest recovery in the US Dollar (USD) provides some support...

This summary of Lew Rockwell’s contributions to the liberty movement will show that Lew has done more to spread libertarian ideas than anyone else not named Ron Paul. Lew was born in Boston in 1944. His father was an “Old Right” Republican who gave Lew a copy of Henry Hazlitt’s classic Economics in One Lesson for for his twelfth birthday! Lew would later edit Hazlitt while working as an editor for the conservative publisher Arlington House. Lew also...

This summary of Lew Rockwell’s contributions to the liberty movement will show that Lew has done more to spread libertarian ideas than anyone else not named Ron Paul. Lew was born in Boston in 1944. His father was an “Old Right” Republican who gave Lew a copy of Henry Hazlitt’s classic Economics in One Lesson for for his twelfth birthday! Lew would later edit Hazlitt while working as an editor for the conservative publisher Arlington House. Lew also...

Once upon a time, in a land known as Washington, DC, the experts wisely governed the people, and the people were happy. Everything from the nation’s nuclear arsenal to the Internal Revenue Service was run with precision and, most of all, trust. The happy people trusted the experts to always do the right thing which they did.But one day, all of that changed for the worse when the Bad People came to this happy land and turned everything upside down for no good reason...

In his great classic, Crisis and Leviathan, Robert Higgs explained how Franklin Roosevelt’s attacks on the gold standard ushered in “the age of inflation” that has now robbed generations of Americans through the inflation tax. The explanation begins with the goofy economic theory that was the basis for the first New Deal: The backwards belief that low prices caused the Great Depression; therefore, if government could force prices up by restricting...

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