SNB & CHF

No-one Cares… “No one really cares about the U.S. federal debt,” remarked a colleague and Economic Prism reader earlier in the week. “You keep writing about it as if anyone gives a lick.” We could tell he was just warming up. So, we settled back into our chair and made ourselves comfortable. “The voters certainly don’t care about the federal debt,” he continued. “They keep electing the same spendthrifts to office. And...

See the introduction and the video for the terms gold basis, co-basis, backwardation and contango. Back to the Happy Place Amid a Falling Dollar The prices of the metals dropped this week, $24 and $0.38. This could be because the asset markets have returned to their happy, happy place where every day the stock market ticks up relentlessly. Sometimes, happiness is fleeting… - Click to enlarge Dollar Bid Price The...

Big Swiss banks should make it easier for Swiss people living abroad to maintain a bank account, finds the Senate. Senators voted 23 to 14 on Tuesday in favour of a motion to make the five largest Swiss banks provide accounts under reasonable conditions. Six senators abstained from the vote, which came during the autumn parliamentary session in Bern. Currently, Swiss nationals living abroad are subject to stricter...

Swiss Franc The Euro has risen by 0.36% to 1.153 CHF. EUR/CHF and USD/CHF, September 19(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Politics seems to dominate the talking points today. Boris Johnson’s weekend op-ed has been rejected by May, and there is talk that Johnson may resign or fired. Sterling is consolidating after pulling back yesterday. Carney said that if the...

– Global debt bubble may be understated by $13 trillion: BIS – ‘Central banks central bank’ warns enormous liabilities have accrued in FX swaps, currency swaps & ‘forwards’ – Risk of new liquidity crunch and global debt crisis – “The debt remains obscured from view…” warn BIS Global debt may be under-reported by around $13 trillion because traditional accounting practices exclude foreign exchange derivatives used...

– Global debt bubble may be understated by $13 trillion: BIS – ‘Central banks central bank’ warns enormous liabilities have accrued in FX swaps, currency swaps & ‘forwards’ – Risk of new liquidity crunch and global debt crisis – “The debt remains obscured from view…” warn BIS Global debt may be under-reported by around $13 trillion because traditional accounting practices exclude foreign exchange derivatives used...

Accurately measuring the scope of global wealth inequality is a notoriously difficult undertaking – a fact that was brought to light last year when the International Consortium of Investigative Journalists published the Panama Papers, exposing clients of Panamanian law firm Mossack Fonseca. As the papers revealed, Mossack Fonseca, which is only the world’s fourth-largest provider of offshore financial services, boasted...

The Swiss financial regulator is investigating multiple cases of suspected cryptocurrency fraud The Swiss financial regulator has closed down three companies linked to a fake cryptocurrency E-Coin amid fears that investors may have been conned out of millions of francs. The Swiss Financial Market Supervisory Authority (Finma) said the probe is one of 12 it is conducting into cryptocurrencies. Finma has seized or blocked...

The impact of Hurricane Harvey on the Gulf energy region is becoming clear. There have been no surprises to date, even though the storm did considerable damage and shuttered or disrupted significant capacity. Most of that related to gasoline, which Americans have been feeling in pump prices. According to the US Department of Energy, as of August 31, 10 refineries had been shut down with a combined capacity of 3.01...

Returning guest Charles Hugh Smith delivers a great interview discussing cryptocurrencies, the concern over Google and Facebook and the truth about digital advertising and data mining. We are political scientists, editorial engineers, and radio show developers drawn together by a shared vision of bringing Alternative news through digital mediums that evangelize our civil liberties. Please subscribe for the latest shows daily! http://www.roguemoney.net...