SNB & CHF

Did you see the northern lights in Switzerland? 🌄 The northern lights, aka aurora borealis, are rare in the Alps. For the second time this autumn, the dancing pink, red and purple spectacle lit up the night skies in Switzerland. Find out all about this phenomenon here 👉 https://www.swissinfo.ch/eng/northern-lights-dazzle-over-swiss-alps/48955254 --- swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and to provide a...

Noel and Micha, two brothers of 8 and 11, have just started school in Canton Bern, Switzerland, for the first time. In this video they explain how their introduction to the Swiss school went, after being homeschooled in the Philippines for their first years of compulsory education. Their family had left Switzerland in 2018 for Manila, where the parents taught less fortunate children. After having lived 5 years in one of the poorest neighbourhoods of the Philippines' capital, they decided...

Fed up with the state's surveillance regime? There are ways to use available technology to frustrate government efforts to spy on you. Original Article: The Parasitic Rich Men North of Richmond [embedded content] Tags: Featured,newsletter

Financial statements of the US Federal Reserve, which consists of the board of governors in Washington and twelve district reserve banks across the country, indicate that the consolidated system has generated both capital and operating losses for the past couple of years. The Fed was created in 1913 to issue and circulate an “elastic currency” that could respond to consumers’ demand for cash, end bank runs known then as “money panics,” and serve as a “lender of last...

Overview: The dollar's sell-off last week was extreme and it recovered yesterday and through the European session today. The Australian dollar has been hit the hardest. It is off more than 1% today after the RBA lifted the cash rate by 25 bp (to 4.35%). Still, the US dollar's gains have stretched intraday momentum indicators, suggesting the upside correction may be nearly over. The greenback's moves appear to have been driven by interest rate expectations. Recall...

Most reviewers of the motion picture Killers of the Flower Moon distill just one lesson from the story: greed is deadly. The love of money leads to evil. But the real lesson should be of government failure. The movie follows the book, Killers of the Flower Moon: The Osage Murders and the Birth of the FBI by David Grann. It tells the story of the Osage tribe during the 1920s oil boom in Oklahoma. Tribal members became very wealthy because of the discovery of oil on...

Oliver Anthony's popular song, "Rich Men North of Richmond," describes the parasitic world of the Beltway. One hopes people understand the damage the political classes have done. Original Article: The Parasitic Rich Men North of Richmond [embedded content] Tags: Featured,newsletter

Migration is part of the wider concept of economic freedom. This makes it desirable if prosperity is the goal of policy. But more applicable to the current attitudes and values of Western leaders than mundane economic arguments, migration presents an opportunity to increase the pool from which they extract real income. This is required in the face of poor demographics and growing socialistic ambitions. The extraction is achieved by taxation and inflation, which...

Instead of the usual statist candidates, Argentine voters have to opportunity to elect a Rothbardian who is calling for radical free-market changes in the nation's economy. Original Article: Rothbard, Milei and the New Right in Argentina [embedded content] Tags: Featured,newsletter

In the international fixed-income markets, interest rates are rising, and the decades-long trend of declining bond yields has undoubtedly been broken. On August 2, 2022, the ten-year United States Treasury yield was 0.5 percent; on October 9, 2023, it had risen to 4.8 percent. Long-term interest rates in Europe, Asia, and Latin America have also risen sharply. The key reason for the rise in capital market interest rates is the central banks’ interest rate hikes—a...