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SNB & CHF

2022 Sound Money Scholarship Winners Announced

6 Outstanding Students Earn Almost $10,000 in Tuition Assistance Eagle, Idaho (December 6, 2022) – Six outstanding students beat out almost 100 of their high-school and college peers in making the best case for sound money through an international, gold-backed scholarship competition… …and the winners walked away with a total of $9,500 in scholarship awards for their exceptional, thought-provoking essays. For the sixth-straight year, Money Metals Exchange, the U.S....

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Officials admit this was a huge part of 2008, 2020, maybe the next one, too.

It has taken decades for officials mainly *outside* the US to catch on about massive monetary innovation. Currency and forex swaps aren't weird derivative contracts certain banks use, they are money and money creation. The BIS belatedly tells us (what we already knew) there's $80 TRILLION in such "hidden" money - denominated in dollars - around the world that some of them only now realize had been a huge part of both 2008 and 2020, and could be for the next one, too. Eurodollar...

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Die “Titanic”-Analogie, die Sie noch nicht gehört haben | Von Charles Hugh Smith

Den vollständigen Tagesdosis-Text (inkl. ggf. Quellenhinweisen und Links) finden Sie hier: https://apolut.net/die-titanic-analogie-die-sie-noch-nicht-gehoert-haben-von-charles-hugh-smith Ein Kommentar von Charles Hugh Smith. Passive Akzeptanz des Verleugnens Ob wir uns dessen bewusst sind oder nicht, wir reagieren mit passiver Akzeptanz des Verleugnens. Sie haben zweifellos gehört, dass die Neuanordnung der Liegestühle auf der Titanic eine Analogie für die...

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Yesterday’s Dollar Recovery Questioned Today

Overview: The 11 bp jump in the 10-year US yield yesterday after dropping nearly 26 bp in the previous three sessions, helped the greenback recover and took a toll on stocks. Still, the S&P 500 is above the low set on November 30 (~3939) before Fed Chair Powell’s talk that day. Global equities were dragged lower today. Most large bourses in the Asia Pacific region fell, including Hong Kong’s Hang Seng and the index of mainland companies that trade in Hong Kong....

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The Bubble Economy’s Credit-Asset Death Spiral

Who believed that central banks’ financial perpetual motion machine was anything more than trickery designed to generate phantom wealth? Central banks seem to have perfected the ideal financial perpetual motion machine: as credit expands, money pours into risk assets, which shoot higher under the pressure of expanding demand for assets that yield either hefty returns (junk bonds) or hefty capital gains as the soaring assets suck in more capital chasing returns. As...

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“Classical Liberalism” Will Never Satisfy the Left

“Today the tenets of this nineteenth-century philosophy of liberalism are almost forgotten. In the United States “liberal” means today a set of ideas and political postulates that in every regard are the opposite of all that liberalism meant to the preceding generations.” —Ludwig von Mises, 1962 (emphasis added) F.A. Hayek is back in the public eye, thanks to a promising and weighty new biography from Professors Bruce Caldwell and Hansjörg Klausinger. Predictably,...

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Ep 50 – Brent Johnson: Has the Dollar Milkshake Spilled or Just Begun?

Is the dollar heading to new heights or new lows? Brent Johnson of Santiago Capital joins the Gold Exchange Podcast LIVE in New Orleans! Listen to Brent discuss the historic rise of the DXY, the effects on (d)emerging markets, and how he sees a currency and sovereign debt crisis playing out. Will Powell be able to solve Triffin’s Dilemma? Can foreign central banks escape the zugzwang position? Will the financial justice warriors finally be vindicated? Watch the full...

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Reflections upon the Centennial of Mises’s Socialism

Ludwig von Mises published Die Gemeinwirtschaft: Untersuchungen über den Sozialismus in 1922 (translated into English as Socialism: An Economic and Sociological Analysis, 1951). In more than five hundred pages, the most prominent representative of the Austrian school offers a comprehensive and deep analysis of the “socialist phenomenon.” Despite the catastrophes associated with the attempt to install a socialist system, this ideology has lost little of its appeal....

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Now that we’re finally here, what does it mean?

A consensus is being reached even among the official classes: "inflation" has peaked and with that consumer price pressures are going to reverse. That means decelerating price changes and eventually, in some places, falling prices. While this seems like it would be a very positive development, only in a world where all else remains equal. We don't live in that world. Eurodollar University's Money & Macro Analysis Twitter: https://twitter.com/JeffSnider_AIP...

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