SNB & CHF

Escape the summer heat for a cool weekend in the beautiful mountains of Banner Elk, NC. Tentative plans are to meet for dinner on Friday, July 21 at the Sugar Mountain Ski Resort. Guest speakers will be Franklin Sanders and his son, Justin, who will discuss their decades long effort to protect the precious metal trading industry from government intervention. Saturday, July 22 will begin with breakfast with the owners of Sugar Mountain while they discuss how they...

Join Mises Club Carolinas for their next meetup in Fort Mill, SC, on Saturday, April 22. We'll tour Southpoint Solutions, and industrial lighting company from Club Member Jared Wall. After the tour, we'll have dinner and discussion at Farmhaus Butcher and Beer Garden. The speaker will be a new Club Member, Trey Carson, owner of Happy Mining, a bitcoin mining company in central North Carolina.  For more information or to register for this event, please contact Kent...

Collusion was a way of life with state-chartered enterprises. Little has changed, as firms with political connections still gain profits from their collusion with the state. Original Article: "The Theory and Practice of Conspiracy" This Audio Mises Wire is generously sponsored by Christopher Condon.  [embedded content]...

As you may have noticed, those dreaded “forces” seem to have rematerialized—in the headlines, in the journals, in the pages of bestsellers: those historical, material, political, or ideological forces that supposedly make conflict between some set of groups, classes, or states “inevitable.” But as the great libertarian historian Ralph Raico never tired of telling, such collectivist narratives are often little more than convenient scapegoats or outright inventions to...

Overview: The market has concluded that the Fed will hike rates today. The US two-year yield has risen from about 3.63% at Monday's lows almost 4.20% yesterday. It needs to rise to 4.35% to recover half of its decline since March 8 but has come back softer today. Meanwhile, the banking crisis continues to ease, and Europe's Stoxx 600 bank index is up 1.5%, its third consecutive advance. The US KBW bank index rallied almost 5% yesterday. Still, while the dollar drew...

Welcome to Whose Economy Is It, Anyway?, where the rules are made up and the dollars don’t matter. Or at least that seems to be the view of the Yellen regime. Original Article: "A Bank Crisis Was Predictable. Was the Fed Lying or Blind?" This Audio Mises Wire is generously sponsored by Christopher Condon.  [embedded content]...

The failure of Silicon Valley Bank (SVB) on March 10 was the second largest bank failure in US history. Just two days following SVB’s collapse, Signature Bank joined the record books as the third largest bank failure in US history. First Republic Bank also seemed on the edge of collapse until Bank of America, Citigroup, and other big banks agreed to jointly fund a bailout for it. Major Swiss bank Credit Suisse was also teetering on the brink when it received a 54...

Murray Newton Rothbard, perhaps the greatest enemy of the state in the second half of the twentieth century, would have recently celebrated his ninety-seventh birthday had he lived. Men are not salmon, those unique creatures that swim against the current. Most people “go with the flow” and allow the pace of events to dictate their lives, at least in that few consciously choose to reject the current order of things, declare it to be profoundly wrong, and act on it....

Für den Bundesrat ist der Übernahme-Deal zwischen UBS und Credit Suisse keine Staatsrettung. Dennoch tragen die Steuerzahler mit den Staatsgarantien enorme Risiken. Die Kosten der Schweiz zur Stützung ihres Rufs als Finanzzentrum könnten sich auf 12’500 Franken für jeden Mann, jede Frau und jedes Kind im Land belaufen. Denn um den Notverkauf der Credit Suisse an die UBS abzusichern, hat der Bundesrat zugesagt, bis zu 109 Milliarden Franken zur Verfügung zu stellen....

The Fed is launching a new billionaire bailout designed to keep banks afloat, and the FDIC is promising to back potentially trillions in deposits. The taxpayer will ultimately be on the hook.  Original Article: "Yes, the Latest Bank Bailout Is Really a Bailout, and You Are Paying for It." This Audio Mises Wire is generously sponsored by Christopher Condon.  [embedded content]...