SNB & CHF

The Federal Reserve is rolling out a test of the Digital Dollar. This represents an increase in control of the monetary system. Keith Weiner, CEO of Monetary Metals joins us to discuss the potential for loss of liberty resulting from the Digital Dollar. The fight for liberty is not one that needs to be fought by going to the streets, but is an intellectual battle, he says. The American people continue to accept further restrictions on their liberty in exchange for conveniences. "Is...

China's insistence on ZERO-COVID has little or nothing to do with the coronavirus one way or another. Instead, Xi's stubborn insistence on it can be explained by the experiences of Leon Trotsky and Mikhail Gorbachev. China's road to the socialist transformation hit a major eurodollar snag and threatens to do more than cause even emotional protesting. Eurodollar University's Money & Macro Analysis Twitter: https://twitter.com/JeffSnider_AIP https://www.eurodollar.university...

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When we think about the challenges facing an investor today, the big problems, the things we worry about that could cause a lot more harm than some interest rate hikes, are mostly outside the United States. China is prominent this weekend because of demonstrations against their zero COVID policies. The Chinese people appear to be pretty well fed up with the endless lockdowns and have finally decided to try and do something about it. Unfortunately, I’m not sure...

Overview: The surging Covid cases in China and the protests in several cities seemed to set the tone for today’s session. Equities are lower. China, Hong Kong, Taiwan, and South Korea were marked down the most. Of the large bourses, only India escaped unscathed. Europe’s Stoxx 600 is off more than 0.8% and US futures are poised to gap lower. Bond markets are quieter. The 10-year US Treasury yield is off a little more than one basis point to around 3.66%. European...

Crypto comparison website Bitstacker conducted a study which found that there was a 70% drop in Bitcoin millionaires in November 2022 when compared to January 2022 due to the ongoing ‘crypto winter’. 72,000 Bitcoin holders were no longer millionaires due to the drop in BTC prices from US$46,208 at the start of 2022 to US$15,759 at the time of the study in November. Bitstacker also found that there was some 3,577 accounts holding over US$10 million in Bitcoin, while...

Few seem alive to the potentially consequential financial risks arising from uncertainties evolving in China. One thing we know rather definitively is that markets don’t like uncertainty: uncertainty is Kryptonite to markets. Another thing we know is that the events unfolding in China are generating uncertainty on multiple levels.Whatever policy decisions are made, the potential consequences generate waves of profound uncertainty. Should authorities respond to...

The head of Credit Suisse’s Swiss division says that only a few clients are actually closing accounts at the bank. His comments after the troubled bank reported high customer fund withdrawals globally. “Some clients have withdrawn part of their funds, but only very few have actually closed their accounts,”  the CEO of Credit Suisse’s Swiss unit, André Helfenstein, said in an interview published in the SonntagsZeitung and Le Matin Dimanche. “We have only lost...

As of 2022 the national student debt reached $1.6 trillion with the average student loan debt at about $28,000. Many former college students are discovering it is difficult to pay back such a large amount of debt. This is especially true of students that graduate with fruitless degrees like sociology, for example. These majors are only good as prerequisites to a master’s degree. Most graduates find themselves working jobs that are completely unrelated to their...