SNB & CHF

Switzerland’s House of Representatives has approved the purchase of new F-35 fighter jets from the United States. The decision clears the path for Bern to sign the purchase contract, even though an initiative to prevent the deal has not been voted on by Swiss voters. Keystone-SDA news agency reported on Thursday that the majority was convinced the contract should be signed by the bid closing date: March 30, 2023. The jet purchase is part of the Army’s 2022 budget,...

The federal government’s Bureau of Labor Statistics released new price inflation data today, and the news wasn’t good. According to the BLS, Consumer Price Index (CPI) inflation rose 8.3 percent year over year during August, before seasonal adjustment. That’s the seventeenth month in a row of inflation above the Fed’s arbitrary 2 percent inflation target, and it’s six months in a row of price inflation above 8 percent. Month-over-month inflation rose as well, with...

We finally had a resolution, of sorts, in silver. Since April 13, we have had a falling price of silver (indicated as a rising price of the dollar, as measured in silver). And along with this price trend, a growing scarcity of the metal to the market (i.e. the cobasis, the red line). Indeed, the price (of the dollar) and silver scarcity move with uncanny coordination. Almost as if they are linked. 😉 Silver Basis and the Dollar This graph goes back one year, through...

Several former U.S. defense secretaries and retired generals recently published an open letter about the current political environment in America. The letter stated, among other things: “Military officers swear an oath to support and defend the Constitution, not an oath of fealty to an individual or to an office.” That’s just pure nonsense and self-delusion. Oh, sure, technically it’s true that military officers swear such an oath, but they don’t follow it. Instead,...

Die Energiekrise hat auch den Cryptomarkt erreicht. Gerade das Crypto Mining verschlingt viel Energie, die in der aktuellen politischen Lage teuer geworden ist. Doch trotz steigender Kosten hat die Bitcoin-Hashrate nun ein neues Allzeithoch erreicht. Bitcoin News: Bitcoin Hashrate auf Allzeithoch trotz EnergiekriseMit 6,28 Blocks pro Stunde ist die Hashrate in den vergangenen 7 Tagen auf einen Wert gestiegen, der bisher unerreicht war. Die Belohnungen für die Miner...

Overview: The capital markets are quiet today. Equity markets and bond yields have a slight upside bias, while the dollar is little changed. Despite reports that the lockdown in Chengdu is easing, Chinese equities underperformed in the Asia Pacific region. Japan, Hong Kong, Taiwan, and Australia eked out modest gains. After sliding around 2.4% over the past two sessions, the Stoxx 600 is up fractionally. US futures have edged slightly higher. The US 10-year yield is...

A reform of the Swiss old age pension system has lost ground but is still likely to win a majority in a nationwide vote later this month, pollsters say.  Worked in radio and newspaper journalism, as well as teaching and tourism before joining swissinfo.ch’s predecessor Swiss Radio International in the 1980s. He reports from parliament, and focuses on direct democracy issues. More from this author | English DepartmentUrs Geiser Support for a proposed ban on...

The cycles of The Fourth Turning, Fischer and Turchin are all in alignment at this point in history.. The 1997 book The Fourth Turning: An American Prophecy proposed a cyclical pattern of four 20-year generations which culminate in a national crisis every 80 years.The book identifies these dates as Fourth Turnings: 1781 (Revolutionary War), 1861 (Civil War) and 1941 (global war). add 80 years and voila, 2021. I use the term Fourth Turning generically to describe an...

The headline reads “Moscow World Standard to Destroy LBMA’s Monopoly in Precious Metals Pricing”. Wow! Could it be? Is this it?! The gold revaluation we’ve all been waiting for! Someone, who has the power, will give us a venue in which we can sell our gold at its true price… how does $50,000 sound, eh? Not so fast. Betting Against the Incumbent? For one thing, there are sanctions. If you’re a citizen of a Western country, there is a legal barrier between you and a...

Cutting down on fees for the grid connection could save consumers around CHF350 million ($365 million), according to Meierhans. © Keystone / Salvatore Di Nolfi By reducing grid connection fees and municipal duties, the federal government could help to keep electricity bills down, Stefan Meierhans told Le Matin Dimanche newspaper. Meierhans said it is possible for the government to change the framework conditions that would allow a lowering of fees for using the grid....