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SNB & CHF

Jeff Snider Talks History Pre-GFC, Debt, Banks, Balance Sheets, FED, The System (RCS 179)

Interview original date: July 22nd, 2021 Topics- Dollar denominated debt got to an extreme in the shadows prior to the GFC, velocity slows down so there’s not enough dollars out there. How do we get ore money into the system? Bank balance sheet expansion, 2007, risk, bank balance sheet contracted. Counterparty risk, self-reinforcing process, chain reaction, how would the FED stop balance sheets from shrinking? Collateral, derivatives, credit default swaps, maintaining bank balance...

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Keith Weiner: A Lot Of People Are Buying Gold, Forced Selling Is The Problem | Gold & Silver

▶︎1000x – Enter your Email ▶︎ https://bit.ly/3WgnDWs ▶︎ Subscribe to this YouTube channel ▶︎ https://bit.ly/CompactSilverNews_subscribe ▶︎ Join the official 1000x Telegram channel! Join us on the road to 1000x: https://t.me/official1000x Keith Weiner is the founder and CEO of Monetary Metals, an investment firm that is unlocking the productivity of gold. Keith also serves as founder and President of the Gold Standard Institute USA. His work was instrumental in the passing of gold...

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Wird Binance eine eigene Bank kaufen?

In der Vergangenheit gab es immer wieder Probleme mit traditionellen Finanzdienstleistern, die ihre Partnerschaft mit Binance an diverse Bedingungen knüpften. Binance könnte sich nun dazu entschlossen haben, diese Bedingungen zu umgehen, in dem die Cryptobörse einfach seine eigene Bank kauft. Crypto News: Wird Binance eine eigene Bank kaufen?Binance CEO Zhao hatte zuletzt angekündigt, bis zu eine Milliarde US-Dollar in „Acquisitions“ in den kommenden Monaten...

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Fed’s Hawkishness Roils the Capital Markets

Overview: The Fed delivered the expected 75 bp rate hike, and although it says it will take into account the cumulative effect of past hikes and their lagged impact, the takeaway has been a hawkish message. Risk appetites have evaporated. The dollar is stronger, while stocks and bonds have been sold. Japan’s markets were spared due to the national holiday, but the other large markets in the area were sold, lead by the 3% decline in the Hang Seng. Europe’s Stoxx 600...

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Swiss National Bank, Banque de France, Monetary Authority of Singapore and BIS Innovation Hub to explore cross-border trading and settlement of wholesale CBDCs using DeFi protocols

Project Mariana explores automated market makers (AMM) for the cross-border exchange of hypothetical central bank digital currencies (CBDCs) in Swiss francs, euros and Singapore dollars between financial institutions to settle foreign exchange trades in financial markets. Mariana uses decentralised finance (DeFi) protocols to automate foreign exchange markets and settlement, potentially improving cross-border payments (and supporting a priority of the G20). Today,...

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Court increases fines against Swiss art collector

Schwarzenbach (left) leaving a court building back in 2017. © Keystone / Walter Bieri A court in Zurich has rejected an appeal by the renowned Swiss art collector and financier Urs Schwarzenbach in two cases of tax evasion in connection with the import of works of art. The court also decided to increase from CHF8.5 million ($8.5 million) to 9.6 million the fines compared with a previous court verdict, it was announced on Monday. Judges also massively increased...

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Expanding IRS Tyranny to Reduce Inflation

One of the interesting aspects of President Biden’s Inflation Reduction Act was the allocation of $80 billion in increased funding for the Internal Revenue Service, one of the most powerful and tyrannical agencies in U.S. history. The money is intended to be used for enhanced tax enforcement, especially through the potential hiring of 87,000 new IRS agents who, to borrow a phrase from the Declaration of Independence, will be further eating out the substance of the...

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Private versus Government Health Insurance: They Are Not the Same

Insurance is a market institution—i.e., it emerged through voluntary exchange aiming at satisfying the needs of the parties involved. Private health insurance should not be mistaken for public health insurance, which constitutes an element of a state’s social policy. They differ to such a great extent that one can even claim that the latter is a contradiction of the former. This essay will show the most notable differences between them. The Main Differences Firstly,...

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An absurd summation of absurd history for an absurd day. If only it wasn’t so serious.

The Fed is obviously getting close to the pivot, but Powell has to say they're not pivoting because if you and I believe they are he believes our belief will undo all the tightening from when we all believed the Fed was tightening. Rational sense has no place here in Kafka's domain. And you thought this was about money or economy? Eurodollar University's Money & Macro Analysis Twitter: https://twitter.com/JeffSnider_AIP https://www.eurodollar.university...

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