SNB & CHF

Since I am an economist and my school year is not too far along, my classroom discussion of how all of economics traces back to the fact of scarcity (the combination of limited resources, which implies a limited ability to produce, along with wants that always exceed the amount that can be produced) facing everyone was quite recent. That was why Brad Polumbo’s recent article, “What AOC and Nina Turner Get Wrong about the ‘Scarcity Mindset,’” so quickly drew my...

CEO of Monetary Metals Keith Weiner gave a talk at the New Orleans Investment Conference on how to build and destroy a pension fund system in 22 easy steps. If you’d like to see an excellent case study of these steps in action, see the United Kingdom. Let’s lay out the 22 easy steps from start to finish. Read the full article here: https://monetary-metals.com/destroy-pension-fund-22-steps/ Earn Interest on Your Gold and Silver with Monetary Metals 🏆 Gold Fixed Income...

BUY SILVER & GOLD and support this channel! Personal service, competitive pricing, and over three-decades in business. CALL US: 1-888-81-LIBERTY (1-888-815-4237) or email your name and phone number to [email protected] For four decades, interest rates have been falling. To make returns in such an environment, financial institutions and pension funds have had to leverage themselves to unprecedented levels. These distortions have largely been allowed due to an abandonment...

With inflation recently hitting a high not seen since 1981, it is now apparent that the factors that drove the disinflation trend of the last four decades are coming to an end. Globalization and demographics, the two big factors that combined to hold down prices and wages for so long, are reversing, and so too is the downtrend in prices, wages, and interest rates. While 1970s levels of inflation seem unlikely, several trends are converging to keep upward pressure on...

Hu Jintao wasn't just Xi Jinping's predecessor. Hu was a technocrat who represented a different method for pursuing the Chinese socialist agenda, one that shared more in common with the rest of the world. Making an example of him in front of the external cameras, the message is equally chilling as it is historic for all the wrong reasons. Eurodollar University's Money & Macro Analysis Twitter: https://twitter.com/JeffSnider_AIP https://www.eurodollar.university...

Did Jerome Powell blink last Friday? It was just before the market open Friday and interest rates were jumping higher, as they had all week. The 10-year Treasury yield was up to 4.33%, another 11 basis points higher than the previous close and 32 basis points higher than the previous week’s close. Then, “the article” hit the front page of the WSJ: Fed Set to Raise Rates by 0.75 Point and Debate Size of Future Hikes By Nick Timiraos The article led with this quote:...

Overview:  Japanese efforts to curb the weakness of the yen provided drama today. What many suspect was intervention before the weekend was wearing off and officials may have sold dollars again today in front of JPY150. Despite initial success, the dollar is back near JPY149.50 as the North American session is about to begin. The end of the Chinese Congress has seen the yuan weaken to new lows. While the large bourses in the Asia Pacific region rose, China and Hong...

Parmelin said that before the end of March next year the risk of a shortage was very small © Keystone / Jean-christophe Bott Swiss Economics Minister Guy Parmelin assumes the energy crisis will last several years. It is important, he says, not only to think about the winter, but to do everything to ensure that Switzerland produces more energy – that means more renewable energies and greater efficiency. In 2023 and 2024 Switzerland will still be dependent on oil...

Wealth managers around the world are still reluctant to invest in cryptocurrency on behalf of their clients amid concerns over the lack of regulation, the lack of education as well as high volatility, a new study by American asset management company Mercer found. The survey, which polled 125 wealth managers worldwide, found that just 8% of participants indicated having invested in crypto for their customers. Wealth managers in Europe were found to be the most open to...

Many people have struggled to make ends meet during the pandemic © Keystone / Christian Beutler A 48-year-old businessman in Geneva has been given a two-year suspended prison sentence for making a fraudulent claim for a Covid loan that was 100 times the correct amount. He was found guilty of fraud and forgery of documents. “You expressly deceived the authorities in connection with the coronavirus pandemic,” the judge at Geneva Criminal Court said on Friday. “Your...