SNB & CHF

The Wall Street Journal reported on September 22 that Turkey’s central bank cut that country’s benchmark interest rate to 12 percent from 13 percent, pushing the Turkish lira lower as much as 0.4 percent against the dollar to a new record low after the decision. One US dollar recently bought 18.3866 lira. The bank of Prime Minister Recep Tyyip Erdoğan made its move the week following Drs. Hans and Gülçin Hoppe’s sixteenth annual Property and Freedom Society salon in...

While the world was focused on the UK and its gilt-y pound, the warning signs were everywhere how this was and remains eurodollar business. Global dollar shortage, emphasis on "global." Now Switzerland has seen US$ funding eroded within its borders - or maybe from outside - to the point the SNB is activating US$ swap lines with the Fed. Either way, sure seems like that escalating third deflationary wave markets (*especially* Japanese bills) have been warning about. Eurodollar...

Special Coverage from the New Orleans Investment Conference - Keith Weiner, CEO of Monetary Metals discuss how massive buying pressure is pushing gold & silver higher, QE in England, a FED Pivot, the USD & more. Guest: Keith Weiner, CEO Company: Monetary Metals Twitter: @RealKeithWeiner Youtube: @Monetary Metals Brought to you by: Victoria Gold Corp. (TSX: VGCX) #gold #silver DEUTSCHE GOLDMESSE November 18 & 19, 2022 in Frankfurt, Germany www.deutschegoldmesse.com...

Interview original date: July 22nd, 2021 Topics- Banks that don’t have reserve accounts with the FED (foreign banks etc): If you transfer dollar liabilities from a US bank to a credit union/foreign bank, what asset is transferred to match up those liabilities if the foreign bank/credit union doesn’t have a reserve account with the FED? Deposits, cash equivalents, bank money, foreign transactions, dollars, eurodollars, interbank methodologies/processes, settling claims, CHIPS,...

Overview: The dramatic moves spurred by the BOE maintaining the end of the week deadline for its Gilt purchases, which have been quite modest given its wherewithal, have calmed. Sterling is firmer on the day, though long-end Gilt yields are higher. The dollar has pushed above JPY145.90, where the BOJ intervened last month. Risk appetites more broadly appear to have stabilized, but we suggest it may be a modest bout of position adjusting ahead of tomorrow’s US CPI....

Dixit Joshi ‘loves solving big, complex financial problems’, according to one acquaintance CS As daunting first weeks go, Dixit Joshi’s takes some beating. After a weekend of damaging speculation on social media about the impending collapse of Credit Suisse, Joshi started as the bank’s chief financial officer last Monday with its share price plumbing new lows and a gauge of default risk spiralling higher. The British-South Africa banker turned up to his first...

Was haben das unbegrenzte Gelddrucken und das Corona- und Klima-Regime gemeinsam? Offensichtlich ist Ersteres die Voraussetzung für Letztere: Ohne die Möglichkeit für Regierungen, willkürlich Geld aus dem Nichts zu schaffen, könnte es weder die Corona-Lockdowns noch die Wende hin zu ineffizienten und unzuverlässigen Energiequellen geben, weil dann die Menschen die wirtschaftlichen Folgen dieser Politik direkt im Portemonnaie spüren würden. Aber die Parallele geht...

In this interview, Bill Bonner - founder of Agora Inc; one of the largest and most influential publishers in the world - talks about global instability, its causes, and will share ideas about how to protect your wealth with precious metals. Join Strategic Intelligence Australia: https://pro.fattail.com.au/m/2088660 Interview recorded August 2022 Get FREE insights from Bill and Brian straight to your inbox as part of the Daily Reckoning Australia:...

We are living through a particularly bad moment in history for free markets and capitalism. Government, not business, is promoted as the solution to all problems. Young people have never known any other environment, and one of the consequences is the skepticism about capitalism that they learn in school, college, and university. One solution to this problem lies in better business education — shaping how young minds think about business by shedding light on the...

Here we are again in the final quarter of the year when thoughts turn to Thanksgiving and Christmas and… reviewing your financial house. Oh, that’s not on your list? Well, let’s put it there because financial issues cannot be on automatic pilot. Things change and you need to keep current. Here are 16 items you need to review before the end of the year. Tax Loss Harvesting No one wants to pay more taxes than necessary (at least no one I know) and harvesting capital...