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SNB & CHF

The Real Policy Error Is Expanding Debt and Calling It “Growth”

Waste is not growth, and neither are the unlimited expansion of debt and speculative bubbles. The financial punditry is whipping itself into a frenzy about a Federal Reserve “policy error,” which is code for “if the music finally stops, we’re doomed!” In other words, any policy which reduces the flow of juice sluicing through the sewage pipes of the financial system (credit, leverage and liquidity–the essential mechanisms of financialization and globalization)...

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Ask Bob: Is Maxing Out Your 401k A Good Investment Decision?

Since the beginning of 401(k) plans in 1978, people have considered it to be the quintessential retirement plan—you get to save money before taxes and in most cases, the company puts money into your account, too. What could be better than that? But now, 44 years later, it’s time to take a broader look at 401(k)s that considers taxes on 401(k) distributions. 401(k)s certainly have a place in your investment plan. Most employers offer some kind of match up to a...

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No Need to Meet With Dictators

By now, most everyone knows about President Biden’s famous “fist bump” with Crown Prince Mohammed bin Salman, the Saudi dictator who has been accused of orchestrating the brutal murder of Washington Post columnist Jamal Khashoggi when he visited a Saudi consulate in Turkey. The fist bump took place during Biden’s trip to Saudi Arabia to meet with bin Salman. Biden supporters claim that meeting dictators is sometimes a necessary part of being president. Since Saudi...

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Toleration Does Not Require Calling Evil Good

In the early morning of July 6th, an explosion damaged a monument in Georgia known as the Georgia Guidestones. Because of the damage, the rest of the monument was demolished for safety reasons. The stones were erected by anonymous donors in 1980 and list ten principles for humanity. At the time of writing, it seems that the explosion was the result of purposeful sabotage. Writing at Marginal Revolution, Alex Tabarrok compares the willful destruction of the monument...

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What the Heck Is Happening to Silver?!

The dollar rose this week, from 17.87mg gold to 18.24mg (that’s “gold fell from $1,740 to $1,705” in DollarSpeak), a gain of 2.1%. In silver terms, it rose from 1.61g to 1.67g (in DollarSpeak, “silver dropped from $19.24 to $18.64), or 3.7%. As always, we want to look past the market price action. Two explanations are hot today. Let’s look at them first, before moving on to our unique analysis of the basis. JP Morgan and Motte and Bailey JP Morgan’s manipulation of...

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The Euro Dollar University Breakdown Jeff Snider || Inflation & Recession Bear Market

The Euro Dollar Breakdown Jeff Snider, Inflation & Recession Bear Market . Jeff Snider is one of the foremost experts on the global monetary system, specifically the eurodollar money system, and all aspects of its misunderstood inner workings and how they impact global markets, commerce, and economy. Jeff snider breakdown the cause of the euro dollar and inflation. #jeffsnider#recession DISCLAIMER : I am not a financial advisor. The ideas presented in this video are for entertainment...

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The Dollar is on its Back Foot

Overview: The dollar’s downside correction continues today, helped by hawkish signals from the Reserve Bank of Australia and unnamed sources who have played up the chances of a 50 bp hike by the European Central Bank on Thursday. Asia Pacific equities were mixed, and mostly lower after the losses in the US yesterday. The prospect of a more aggressive ECB is weighing on European equities. The Stoxx 600 is slightly lower after rallying 2.7% in the past two sessions....

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