SNB & CHF

With inflation at a forty-year high, it is the topic on everyone’s mind. US core inflation has reached 7.5 percent year over year, and the prices of certain goods, such as used cars and steak, are up as much as 50 percent over the past year. This is a major threat to the current administration, with a recent poll showing that 70 percent of Americans disapprove of Joe Biden’s handling of inflation. Inflation is incredibly unpopular with voters, and there is a strong...

The phenomenon of currency devaluation and its consequences is a process that not only occurred in modern times, but has much deeper roots, going back to antiquity. With the collapse of the Roman Republic, Caesar’s grandnephew Gaius Octavianus, renamed Augustus, rose to power and soon implemented a far-reaching monetary reform for the Roman common market. The old republican trimetallic system of different denominations of silver, brass, and bronze became a new...

Governor Ron DeSantis hat angekündigt, Steuerzahlungen mit Bitcoin und anderen Cryptocoins für Amerikaner mit Wohnsitz in Florida zu ermöglichen. Schon jetzt wurden staatliche Institutionen im Bundesstaat damit beauftragt, die notwendigen Infrastrukturen zu schaffen. Bitcoin News: Florida ermöglicht Steuerzahlungen in BitcoinDie Nachricht kam im Zusammenhang mit einem Gesetz, welches Schulklassen verpflichtend macht, die Schülern finanzielle und ökonomische...

The US Treasury yield curve inversion is EXPANDING. It has now subsumed the 3-year note under a tide of negative economic expectations. This is the monetary system's warning claxon, but are the authorities listening? (No.) ----EP. 205 REFERENCES---- Inversion Is The Real March Madness, Just Don’t Take It Literally: https://bit.ly/3JF2lLt Alhambra Investments Blog: https://bit.ly/2VIC2wWlin RealClear Markets Essays: https://bit.ly/38tL5a7 -----SEE ALL EPISODES----- Alhambra...

Each century presents its unique set of problems for lovers of freedom, peace, and prosperity. While the great vanguards of liberty in the twentieth century dealt with the looming shadow of centralization and were engaged in a battle against socialists and statists who argued for centralization and adjudication of individual liberty for the sake of universal material opulence, free markets with the fall of the curtain on the twentieth century have definitely shown...

President Biden on Thursday made two big admissions about the US-led economic sanctions on Russia. The first is that the sanctions will lead to food shortages for many countries other than Russia, and that this is simply the price that Americans ought to be forced to pay. The second admission was that sanctions haven’t worked to change Moscow’s policies, and that “sanctions never deter” the targeted regime from carrying out aggression. So, Biden has helpfully now...

In our new satirical format, we explore this ambivalence and say "sorry" to the world - for minor and major transgressions. Realised and developed by Swiss comedian, writer and director Patrick Karpiczenko, the segments are intended to inform and entertain, especially on social media. The first episode discusses the new museum built by the city of Zurich to display the art collection of controversial arms dealer Emil Bührle - a collection whose legitimate acquisition during...

Bitcoin is not a Ponzi Scheme, Bitcoin is a Pyramid Scheme Keith Weiner In Conversation With Daniel Lacalle about Bitcoin. He says: "Bitcoin is not a Ponzi Scheme, Bitcoin is a Pyramid Scheme" More about the Difference-https://www.investopedia.com/ask/answers/09/ponzi-vs-pyramid.asp

Severin Schwan is also CEO of Swiss pharmaceutical giant Roche. Keystone / Georgios Kefalas Credit Suisse announced on Monday that Vice-Chair Severin Schwan would not stand for re-election. This follows a reported rebellion by large shareholder groups at the Swiss bank. “Severin Schwan, who joined the Board in 2014 and has acted as Vice-Chair and Lead Independent Director since 2017, has decided not to stand for re-election,” Credit Suisse said in a statementExternal...

One of the most notable economists and social philosophers of the twentieth century, Ludwig von Mises, in the course of a long and highly productive life, developed an integrated, deductive science of economics based on the fundamental axiom that individual human beings act purposively to achieve desired goals. Even though his economic analysis itself was “value-free”—in the sense of being irrelevant to values held by economists, Mises concluded that the only viable...