SNB & CHF

GMOs are only permitted for research purposes in Switzerland, but opposition against a moratorium appears to be weakening. © Keystone/Christian Beutler The Swiss parliament has decided to ease restrictions on genetic engineering in agriculture, while extending in principle a moratorium for genetically modified organisms (GMOs) until 2025. The Senate on Tuesday asked the government to propose details for the use of gene editing techniques on plants and seeds by the...

Dave Lukas of Misfit Entrepreneur invites Stephen Flood, CEO of GoldCore, to the show. Dave and Stephen talk about what people should know before investing in gold and silver, the present state of inflation, central banking, and the monetary system. Further, he explains why gold is still your safe-haven asset and how it provides you with personal sovereignty. They also talk about cryptocurrencies and their future. Stephen also discusses some of the lessons he’s...

It is entirely accurate to say that the U.S. is addicted to waste and distant sources of essentials.The downside of dependency is in the air. The U.S. has allowed itself to become dependent on other nations for essentials, a policy that I view as an insanity fueled by greed. The problem with dependency is the cost can’t be calculated until it’s too late. Restoring independence is a massive, costly undertaking, but if you wait until the cost of dependency is clear to...

  Let’s examine winners and losers in the Ukraine crisis. Let’s start with the losers. The biggest loser are the people of Ukraine. They are being killed, injured, and maimed by the Russian invasion of their country. The invasion is also destroying their homes, businesses, and, well, their entire country.  The Ukrainian people are also the big losers because of the person they have as their president, Volodymyr Zelenskyy. Yes, I know, the U.S....

Zum Monatsbeginn schaffte es der BTC wieder über 40K. Doch seitdem der Konflikt zwischen Russland und der Ukraine eskalierte, ging es steil bergab. Auch der traditionelle Investmentmarkt verlor deutlich. Edelmetalle wie Gold und Silber wurden zu den großen Gewinnern. Bitcoin News: Märkte verlieren im Ukraine-Konflikt wiederIm Wochenvergleich verlor der BTC mehr als 12 Prozent und sank dadurch erneut auf ungefähr 38.700 US-Dollar. Damit wurde das Kursplus der letzten...

Crude oil prices rose over 25% last week and as I sit down to write this evening the overnight futures are up another 8% to around $125. Almost every other commodity on the planet rose in prices last week too, as did the dollar. Those two factors – rising dollar and rising commodity prices – mean the likelihood of recession in the coming year has risen significantly in just the last week. Rising oil prices, in particular, have been a regular feature of past...

Russian President Vladimir Putin (left) and Foreign Minister Sergei Lavrov have both had their assets frozen Keystone / Alexander Zemlianichenko The US, UK and EU have adopted sanctions aimed at freezing the assets of President Vladimir Putin and his foreign minister, Sergei Lavrov, in response to the war in Ukraine. They also plan to place sanctions on the Russian central bank and remove some of the country’s lenders from the SWIFT global payments system, in...

Aid workers load Swiss humanitarian relief supplies onto a train bound for Ukraine. Swiss Humanitarian Aid Unit Around 35 tonnes of emergency aid, including medical equipment and tents, sent from Switzerland to help victims of the war in Ukraine have arrived in the capital, Kyiv. “The aid is urgently needed for hospitals serving the Ukrainian population,” the Swiss Humanitarian Aid Unit (SHA) tweeted on Sunday. A large part of the humanitarian aid had been flown from...

The Swiss National Bank (SNB) has renewed the Statement of Commitment to the FX Global Code based on the revised version of the Code dated July 2021. By signing this Statement, the SNB attests that its internal processes are consistent with the principles of the FX Global Code. The SNB also expects its regular counterparties to comply with the agreed rules of conduct. The FX Global Code sets out principles of good practice in the foreign exchange market. It was first...