SNB & CHF

http://financialrepressionauthority.com/2021/10/08/the-roundtable-insight-charles-hugh-smith-on-the-failure-of-the-federal-reserve-and-rising-secular-inflation/

Der BTC legte gestern weiter zu und nahm die psychologisch wichtige Marke von 50.000 US-Dollar spielend. Im Anschluss kam es zu einer kleinen Rallye, die im Tagesvergleich ein sattes Plus von 7 Prozent ausmachte. Wie weit könnte der Preis noch steigen? Bitcoin News: Bitcoin-Preis wieder über 50K Die kleine Rallye erfasste den Markt gestern Nachmittag. Innerhalb von ungefähr zwei Stunden stieg der Preis von etwa 50.000 auf fast 55.000 US-Dollar. Nachdem die Marke von...

Paradeplatz in Zurich, the Swiss financial heartland © Keystone / Gaetan Bally Switzerland is still number one in terms of wealth management internationally, despite the growth in new assets slowing in 2020, according to consulting firm Deloitte. The company found that overall, “the leading centres of international wealth management did surprisingly well during the Covid-19 pandemic”. Switzerland managed some $2.6 trillion (CHF2.4 trillion) in international assets in...

For central bankers and mainstream analysts the recent inflation outburst is only a transitory phenomenon which has nothing or very little to do with the massive monetary and fiscal stimuli unleashed during the pandemic. Although the Fed has recently conceded that price pressures are persisting longer than expected, the surge of inflation is allegedly due to supply bottlenecks caused by the pandemic. This superficial diagnosis serves as a convenient excuse for...

Getting impatient: it’s been a difficult few years for the show. Keystone / Salvatore Di Nolfi For the third year running, the Geneva International Motor Show will not take place in 2022 due to ongoing health concerns as well as supply shortages in the automotive sector. The decision comes just a week after organisers had in fact given the all-clear for the 2022 edition to take place from February 19-27 next, following Covid-induced cancellations in 2020 and 2021. On...

The era of abundance was only a short-lived artifact of the initial boost phase of globalization and financialization. Global corporations didn’t go to all the effort to establish quasi-monopolies and cartels for our convenience–they did it to ensure reliably large profits from control and scarcity. Not all scarcities are artificial, i.e. the result of cartels limiting supply to keep prices high; many scarcities are real, and many of these scarcities can be traced...

Why does the dollar bill in our pockets have value? According to some commentators, money has value because the government in power says so. For other commentators the value of money is on account of social convention. What this implies is that money has value because it is accepted, and why is it accepted? … because it is accepted! Obviously, this is not a good explanation of why money has value.1 The difference between Money and Other Goods Now, demand for a good...

Overview: The animal spirits have been reanimated today. Encouraged by the dramatic reversal in oil and gas prices, a deal in the US that pushes off the debt ceiling for a few weeks and talk of a new bond-buying facility in the euro area spurred further risk-taking today, ahead of tomorrow’s US employment report. The sharp upside reversal in US shares yesterday carried over in Asia and Europe today. The Hang Seng, battered lately, jumped over 3%, and the Nikkei...

Tom welcomes back Keith Weiner, to the show. Keith is the President & Founder of Gold Standard Institute USA and CEO of Monetary Metals. To subscribe to our newsletter and get notified of new shows, please visit http://palisadesradio.ca Keith discusses how economists and experts tend to say the strangest things and most of their statements don't pass basic scrutiny. Gold has been accumulated for the last 5000 years as a result physical scarcity is not possible. Gold is not consumed...

Paper or digital? Changing times for the media in Switzerland... Keystone / Alessandro Della Valle - Click to enlarge A cross-party group has handed in signatures opposing a support package for the media passed by parliament in June. The “no to state media” group handed in some 113,000 signatures on Wednesday, more than double the amount needed to force a referendum under the Swiss direct democracy system. The opponents say the law is unconstitutional and a waste of...