SNB & CHF

After a bout of inflation and “socialism-light”, we could end up with even more extreme inequality when the whole rotten structure collapses. Imagine owning a Buffett-Bezos fortune of bilious billions, or even 10% of these mega-fortunes, i.e. between $5 billion and $20 billion. Heck, imagine owning 1% of these mega-fortunes, i.e. $500 million to $2 billion. You’re extremely rich so you can buy the best advice. Your capital is mobile, and so are you. You can live...

Inflationism is that policy which by increasing the quantity of money or credit seeks to raise money prices and money wages or seeks to counteract a decline of money prices and money wages which threatens as the result of an increase in the supply of consumers’ goods. In order to understand the economic significance of inflationism we have to refer to a fundamental law of monetary theory. This law says: The service which money renders to the economic community is...

Writer, philosopher and long-time contributor to PeakProsperity.com, Charles Hugh Smith, returns to the podcast to explain the new socio-economic model he has just introduced to the world through his new book A Hacker’s Teleology: Sharing the Wealth of Our Shrinking Planet. The main mission behind Peak Prosperity is to focus on new, more regenerative and sustainable models that will better serve humanity than the old models which are currently falling apart. Charles posits a new way...

Writer, philosopher and long-time contributor to PeakProsperity.com, Charles Hugh Smith, returns to the podcast to explain the new socio-economic model he has just introduced to the world through his new book A Hacker’s Teleology: Sharing the Wealth of Our Shrinking Planet. The main mission behind Peak Prosperity is to focus on new, more regenerative and sustainable models that will better serve humanity than the old models which are currently falling apart. Charles posits a new way of...

It's the 50th anniversary of the women’s football league in Switzerland, and there's a special exhibition at Zurich's football club to celebrate women's participation in the sport. The first-ever women’s football club was founded in Zurich in 1968. Soon afterwards, other female football clubs began springing up across the country. A national women’s league was formed in 1970 and the first championship took place the same year. The Zurich team was eventually renamed...

It's the 50th anniversary of the women’s football league in Switzerland, and there's a special exhibition at Zurich's football club to celebrate women's participation in the sport. The first-ever women’s football club was founded in Zurich in 1968. Soon afterwards, other female football clubs began springing up across the country. A national women’s league was formed in 1970 and the first championship took place the same year. The Zurich team was eventually renamed FC Zurich Ladies in...

The public examines some of the 25 luxury cars seized by canton Geneva during a money laundering probe into Teodoro Obiang, the son of Equatorial Guinea’s President – but such seizures are rare, according to Thelesklaf. Keystone / Laurent Gillieron The former head of Switzerland’s anti-money laundering office says the country is failing to pull its weight in the fight against large scale corruption. Daniel Thelesklaf is convinced that billions of dollars are still...

Markets are starting the week in risk-off mode; the dollar is firm on some safe haven flows but this is likely to prove temporary US politics is coming in to focus as the election nears; we fear that the likely horse-trading and arm-twisting will take away any residual desire to get another stimulus package done The trend towards more restrictive measures continues with London in focus; between the virus numbers and Brexit risks, sterling remains under pressure China...

The Fed plans to keep interest rates near zero, while monetizing debt, financing zombie companies, and pouring new dollars into the market. But that may not be enough. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack. Original Article: “The Fed Is Planning Another Ultralong Period of Ultralow Rates“. You Might Also Like Walter Berns and the Cult of “Patriotic”...

Savings are the foundation for a productive and advanced economy. Unfortunately, governments insist on policies that make it harder for ordinary people to save. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros. Original Article: “The Saving Problem in America: Alternatives and Reforms“. You Might Also Like What Germany Must Do for a Speedy Recovery On June...