SNB & CHF

We’re Number One in wealth, income and power inequality, yea for the Fed and the Empire! If we avert our eyes from the electoral battle on the blood-soaked sand of the Coliseum and look behind the screen, we find the powers that matter are not elected: our owned by a few big banks Federal Reserve, run by a handful of technocrats, and the immense National Security State, a.k.a. the Permanent Government. These entities operate the Empire which hosts the electoral...

“Countries threaten to split apart when their people seem hopelessly divided…. We’re less united today than we’ve been at any time since the Civil War.” This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack. Original Article: “The Benefits of Secession Are Becoming Increasingly Obvious“. You Might Also Like The Disastrous Legacy of Woodrow Wilson [unable to...

Both private sector businesses and police departments believe there is a good chance there will be postelection unrest. Both groups are taking steps to protect themselves in case of riots. Some left-wing protest groups state they plan to do “whatever it takes” to make sure the correct candidate—i.e., Joe Biden—wins. The National Guard has mobilized in several states in anticipation of riots. It remains to be seen if this apocalyptic rhetoric proves to be well...

With all eyes on Washington DC, today, everyone should instead be focused on Europe. As we’ve written for nearly three years now, for nearly three years Europe has been at the unfortunate forefront of Euro$ #4. We could argue about whether coming out of GFC2 back in March pushed everything into a Reflation #4 – possible – or if this is still just one three-yearlong squeeze of a global dollar shortage. Either way, Europe gets at it first. In 2018, what had been...

Swiss-US trade has been booming in recent years. Would it be better for the Alpine country to stick with the current set-up or trust in a potentially more conciliatory new American president?   Swiss business with the US has never been better. Exports from Switzerland rose by a fifth between 2017 and the end of last year. Half of this trade was from the pharmaceutical and chemical sector. Precision tools, machinery and electrical manufacturing also saw trade with...

A woman living in a southern Swiss town noticed that people around her felt isolated and wanted to connect and share things but didn't know how. So she created the "smart village": a virtual town square. Monica Rush Solcà from the Italian-speaking region of Ticino set up a platform where people can meet and share things. The concept was later used in other towns in the region, with group members hosting events to advertise the service. --- swissinfo.ch is the...

Swiss Franc The Euro has risen by 0.05% to 1.0682 EUR/CHF and USD/CHF, November 4(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Initially, the markets built on Tuesday’s price action, but as soon as a few counties in Florida indicated that it was not going to be the “blue wave,” risk came off, and it was most evident in the bond and currency markets. Equities rallied in the Asia Pacific area, and all but Hong...

Image from Zerohedge The global coronavirus pandemic has accelerated several troubling trends already in force. Among them are exponential debt growth, rising dependency on government, and scaled-up central bank interventions into markets and the economy. Central bankers now appear poised to embark on their biggest power play ever. Federal Reserve Chairman Jerome Powell, in coordination with the European Central Bank and International Monetary Fund (IMF), is...

03.11.2020 – The consumer price index (CPI) remained stable in October 2020 compared with the previous month, remaining at 101.2 points (December 2015 = 100). Inflation was –0.6% compared with the same month of the previous year. These are the results of the Federal Statistical Office (FSO). The stability of the index compared with the previous month is the result of opposing trends that counterbalanced each other overall. Prices for clothing and footwear increased,...

© Erik Lattwein | Dreamstime.com On Sunday 1 November 2020, Geneva’s government announced the canton would go into semi-lockdown. Bars, restaurants and non-essential businesses in Geneva are set to close at 7pm on Monday 2 November 2020. Schools will remain open. Faced with surge in cases and a steep rise in hospitalisations, the government of Geneva decided to introduce stricter measures to stem the spread of the virus. Between mid-October and 1 November 2020, the...