Die nächste Crypto-Plattform hat sich den internationalen Sanktionen gebeugt und wird russische Nutzer von seinem Dienst ausschließen. Am 27. Oktober tritt die Regelung in Kraft – sie wird dazu führen, dass Konten mit Verbindungen zu Russland blockiert werden. Crypto News: Blockchain.com wird russische Crypto-Konten blockenBis zum fälligen Datum können allerdings noch die Mittel in den Konten auf Blockchain.com ausgezahlt werden. Diese Option verfällt jedoch nach dem...
Read More »Week Ahead: Focus Shifts away from the US after Robust Jobs Data and Stronger than Expected Inflation
The latest US employment and inflation figures are passed. The market is confident of a 75 bp rate hike next month. While a 50 bp in December is still the odds-on favorite, the market has a slight chance (~15%) of a 100 bp move instead after the robust jobs report and stronger-than-expected September CPI. The implied yield of the December Fed funds futures has ground higher for 12 consecutive sessions to about 4.23%. After two straight quarters of contraction, the...
Read More »Interview with Jakub Bożydar Wiśniewski
In today’s world, dominated as it is by the ephemeral, the superficial, and the inconsequential, it can be hard for a rational, dispassionate observer to make sense of what is going on—politically, socially, economically, and philosophically. It is that last aspect that gets the least “oxygen” in mainstream media, in public education, and in pretty much all debates and disagreements we grapple with as a society. Perhaps the very discipline of Philosophy, academically...
Read More »Swiss want more transparency in fight against money laundering
Switzerland has been criticised for turning a blind eye to legal advisors and others who allow wealthy people to hide their money. © Keystone / Gaetan Bally The Swiss government has asked the finance ministry to draft a bill to increase transparency of beneficial owners of legal entities to help tackle financial crime. The bill should introduce a central register for identifying beneficial owners and new obligations when it comes to risks of financial crime, the...
Read More »Die Endzeit individueller Freiheit – ist es soweit?
Schon länger sind Entwicklungen zu beobachten, die eine kaum zu unterschätzende Gefahr für Leben, Freiheit und das Streben nach Glück darstellen, wie etwa eine zunehmende Politisierung aller Lebensbereiche, die Verbreitung kollektivistischer Denkhaltungen oder der Trend zum digitalen gläsernen Menschen. Derzeit erleben wir die Phase, in welcher diese Entwicklungen die nächste Eskalationsstufe erreichen und durch vermehrte Verzahnung untereinander noch gefährlicher...
Read More »What If Everyone’s Wrong (Just Long Enough to Blow Up Their Account)?
Trying to restore a system that is spiraling away from equilibrium with new extremes of obsolete, misguided policies only accelerates the swings from apparent stability to cascading chaos. The conventional view of the market is there are two sides to every trade and one is right and the other is wrong.The punters who correctly read the tea leaves and who were right scored gains on their trade and those punters whose forecast was wrong lost their bet. But what if...
Read More »Rick Rule – Gold Helps Me Sleep at Night
“The US dollar’s strength isn’t so much a function of the strength of the US economy or US political leadership, but rather, the fact that we’re competing in a horse race against a bunch of other horses that are completely lame.” Rick Rule – Rule Investment Media The former President and CEO of Sprott, was last on the show at the beginning of February, so it’s an understatement to say he and GoldCore TV host Dave Russell had a few things to catch up on! From US...
Read More »“The British people are politically homeless – Part II”
Interview with Godfrey Bloom: Part II of II (click on this link for Part I) Claudio Grass (CG): With everything that’s been going on, it could be argued that very few of Liz Truss’s predecessors had worse luck in their first month in office. The Queen’s death dominated international mainstream media for weeks and it reignited a lot of old debates about Britain’s past and about the monarchy itself. What is your own view on the monarchy? Is it just a...
Read More »Dollar Recovers from Yesterday’s Stunning Reversal, but has Sentiment Turned in North America?
Overview: There has been little follow-through dollar selling so far today after yesterday’s dramatic downside reversal after the initial flurry of buying in response to the stronger than expected US CPI. Still, the upticks look corrective in nature and the intraday momentum indicators are stretched, raising the prospect of new sales by North American operators today. The sharp recovery in US equities did carry over into Asia and Europe where most bourses are ending...
Read More »Thanks to the Fed, You’ll Work More this Year to Keep Last Year’s Standard of Living
According to the establishment survey of employment, released last week by the Bureau of Labor Statistics, total employment increased, month-over-month by 263,000 jobs. The “job market stays strong” reads one CNBC headline, and the new jobs print was hailed as a great achievement of the Biden Administration by MSNBC pundit Steve Benen. Yet, the employment data is possibly the only data that looks good right now, and that’s not much comfort since employment is a...
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