Tag Archives: Featured

Sygnum bank is extending its reach into Web3 and decentralised services by launching in the Decentraland metaverse. Sygnum Swiss digital assets bank Sygnum will open a branch in the metaverse to reach more clients seeking blockchain-based financial services. Sygnum was one of two banks that were awarded licenses in 2019 to connect traditional finance with cryptocurrencies and the blockchain. Blockchain and other Distributed Ledger Technology (DLT) databases provide a...

It would be easy for those who have decided to buy gold and silver bullion to lose heart over the precious metals, had they seen how prices reacted to Chairman Powell’s comments, last week. However, to do this would be very short-sighted. Whilst Powell may well have signaled that the Fed will stay on this path of tightening this does not mean that they have resolved the issue. Rather, it likely means that the Fed is reacting a little too hard, a little too late and...

Der Markt stagniert derzeit. Angeführt von Bitcoin kam es in den letzten 48 Stunden nur zu kleineren Kursbewegungen. Nun deutet sich aber bei einigen Altcoins eine Trendwende an. Besonders Ethereum Classic sticht hervor, mit einem neuen Allzeithoch bei der Hashrate. Ethereum News: Ethereum Classic Hashrate auf neuem AllzeithochMitte August erreichte der Kurs für den ETC ein Zwischenhoch mit 44,50 US-Dollar. Damit lag der Cryptocoin nur noch 10 Prozent unter seinem...

Federal Reserve chairman Jerome Powell is talking tough and warning of more interest rate pain to come. At the same time, Fed officials are now admitting that their sized-up rate hikes won’t even be sufficient to tame the price inflation they have helped create. That’s because fiscal policy under the Joe Biden administration has gone off the rails. Over the weekend, the Federal Reserve Bank of Kansas City released to the public a white paper titled “Inflation as a...

While some conservatives are criticizing President Biden for hiring 87,000 new well-armed IRS agents under the guise of fighting inflation, I’ve got a better idea: Let’s just abolish the IRS and, at the same time, end the federal income tax.  The idea is actually not as radical as it sounds. It certainly wouldn’t have sounded radical to Americans who lived here in the United States from 1776 to 1913. For virtually that entire period of time, Americans lived without...

Solar energy systems supplied 6.5% of the electricity required in Switzerland in the first half of 2022 © Keystone / Jean-christophe Bott Fears of an electricity shortage in Switzerland appear to have had a positive effect on the expansion of solar energy. The Swiss Federal Office of Energy (SFOE) expects the market to grow by around 50% in 2022. New photovoltaic construction in Switzerland rose by 43% to 683 megawatts in 2021, revealed SFOE statistics on solar...

History matters, especially as the New York City today faces still another subway crisis. The New York subway system’s history illustrates the failures of state enterprise. The subways have been bad for so long that few know when the subways were “an engineering marvel.” That was when subway private management companies made money, about a century ago. Today there’s consensus the red-ink government subways are a nightmare. The state agency operating them has wasted...

I’m back from Geneva where, among other things, I briefly visited the headquarter of the World Economic Forum (WEF) to express my appreciation for this organization. Check out my picture :-). In addition I enjoyed a conversation with Jose El Niño – you will find the podcast under the below link. Claudio Grass, Switzerland If you want to listen, please click on the following link to the podcast:...

The strong franc only goes so far in protecting Switzerland from inflation. © Keystone / Gaetan Bally The cost of goods and services in Switzerland rose 3.5% in August compared to the same month last year, but the inflation rate still remains below that of many other countries. Prices for imported goods leapt 8.6%, according to the Federal Statistical Office (FSO), while domestic products went up 1.8%. Rising energy and fuel costs are the main drivers of inflation –...

Listen to the audio version of this article here. The price of silver hit a peak over $26.50 on March 8. It spent about a month and a half breaking down, and then the bottom fell out. It’s currently down from that peak almost 8 bucks. Breaking Down Fundamental Silver Prices However, the opposite has been happening to silver’s scarcity. First, let’s look at a chart of the silver market price and the silver fundamental price. The market price is down a lot since that...