In Kanada hat Premiere Minister Trudeau eine Art Notfallsituation im Zusammenhang mit Trucker-Protesten ausgerufen. Diese Maßnahme erlaubt es der Regierung Bankkonten ohne Gerichtsbeschluss zu beschlagnahmen. Doch wie versucht die kanadische Regierung an die Bitcoin-Spenden an die Trucker des Freedom Convoys zu kommen? Bitcoin News: Bitcoin-Spenden an Freedom Convoy auf Blacklist Ohne die Keys für Bitcoin-Wallets, kommt die Regierung zwar nicht an die gespendeten...
Read More »Glencore sets aside $1.5bn to settle UK, US and Brazil probes
Glencore says that the market is deteriorating for lead smelters with no active mine. (Image of Sudbury nickel smelter.) Courtesy of Glencore. Glencore expects to resolve bribery and corruption investigations in the UK, US and Brazil this year and has set aside $1.5 billion (CHF1.4 billion) to cover potential fines and costs. Neil Hume, Financial Times News of the provision came as the London-listed miner and commodity trader announced record earnings on the...
Read More »How Empires Die
When the state / empire loses the ability to recognize and solve core problems of security and fairness, it will be replaced by another arrangement that is more adaptable and adept at solving problems. From a systems perspective, nation-states and empires arise when they are superior solutions to security compared to whatever arrangement they replace: feudalism, warlords, tribal confederations, etc. States and empires fail when they are no longer the solution, they...
Read More »How Not to Think About Gold
Monetary Metals has been covering gold and silver markets for over ten years. Throughout that time, there’s been no shortage of new and old commentators talking about the drivers of gold and silver prices. Unfortunately, the vast majority of this analysis is just plain wrong. Whether it’s a company trying to sell you something, or a big investment bank. Gold and silver defy conventional commodity analysis. And plotting the gold price against the money supply, or...
Read More »SNB Jordan: Strong Swiss Franc limits Swiss inflation
SNBs Jordan Strong CHF limits swiss inflation See no sign swiss wage price cycle Inflation stubbornly above 2% would lead to policy tightening Difficult to say whether global rates have turned, much still depend on economic development CHF has remained stable in real terms Asked about real estate prices, Jordan says monetary policy aims primarily at price stability The SNB is not investing in crypto currencies The USDCHF has moved to new session lows (higher CHF)...
Read More »What to do with abandoned stables? A thorny issue in Switzerland
This old farm building in the Valais has been converted into a holiday home. Hallenbarter AG Many people dream of owning a mountain home, especially in Switzerland, where the Alps are within easy reach of major towns and cities. But few come on the market and, when they do, they can be quite expensive. Trained as a picture journalist at the MAZ media school in Lucerne. Since 2000 she has worked as a picture editor in various media concerns and as a freelancer....
Read More »When Higher Prices Are Not Inflation
Monetary inflation results in a general rise in prices, often called “price inflation.” But rising prices are not always “inflation.” In any case, more government regs and subsidies won’t help. Original Article: “When Higher Prices Are Not Inflation” Back to 2020, the federal government’s covid-mandated shutdown of meat production plants hobbled the nation’s meat production capabilities, leaving farmers with nowhere to send their beef. This resulted in them...
Read More »Weekly Market Pulse: Are We There Yet?
I’ll just get this out of the way right at the beginning. The question in the title of this post refers to the end of the ongoing stock market correction and the answer is likely no. There are no sure things in this business so it isn’t an unequivocal no, but based on history, the odds favor more weakness. I know a lot of people liked that rally into the close on Friday and it was a nice way to end a wild week but it also shows that traders/investors are all too...
Read More »Russland wird Bitcoin nicht verbieten
Viele Staaten haben die Schrauben zuletzt angezogen und den Cryptomarkt angezählt. Auch in Russland wurden Stimmen laut, die ein komplettes Verbot forderten. Da hier sogar die russische Zentralbank involviert war, wurde befürchtet, dass Bitcoin und Co. schon bald in Russland verboten werden könnte. Nun gibt es jedoch Entwarnung. Bitcoin News: Russland wird Bitcoin nicht verbieten Die russische Regierung selbst hat angekündigt, kein Verbot auszusprechen – und damit...
Read More »Switzerland remains in top 10 for lowest corruption
[caption id="attachment_858222" align="alignleft" width="400"] © Szabolcs Stieber | Dreamstime.com[/caption] Switzerland was ranked tenth in the latest 2021 Corruption Perception Index (CPI) published by Transparency International this week. The index ranks 180 countries and territories around the world by their perceived levels of public sector corruption, with results ranging from 0 (highly corrupt) to 100 (very clean). This year’s...
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