The ‘Fed put’ – gone until there’s blood in the streets Well, it’s happening. Bitcoin (and other cryptocurrencies are sharply down, along with equity markets in many advanced economies. And the Federal Reserve (the U.S. Central Bank) statement and press conference on Wednesday didn’t indicate any backing down from raising interest rates, maybe as soon as the March meeting. The Fed’s stance pivot from ‘the economy needs additional stimulus’ to ‘it is time to start...
Read More »The Cold War Racket Never Ended for the U.S.
There is something important to recognize about the Cold War: It was not ended by the U.S. government. Instead, it was ended by the Soviet Union. If it had been up to the U.S. national-security establishment, the Cold War would have gone on forever because it is the best racket in U.S. history, one that continually expanded the tax-funded largess, power, and influence of the Pentagon, the CIA, and the NSA. In a sense, the U.S. national-security establishment...
Read More »Price of wood pellets rises sharply in Switzerland
© Stocksolutions | Dreamstime.com The price of wood pellets in Switzerland is up 20% over the last 12 months, according to Patrick Schmutz, a wood pellet expert, reports RTS. According toSchmutz, the price rise is due to a cold 12 months, especially last spring, and the success of wood pellet heating. More and more pellet-based heating systems are being installed in Switzerland. In addition, global demand for wood has been high, particularly in the US where the...
Read More »Behind Klaus Schwab, the World Economic Forum, and the Great Reset: Part 2
Bob continues his series on Klaus Schwab, explaining the WEF’s plans for redesigning the world, and providing quotes from Schwab’s book on the fourth industrial revolution. Mentioned in the Episode and Other Links of Interest: Part 1 of this series The WEF’s bio for its founder, Klaus Schwab Schwab’s books The Fourth Industrial Revolution and Covid-19 and the Great Reset The WEF’s Global Redesign Summit and the Global Redesign Initiative Nick Buxton’s article on...
Read More »Nigerias staatlicher Cryptocoin bisher kein Erfolg
Schon einmal vom eNaira gehört? Die meisten Menschen würden mit Nein antworten. Selbst in der Crypto Community ist der Cryptocoin kaum bekannt. Doch der eNaira ist ein Cryptocoin, auf den jeder ein Auge werfen sollte, denn er ist einer der ersten staatlichen Cryptocoins des Marktes. Crypto News: Nigerias staatlicher Cryptocoin bisher kein Erfolg Nigerias Regierung hatte den eNaira vor wenigen Monaten als CBDC (Central Bank Digital Currency) gelaunched und damit eine...
Read More »FOMC Goes With Unemployment Rate While This Huge Number Happens To Far More Relevant Economic Data
The first time I can consciously remember using the term landmine was probably here in February 2019. I had described the same process play out several times before, I had just never applied that term. There was all sorts of market chaos in the final two months of 2018, including a full-on stock market correction, believe it or not, leaving the inflation and recovery narrative in near complete tatters. All that was missing by then was the economic data to confirm...
Read More »Should Investors Fear Fed Rate Hikes?
The prospect of Federal Reserve rate hikes continues to rattle Wall Street and cloud the outlook for precious metals. On Wednesday, the central bank strongly signaled it will raise its benchmark Fed funds rate for the first time in three years – likely at its March policy meeting. Policymakers noted that inflation is running “well above” target and also claimed a “strong labor market” justifies a degree of monetary tightening. “There’s quite a bit of room to raise...
Read More »After Today’s FOMC, Yield Curve Is Already As Flat As It Was In Mar ’18 **Without A Single Rate Hike Yet**
It’s not hard to reason why there continues to be this conflict of interest (rates). On the one hand, impacting the short end of the yield curve, the unemployment rate has taken a tight grip on the FOMC’s limited imagination. The rate hikes are coming and the markets like all mainstream commentary agree that as it stands there’s nothing on the horizon to stop Jay Powell’s hawkishness. And yet, on the other hand, growth and inflation expectations, the long end could...
Read More »After pandemic slump, Swiss exports boomed in 2021
[caption id="attachment_858217" align="alignleft" width="400"] Exporting, or perhaps importing, on the Rhine in Basel. © Keystone / Gaetan Bally[/caption] Swiss exports climbed to record levels in 2021, with chemicals and pharma driving much of the growth. Watches, especially luxury ones, also had a good year. Exports came to a total value of CHF259.5 billion ($284.5 billion) in 2021, marking a 15.2% increase on the pandemic year 2020 and a 7% increase on...
Read More »Behind Klaus Schwab, the World Economic Forum, and the Great Reset: Part 1
Bob starts a series looking into Klaus Schwab, founder of the World Economic Forum and, along with Prince Charles, proponent of the “Great Reset.” Mentioned in the Episode and Other Links of Interest: Klaus Schwab and Prince Charles promoting the “Great Reset” The World Economic Forum’s page on the Great Reset An example of a session from the WEF’s Davos Agenda 2021 conference The WEF’s bio for its founder, Klaus Schwab Schwab’s books The Fourth Industrial...
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