So one index or asset or another hits a new high, wow, more proof everything is so robust and healthy, we never had it so good–right up to the seizure and collapse. Some readers occasionally make the point that I’ve been predicting a market crash for ten years and been dead-wrong for ten years. I’m all for mocking presumptuous pundits of either the tin-foil hat or mainstream variety, but that’s not quite what I’ve been saying for 13 long, tedious years. What I’ve...
Read More »Samsung will NFTs mit seinen Smart-TVs anbieten
Samsung könnte mit seinem Vorstoß einen weiteren Boom des NFT Marktes auslösen. Die Non Fungible Token sollen mit der neuen Generation der Samsung Smart-TVs nutzbar sein. Crypto News: Samsung will NFTs mit seinen Smart-TVs anbieten Die Nutzung des linearen Fernsehens ist seit Jahren rückläufig. Doch immer mehr Menschen nutzen Internetfernsehangebote mit Smart-TVs. Damit hat sich das Fernsehen bereits neu erfunden – Mediatheken und Streaming-Anbieter wie Netflix...
Read More »Why Did the World Choose a Gold Standard Instead of a Silver Standard?
Among those who support the end of government fiat money, it’s not uncommon to hear and see claims that gold is “the best money” or “natural money” or the only substance that’s really suited to be commodity money. In many of these cases, when they say “gold” they mean gold, and not silver, platinum, or any other precious metal. Naturally, one can expect to encounter these claims among those who have made a living out of promoting gold and gold-related investments for...
Read More »Pandemic pushes Swiss house prices higher
Consumer prices have risen sharply in Switzerland, increasing the attractiveness of tangible assets such as residential property © Keystone / Christian Beutler The value of residential property in Switzerland continued to rise strongly in 2021 in the wake of Covid-19. Property prices are likely to rise further this year, according to an analysis. Owners of freeholder apartments saw an increase in value of 7.3% over the course of the year. The increase for...
Read More »New York State Has Imposed New Covid Rituals. This Time There’s Some Resistance.
With new mask and vaccine mandates, New York’s Governor Kathy Hochul has reaffirmed the state’s status as the nation’s most zealous practitioner of covid cultism. Original Article: “New York State Has Imposed New Covid Rituals. This Time There’s Some Resistance.” Friday, December 10, New York State governor Kathy Hochul reaffirmed the state’s status as the nation’s most zealous practitioner of covid cultism with the announcement of a new statewide “vax-or-mask”...
Read More »Annual consumer price inflation hits 0.6 percent
The cost of energy is a less important factor for the Swiss consumer price index than in other countries. Keystone/Alessandro Della Bella Consumer prices in Switzerland increased by 0.6% on average last year, according to the Federal Statistics Office. The rise is due in particular to higher prices for petroleum products and for housing rentals. In contrast, prices for international package holidays and medicines decreased, the officeExternal link said on Tuesday....
Read More »As The Fed Tapers: What If More Rapid (published) Wage Increases Are Actually Evidence of *Deflationary* Conditions?
Since the Federal Reserve is not in the money business, their recent hawkish shift toward an increasingly anti-inflationary stance is a twisted and convoluted case of subjective interpretation. Inflation is money and if the Fed was a central bank the issue of consumer prices wouldn’t necessarily be simple, it would, however, be much simpler: is there or isn’t there too much money flowing through the economy. News to the vast majority of the public, no one at any...
Read More »Clay Shaw, Liar and Perjurer
In 1969, New Orleans District Attorney Jim Garrison brought a criminal prosecution against a man named Clay Shaw. In the trial, Garrison rejected the lone-nut theory of the assassination of President Kennedy. He alleged instead that Kennedy was assassinated in a highly sophisticated regime-change operation spearheaded by the U.S. national-security establishment. Garrison alleged that Shaw had played a role in that operation. Although Shaw was quickly acquitted,...
Read More »SNB profitiert von starker Aktienmarktperformance
Die SNB dürfte laut UBS für das Gesamtjahr 2021 einen Gewinn von fast 20 Mrd. Franken ausweisen. Dieser ist einer starken Aktienmarktperformance zu verdanken trotz belastender Zins- und Währungsveränderungen. Im letzten Quartal hingegen dürfte die Nationalbank wegen der deutlichen Aufwertung des Frankens gegenüber den meisten Währungen einen Verlust von über 20 Mrd. Franken erlitten haben. Nach Berechnungen der UBS dürfte die SNB für 2021 einen Gewinn von 18...
Read More »The Zombie Ship of Theseus
To listen to the audio version of this article click here. The Ship of Theseus is an old philosophical thought experiment. It asks a question about identity. Suppose you replace all of the boards of a ship with new ones—is it still the same ship? We are not going to try to resolve this millennia-old paradox. Instead, we are going to add one more element, and then tie it to the monetary system. The additional element is what if the replacement boards are adulterated...
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