Tag Archives: Featured

UBS had appealed against both the original verdict and the size of the fine. Keystone / Peter Klaunzer Swiss bank UBS will have to wait until December 13 to see if its appeal against a French €4.5 billion (CHF4.9 billion) tax evasion penalty is successful. The long-awaited verdict was due on Monday, but the Paris court postponed its decision because a judge is ill. UBS was fined €3.7 billion and ordered to pay €800 million in damages during the original trial in...

Nach der Einführung von Bitcoin in El Salvador hat Panama einen neuen Gesetzesentwurf vorgelegt, der Bitcoin zu einer alternativen Zahlungsmethode im Land machen soll. Da die weltweite Verbreitung von Kryptowährungen weiter zunimmt, wurde in der Republik Panama ein neuer Gesetzentwurf vorgelegt, der Bitcoin (BTC) und andere digitale Währungen als alternative Zahlungsmittel anerkennt. l1           Panama schlägt Krypto-Gesetz vor Der panamaische Kongressabgeordnete...

This is a special virtual seminar for donors to our fall campaign.  Donate Today! On Friday, October 8, at 2:00 p.m. CDT, Jeff Deist and Bob Murphy will discuss Mises’s views on interventionism and their continued relevance today, particularly after the last year and a half of economic intervention resulting from covid tyranny. “[Interventionism] preserves some of the labels and the outward appearance of capitalism. It maintains, seemingly and nominally, private...

Die Eidgenössische Finanzmarktaufsicht FINMA anerkennt die angepasste Selbstregulierung der AMAS als Mindeststandard. Damit werden hauptsächlich die neuen Regeln des FINIG und FIDLEG nachvollzogen. Die angepasste Selbstregulierung tritt am 1. Januar 2022 in Kraft. Aufgrund des Inkrafttretens des Finanzinstitutsgesetzes (FINIG) und des Finanzdienstleistungsgesetzes (FIDLEG) hat die Asset...

Overview: Rising energy prices and yields are helping lift the US dollar and weighing on equities.  November WTI has pushed above $76, while Brent traded above $80, and natural gas is up for the fourth consecutive session, during which time it has risen by about 25%.   The US 10-year yield has surged to almost 1.53%, up more than 20 bp since the middle of last week. Near 32 bp, the US 2-year yield is at a new 18-month high. European yields are 3-5 bp higher, with...

Source: Facebook On 28 November 2021, Swiss voters will be asked whether they accept laws passed by the government on 19 March 2021 that paved the way for the introduction of Switzerland’s Covid certificate, a system that provides proof of vaccination, recovery or a negative test. This is the second time a vote has been organised to challenge the government’s response to the Covid-19 pandemic. On 13 June 2021, voters were given a chance to reverse the first batch of...

Die Zentralbank von Bhutan hat sich mit Ripple zusammengetan, um eine CBDC zu pilotieren, die die finanzielle Inklusion des Landes bis 2023 um 85 Prozent steigern könnte. Die Royal Monetary Authority (RMA) – die Zentralbank von Bhutan – hat sich mit Ripple zusammengetan, um eine digitale Version der Landeswährung einzuführen. Die Institution erwartet, dass die Initiative die finanzielle Eingliederung des Landes in den nächsten zwei Jahren um 85 Prozent steigern...

Like virtually all of the work of Ludwig von Mises, these two essays, his 1958 Liberty and Property and his 1950 Middle-of-the-Road Policy Leads to Socialism are timeless. They are as important now as they have ever been and will increase in relevance as the growth of government continues almost unabated. The growth of government constitutes an assault on private property and individual freedom by politicians, bureaucrats, and interest groups who seek to keep for...

You’ve heard of the virtuous circle in the economy. Risk taking leads to spending/investment/hiring, which then leads to more spending/investment/hiring. Recovery, in other words. In the old days of the 20th century, quite a lot of the circle was rounded out by the inventory cycle. Both recession and recovery would depend upon how much additional product floated up and down the supply chain. Deflation, too. On the contraction side, demand might fall off a bit for...

Losses will be taken and sacrifices enforced on those who don’t understand the Chinese state will no longer absorb the losses of speculative excess. Let’s start by stipulating that no one outside President Xi’s inner circle really knows what’s going on in China, and so my comments here are systemic observations, not claims of insider knowledge.Many western observers have noted the centrality of Marxist-Leninist-Maoist doctrine in President Xi’s writings. This is...