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Tag Archives: Featured

Here’s Our Historical Analogy Menu: Rome, the USSR or Revolutionary France

The core dynamic is ultimately the loss of social cohesion within the ruling elites and in the social order at large. There’s a definite end of days feeling to the euphoria that the world didn’t end on November 3. And what better way to celebrate the victory of what passes for normalcy with a manic stock market rally? It’s as if everyone knows there is no returning to the good old days of a well-oiled Imperial machine chewing through any and all obstacles, and this...

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Gold and Silver to Explode Higher Regardless of the US Election Result?

Today we are taking our weekly look at the charts for gold and silver. After what has been the most unusual campaign season for both candidates, election day has finally arrived. Regardless of your political persuasions, both gold and silver look to be setting up for an explosive move higher. First let’s take a look at the gold price chart… After pulling back from its all-time high of approx. $2,065, gold has consolidated and seems to have formed a nice base. It has...

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The Idea that Democracy Is the Same as Liberty Is a Weapon in the Hands of Despots

As Americans approach a date with their polling places and “get out the vote” campaigns crescendo, there is plenty of rhetoric that all but deifies democracy. Unfortunately, while democratically determining who will be entrusted with the reins of government may generally represent the best hope to enable governments to change without bloodshed (exemplified by John Adams just going home when he lost the presidency to Thomas Jefferson), democracy is not the defining...

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FX Daily, November 6: A Pause that Refreshens?

Swiss Franc The Euro has fallen by 0.03% to 1.0685 EUR/CHF and USD/CHF, November 6(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Investors have piled into risk assets this week, seemingly undeterred by the US elections’ lack of a clear outcome. The coronavirus is still surging, and a new complication has emerged. A mutation of the virus, originating in minks (Denmark), could pose a challenge in developing a...

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Covid: 62 new deaths as hospitalisations rise in Switzerland

© 8213profoto | Dreamstime.com On 5 November 2020, Switzerland’s Federal Office of Public Health (FOPH) reported 62 deaths among laboratory-confirmed cases of Covid over 24 hours, bringing the total death toll since summer to 606. Current daily deaths are not far from the peak level reached during the first wave over spring, according to FOPH data. In addition, FOPH reported a further 399 hospitalisations over 24 hours. There are currently 3,428 Covid-19 patients in...

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Covid, Nov6: 62 new deaths as hospitalisations rise in Switzerland

Deaths because of and with Covid19 On 5 November 2020, Switzerland’s Federal Office of Public Health (FOPH) reported 62 deaths among laboratory-confirmed cases of Covid over 24 hours, bringing the total death toll since summer to 606. Current daily deaths are not far from the peak level reached during the first wave over spring, according to FOPH data. Total deaths in Switzerland since the beginning of the pandemic have reached 2,622, of which 2,337 were laboratory...

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Markets Gyrate Ahead of Protracted Period of Uncertainty

Markets likely facing an extended period of uncertainty; the dollar is seeing some safe haven bid but is well off its highs Despite President Trump’s claim of victory and his call to halt vote counting and go to the Supreme Court, it’s important to emphasize that the election is simply not over yet; asset prices are sending a cacophony of signals as investors struggle to price multiple possibilities The two day FOMC meeting starts today and concludes with a likely...

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Why High Net Worth Investors are Opting for Physical Gold Vs ETFs, Digital Gold & Crypto-Currencies

As we continue to await the official result of the US Election, in the short-term financial markets remain volatile. However, today Mark O’Byrne is talking with David Bell of PCD Club about why the current uncertainty in global financial markets has High Net Worth Investors seeking out physical gold coins and bars in preference to ETF’s, Digital Gold and Crypto-Currencies. [embedded content]   You Might Also Like...

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Counting The Corroborated Stall, Not The Coming Lawfare Election Mess

While we wait for the electoral count to be sorted out by what we hope are competent and honest people (not holding our breath), there’s a greater muddle growing where it actually counts and where it’s never fully nor properly accounted. By a large and growing number of accounts, the US economy’s rebound seems to have stalled out back around June or July, an inflection unrelated to COVID case counts, too. The rebound is still rebounding, of course, and this upturn...

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Why Socialism Won’t End Worker “Exploitation”

A belief still commonly held today by not just Marxists and socialists, but progressives of many stripes, is the insistence that employers are “stealing” part of their workers’ labor because the wage workers receive from their employer are less than the contribution of their labor to the final value (i.e., selling price) of the finished good. Profit to the employer, the argument goes, is akin to theft from the workers. Profit is “surplus value” created by the...

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