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Overview: The dollar's gains were initially extended before a consolidative tone emerged. The euro has been sold to $1.0460 and has returned to almost $1.05. Sterling fell to nearly $1.2060 and has recovered though has stopped short of $1.2100. The dollar edged closed to JPY150 but stalled near JPY149.95 and has held above JPY149.65. The Australian dollar near $0.6300 and the greenback rose to CAD1.3725. Benchmark 10-year yields are firm, though a well-received...

Um auf den ausufernden und ständig wachsenden Staatsapparat aufmerksam zu machen, haben Mitglieder der Libertären Partei am 2.10. verschiedene Gebäude der Verwaltung und von Staatsbetrieben mit ihrem «Freiheitlichen Siegel» versiegelt. Die Libertäre Partei (LP) setzt sich für einen radikalen Staatsabbau ein. Dies wird klar, wenn man den Text des Siegels liest: «Diese Institution würde bei einem Wahlsieg der libertären Partei geschlossen. Wenn Sie dieses Siegel brechen, machen Sie sich...

UBS Asset Management has launched its first live pilot of a tokenized Variable Capital Company (VCC) fund. The fund is part of a wider VCC umbrella designed to bring various “real world assets” on-chain as part of Project Guardian, a collaborative industry initiative led by the Monetary Authority of Singapore (MAS). Thomas Kaegi Thomas Kaegi, Head UBS Asset Management, Singapore & Southeast Asia, said: “This is a key milestone in understanding the tokenization of...

Because California’s government has hamstrung electricity producers in the state, its legislature now wants EVs to be “bidirectional,” that is, to put power from their batteries back into the grid. Original Article: Power Vacuum: How the State Wants to Suck Electricity from the SUV You Are Required to Buy [embedded content]...

Historically, inflation always referred to an increase in the money supply, whereas nowadays it refers to an increase in prices. This shift in the definition of inflation lets central banks get away with their fraudulent business. Thus, the original definition must be reestablished. We must, by all means, switch the focus from the symptoms to the disease. The CPI Deserves Less Attention The lure of the Consumer Price Index (CPI) doesn’t just undermine price...

While F.A. Hayek is known for his term “spontaneous order,” Mises saw institutional development as coming from growth in human understanding of things. Original Article: Mises versus Hayek on the Future of Civilization [embedded content] Tags: Featured,newsletter

Public goods, in mainstream economic theory, are goods that are nonrivalrous, where one person using a good does not preclude anyone else’s capacity to do the same, and nonexcludable, where owners of the public goods are generally unable to restrict anyone’s access to the good. Commonly touted examples include public lighting, like streetlights, radio, firework shows, military defenses, and flood defenses. To the mainstream, public goods present an economic and...

Overview: The US avoided a government shutdown, barely, and this eased one of the headwinds that were anticipated. In turn, this is spurring new gains in US interest rates and helping underpin the dollar at the start of the new quarter. The 10-year Treasury is holding above 4.60% and nearing last week's high (4.68%). The two-year yield gapped higher and is near 5.10%. The high from September 21 was almost 5.20%. The Swiss franc is the only G10 currency holding its...

Over the past decade, the rise of cryptocurrency has created a new class of millionaires and billionaires. The early adopters, investors, business founders, and more broadly, those who bought in early and held onto their investments, became extremely rich, accumulating massive wealth as prices soared. A new report by wealth and investment migration specialists Henley and Partners, released on September 05, 2023, shares insights into the state of crypto wealth,...

Part II of II by Claudio Grass, Switzerland Over the last couple of years, we saw countless examples of free speech suppression and of the steep price paid by those who chose to exercise that right. Divergent ideas and thoughts contradicting the government narrative were silenced and often punished in ways that would have been entirely unimaginable before the covid outbreak.  No matter what one thinks about the pandemic, about the policies and the...