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In previous installments, I introduced the Great Reset idea1 and treated it in terms of its economic2 and ideological3 components. In this, the sixth installment, I will discuss what the Great Reset entails in terms of governance and the Fourth Industrial Revolution (4-IR), closing with remarks about the overall Great Reset project and its implications. According to Klaus Schwab, the founder and executive chair of the World Economic Forum (WEF), the 4-IR follows the...

Bring on the tantrum. Forget this prevaricating, we should want and expect interest rates to get on with normalizing. It’s been a long time, verging to the insanity of a decade and a half already that keeps trending more downward through time. What’s the holdup? You can’t blame COVID at the tail end for a woeful string which actually dates back farther than the last pandemic (H1N1). Emil Kalinowski has it absolutely right; what happened in 2013 in the Treasury...

Source: Twitter Over the weekend the owners of a family-run restaurant were taken into police custody for defiantly operating their restaurant in contravention of Switzerland’s Covid rules, reported 20 Minutes. On Saturday 30 October 2021, the police arrested the operators of the Walliserkanne restaurant in Zermatt. Three family members, a mother, father and son were arrested on Saturday morning and taken into custody. The restaurant operators had refused to check...

The line of dominoes that is already toppling extends around the entire global economy and financial system. Plan accordingly. That China faces structural problems is well-recognized. The list of articles in the August issue of Foreign Affairs dedicated to China reflects this: Xi’s Gamble: the Race to Consolidate Power and Stave Off Disaster China’s Economic Reckoning: The Price of Failed Reforms The Robber Barons of Beijing: Can China Survive its Gilded Age? Life...

Alhambra CEO talks about last week’s reversal in bonds yields, if there’s a growth scare, what the yield curve is saying, plus reports on wages & salaries, core capital goods, and jobless claims. [embedded content] [embedded content] You Might Also Like Weekly Market Pulse: Inflation Scare! 2021-10-25 The S&P 500 and Dow Jones Industrial stock averages made new all time highs...

Last week, the US GDP growth figure for Q3 came in lower than expected, while prices moved higher than anticipated and the US Employment Cost Index update rose at its fastest pace in 31 years. The headline increase was driven by the biggest surge in wages since 1982, up 1.5% in the third quarter. Substantial productivity gains would be required now to offset this rise in wages. Without gains in productivity and/or a fall in labour costs, there could be a risk to...

Two months after paying a $100 million fine in the US for illegal trading operations, cryptocurrency exchange BitMEX is lining up a test for Switzerland’s financial regulator. With a raft of recent legislative amendments, “Crypto Nation” Switzerland is bidding to become a global hub for legally-compliant cryptocurrency activities. Crypto derivatives exchange BitMEX wants to leverage this legal basis to launch a brokerage service. As I’ve said previously, the Swiss...

There are two main philosophical and ideological schools of thought that include the problem of internationalism in their principles. The first is liberal internationalism, which developed within the framework of classical liberalism. The second is orthodox Marxism and its various derivatives that entertain the idea of proletarian internationalism. The concept of internationalism has different origins, meanings, and practical implementations in the two schools of...

The front-page headline in the Wall Street Journal on October 14 says it all, “Inflation Is Back at Highest in over a Decade.” The Labor Department reported that the Consumer Price Index (CPI) increased 5.4 percent from a year ago. This should not have been a surprise to Federal Reserve chairman Jerome Powell and his fellow board members nor to its hundreds of PhD economists who drill into the economic data to forecast the economy. In 2020, when the US economy...

Switzerland has enough money and technology to drastically reduce emissions and become a leader in international climate negotiations. But it needs to be more ambitious, says Ludwig Luz, president of the Swiss Youth for Climate group. This year’s UN climate conference (COP26) in Glasgow is the most important since COP21 in Paris in 2015. The latest IPCC publicationExternal link offers a dire outlook. Scientists do not contest climate change and the need to act...