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[In the second part of this interview, Brazilian journalist André de Godoy speaks with Antony Mueller about the relationship between credit and money, the inflationary process, and its relation to the real economy. How will the current debt binge end? What comes after Quantitative Easing?] André de Godoy: Ludwig von Mises mentions in his books that credit expansion is one of the causes of the inflation beyond the monetary expansion. What are the similarities and...

Swiss Franc The Euro has risen by 0.07% to 1.059 EUR/CHF and USD/CHF, March 09(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Equities plunged, and yields sank as the coronavirus threatens a global recession. The oil price war signaled by Saudi Arabia and Russia aggravates the desperate situation. Equities markets in the Asia Pacific region slumped 3-7%. The Shanghai Composite was fell 3%. The Nikkei was off by...

USD/CHF remains on the back foot despite recovering off-late. 61.8% of Fibonacci retracement will be on the sellers’ radars. Buyers are less likely to take the risk unless revisiting early-2020 levels. USD/CHF registers 1.36% loss to 0.9260 while heading into the European open on Monday. The pair earlier dropped below the longer-term support line, stretched from May 2015, but fails to stay beneath the same off-late. As a result, the bears will await a sustained fall...

Everyone with a pension fund or 401K invested in stocks better hope the Fed becomes the buyer of last resort, and soon. Much has been written about what the Federal Reserve cannot do: it can’t stop the Covid-19 pandemic or reverse the economic damage unleashed by the pandemic. But let’s not overlook what the Fed can do: create U.S. dollars out of thin air and use these dollars to buy assets either directly or through proxies. Let’s also not overlook how much the Fed...

Risk-off sentiment continues to build as the coronavirus spreads Fed easing expectations continue to intensify; February inflation readings for the US will be reported this week The ECB meets Thursday and markets are split; the stronger euro is doing the eurozone economy no favors The UK has a heavy data release schedule Wednesday; UK government also releases its budget that day Japan has a fairly heavy data week; the yen continues to benefit from risk-off sentiment...

The Federal Reserve has been trying to propagate two big lies about the economy. Actually, it’s three but the third is really a combination of the first two. To start with, monetary authorities have been claiming that growing liquidity problems were the result of either “too many” Treasuries (haven’t heard that one in a while) or the combination of otherwise benign technical factors. The other one has been about this epically tight labor market, which, Jay Powell...

Murray Rothbard died in January 1995, long before this year’s coronavirus scare. But the principles this great thinker taught us can help us answer questions about the coronavirus outbreak which trouble many of us. Would the US government be justified in imposing massive involuntary quarantines in order to slow down the spread of disease? What about vaccines? If government scientists claim that they have discovered a vaccine for the coronavirus, should we take it? If...

Either the science is wrong and the complacent will be proven correct, or the science is correct and the complacent will be wrong. The present disconnect between the science of Covid-19 and the status quo’s complacency is truly crazy-making, as we face a binary situation: either the science is correct and all the complacent are wrong, or the science is false and all the complacent are correct that the virus is no big deal and nothing to fret about. Complacency is...

A unique feature of the Swiss Federal Constitution is the fact that the central government’s power to impose direct taxes on citizens expires every decade or so. In fact, the current taxing authority expires at the end of 2020. Fortunately for the Swiss republic’s central government, voters approved an extension (the “New Financial Regime 2021“) for another fifteen years in a March 2018 election. This was not a big surprise, since voters have approved extensions of...

Seit geraumer Zeit haben wir mit unserem Projekt „Auswanderluchs“ gestartet. Christian bloggt und macht Videos zum Thema Auswandern in die Schweiz. Er ist vor 4 Jahren in die Schweiz gezogen, lebt und arbeitet nun hier und gibt seine Erfahrungen und Tipps an die Finanzrudel Community weiter. . Christian der Auswanderluchs „Geboren und aufgewachsen bin ich in der Nähe von Dortmund. Nach der Schule habe ich eine Ausbildung zum Chemikanten und anschliessend eine...