Authored by Christoph Gisiger via Finanz und Wirtschaft, James Grant, Wall Street expert and editor of the renowned investment newsletter «Grant’s Interest Rate Observer», warns of the unseen consequences of super low interest rate and questions the extraordinary actions of the Swiss National Bank. Nearly ten years after the financial crisis, extraordinary monetary policy has become the norm. The financial markets seem to like it: Stocks are close to record levels and...
Read More »49 Countries Have Violated Sanctions On North Korea
A new report from the Institute for Science and International Security has found that 49 countries violated sanctions on North Korea to varying degrees between March 2014 and September 2017. You will find more statistics at Statista 13 governments including Cuba, Egypt, Iran and Syria were involved in military violations, which as Statista’s Martin Armstrong notes, includes either receiving military training from North...
Read More »Bitcoin – Plan Your Exit Strategy Now – Maybe With Gold
Bitcoin - Plan Your Exit Strategy Now - Maybe With Gold Made money in bitcoin? Well done. Don’t wait until the stampede starts. Here’s what you must do now. by Dominic Frisby in Money Week So there I was on Sunday afternoon, doing what it is one does on a Sunday – very little in my case – and a notification comes up on my phone: “Bitcoin rises over 10% to $11,800”. Bitcoin in USD (1 Year). Source: CoinDesk On a Sunday. When every other market is closed. It’s bad enough that bitcoin is making...
Read More »“Gnomes Of Zurich” In Panic As Saudi Corruption Crackdown Sparks Flood Of Money Laundering Inquiries
There are two divergent views on the crackdown on corruption by Saudi Arabia’s crown prince, Mohammed bin Salman (MBS), which led to the arrest and detention of 200 princes, ministers and former ministers. On one hand, it was a masterstroke which will earn political capital with the Saudi people and catalyse an Arab Spring in which MBS is a modernizing reformer who will liberalise Islam. On the other, it was nothing...
Read More »Frustrated Investors File Lawsuits Against World’s Largest ICO
Here’s the latest sign that the massively fraudulent ICO market is headed for a collapse. Tezos’s investors are still waiting to learn when they can expect to receive the digital tokens that they paid a premium for during the company’s record-setting crowdsale. But as reports of abuse, internal strife and outright embezzlement have surfaced in the press, three groups of angry investors have filed class action lawsuits...
Read More »What Gives Cryptocurrencies Their Value
The value of cryptocurrencies like bitcoin, just like any other kind of money, comes fundamentally from what you can do with it. As a follow up to What Backs Bitcoin, I want to dig into that value. The idea, which comes from Austrian economist Carl Menger, is that just as a shovel’s value comes from its ability to dig, a currency’s value comes from its ability to help you do two things: transactions and savings. Think...
Read More »“Gnomes Of Zurich” In Panic As Saudi Corruption Crackdown Sparks Flood Of Money Laundering Inquiries
There are two divergent views on the crackdown on corruption by Saudi Arabia’s crown prince, Mohammed bin Salman (MBS), which led to the arrest and detention of 200 princes, ministers and former ministers. On one hand, it was a masterstroke which will earn political capital with the Saudi people and catalyse an Arab Spring in which MBS is a modernizing reformer who will liberalise Islam. On the other, it was nothing other than a cynical and desperate attempt to tighten his grip...
Read More »Bitcoin Tops $10,100 – Fed’s Powell Says “Cryptocurrencies Just Don’t Matter”
Update: Cryptocurrencies are widely bid tonight with Bitcoin over $10,150, Ether holding $475, and LiteCoin topping $100 for the first time… LiteCoin Price in USD, Mar - Nov 2017(see more posts on Litecoin, ) - Click to enlarge Bitcoin has now soared over 20% since Black Friday’s close, topping $10,000 for the first time in history (rising from $9,000 in just 2 days)… now up over 950% year-to-date. image courtesy...
Read More »Frustrated Investors File Lawsuits Against World’s Largest ICO
Here's the latest sign that the massively fraudulent ICO market is headed for a collapse. Tezos’s investors are still waiting to learn when they can expect to receive the digital tokens that they paid a premium for during the company’s record-setting crowdsale. But as reports of abuse, internal strife and outright embezzlement have surfaced in the press, three groups of angry investors have filed class action lawsuits accusing the company of fraud and securities violations. In...
Read More »Demographic Dysphoria: Swiss Village Offers Families Over $70,000 To Live There
Across the world, demographic dysphoria is taking shape, creating numerous headaches for governments. To avoid the next economic downturn, governments are searching for creative measures to increase population growth and deliver a sustainable economy. In Europe, a near decade of excessive monetary policy coupled with a massive influx of refugees have not been able to reverse negative population growth– first spotted in...
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