Monthly Archive: April 2022

Binance suspendiert Konten russischer Nutzer

2022-04-30

by

2022-04-30

Noch vor ein paar Tagen hieß es, Russland könnte die Daten seiner Nutzer mit der russischen Regierung teilen – Datenschützer und die westlichen Medien waren besorgt. Doch in dieser Woche zeigte Binance, dass die Börse nicht mit Russland zusammenarbeitet. Zahlreiche Konten russischer Nutzer, die in Verbindung mit der Regierung stehen, wurden gesperrt. Crypto News: Binance suspendiert Konten russischer NutzerBinance folgt damit offenbar...

Read More »

Is It Recession?

2022-04-30

by

2022-04-30

According to today’s advance estimate for first quarter 2022 US real GDP, the third highest (inflation-adjusted) inventory build on record subtracted nearly a point off the quarter-over-quarter annual rate. Yes, you read that right; deducted from growth, as in lowered it. This might seem counterintuitive since by GDP accounting inventory adds to output.

Read More »

The Economic Sanctions against Russia Are Destructive and Counterproductive: We Must Oppose Them

2022-04-30

by

2022-04-30

The Western sanctions against Russia seem to shock very few Westerns. Yet, for several reasons, these sanctions should at least be the subject of lively debate in Western societies. Firstly, these sanctions are illegal from the standpoint of international law (only the Security Council can approve economic sanctions, according to article 41 of the Charter of the United Nations).

Read More »

Elon Musk’s Twitter Gambit and What It Means to the “Clique in Power”

2022-04-30

by

2022-04-30

Elon Musk’s bid to take over Twitter and turn it into a private company has apparently been successful. Now the real action begins. Musk’s buyout exposes the Big Digital media complex to unwanted and unwonted competition, while threatening to loosen its near-total control of information and opinion.

Read More »

Average annual healthcare costs hit 9,600 francs in Switzerland in 2020

2022-04-30

by

2022-04-30

Statistics published on 26 April 2022 show health expenditure in Switzerland rose to CHF 9,648 (US$ 10,8001) per person in 2020, making Switzerland (probably) the second biggest per-capita healthcare spender in the world – the OECD has not yet published 2020 expenditure for the US, which is typically the world’s highest spender.

Read More »

Did China’s Politburo Throw Markets a Lifeline?

2022-04-29

by

2022-04-29

Overview: Speculation that a midday statement by China's Politburo signals new efforts to support the economy ahead of  next week's holiday appears to have stirred the animal spirits. 

Read More »

What are the consequences of the war in Ukraine for the SNB’s monetary policy?

2022-04-29

by

2022-04-29

Russia's attack on Ukraine has fundamentally changed the geopolitical situation. However, it also has far-reaching economic consequences and poses the question as to whether the integration of the global economy will decrease again.

Read More »

Doom Porn and Empty Optimism

2022-04-29

by

2022-04-29

If we can't discern the difference between doom-porn and investing in self-reliance, then solutions will continue to be out of reach. I'm often accused of calling 783 of the last two bubble pops (or was it 789? Forgive the imprecision). Like many others who have publicly explored the notion that the status quo isn't actually sustainable despite its remarkable tenaciousness, I am pilloried as a doom-and-gloomer (among other things, ahem).

Read More »

Swiss Retail Sales, March 2022: -5.9 percent Nominal and -6.6 percent Real

2022-04-29

by

2022-04-29

Switzerland Retail Sales YoY, March 2022
Turnover adjusted for sales days and holidays fell in the retail sector by 5.9% in nominal terms in March 2022 compared with the previous year. This decline can mainly be explained by the high figure of March 2021, when the COVID-19 protection measures were lifted before the end of the month and turnover rebounded. Seasonally adjusted, nominal turnover rose by 0.9% compared with the previous month.

Read More »

The New World Order and Dehumanization on the Left and Right

2022-04-29

by

2022-04-29

Bob critiques the economic views of Yuval Harari, who predicts “useless people” because of technological advances. Bob then showcases similar thinking from right-wingers. He ends by addressing a common critique of the Christian God.

Read More »

Is Putin Right About a U.S. Proxy War?

2022-04-29

by

2022-04-29

On the surface of things, it appears that Russia is at war with Ukraine. But Russian president Vladimir Putin is saying that in actuality it is the United States that is warring against Russia and is simply using Ukraine as a proxy to conduct that war. Putin, therefore, is also saying that given that the United States is waging war against Russia, the possibility of nuclear war continues to rise with each passing day.

Read More »

Mass Adoption für Bitcoin in Zentralafrika

2022-04-28

by

2022-04-28

Das nächste Land hat Bitcoin als legales Zahlungsmittel anerkannt. Dabei handelt es sich um die Zentralafrikanische Republik. Das dafür notwendige Gesetz wurde gestern, dem 27. April, verabschiedet. Und es betrifft möglicherweise auch anderen Cryptocoins. Bitcoin News: Mass Adoption für Bitcoin in ZentralafrikaAus dem Präsidentenhaus wurde dazu eine offizielle Pressemitteilung veröffentlicht:? Official press release from the Central African...

Read More »

Swiss and Singapore Regulators Unveil Inaugural Point Zero Forum

2022-04-28

by

2022-04-28

The Swiss Secretariat for International Finance (SIF) and Elevandi announced the programme and speaker line-up for the inaugural Point Zero Forum, taking place on 21-23 June in Zurich, Switzerland. Elevandi is a Company Limited by Guarantee (GLC) created by the Monetary Authority of Singapore (MAS) to manage the Singapore Fintech Festival (SFF).

Read More »

Historic Inventory Continued In March, But Is It All Price Illusion, Too?

2022-04-28

by

2022-04-28

The Census Bureau today released its advanced estimates for March trade. These include, among other accounts like imports and exports, preliminary results reported by retailers and wholesalers. That means, for our purposes, inventories. Oh my, was there ever more inventory. It was, apparently, widely expected that following an avalanche of goods building up over the previous five months the situation might calm down a touch.

Read More »

Decentralization and the Rise of the West: The European Miracle Revisited

2022-04-28

by

2022-04-28

Decentralization has long been at the forefront of the minds of Austro-libertarians. Hans-Hermann Hoppe, for instance, appeared on Austrian television this month sharing his dream of a Europe "which consists of 1,000 Liechtensteins."

Read More »

Do Conspiracies Really Exist? Murray Rothbard Thought So

2022-04-28

by

2022-04-28

The quickest way to discredit an intellectual opponent is to accuse that person of being a "conspiracy theorist." But what happens when real conspiracies occur? Original Article: "Do Conspiracies Really Exist? Murray Rothbard Thought So" This Audio Mises Wire is generously sponsored by Christopher Condon.

Read More »

Expect the Unexpected from the Fed

2022-04-28

by

2022-04-28

It has been a rough week in most markets with both equities and bonds declining sharply. Tech stocks have been pummeled with many ‘big names’ plunging more than 50% (from their 52-week high). Some of the bigger names include Zoom Video -75%, PayPal -73%, Netflix -72%, Meta Platforms (Facebook), -53%.

Read More »

Swiss Financial Accounts: Household wealth in 2021

2022-04-27

by

2022-04-27

The Swiss National Bank is today publishing financial accounts data for Q4 2021. Data on household wealth are thus available for the whole of 2021; a commentary is provided below. This is followed by a detailed look at the development of the financial net worth of the Swiss economy’s institutional sectors since the onset of the coronavirus pandemic.

Read More »

The riddle of Russian money in Switzerland

2022-04-27

by

2022-04-27

There’s a well-worn Swiss bankers joke about the venality of a particular country. The actual country changes with the times but since this is April 2022, it starts like this: “Where is the capital of Russia?”

Read More »

The NATO Lie

2022-04-27

by

2022-04-27

Russia’s invasion of Ukraine has brought to the forefront the NATO treaty to which the United States is a party. President Biden and the Pentagon have steadfastly maintained that a Russian attack on any NATO member automatically obligates the United States to go to war against Russia.

Read More »