Monthly Archive: April 2022

Swiss bail-out plan aims to prevent electricity crunch

2022-04-16

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2022-04-16

The government has decided to prepare a bail-out plan for Switzerland’s main electricity companies to prevent an energy shortage.

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China’s Imports Outright Declined In March, And COVID Was The Reason Why But Not Really

2022-04-16

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2022-04-16

The guy said this was going to be the future. Not just of China, for or really from the rest of the world. Way back in October 2017, at the 19th Communist Party Congress newly-made Emperor Xi Jinping blurted out his grand redesign for Socialism with Chinese Characteristics.

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PBOC Trim Reserve Requirements: Delilvers Wet Noodle after Earlier Disappointment

2022-04-15

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2022-04-15

After posting the daily analysis, the PBOC announced a 25 bp cut in required reserves. This is said to free up around CNY530 bln or around $83 bln. It may help explain the failure to cut the benchmark Medium-Term Lending Facility. Some rural banks may see a 50 bp cut in reserve requirements.

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Good Friday

2022-04-15

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2022-04-15

Overview:  Most centers are closed for the holidays today.  The Asia Pacific equity markets were open and moved lower following the losses on Wall Street yesterday.  The weakness of the yen failed to underpin Japanese shares.

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The Biggest Threat to Our Freedom and Well-Being

2022-04-15

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2022-04-15

There are some important things to note about the Constitution and the Bill of Rights. Our rights do not come from the Constitution or the Bill of Rights. As the Declaration of Independence states, our rights come from nature and God, not from the federal government, not from the Constitution, and not from the Bill of Rights.

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Yes, It Is Different This Time

2022-04-15

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2022-04-15

Most people would be horrified by a 40% decline in their "investments." When bubbles pop, speculative assets don't drop 40%, they drop 90% or even 98%.

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Absolute Neutralität: dringlich nötig

2022-04-15

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2022-04-15

Viele im Westen wurden durch die Sonderoperation der Russen in der Ukraine auf dem falschen Fuss erwischt. Der seit 2014 schwellende innerstaatliche Konflikt war und ist vielen nicht bewusst. Die grundlegenden Probleme mit ihrem geschichtlichen Hintergrund, welche die Operation verständlicher erscheinen liessen, sind selbst heute den Entscheidungsträgern unbekannt. Man hat das Gefühl, dass alles, was vor dem Einmarsch passiert ist, inexistent ist.

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Swiss Producer and Import Price Index in March 2022: +6.1 percent YoY, +0.8 percent MoM

2022-04-15

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2022-04-15

Switzerland Producer Price Index (PPI) YoY, March 2022
14.04.2022 - The Producer and Import Price Index increased in March 2022 by 0.8% compared with the previous month, reaching 107.0 points (December 2020 = 100). Higher prices were seen for petroleum products in particular. Basic metals and semi-finished metal products also became more expensive. Compared with March 2021, the price level of the whole range of domestic and imported products rose by 6.1%.

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Short Covering in the US Treasury Market Extends the Yield Pullback

2022-04-14

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2022-04-14

Overview: What appears to be a powerful short-covering rally in the US debt market has helped steady equities and weighed on the dollar.  Singapore and South Korea joined New Zealand and Canada in tightening monetary policy.  Attention turns to the ECB now on the eve of a long-holiday weekend for many members.  The tech-sector led the US equity recovery yesterday, snapping a three-day decline.  Most of the major markets in Asia Pacific advanced but...

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Staat nutzt Crypto-Börsen zur Kontrolle des Marktes in Indien und Weißrussland

2022-04-14

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2022-04-14

Zentrale Cryptobörsen werden immer mehr zum schwachen Glied in der Kette. In Indien und Weißrussland wurde diese Woche wieder deutlich, wie der Staat die Börsen benutzen kann, um den Cryptomarkt zu kontrollieren. Crypto News: Staat nutzt Crypto-Börsen zur Kontrolle des Marktes in Indien und WeißrusslandIn Indien wurden diese Woche Einzahlungen mit Rupien auf einigen Cryptobörsen unterbunden. Zwei der größeren Börsen des Landes, WazirX und...

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Binance Sets up at Paris’ STATION F to Develop the Web.3 Ecosystem in Europe

2022-04-14

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2022-04-14

Binance, a global blockchain ecosystem and cryptocurrency infrastructure provider, announced the opening of its space in at the startup campus STATION F in Paris.

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You Know What They Say About The Light At The End Of The Tunnel

2022-04-14

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2022-04-14

In any year when gasoline prices rise 18%, that’s not going to be good for anyone except maybe oil companies who extract its key ingredient from out of the ground (or don’t, as the case can be). Yet, annual rates of increase that size do happen.

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No business can be right in a war that’s wrong

2022-04-14

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2022-04-14

Western companies should end their business relations with Russia. It is their moral duty to contribute to peace-making by their actions, says a group of business ethicists in Switzerland and Austria.

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Swiss property market faces bleak future despite record values

2022-04-14

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2022-04-14

The Covid-19 pandemic has failed to rattle the Swiss property market. Prices for apartment buildings have hit a record high. But now the war in Ukraine and rising interest rates threaten to turn the tide.

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Virginia Ends All Taxes on Purchases of Gold and Silver

2022-04-14

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2022-04-14

(Richmond, Virginia - April 12, 2022) - By signing sound money legislation last night, Virginia Governor Glenn Youngkin has ended Virginia’s discriminatory practice of assessing sales taxes on smaller purchases of gold, silver, platinum, and palladium bullion and coins.

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Real Wages Fall Again as Inflation Surges and the Fed Plays the Blame Game

2022-04-13

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2022-04-13

According to a new report released Wednesday by the US Bureau of Labor Statistics, the Consumer Price Index increased in March by 8.6 percent, measured year over year (YOY). This is the largest increase in more than forty years. To find a higher rate of CPI inflation, we have to go back to December 1981, when the year-over-year increase was 9.6 percent.

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We Still Haven’t Reached the Inflation Finale

2022-04-13

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2022-04-13

Inflations have an inbuilt mechanism which works to burn them out. Government (including the central bank) can thwart the mechanism if they resort to further monetary injections of sufficient power. Hence inflations can run for a long time and in virulent form. This occurs where the money issuers see net benefit from making new monetary injections even though likely to be less than for the initial one which took so many people by surprise.

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Former top Swiss banker convicted for fraud

2022-04-13

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2022-04-13

A Swiss court has sentenced former Raiffeisen bank chief Pierin Vincenz to almost four years in prison for fraud, forgery of documents and criminal mismanagement. Judges on Wednesday handed down a jail sentence of 43 months as well as a suspended fine of CHF840,000 ($899,858). Vincenz was also ordered to refund CHF236,000.

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Inflation Protection Strategies You Need to Implement Now

2022-04-13

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2022-04-13

This week on GoldCore TV, Dave Russell welcomes Tim Price of Price Value Partners. Tim sees the current inflationary pressures as simply the beginning of a bigger move that could end in a new monetary system.

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Produzentenfenster Globale Rezessionsuhr

2022-04-13

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2022-04-13

German optimism was predictably, inevitably sent crashing in March and April 2022. According to that country’s ZEW survey, an uptick in general optimism from November 2021 to February 2022 collided with the reality of Russian armored vehicles trying to snake their way down to Kiev. Whereas sentiment had rebounded from an October low of 22.3, blamed on whichever of the coronas, by February the index had moved upward to 54.3.

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