Monthly Archive: May 2022

2021 investierten 12 Prozent der Amerikaner in Cryptocoins

2022-05-24

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2022-05-24

Dies sagt ein Bericht der US-Zentralbank. Das Federal Reserve Board veröffentlichte die Zahl im Zusammenhang mit dem Economic Well-Being of US-Households in 2021 Report. Dies ist das erste Mal, dass offizielle Zahlen zu diesem Thema aus den USA veröffentlicht wurden.

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“Gold is an insurance policy against the stupidity of governments”

2022-05-24

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2022-05-24

Interview with Bob Moriarty As I mentioned many times before, trying to accurately forecast economic events or to “time the market” is a fool’s errand. To the chagrin of all central planners, mainstream analysts and all kinds of “experts”, the economy is a vastly complex, living organism, with too many parameters and too many moving parts to make it predictable or tamable.  That being said, understanding monetary and geopolitical history...

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Understanding Russia’s War: The Strange Philosophy of Aleksandr Dugin

2022-05-24

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2022-05-24

Russians are "eschatologically chosen." They must stand against the false faith, the pseudoreligion of Western liberalism and the spread of its evil: modernity, scientism, postmodernity, and the new world order. This is the thesis of Aleksandr Dugin, the prominent Russian philosopher, and a mentor of the Russian president Vladimir Putin.

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It Just Might Be Time to Listen to the Austrians

2022-05-23

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2022-05-23

While it is sometimes portrayed as a trivial assortment of anecdotes and odd or mistaken experiments, stripped of its hyperbole and properly contextualized, behavioral economics can offer insights to Austrians seeking to optimize their own outcomes.

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The Solution for Social Media Spam Bots Is Already Here

2022-05-23

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2022-05-23

The right of free speech should not be confused with an obligation for privately owned enterprises to allow spamming and spoofing under the guise of free speech. The problem of bots on Twitter is in the news. This is of course a problem in all social media: fake accounts, spamming accounts, spoofing (expropriating your identity) accounts, and so on, all courtesy of anonymous account creation.

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Swiss banks rigorously implementing international sanctions on Russia

2022-05-23

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2022-05-23

Russia’s war of aggression against Ukraine is unacceptable, and wide-ranging international sanctions have rightly been imposed in response to it. The Swiss banks support these without reservation, and are implementing not only the sanctions ordered by the Swiss Federal Council, but also those of international and supranational authorities and bodies.

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Switzerland ranked second-worst global facilitator of tax avoidance

2022-05-22

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2022-05-22

Switzerland has moved from third to second in an annual ranking of the worst global tax havens. Overall however, the country is going in the right direction, reports the Tax Justice Network.

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Understanding Gold and the Death Blow to Crypto

2022-05-22

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2022-05-22

CEO of Monetary Metals Keith Weiner sits down with Matthew Piepenburg of Matterhorn Asset Management to discuss gold, fiat and crypto. What is real wealth? What’s the relationship between interest rates and Bitcoin? Do central banks know what they are doing? Matt and Keith sit down to discuss it all.

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Nickel: How Government Alchemists Turned a Base Money Hard and Now Are Expected to Kill It.

2022-05-22

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2022-05-22

The nickel, the once popular US five-cent coin, is known for its nickel content (25 percent nickel and 75 percent copper). It originated as a type of fiat money in that its intrinsic metal value was far less than the purchasing power stamped on it. The final act in the illustrative monetary career of the nickel is expected to be extinction, as with the penny, as inflation increases the coin's cost of production and reduces its real purchasing...

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Shipping Around Retail ‘Inflation’

2022-05-22

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2022-05-22

This whole “inflation” scenario isn’t really that difficult to piece together, effect from cause. Sure, Jay Powell’s trying to nuke it by hiking the federal funds rate, but no one really uses fed funds and the problem isn’t the unsecured cost of borrowing bank reserves (not money) that are literally overflowing.

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Bitcoin Pizza Day rückt Kursabfall ins rechte Licht

2022-05-21

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2022-05-21

Der alljährliche Bitcoin Pizza Day findet morgen, am 22. Mai, statt. Er zelebriert den Kauf einer Pizza mit Bitcoin, der vor 12 Jahren stattfand und die erste Transaktion eines physischen Produktes gegen Bitcoin symbolisiert.

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The Epidemic Nobody Talks About: Burnout

2022-05-21

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2022-05-21

Burnout makes everyone uncomfortable, so it's largely a silent epidemic. Epidemics are not just biological in origin. A strong case can be made that a silent epidemic has been sweeping the nation for years, an epidemic few acknowledge: burnout.

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Complicity in crimes against humanity: court upholds charge against Lafarge

2022-05-21

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2022-05-21

A Paris appeals court has confirmed that the cement firm Lafarge must face charges of complicity in crimes against humanity over alleged payoffs to Islamic State group and other jihadist groups during Syria's civil war. Lafarge is now part of the Swiss Holcim cement group, which says it will appeal the decision.

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The Unborns’ Dying Wish: The Abortion of the Fed

2022-05-21

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2022-05-21

In a moment that would have made the progressive eugenicist Margaret Sanger proud, former Fed chair Janet Yellen extoled the virtues of high abortion rates among poor women, as they allow them to have higher labor force participation rates.

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Central Banks…Why Bother?

2022-05-21

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2022-05-21

Central banks…why bother? Inflation is here and it cannot be contained. US inflation is touching a 40-year high, the UK has hit the 40-year high, and the EU’s has already hit an all-time high.

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Swiss government presents plans to boost gas reserves

2022-05-20

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2022-05-20

The Swiss government has outlined its plans to boost gas storage capacity in neighbouring countries to secure supplies ahead of winter. Gas makes up roughly 15% of Switzerland’s final energy consumption and is mostly used for heating and cooking. Around half of this comes from Russia.

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New Russia/China Gold Backed Currency Imminent

2022-05-20

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2022-05-20

We were delighted to welcome Simon Hunt to GoldCore TV this week. David Russell interviewed the expert economist and global observer to ask him about the Russia-Ukraine war, central bank tightening, and the future of the US Dollar hegemony.

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Looking Back At Chaotic March Through TIC

2022-05-20

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2022-05-20

March ended up being a pretty wild ride. Lost amidst the furor over Russia’s invasion of Ukraine, the month began with a couple clear “collateral days. T-bill rates along with repo fails echoed that same shortfall before the yield curve then joined the eurodollar futures curve being inverted.

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Was Jean-Baptiste Say a Market Anarchist?

2022-05-20

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2022-05-20

Jean-Baptiste is certainly best known for his famous Law of Markets (la loi des débouchés) also referred to as Say's Law. Though Say's Law is one of the key points of the classical school of economics, the manner in which this obvious proposition has been distorted and misinterpreted in a significant number of economic textbooks as well as in lectures of certified professors of economics is simply perplexing.

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McDonald’s Closes All Stores in Russia as Woke Russophobes Rage

2022-05-20

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2022-05-20

McDonald's Corporation has announced that it will permanently leave Russia, closing 850 outlets. The company's chief executive, Chris Kempczinski, explained that the move was motivated by "the humanitarian crisis caused by the war in Ukraine" and that the current situation does not offer "the same hope and promise that led us to enter the Russian market 32 years ago."

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