Category Archive: 1.) English Posts on SNB

Filter archive by: Show All Show only Articles Show only Videos

“Vollgeld – Was spricht dagegen? (Sovereign Money—What are the Problems?),” RABE, 2018

2018-05-19

Die Vollgeld-Initiative will die Schweizer Geldpolitik komplett umkrempeln. Künftig soll nur noch die Nationalbank Geld herstellen dürfen, sowohl Banknoten und Münzen als auch das elektronische Geld. Die Schweizer Geschäftsbanken wie die UBS oder die CS, die heute 90% des elektronischen Geldes herstellen, soll das künftig verboten sein.

Read More »

Clapper – Spying On Trump “Was Good Thing”

2018-05-18

by Tyler Durden

“Was Vollgeld bringt – und was nicht (Sovereign Money—Pluses and Minuses),” SRF, 2018

2018-04-30

by Dirk Niepelt

2018-04-30

Wer soll Franken herstellen dürfen? Nur die Schweizerische Nationalbank, oder auch die Geschäftsbanken wie UBS, CS oder die Kantonalbanken? Ginge es nach der Vollgeld-Initiative, über die wir am 10. Juni abstimmen, wäre künftig klar: Geld als gesetzliches Zahlungsmittel gäbe es nur von der SNB.

Read More »

Elektronisches Zentralbankengeld hat Vorteile

2018-04-13

by Dirk Niepelt

2018-04-13

Die Schweizerische Nationalbank hat dem E-Franken eine Absage erteilt – zu Unrecht, sagt Dirk Niepelt im Interview mit finews.ch. Der Direktor des SNB-nahen Studienzentrums Gerzensee erklärt, warum digitales Geld Vorteile bringt. Vergangene Woche hat sich Andréa Mächler, Mitglied des dreiköpfigen Direktoriums der Schweizerischen Nationalbank (SNB), kritisch zur Einführung eines elektronischen Frankens durch die SNB geäussert, wie auch finews.ch...

Read More »

CA Whistleblower

2018-03-27

by Tyler Durden

Too early for Switzerland’s central bank to change policy…

2018-03-15

by Nadia Gharbi

2018-03-15

Switzerland: headline inflation and SNB inflation forecasts

At its latest quarterly monetary policy assessment unveiled today, the Swiss National Bank (SNB) maintained its accommodative monetary policy. The target range for the 3-month Libor was kept between -1.25% and -0.25%, the interest rate on sight deposits with the SNB was maintained at a record low of -0.75%, and the central bank reiterated its willingness to intervene in the foreign exchange market if needed.

Read More »

Europe chart of the week – SNB FX intervention

2018-03-10

by Nadia Gharbi

2018-03-10

SNB FX Intervention, Feb 2015 - Feb 2018

In the wake of the financial crisis, the Swiss National Bank (SNB) increased massively the monetary base to provide liquidity and limit the Swiss franc’s appreciation. The expansion in the monetary base can essentially be seen in the form of an increase in sight deposits held by domestic Swiss banks at the SNB.

Read More »

SNB Rejects Vollgeld and Questions ‘Reserves for All’

2018-01-17

by Dirk Niepelt

2018-01-17

In the NZZ, Peter Fischer reports that SNB president Thomas Jordan rejects the Vollgeld initiative and stops short of endorsing the ‘reserves for all’ proposal.

Read More »

In Unprecedented Intervention, Swiss Central Bank Bails Out Firm That Prints Swiss Banknotes

2017-12-21

by Tyler Durden

2017-12-21

In the most ironic story of the day, the company that makes the paper that Swiss banknotes are printed on was just bailed out by the money-printing, stock-purchasing, plunge-protecting, savior-of-global equities…Swiss National Bank. While The SNB has a long and checkered history of buying shares in companies… as we have detailed numerous times.

Read More »

Bubble Watch: Warning Signs That The Everything Bubble Will Burst in 2018

2017-12-20

by Graham Summers

2017-12-20

I believe 2018 will be the year inflation arrives. The reason, as I’ve noted throughout mid-2017, is that multiple Central Banks, particularly the European Central Bank (ECB), Bank of Japan (BoJ) and Swiss National Bank (SNB) have maintained emergency levels of QE and money printing, despite the fact that globally the economy is performing relatively well.

Read More »

Swiss Perfectionism

2017-12-18

by Dirk Niepelt

2017-12-18

Kostensteigerung bei der SNB, 2006 - 2016

In Der Bund, Adrian Sulc comments on the Swiss National Bank’s perfectionism. Keine andere Schweizer Organisation kommuniziert so professionell wie die SNB, keine andere Organisation kann so gut dichthalten. Perfectionism is costly. Der Personalbestand ist in den letzten fünf Jahren um 18 Prozent auf 795 Vollzeitstellen gestiegen. … Die durchschnittlichen Lohnkosten pro Mitarbeiter betragen mittlerweile 155 000 Franken pro Jahr. Dies weil gemäss...

Read More »

Trump Mueller

2017-12-17

by Tyler Durden

Jim Grant: “Markets Trust Too Much In The Presence Of Central Banks”

2017-12-15

by Christoph Gisiger

2017-12-15

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.

Read More »

Liesman Bitcoin Stocks

2017-12-13

by Tyler Durden

SNB: It’s A Bonfire Of The Absurdities

2017-11-21

by John Mauldin

2017-11-21

This week’s letter will take a look at the growing number of ridiculous, inane, and otherwise nonsensical absurdities that fill the daily economic headlines. I have gone from the occasional smile to scratching my head now and then to “WTF” moments several times a week.

Read More »

The Swiss National Bank Now Owns A Record $88 Billion In US Stocks

2017-11-04

by Tyler Durden

2017-11-04

Value of Swiss National Bank US Stock Holdings, Jun 2014 - Sep 2017

In the third quarter of 2017, one in which the global economy was supposedly undergoing an unprecedented "coordinated growth spurt", and in which central banks were preparing to unveil their QE tapering intentions, in the case of the ECB, or raising rates outright, at the Fed, what was really taking place was another central bank buying spree meant to boost confidence that things are now back to normal, using "money" freshly printed out of thin...

Read More »

The new 10 Swiss franc note hand mystery

2017-10-12

by Le News

2017-10-12

The third in a series of gorgeous new Swiss franc bank notes will be released by the Swiss National Bank (SNB) on October 18th. The 10-franc note keeps its yellow colour, but most everything else in the design and construction is different. What’s most remarkable about the new bank note? Not the 40 centimes or so it takes to make each note, nor that each note is projected to last only about a year. Not the sophisticated security measures, including...

Read More »

Is The Swiss National Bank A Fraud?

2017-09-24

by Tyler Durden

2017-09-24

The price of shares in The Swiss National Bank is up 11 days in a row, soaring 150% in the last two months. That sounds like a 'tulip' bubble-like 'fraud'... The SNB is up over 120% in Q3 so far - more than double 'bubble' Bitcoin...

Read More »

Fed’s Asset Bubbles Now At The Mercy Of The Rest Of The World’s Central Bankers

2017-09-23

by Tyler Durden

2017-09-23

"Like watching paint dry," is how The Fed describes the beginning of the end of its experiment with massively inflating its balance sheet to save the world. As former fund manager Richard Breslow notes, however, Yellen's decision today means the risk-suppression boot is on the other foot (or feet) of The SNB, The ECB, and The BoJ; as he writes, "have no fear, The SNB knows what it's doing."

Read More »

Swiss National Bank Bubble Regains Lead Over Bitcoin

2017-09-22

by Tyler Durden

2017-09-22

But as Bitcoin rebounded from its China challenges, it overtook The SNB once again as bubbliest bubble. However, a 13% spike in the share price of The Swiss National Bank today has put an end to that leaving the central bank back in first place among the melter-uppers...

Read More »