Category Archive: 3.) Global News on Switzerland

Vancouver tops list of cities at risk of housing bubble. Zurich 9, Geneva 11.

Vancouver, London and Stockholm rank as the cities most at risk of a housing bubble after a surge in prices in the past five years, according to a UBS Group AG analysis of 18 financial centers. Sydney, Munich and Hong Kong are also facing stretched valuations, UBS said in its 2016 Global Real Estate Bubble Index report, released Tuesday. San Francisco ranked as the most overvalued housing market in the U.S., while not yet at bubble risk.

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Un-Becoming American – One Man’s Painful Journey To Renouncing Citizenship

In April 2012, I returned to Switzerland – my country of birth – to commence a new phase of my adult life. Naturally, one of the first steps to undertake when establishing oneself in a new country is to open a bank account. I went down to the local Raiffeisen bank branch in the village of Aesch, Luzern, where my relatives and ancestors had lived and worked as farmers for over 10 generations.

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Europe Debates The Burkini: “We Will Colonize You With Your Democratic Laws”

"We will colonize you with your democratic laws." — Yusuf al-Qaradawi, Egyptian Islamic cleric and chairman of the International Union of Muslim Scholars. "Beaches, like any public space, must be protected from religious claims. The burkini is an anti-social political project aimed in particular at subjugating women.

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Gold Withdrawals From The NY Fed Accelerate, Hit 388 Tons Since 2014

First it was Germany who redeemed 120 tons of physical gold from the NY Fed in 2014; then it was the Netherlands who "secretly" redomiciled 122 tons of gold; then last May, we learned that Austria would be the third "core" European nation to repatriate most of its offshore gold, held primarily in the Bank of England, redepositing it in Vienna and Switzerland.

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2 Men, 3 Women 6-Year-Old Kid Burned, Stabbed By 27-Year-Old Attacker On Swiss Train

Seven people are in hospital with stab wounds and burns, police say, after an attack on a train near St.Gallen, Switzerland. The man set the train carriage on fire using a flammable liquid and also stabbed passengers, including a six-year-old child, police said. Details are sparse for now but The BBC reports, the suspected attacker, described as a Swiss man aged 27, was also taken to hospital after the incident near Salez in St Gallen Canton.

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Massive Majority Of Europeans Disapprove Of EU Handling Of Refugee Crisis

When the history books are finally written, I believe the tone-deaf handling of the refugee crisis by EU bureaucrats will be seen as one of the primary catalysts in the ultimate disintegration of the European Union. Although I knew many millions across the eurozone were irate about how the refugee crisis was being handled, I had no idea how irate they were until I read the results of a recent survey by the Pew Research enter.

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Brexit: BoE Governor Not Optimistic

Stateside, this is a holiday shortened trading week, one that will be dominated by two fundamental events - Wednesday's FOMC minutes and Friday's non-farm payroll (NFP) report for June. With no surprises expected in the minutes, both dealers and investors have very much priced out any possibility of a U.S rate hike occurring within the next 18-months. In respect to the jobs report, is it possible that the U.S can print two disappointing numbers...

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If the UK Economy Tanks, Don’t Blame Brexit

If the process of wealth generation is currently in good shape then Britain’s exit from the EU shouldn’t have any negative effect on real economic growth. This, however, might not be the case. It is likely that the reckless monetary policy of central banks in the UK and the eurozone has inflicted a severe damage to the process of real wealth formation.

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Who’s Next to Exit? France… or Maryland?

Bonner discusses who will be the next country to exit the EU: The Netherlands, France or Italy. Who will exit the UK: maybe Scotland or Northern Ireland, or will exit the U.S. Examples: Texas or Maryland.

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Swiss Sovereign money initiative: war on bankers but not on central banksters

Iceland has gained the admiration of populists in recent years by doing that which no other nation in the world seems to be willing or capable of doing: prosecuting criminal bankers for engineering financial collapse for profit.

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“Brexit Sends A Clear Message To Sick Political Elite” Marc Faber Sees “Only Good Contagion”

"We're moving into a global recession that has nothing to do with Brexit," warns Marc Faber stressing that Britain leaving the EU would not be disastrous, saying that if Switzerland can operate in a "single" market and outside of the EU so can Britain.

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Quitting the Cucumber Affair

  Winners and Quitters Vince Lombardi, the famous American football coach, once said, “Winners never quit and quitters never win.”  Maybe he meant that winners overcome obstacles to reach their goals while quitters give up and fall short… or somethin...

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Another Sexual Assault Gets Refugees Banned From Pools In Austria

Authorities in the Austrian town of Mistelbach issued a temporary pool ban for refugees following a sexual assault by a “dark-skinned’ man on a 13-year-old girl. German and Swiss are issuing leaflets how to behave in pools.

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Panama Tax Haven Scandal: The Bigger Picture

The “Panama Papers” tax haven leak is big … After all, the Prime Minister of Iceland resigned over the leak, and investigations are taking place worldwide over the leak. But the Panama Papers reporting mainly focuses on friends of Russia’s Putin, Ass...

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Britain’s Dreams of a ‘Swiss Miracle’ Look More Like Fantasy

To help explain why the British voted to leave the European Union, look to Switzerland. The famously neutral Swiss rejected membership in the European Economic Area, a potential steppingstone to the European Union, in a 1992 referendum, but Switzerland didn’t formally withdraw its dormant application until last week, when the Swiss Parliament decided to terminate it.

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Rule Britannia

What a glorious day for Britain and anyone among you who continues to believe in the ideas of liberty, freedom, and sovereign democratic rule. Against all expectations, the leave camp somehow managed to push the referendum across the center line, with 51.9% of voters counted electing to leave the European Union.

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British Discontent About The EU: Only A Precursor To Unrest On The Continent

Britain leaves the EU and if the reaction to Brexit causes years of uncertainty, the EU will reap what it has sowed. British discontent is only a precursor to unrest on the Continent, where populists from across the political spectrum feel they have lost control over their fate, and are gaining popularity

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Who Is The “European Movement” And Why The Answer May Change How You Vote On “Brexit”

The UK has to choice: Remain as sovereign state or merge it into the undemocratic United States of Europe. Big business, banks, central banks and the IMF want to excercise their power through unelected officials. And wonder who is responsible for the "European Movement."

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The British Referendum And The Long Arm Of The Lawless

Kings have long arms, many ears, and many eyes.” So read an English proverb dated back to the year of our Lord 1539. And thus was born an idiom that today translates to the very familiar Long Arm of the Law. It stands to reason that such a warning was born of feudal times when omnipotent and seemingly omnipresent monarchs personified the law.

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World’s Central Bankers Gathering At BIS’ Basel Tower Ahead Of Brexit Results

What happens on the 18th floor of the main tower at Centralbahnplatz 2 in Basel, stays on the 18th floor of the main tower at Centralbahnplatz 2.

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