Category Archive: 3.) Global News on Switzerland Economist
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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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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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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Why An Ex-Credit Suisse Banker In Brazil Made More Money Than The CEO
Ever had to testify in a trial involving your father's dealings in corrupt activities, and as a result had your tax records leaked for all of the public to see? Sergio Machado, the ex-head of Credit Suisse's Brazil fixed-income business has, and now ...
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Switzerland Withdraws Application To Join EU: Only “Lunatics May Want To Join Now”
Resentment toward the EU hit a new high yesterday when the upper house of the Swiss parliament on Wednesday followed in the footsteps of Iceland, and voted to invalidate its 1992 application to join the European Union, backing an earlier decision by ...
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IIF Chief Warns “Brexit Bigger Threat To Global Economy Than Lehman”
As Brexit appears to gathering pace among British voters, Bloomberg Briefs interviews Hung Tan, executive managing director at the Institute of International Finance in Washington, DC., to understand the global impact of a decision by Britain to leav...
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Faber: “Switzerland doing much better than any other country in Europe. So Britain should do the same?”
The European Union is an "empire that is hugely bureaucratic," warns Marc Faber, telling CNBC that he thinks that "a Brexit would be bullish for global economic growth," because "it would give other countries incentive to leave the badly organized EU...
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