Tag Archive: Featured

What We Don’t Elect Matters Most: Central Banking and the Permanent Government

2020-11-05

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2020-11-05

The rich get richer, 1980-2012
We're Number One in wealth, income and power inequality, yea for the Fed and the Empire! If we avert our eyes from the electoral battle on the blood-soaked sand of the Coliseum and look behind the screen, we find the powers that matter are not elected: our owned by a few big banks Federal Reserve, run by a handful of technocrats, and the immense National Security State, a.k.a. the Permanent Government.

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The Benefits of Secession Are Becoming Increasingly Obvious

2020-11-05

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2020-11-05

Audio Mises Wire
"Countries threaten to split apart when their people seem hopelessly divided…. We’re less united today than we’ve been at any time since the Civil War."

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Why Threats of Election Violence May Be Here to Stay

2020-11-05

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2020-11-05

Both private sector businesses and police departments believe there is a good chance there will be postelection unrest. Both groups are taking steps to protect themselves in case of riots. Some left-wing protest groups state they plan to do “whatever it takes” to make sure the correct candidate—i.e., Joe Biden—wins. The National Guard has mobilized in several states in anticipation of riots.

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Meanwhile, Outside Today’s DC

2020-11-05

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2020-11-05

German Economy, 2012-2020
With all eyes on Washington DC, today, everyone should instead be focused on Europe. As we’ve written for nearly three years now, for nearly three years Europe has been at the unfortunate forefront of Euro$ #4. We could argue about whether coming out of GFC2 back in March pushed everything into a Reflation #4 – possible – or if this is still just one three-yearlong squeeze of a global dollar shortage.

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Which US president would be best for Swiss business?

2020-11-05

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2020-11-05

Swiss-US trade has been booming in recent years. Would it be better for the Alpine country to stick with the current set-up or trust in a potentially more conciliatory new American president?  

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Meet me at the the online ‘piazza’!

2020-11-04

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A woman living in a southern Swiss town noticed that people around her felt isolated and wanted to connect and share things but didn't know how. So she created the "smart village": a virtual town square. Monica Rush Solcà from the Italian-speaking region of Ticino set up a platform where people can meet and share things. The concept was later used in other towns in the region, with group members hosting events to advertise the service....

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FX Daily, November 4: Indecision Keeps Investors on Edge, but the Dollar Rides High

2020-11-04

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2020-11-04

Initially, the markets built on Tuesday's price action, but as soon as a few counties in Florida indicated that it was not going to be the "blue wave," risk came off, and it was most evident in the bond and currency markets. Equities rallied in the Asia Pacific area, and all but Hong Kong, Australia, and Indonesia advanced. 

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A New World Monetary Order Is Coming

2020-11-04

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2020-11-04

The global coronavirus pandemic has accelerated several troubling trends already in force. Among them are exponential debt growth, rising dependency on government, and scaled-up central bank interventions into markets and the economy. Central bankers now appear poised to embark on their biggest power play ever.

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Swiss Consumer Price Index in October 2020: -0.6 percent YoY, 0.0 percent MoM

2020-11-04

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2020-11-04

Switzerland Consumer Price Index (CPI) YoY, October 2020
The consumer price index (CPI) remained stable in October 2020 compared with the previous month, remaining at 101.2 points (December 2015 = 100). Inflation was –0.6% compared with the same month of the previous year.

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Covid: Geneva goes into semi-lockdown

2020-11-04

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2020-11-04

On Sunday 1 November 2020, Geneva’s government announced the canton would go into semi-lockdown.

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Our Imperial Presidency

2020-11-04

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2020-11-04

US defense budget
Regardless of who holds the office, America's Imperial Project and its Imperial Presidency are due for a grand reckoning. While elections and party politics generate the emotions and headlines, the truly consequential change in American governance has been the ascendancy of the Imperial Presidency over the past 75 years, since the end of World War II.

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FOMC Preview: Coronavirus Daily Change

2020-11-04

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2020-11-04

Coronavirus Daily Change, 2020
The two-day FOMC meeting starts tomorrow and wraps up Thursday afternoon. While no policy changes are expected, we highlight what the Fed may or may not do. We expect a dovish hold, with Powell underscoring the growing downside risks facing the US economy in Q4.

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Socialists Have Never Shown How They Could Increase the Standard of Living

2020-11-04

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2020-11-04

Marxism sees the coming of socialism as an inescapable necessity. Even if one were willing to grant the correctness of this opinion, one still would by no means be bound to embrace socialism. It may be that despite everything we cannot escape socialism, yet whoever considers it an evil must not wish it onward for that reason and seek to hasten its arrival; on the contrary, he would have the moral duty to do everything to postpone it as long as...

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Covid: 6,200 new cases as Swiss hospitals reach breaking point

2020-11-04

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2020-11-04

On 3 November 2020, Switzerland’s Federal Office of Public Health (FOPH) reported 6,216 new cases of SARS-CoV-2 infection over 24 hours, bringing the total to 182,303. © Stefan Amer | Dreamstime.comThe number of tests over the last 24 hours was lower than last week. On Friday 30 October 2020, 38,211 tests were conducted with a positivity rate of 24%. Over the last 24 hours, 22,177 tests were conducted with a positivity rate of 28%. Lower...

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FX Daily, November 3: Risk Appetites Return as the US Goes to the Polls

2020-11-03

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2020-11-03

More than 95 mln Americans voted before today, and many observers warn of a cliffhanger that could be decided in the courts. The polls sand surveys show strong odds in favor of a Democratic sweep. Looking at the capital markets, nothing looks amiss. 

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Coronavirus: 21,926 cases in Switzerland over 72 hours

2020-11-03

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2020-11-03

On 2 November 2020, Switzerland’s Federal Office of Public Health (FOPH) reported 21,926 new cases of SARS-CoV-2 infection over 72 hours, bringing the total to 176,177.

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Dollar Firm at Start of Very Eventful Week

2020-11-03

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2020-11-03

Brent Futures, 2020
Oil prices continue their rapid decline due to both supply and demand concerns; the dollar is trading at the top end of recent trading ranges. This is one of the most eventful weeks for the markets in recent memory; one day ahead of the elections, the implied odds remain roughly at the same levels as they have been for the last few weeks; October ISM manufacturing PMI will start the ball rolling for a key US data week.

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Jeff Deist on Hoppe’s Democracy: The God That Failed

2020-11-03

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2020-11-03

Why don't elections bring harmony and closure rather than ever greater political friction? Hans-Hermann Hoppe explained all of the fundamental problems with mass democracy more than 20 years ago in Democracy: The God That Failed.

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Recovery: GDP vs MPoD, 2 November

2020-11-03

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2020-11-03

Silver Basis and Co-basis and the Dollar Price
On Wednesday last week, the price of silver dropped from over $24.25 to just a bit over $23 before bouncing back to around $23.50. The next day, the price dropped again, briefly to around $22.60 before mostly recovering (but a dime to a quarter down).

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17 States that Charge Estate or Inheritance Taxes

2020-11-03

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2020-11-03

State Estate & Inheritance Tax Rates & Exemptions in 2020
Death tax, inheritance tax, estate tax—call it what you will, they all mean that some government entity wants to put its hand in your pocket or your heirs’ pockets, after your demise.

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