Tag Archive: Newspaper

Bitcoin Tops $10,100 – Fed’s Powell Says “Cryptocurrencies Just Don’t Matter”

2017-12-03

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2017-12-03

LiteCoin Price in USD, Mar - Nov 2017
Update: Cryptocurrencies are widely bid tonight with Bitcoin over $10,150, Ether holding $475, and LiteCoin topping $100 for the first time. Bitcoin has now soared over 20% since Black Friday's close, topping $10,000 for the first time in history (rising from $9,000 in just 2 days)... now up over 950% year-to-date.

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Demographic Dysphoria: Swiss Village Offers Families Over $70,000 To Live There

2017-11-28

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2017-11-28

Annual Population Growth, 1951 - 2041
Across the world, demographic dysphoria is taking shape, creating numerous headaches for governments. To avoid the next economic downturn, governments are searching for creative measures to increase population growth and deliver a sustainable economy. In Europe, a near decade of excessive monetary policy coupled with a massive influx of refugees have not been able to reverse negative population growth– first spotted in 2012.

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Switzerland: Chocolate, Watches, And Jihad

2017-02-04

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2017-02-04

swiss luck
Swiss authorities are currently investigating 480 suspected jihadists in the country. "Radical imams always preached in the An-Nur Mosque... Those responsible are fanatics. It is no coincidence that so many young people from Winterthur wanted to do jihad." — Saïda Keller-Messahli, president of Forum for a Progressive Islam.

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The US Dollar Is Now Overvalued Against Almost Every Currency In The World

2017-01-24

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2017-01-24

World Map
In September 1986, The Economist weekly newspaper published its first-ever “Big Mac Index”. It was a light-hearted way for the paper to gauge whether foreign currencies are over- or under-valued by comparing the prices of Big Macs around the world. In theory, the price of a Big Mac in Rio de Janeiro should be the same as a Big Mac in Cairo or Toronto.

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A Biased 2017 Forecast, Part 1

2017-01-05

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2017-01-05

hind-sight
A couple weeks ago I was lucky enough to see a live one hour interview with Michael Lewis at the Annenberg Center about his new book The Undoing Project. Everyone attending the lecture received a complimentary copy of the book. Being a huge fan of Lewis after reading Liar’s Poker, Boomerang, The Big Short, Flash Boys, and Moneyball, I was interested to hear about his new project.

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Deutsche Bank CEO Returns Home Empty-Handed After Failing To Reach ‘Deal’ With DOJ: Bild

2016-10-09

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2016-10-09

Following the seemingly endless procession of short-squeeze-fueling trial balloons last week - from settlement rumors to German blue-chip bailouts to Qatari investors - Germany's Bild newspaper confirms the rumors that sparked weakness on Friday: Deutsche bank CEO John Cryan has failed to reach an agreement with the US Justice Department.

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Case For -2 percent Rates, Banning Cash? Jim Grant Blasts Lunatic Proposals

2016-09-11

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2016-09-11

Looking for group think, extrapolation of extreme silliness, linear thinking, and belief in absurd models? Then look no further than Fed presidents, their advisors, and academia loaded charlatan professors. Today’s spotlight is on Marvin Goodfriend, a former economist and policy advisor at the Federal Reserve’s Bank of Richmond, and Ken Rogoff, a chaired Harvard economics professor, a one-time chief economist at the International Monetary Fund.

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Two More Banks Start Charging Select Clients For Holding Cash

2016-08-19

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2016-08-19

Bank of Ireland, which is 14% owned by the State, has informed its large corporate and institutional customers that it plans to charge them a negative rate of -0.1% for deposits of €10 million or more starting in October.

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“It’s Prohibited By Law” – A Problem Emerges For Japan’s “Helicopter Money” Plans

2016-07-14

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2016-07-14

Over the past four days, risk assets have been on a tear, led by the collapsing Yen and soaring Nikkei, as the market has digested daily news that - as we predicted last week - Bernanke has been urging Japan to become the first developed country to unleash the monetary helicopter, in which the central banks directly funds government fiscal spending, most recently with an overnight report that Bernanke has pushed Abe and Kuroda to sell perpetual...

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Stockman Rages: Ben Bernanke Is “The Most Dangerous Man Walking This Planet”

2016-07-12

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2016-07-12

Ben Bernanke is one of the most dangerous men walking the planet. In this age of central bank domination of economic life he is surely the pied piper of monetary ruin. At least since 2002 he has been talking about “helicopter money” as if a notion which is pure economic quackery actually had some legitimate basis.

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Another Sexual Assault Gets Refugees Banned From Pools In Austria

2016-06-27

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2016-06-27

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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Switzerland Withdraws Application To Join EU: Only “Lunatics May Want To Join Now”

2016-06-17

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2016-06-17

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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Migrant Rape Epidemic Reaches Austria

2016-05-05

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2016-05-05

Submitted by Soren Kern via The Gatestone Institute, A 20-year-old asylum seeker from Iraq confessed to raping a 10-year-old boy at a public swimming pool in Vienna. The Iraqi said the rape was a "sexual emergency" resulting from "excess sexual ene...

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Swiss Politicians Slam Attempts To Eliminate Cash, Compare Paper Money To A Gun Defending Freedom

2016-02-19

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2016-02-19

As we predicted over a year ago, in a world in which QE has failed, and in which the ice-cold grip of NIRP has to be global in order to achieve its intended purpose of forcing savers around the world to spend the taxed product of their labor, one thi...

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