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Tag Archives: Switzerland

Terrorists In Germany’s Parliament?

Authored by Bruce Bawer via The Gatestone Institute, Even as Germany is increasingly cracking down on criticism of Islam, it appears prepared to give a genuine Islamic terrorist group the opportunity to win seats in its parliament... In a remarkable decision taken at the end of August, Germany's Interior Ministry declined to bar the Popular Front for the Liberation of Palestine (PFLP) -- listed as a terrorist organization by the US, Canada, the European Union, and Australia -- "from...

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“Monster” Irma Is Now The Strongest Atlantic Hurricane On Record As Florida Preps For “Catastrophe”

Update 3: The Irma hits just keep on coming, with the NHC Atlantic Ops twitter page reporting that as of this moment, Irma is now the stronger hurricane in the Atlantic basin outside of the Caribbean Sea and Gulf of Mexico in NHC records. “Preparations should be rushed to completion in the hurricane warning area,” the NHC said. #Irma is the strongest #hurricane in the Atlantic basin outside of the Caribbean Sea & Gulf of Mexico in NHC records https://t.co/tW4KeGdBFb...

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Precious Metals Outperform Markets In August – Gold +4%, Silver +5%

Precious Metals Outperform Markets In August – Gold +4%, Silver +5%  - All four precious metals outperform markets in August- Gold posts best month since January, up nearly 4%- Gold reaches highest price since US election, climbs due to uncertainty and safe haven demand- S&P 500 marginally higher; Euro Stoxx, Nikkei lower for month- Platinum is best performing metal climbing over 5%- Palladium climbs over 4% thanks to seven year supply squeeze- Fear, uncertainty and political sanctions...

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Palladium Suddenly Spikes To 16-Year Highs

Amid hope for reinvigorated auto production (after Hurricane Harvey's destruction) and yesterday's escalation in US-Russia tensions (Russia being the world's largest producer), spot Palladium is spiking today, hitting its highest since record highs in January 2001. While the entire gamut of industrial and precious metals have been rising recently (the latter on the back of Chinese demand hype), Palladium prices exploded today out of nowhere (biggest jump in 7 months). Pushing the precious...

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A Thought Experiment On Why Wages Are So Weak

By Steven Englander, head of research and strategy at Rafiki Capital Management I propose a microeconomic rationale for why macro wage performance is so weak, despite tight labor markets. The idea is that we are getting paid less for our job-specific knowledge because technology is making it easier to replace us without major loss of productivity with less skilled workers. The implications for markets: Flattish Phillips curve and low wage inflation continue for an indefinite period Living...

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Thrill-Seeking Chinese Tourists Rush To Visit North Korea “Before The Regime Collapses”

While nearly two-thirds of Americans view North Korea as a “serious threat” and most would rather vacation literally anywhere else following the death of college student Otto Warmbier, Chinese adventure-seekers are visiting the North in ever-greater numbers, according to Reuters. The wave of tourism has been inspired by the fear that the latest escalation between Pyongyang and Washington might lead to the toppling of the Kim regime, which has successfully kept the forces of modernization at...

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Gold Up 2%, Silver 5% In Week – Gundlach, Gartman and Dalio Positive On Gold

Gold Up 2.3%, Silver 5.3% In Week - Gundlach, Gartman and Dalio Positive On Gold - Gold is up 2.3% this week and silver has surged nearly 5.3% as stocks sell off on geopolitical risk- Billionaire fund managers and commodities experts increasingly positive on gold- Risks are rising, and everybody should put 5% to 10% of their assets in gold - Dalio- Dalio's Bridgewater, world's largest hedge fund, warned clients that geopolitical risks are rising- 'Gold is about break out on the upside...

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The Secret History Of The Banking Crisis

Authored by Adam Tooze via ProspectMagazine.co.uk, Accounts of the financial crisis leave out the story of the secretive deals between banks that kept the show on the road. How long can the system be propped up for? It is a decade since the first tremors of what would become the Great Financial Crisis began to convulse global markets. Across the world from China and South Korea, to Ukraine, Greece, Brexit Britain and Trump’s America it has shaken our economy, our society and latterly...

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ICOs On Track To Raise $1.7 Billion As Firms Ignore SEC’s “Tokens Are Securities” Ruling

Two weeks ago, the Securities and Exchange Commission declared that the virtual tokens issued during an initial coin offering, an increasingly popular funding mechanism for blockchain startups, are considered securities and are therefore subject to a litany of regulatory strictures, including the need to register any pending offerings with the agency.   The SEC’s decree was expected to slow the pace of new ICOs, as startups scrambled to hire legal counsel and figure out how, exactly, to...

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Can Switzerland Survive Today’s Assault On Cash And Sound Money?

Authored by Marcia Christoff-Kurapovna via The Mises Institute, “Switzerland will have the last word,” wrote Victor Hugo in the late 19th century. “It possesses one of the most perfect forms of government in the world.” A contemporary of his, Frederick Kuenzli, a scholar of the Swiss Army, boasted: “No purer type of Republican ideals, no more fixed and devoted adherence to those ideals can be found in all the world than in Switzerland.” On many levels, there is reason to believe that,...

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