Switzerland

Tyler Durden's picture

The UN Plans To Implement Universal Biometric Identification For All Of Humanity By 2030





Did you know that the United Nations intends to have biometric identification cards in the hands of every single man, woman and child on the entire planet by the year 2030?  And did you know that a central database in Geneva, Switzerland will be collecting data from many of these cards?

 
Tyler Durden's picture

Withdrawals Of Gold From NY Fed Jump To 20 Tons In September, Total 276 Tons Since 2014





In September, the total physical gold held in custody at the NY Fed dropped another 19.9 tons in September, down to 5,919.5 tons. This was a doubling in gold withdrawals from 10 tons in August, and is the highest withdrawal since January. At just under 5,920 total tons in NY Fed inventory, this is the lowest amount of gold held in NY Fed custody in decades.

 
Tyler Durden's picture

The Latest (and Dumbest) Central Bank Fraud





Investors are aware that the market is manipulated... and it doesn’t seem to worry them. They don’t fight the Fed; they sit down at the table with it. They play the game. And so far, they have done well. But now... She will signal that, soon, the central bank will begin the long return to “normalcy.” Don’t believe it. The entire system depends on abnormality.

 
Tyler Durden's picture

Here Is Goldman's "Exhibit A" Why The ECB's Monetary Policy Has Been A Failure





"... judging from market-based implied measures of longer-term inflation expectations, the effectiveness of the ECB’s announcements has proved limited so far."

- Goldman Sachs

 
Tyler Durden's picture

BofA Looks At Europe's Record €2.6 Trillion In Negative-Yielding Debt, Is Shocked At What It Finds





"The rise in household savings rates amid so much central bank support is paradoxical to us, and mimics what we highlighted in the credit market earlier this year. Companies in Europe are deleveraging, not releveraging"

 
Tyler Durden's picture

NIRP Panic: Over Half Of European 2-Year Bonds Trade At Record Negative Yields; Italy Paid To Issue Debt





Europe has unleashed yet another monetary panic, and nowhere is it more visible than in what happened today across the short end of Europe's government curve.  As the table below shows, more than half of European sovereign issuers just saw the yield on their 2 Year Notes trade not only below zero, but hit never before seen negative yields!

 
Tyler Durden's picture

"Giant Wave Of Money" Heads For Sweden, As Draghi Creates "Nightmare" For Riksbank





"The nightmare for the Riksbank board is maybe something like this: they are gathered in the south of Sweden, looking out over the Baltic Sea, when they see a giant wave of money coming in from the euro zone and try to fight it with a hose."

 
Tyler Durden's picture

Barcelona Threatens To Print Parallel Currency, Madrid Seethes





Over the next six months, Barcelona’s left-wing city council plans to roll out a cash-less local currency that has the potential to become the largest of its kind in the world. While the socialist mayor's official reasoning is 'to boost economic opportunities for local businesses', perhaps there are somewhat less altruistic motives behind the move, such as encouraging people to embrace cashless currencies. It appears the war on cash has moved from one of words to actions (as it is likely no coincidence that most of the local community currencies that have been launched so far are in purely digital format, as would Barcelona’s.)

 
Phoenix Capital Research's picture

More and More Countries Are Beginning to Outlaw Cash For Certain Transactions





Spain, France., Italy, Uruguay, have all begun implementing laws to ban physical cash for certain transactions. This is just the start.

 
Tyler Durden's picture

Why Europe Is About To Plunge Further Into The NIRP Twilight Zone, And What It Means For Depositors





If you thought we'd seen the depths of NIRP, think again because as Deutsche Bank notes, the ECB, Riksbank, SNB, and Nationalbank will likely dive further into the monetary Twilight Zone in the months ahead. Only when rates become negative enough to spark a depositor revolt will we have reached the "real" lower bound, but at that point, it will be far too late...

 
GoldCore's picture

Gold Is Long Term Inflation Hedge - Leading Academic Expert





Gold can be useful as a hedge against inflation but it's been consistently so only in the long run.

 
Tyler Durden's picture

QE vs Negative Rates: A Cost-Benefit Analysis Of The Monetary Twilight Zone





Since either NIRP, or QE, or most likely both, are about to cross the Atlantic and make landfall in the US before the Fed is forced to launch the monetary helicopter, those who want to know what is really coming - no, not rate hikes - are urged to read this.

 
Tyler Durden's picture

Malaysian Lawmakers Call For No Confidence Vote Against PM Amid Goldman Slush Fund Probe





"Najib has tarnished the country’s image in the world and caused investors to lose faith in the government. Malaysians do not believe in this prime minister."

 
Tyler Durden's picture

The Mistake Of Only Comparing US Murder Rates To "Developed" Countries





Much of the political thinking about violence in the United States comes from unfavorable comparisons between the United States and a series of cherry-picked countries with lower murder rates and with fewer guns per capita. This is, in turn, supposed to fill Americans with a sense of shame and illustrate that the United States should be regarded as some sort of pariah nation because of its murder rate. However, politically, historically, and demographically, the US has little in common with these nations.

 
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