Author Archives: Claudio Grass

     

 

 

The Transition

 

“The chaos that one day will ensue from our 35-year experiment with worldwide fiat money will require a return to money of real value. We will know that day is approaching when oil-producing countries demand gold, or its equivalent, for their oil rather than dollars or euros. The sooner the better.”

Ron Paul

 

oil pipeline to ghawarA new oil pipeline is built in the Saudi desert… this one is apparently destined for the Ghawar oil field, one of the oldest fields in Saudi Arabia and still the largest in the world

Photo credit: Saudi Aramco

 

Read the rest of this entry »

     

 

 

Mutating Promises

We are less than one week away from the EU referendum, the moment when the British people will be called upon to make a historic decision – will they vote to “Brexit” or to “Bremain”? Both camps have been going at each other with fierce campaigns to tilt the vote in their direction, but according to the latest polls, with the “Leave” camp’s latest surge still within the margin of error, the outcome is too close to call.

 

corbyn, cameronThe battle lines are drawn….

 

Read the rest of this entry »

     

 

 

Introductory Remarks – About Godfrey Bloom

[ed note by PT: Readers may recall our previous presentation of “Godfrey Bloom the Anti-Politician”, which inter alia contains a selection of videos of speeches he gave in the European parliament. Both erudite and entertaining, Mr. Bloom constantly kept the etatistes of the EU on their toes.]

 

1-Godfrey BloomGodfrey Bloom, back in his days as UKIP whip

Photo credit: Reuters

 

Read the rest of this entry »

     

 

 

Will the Swiss Guarantee CHF 75,000 for Every Family?

In early June the Swiss will be called upon to make a historic decision. Switzerland is the first country worldwide to put the idea of an Unconditional Basic Income to a vote and the outcome of this referendum will set a strong precedent and establish a landmark in the evolution of this debate.

 

die-schweizer-initiative-fuerThe Swiss Basic Income Initiative in a demonstration in front of parliament. As we have previously reported (see “Swiss Parliament Shoots Down Socialist Utopia” for details), Switzerland’s parliament has already rejected the idea, with even the socialists voting against it (proving that they are still in possession of most of their marbles and quite likely in possession of an abacus as well).

Photo credit: Peter Klaunzer

 

Read the rest of this entry »

     

 

 

What the Establishment Wants, the Establishment Gets

If a person has no philosophical thoughts, certain questions will never cross his mind. As a young man, there were many issues and ideas that never concerned me as they do today. There is one question, however, which has intrigued me for the longest time, and it still fascinates me as intensely as it did back then: Does spirit precede matter or is it the other way around?

In other words, does human consciousness create what we perceive as our reality and physical existence or vice versa; does the pre-existing material world determine our sentience and shape our cognition? In essence, what really lies beneath the surface of this question is the following: is man born as a conscious being with free will and self-determination or not?

 

thought policeYou may think citizen, but it will be best if you confine yourself to approved collectivist thought. In case you find yourself unable to do so, you may need to be reeducated.

Illustration by LibertyManiacs.com

 

Read the rest of this entry »

     

 

 

The War on Cash is on!

If you are used to making visits to your bank to make your credit card payments, you may find this no longer an option in the future. Some banks are no longer accepting (or limiting their acceptance) of cash deposits. The war on cash forges on. Paper money, which is indeed more or less worthless, is slowly being taken out of circulation and being replaced by digital currency.

 

Burning_Money

Photo credit: Stephen Krow

 

Read the rest of this entry »

     

 

 

The Swiss are Resisting EU Domination in the Name of Liberty and Self-Determination

Last Wednesday, the Swiss National Council voted to withdraw the country’s dormant application to join the European Union (EU). A clear majority of Swiss voters are not interested in joining the EU. And no democratically sanctioned application was ever submitted. However, it has been “in the drawer” for quite some time.

 

Swiss Federal CouncilThe seven members of the Swiss Federal Council in 2016 (not depicted: chancellor Walter Thurnherr, who “assists” the council). Some explanation is in order for people not familiar with the Swiss political system, which will make it easier to understand the nature of the inner-Swiss political conflict. In effect, the federal council is a “collective head of state”. Its members are elected by parliament, and are supposed represent a cross-section of Switzerland’s regions, political parties and linguistic groups. The departments are chosen by its members based on their seniority. On average, council members tend to serve for 10 years, as they are usually reelected (it has only happened four times since 1848 that a federal councilor was not reelected; some have even served for 30 years). Its members cannot be recalled during a legislative period. Due to the fact that the Federal Council’s membership is based on the “concordance democracy” principle, the three strongest parties in parliament traditionally supply two councilors each, and the fourth strongest party one councilor (the so-called “magical formula”). Decisions of the council have to be supported in public even by council members who voted against them. Given this principle, the Federal Council can easily be at odds with the parliamentary majority. The SVP has only two council members, and it is a good bet that the four votes in favor of joining the EU came from the socialists and federal democrats. However, the council is not empowered to ignore the outcome of referendums or parliamentary decisions: it is merely the executive. As such, it can issue recommendations and propose draft laws. This form of executive is modeled after the archons of the polis of Greek antiquity, and is the only such surviving system in the world today. Click to enlarge.

 

Read the rest of this entry »

     

 

 

Claudio Grass Interviews Dr. Thomas DiLorenzo

Claudio Grass, Managing Director at Global Gold Switzerland, talks to libertarian Dr. Thomas DiLorenzo, an American economist and representative of the Austrian School of Economics, well known for his fierce libertarian approach in criticizing government intervention. This exclusive interview covers central bank monetary policies, Keynesian Economics, the economic ‘recovery’, political correctness, and much more.

 

tom-dilorenzo-smiling  American economist and historian Dr. Thomas DiLorenzo, inter alia author of The Real Lincoln

Photo via mises.org

 

Read the rest of this entry »

     

 

 

Switzerland’s Exceptional Legacy in Direct Democracy

Our readers probably realize by now what a proud Swiss fellow I am, and how I take every possible opportunity to argue that Switzerland represents a role model for achieving radical decentralization and respect for civil liberties. When municipalities, cities or smaller states are in competition with each other, the power of politicians is limited and the right to self-determination is ensured.

 

Switzerland and LebanonSwitzerland and Lebanon (long known as “the Switzerland of the Middle East”)

 

Read the rest of this entry »

     

 

 

With a Gloomy Start to 2016, a Bust Seems just Around the Corner

Markets have corrected substantially since the beginning of the year as most of the gains of the past two years have been erased. According to Bloomberg, 40 out of the largest 63 markets have dropped over 20%. The image below shows the performance of markets word-wide since their most recent peaks. Most markets are in a bear market phase or are at best experiencing a strong correction. The world is red!

Where do global markets stand?

 

1-world_redA heat map of global stock markets by Bloomberg – click to enlarge.

 

Read the rest of this entry »

     

 

 

Global Gold Talks to Vít Jedlička, the President of Liberland

Vít Jedlička is a Czech politician, publicist and activist. He received his Bachelor’s degree from the University of Economics, Prague in 2009 and his Master’s degree from CEVRO Institut in 2014. Since 2009, he has been a member of the Free Citizens Party, where he was elected the first Regional President in the Hradec Králové Region. Vít Jedlička considers himself a libertarian with liberal views on individual freedom and has described himself as a Bastiat-influenced anarcho-capitalist.

 

coat of armsThe Liberland coat of arms

 

Read the rest of this entry »

     

 

 

A Turbulent Year

In the course of 2015 we have witnessed several events that had, and will have, negative repercussions on individual freedom. Orwellian totalitarianism is increasingly creeping into our everyday lives. How much more intrusive will the violations of our liberties become and for how long will the establishment get away with this? These are questions that remain unanswered.

 

YesWeScanUnited we move toward a perfectly monitored society – the US Congress has just passed the controversial CISA spying law – the worst possible version of it – by sneaking it into a budget bill. This utterly corrupt method of enacting laws that would not get passed on their own because they are such a huge affront to decency and civilization has become the norm in the “land of the free” – which ironically is “exporting democracy” by force of arms all over the world!

 

Read the rest of this entry »

Most read in the last 20 days:

  • Circling the Drain
      Drain, drain, drain...   "Master!", cried the punters, "we urgently need rain! We can no longer bear this unprecedented pain!" "I'm sorry my dear children, you beg for rain in vain. It is I who is in charge now and mine's the put-less reign. The bubble dragon shall be slain, by me, the bubble bane. That rustling sound? That's me... as I drain and drain and drain." [ed note: cue evil laughter with lots of giant cave reverb]   - a public...
  • Washington’s Latest Match Made In Hell
      Almost Predictable One of the more enticing things about financial markets is not that they’re predictable.  Or that they’re not predictable.  It’s that they’re almost predictable... or at least they seem they should be.   For a long time people believed – and from what we read and hear, many still do – that economic cycles move in easily predictable, regular time periods. All you had to do was create a chart of the up and down waves of your favorite cycle model...
  • The Real or Imagined Third Fed Mandate - Precious Metals Supply and Demand
      Fundamental Developments – Silver Looking Frisky The price of gold went up four bucks, and the price of silver rose 32 cents. Silver has been going up in gold terms since the middle of last week, when the gold-silver ratio peaked at just under 87. It closed this week at just under 82 (a lower ratio means silver is more valuable).   Silver: more valuable since last week, both in absolute and relative terms. Just avoid dropping it on your toes – it's still just as heavy as...
  • The Strongest Season for Silver Has Only Just Begun
      Commodities as an Alternative Our readers are presumably following commodity prices. Commodities often provide an alternative to investing in stocks – and they have clearly discernible seasonal characteristics. Thus heating oil tends to be cheaper in the summer than during the heating season in winter, and wheat is typically more expensive before the harvest then thereafter.   Silver: 1,000 ounce good delivery bars [PT]   Precious metals are also subject to...
  • The Downside of Mindless Investing
      Unexpected Inflection Points High inflection points in life, like high inflection points in the stock market, are both humbling and instructive.  One moment you think you’ve got the world by the tail.  The next moment the rug’s yanked right out from under you.   The yanked rug... [PT]   Where the stock market is concerned, several critical factors are revealed following a high inflection point.  These factors are not always obvious at first.  But they become...
  • The Chairman's Curse - Precious Metals Supply and Demand
      Something Odd is Happening The price of gold went up two bucks, while that of silver fell ten pennies. Something’s odd about how the metals have traded. Back when the market thought that the Fed was tightening, the prices of gold and silver were rising. Silver is now about a buck higher than its Oct-Nov trading range.   A timeline of brief bubble trouble followed by bubble restoration via Hedgeye. It starts in early December (upper left corner) when Santa refuses to provide...

Support Acting Man

Item Guides

Austrian Theory and Investment

j9TJzzN

The Review Insider

Archive

Dog Blow

350x200

THE GOLD CARTEL: Government Intervention on Gold, the Mega Bubble in Paper and What This Means for Your Future

Realtime Charts

 

Gold in USD:

[Most Recent Quotes from www.kitco.com]

 


 

Gold in EUR:

[Most Recent Quotes from www.kitco.com]

 


 

Silver in USD:

[Most Recent Quotes from www.kitco.com]

 


 

Platinum in USD:

[Most Recent Quotes from www.kitco.com]

 


 

USD - Index:

[Most Recent USD from www.kitco.com]

 

Mish Talk

 
Buy Silver Now!
 
Buy Gold Now!
 

Diary of a Rogue Economist