Author Archives: Claudio Grass

     

 

 

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 »

     

 

 

Claudio Grass interviews Professor Antal E. Fekete

GLOBAL GOLD: “Prof. Fekete, it is a pleasure to have this opportunity to talk to you. You are a fierce critic of the current monetary system and a strong proponent of the gold standard, particularly the variety that combines with the Real Bills Doctrine (RBD) of Adam Smith which we shall get into later. We are very much interested to learn how this interest of yours started in the first place and what led you to believe in gold and Austrian Economics in general.”

 

Antal FeketeProfessor Antal E. Fekete (see further below for biographical details)

Photo credit: verlagjohannesmuller

 

Read the rest of this entry »

Most read in the last 20 days:

  • Is the Canary in the Gold Mine Coming to Life Again?
      A Chirp from the Deep Level Mines Back in late 2015 and early 2016, we wrote about a leading indicator for gold stocks, namely the sub-sector of marginal - and hence highly leveraged to the gold price - South African gold stocks. Our example du jour at the time was Harmony Gold (HMY) (see “Marginal Producer Takes Off” and “The Canary in the Gold Mine” for the details).   Mining engineer equipped with bio-sensor Photo credit: Hulton Archive   As we write these...
  • Oil Mania Redux
    Positive Energy By now, late September of 2018, it has become increasingly evident that something big is about to happen. What exactly that may be is anyone's guess.  But, whatever it is, we suggest you prepare for it now... before it is too late.   Art auction energizer: Norman Rockwell's portrait of John Wayne. You can't go wrong shelling out top dollar for me, pilgrim, can you? [PT]   Several weeks ago, if you haven't heard, an undisclosed rich guy enthusiastically...
  • Fed Credit and the US Money Supply – The Liquidity Drain Accelerates
      Federal Reserve Credit Contracts Further We last wrote in July about the beginning contraction in outstanding Fed credit, repatriation inflows, reverse repos, and commercial and industrial lending growth, and how the interplay between these drivers has affected the growth rate of the true broad US money supply TMS-2 (the details can be seen here: “The Liquidity Drain Becomes Serious” and “A Scramble for Capital”).   The Fed has clearly changed course under Jerome Powell...
  • The Gold Standard: Protector of Individual Liberty and Economic Prosperity
      A Piece of Paper Alone Cannot Secure Liberty The idea of a constitution and/or written legislation to secure individual rights so beloved by conservatives and among many libertarians has proven to be a myth. The US Constitution and all those that have been written and ratified in its wake throughout the world have done little to protect individual liberties or keep a check on State largesse.   Sound money vs. a piece of paper – which is the better guarantor of liberty?...
  • Fed President Kashkari Hears Voices – Are They Lying?
      Orchestrated Larceny The government continues its approach towards full meltdown. The stock market does too. But when it comes down to it, these are mere distractions from the bigger breakdown that is bearing down upon us.   Prosperity imbalance illustrated. The hoi-polloi may be getting restless. [PT]   Average working stiffs have little time or inclination to contemplate gibberish from the Fed. They are too worn out from running in place all day to make much...
  • Switzerland, Model of Freedom & Wealth Moving East – Interviews with Claudio Grass
      Sarah Westall Interviews Claudio Grass Last month our friend Claudio Grass, roving Mises Institute Ambassador and a Switzerland-based investment advisor specializing in precious metals, was interviewed by Sarah Westall for her Business Game Changers channel.   Sarah Westall and Claudio Grass   There are two interviews, both of which are probably of interest to our readers. The first one focuses on Switzerland with its unique, well-developed system of  direct...
  • US Stocks and Bonds Get Clocked in Tandem
      A Surprise Rout in the Bond Market At the time of writing, the stock market is recovering from a fairly steep (by recent standards) intraday sell-off. We have no idea where it will close, but we would argue that even a recovery into the close won't alter the status of today's action – it is a typical warning shot. Here is what makes the sell-off unique:   30 year bond and 10-year note yields have broken out from a lengthy consolidation pattern. This has actually surprised us, as...
  • Decapitation Strike -  Elon Musk in the Crosshairs of the Bureaucracy
      The Most Expensive Tweet of All Time He finally done did it this time – this is to say, he did himself in. It was already widely known that Elon Musk sent out one tweet too many in early August. But it seems now that what he posted on that fateful day may well end up as the most expensive sequence of nine words ever blasted over the intertubes. For those who haven't followed the story, this is the tweet in question:   Elon Musk's fateful tweet – here is a link to the thread...
  • Are Credit Spreads Still a Leading Indicator for the Stock Market?
      A Well-Established Tradition Seemingly out of the blue, equities suffered a few bad hair days recently. As regular readers know, we have long argued that one should expect corrections in the form of mini-crashes to strike with very little advance warning, due to issues related to market structure and the unique post “QE” environment. Credit spreads are traditionally a fairly reliable early warning indicator for stocks and the economy (and incidentally for gold as well). Here is a...
  • Choking On the Salt of Debt
      Life After ZIRP Roughly three years ago, after traversing between Los Angeles and San Francisco via the expansive San Joaquin Valley, we penned the article, Salting the Economy to Death.  At the time, the monetary order was approach peak ZIRP.   Our boy ZIRP has passed away. Mr. 2.2% effective has taken his place in the meantime. [PT]   We found the absurdity of zero bound interest rates to have parallels to the absurdity of hundreds upon hundreds of miles of...
  • How Dangerous is the Month of October?
      A Month with a Bad Reputation A certain degree of nervousness tends to suffuse global financial markets when the month of October approaches. The memories of sharp slumps that happened in this month in the past – often wiping out the profits of an entire year in a single day – are apt to induce fear. However, if one disregards outliers such as 1987 or 2008, October generally delivers an acceptable performance.   The road to October... not much happens at first - until it...
  • Yield Curve Compression - Precious Metals Supply and Demand
      Hammering the Spread The price of gold fell nine bucks last week. However, the price of silver shot up 33 cents. Our central planners of credit (i.e., the Fed) raised short-term interest rates, and threatened to do it again in December. Meanwhile, the stock market continues to act as if investors do not understand the concepts of marginal debtor, zombie corporation, and net present value.   The Federal Reserve – carefully inching forward to Bustville   People...

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!
 

Oilprice.com