Tags » Swiss National Bank

Switzerland Follows Iceland in Declaring War Against the Banksters (Link)

The activist group Swiss Sovereign Money, also known as the Vollgeld Initiative, is trying to stop private Swiss banks from creating currency. “They’ll only be able to lend money that they have from savers or other banks.” The petition for a national referendum has been approved! 414 more words

International

Economist 12/29/15

  1. LAST month Kai Krause, a computer-graphics guru, caused a stir with a map entitled “The True Size of Africa”, which showed the outlines of other countries crammed into the outline of the African continent.
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How to make money

Banks make money by creating it. By making money, I don’t mean that they earn it through fees and interest. And I don’t mean that they print it either  –that’s the job of the Canadian Bank Note Company. 486 more words

Economics

Foreign Exchange: Swiss Miss

When the Swiss National Bank (SNB) intervened to weaken its currency in 2011, analysts called the subsequent abrupt drop in the franc’s value a “20-standard-deviation move”. 639 more words

Economy

Is the Fed Behind Market Jump? Many Voices Say 'Yes'

The Dow Jones “miraculously” soared to a 600-point spike on Wednesday, after losses of nearly 2,000 points over the previous three trading days. This has once again raised the obvious question of whether the Fed intervened to prevent the continuing meltdown. 527 more words

Glass Steagall

27 Aug 2015 (AFR) - Swiss hit by currency wars - get the bill for central bank u-turn as economy seen in recession

(27 August 2015, AFR, p12, by Catherine Bosley)

‘The Swiss National Bank may see the fallout from its dramatic policy u-turn delivered in one word this week: recession. 61 more words

1.Market Observations

New banknotes to be released — six years late

by Malcolm Curtis|The Local Switzerland|August 17, 2015

The Swiss National Bank (SNB) plans to introduce the first of its new high-tech banknotes in April next year — six years later than initially planned after reported technical problems with its paper supplier. 298 more words
Finance