Tag Archive: Uncategorized

The Big Shift: The decline of Western politics

Part I of II Those of us who have read and studied political history, who have closely observed its evolution and especially those who have taken note of all the tactics and ploys used over the last couple of decades, will surely not be surprised by any of the findings and ideas I’ll outline in the following analysis. I would still encourage the reader to read on, though. Because for the majority of citizens, taxpayers, savers and investors,...

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Freedom of speech and “de-banking”

Threats to freedom of speech and efforts to suppress dissenting views and voices have been on the rise over the past decades. They were exponentially intensified since the ascent of social media and as the political polarisation in the West truly took hold of our societies, the powers that be have been using any and all toolsat their disposal to “defend” the interests of the establishment against those who might try to publicly question its...

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The real failure of “trickle down economics”

Part II of II If this kind of theoretical reasoning seems too abstract, let us think about it more practically: Any public servant, any member of government, and even the leader of a nation, has very different motivations than any private sector decision-maker. Their financial compensation is a given and their time preference is dictated by their job description.  The company owner on the other hand has no such guarantees regarding their...

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The real failure of “trickle down economics”

Part I of II For decades already, one of the most popular and commonly employed attacks of Keynesians and other left-leaning economists was the one against the idea of “trickle down economics”. They ridiculed the notion that a rising tide lifts all boats or plainly put, the obvious fact that when job creators thrive, so do the people that hold those jobs and sustain themselves and their families thanks to them.  The main objection to this...

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The demise of the dollar: What comes after that?

Part II of II A good start Whatever one might think about which currency is better suited to be used in trade or as a benchmark or as a central bank reserve, the fact remains that the USD’s days as the “only right answer” to that question are numbered. It might not happen tomorrow, but a credible challenger will eventually emerge.  As Patrick Barron also highlighted in his analysis: “Led by China and later by Russia, some nations of the...

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The demise of the dollar: What comes after that?

Part I of II Endless ink has been spilled by economists and financial analysts in their efforts to predict the impact of de-dollarization. As might be expected, most of those who embrace a US-centric view of the world and who defend the status quo paint a gloomy picture. They warn of the nightmarish consequences of a Russia- and China-dominated world order, of the threats to freedom and to human rights that this could pose and of a potential...

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A conversation with Prince Michael of Liechtenstein

On November 15th, 2021, almost 20 months ago, I once again had the rare and delightful opportunity to have a conversation with Prince Michael. His insights, and especially his directness and unequivocal honesty, have frequently provided me with a lot of food for thought in the past. This interview was no different. His candid and unfiltered responses to a wide variety of questions and topics made this conversation as illuminating as it was...

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Debt cancellation: the new panacea?

There is clearly a common denominator in the kind of “solutions” that the State comes up with to deal with the problems that it caused (and that’s most problems). Not only are these remedies worse than the disease, but they are always extremely simplistic, reductionist and they never, ever, take into account anything else apart from the political “optics” and the populistic value of each new measure or piece of legislation. There is no...

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“Inflation it is not an act of God”

INTERVIEW WITH GODFREY BLOOM:  Over the last couple of years, the UK has been increasingly in the news – for all the wrong reasons. The cost of living crisis, in particular, has been monopolizing headlines at home and abroad. Of course, inflation is by no means unique to the country. To the contrary, it has been hovering at similar or higher levels in virtually all advanced economies for quite some time. What is unique to the UK though, is that...

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“Bank walk”: The first domino to fall?

In early May, Reuters published a report that truly captured my attention. “European savers are pulling more of their money from banks, looking for a better deal as lenders resist paying up to hold on to deposits some feel they can currently live without,” the article reported. Over in the US, we see a very similar picture. As the FT also recently reported, “big US financial groups Charles Schwab, State Street and M&T suffered almost $60bn in...

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France on strike

The roots of the injustice that brought over a million to the streets  It is the core of a long running joke that the French love to strike more than they like to work – and for good reason. Demonstrations, strikes and even riots, have been a common occurrence for decades. However, this latest round seems to be interestingly persistent, despite the fact that it’s receiving increasingly sparse media coverage.   The last time that the French...

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A bank is a bank is a bank – Part II

Part II of II by Claudio Grass A real systemic crisis If there was one thing more telling than the bank failures themselves, it was the governments’ reaction to them. The sheer panic that shook US, Swiss and Eurozone officials was almost pitiable to behold. The way they all rushed to make statements denying that this would be a repeat of 2008 was alarming instead of reassuring. And their apparent, urgent desperation to be believed was perhaps...

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A bank is a bank is a bank

Part I of II by Claudio Grass It might sound like an old-fashioned notion, the sort of thing that one reads about in period novels and romantically sighs “oh, the good old days”. It might sound like old timely advice, perhaps of the kind that our grandparents would have given to our parents: “It doesn’t matter if you make mistakes, even if you lose everything, as long as you still have your honor”. Sure. But in our cynical, jaded and largely...

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Credit Suisse and the War Against Swiss Culture

I hope you will enjoy my latest interview with Maneco64. [embedded content] Claudio Grass, Hünenberg See, Switzerland This work is licensed under a Creative Commons Attribution 4.0 International License. Therefore please feel free to share and you can subscribe for my articles by clicking here

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Banking crisis: The new bailout strategy

Part II of II To be fair, it is true, this time is different. Indeed, this time the rescue plan for the bust banks is not comparable to what we saw in 2008. In the US, the guarantee for deposits up to $250.000 comes from funds that are maintained by participating banks and not from the taxpayer. The official answer to how they’re going to pay everyone back is also plausible and possible: Some, or even most, of the money can and will be recovered...

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Banking crisis: The new bailout strategy

Part I of II The recent turmoil that has roiled the global banking sector has placed central bankers in an impossible position: Cut rates and avert a domino-style disaster in the industry and a possible deep and prolonged recession in the wider economy or stay the hiking course to combat the still untamed inflationary pressures? Arguably the great losers in both cases will be the taxpayers and the average working household.  The recent...

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Veranstaltungstip es gibt noch freie Plätze



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Modern Monetary Theory: Reality check

I’ve written extensively over the past years about the rise of Modern Monetary Theory (MMT) and all the terrible dangers it entailed from its very birth, not just for our economies, but for our societies too. Although it captured media interest and monopolized a lot of “expert” debates at the time, one wouldn’t be blamed for thinking it was merely a “flash in the pan”, just another crazy idea that the establishment entertained for a while to...

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The “great Ponzi scheme” coming to an end?

In a recent conference, the EU’s Commissioner for Cohesion and Reforms, Elisa Ferreira, gave a dire warning: “We have a shrinking workforce all across Europe, all countries are losing their workforce.” Indeed, in just 10 years, the EU lost 5 million people in the working-age population, as the most recent report on demographic change by the Commission showed. The report revealed other interesting data and trends too. For example, it showed that...

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Switzerland: Still a bright beacon of freedom

Switzerland’s long-standing and well-deserved reputation as one of the last bastions of individual and financial liberty has been recently vindicated and reaffirmed. It was a much-needed boost of confidence for Swiss citizens like myself who had come to worry over the last years whether the governmental trespasses of our neighboring nations and the way they rule their people might one day come to influence or even corrupt our own system of...

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