Jim’s Mailbox

Posted at 11:03 AM (CST) by & filed under Jim's Mailbox.


The Swiss monetary authorities, having just tied the Swiss Franc to the Euro, would not be too happy with this upgrade of the currency to golden.



That is true but this is the most powerful political party in Switzerland calling for this review.

CIGA Christopher

Swiss Parliament Examines New ‘Gold Franc’
By Mark O’Byrne
May 22, 2012 12:15PM GMT

A Swiss-parliament panel is discussing, today, the introduction of a parallel ‘gold-franc’ currency.

The panel will discuss a proposal aimed at introducing a new currency known as the ‘gold franc’. Under the proposal, which will be debated in the lower house’s economic panel in Bern, one gold coin would be worth about 5 Swiss francs ($5.30), according to published reports, which said the Swiss franc would remain the official currency.

The proposal may lead to a wider debate about the Swiss franc and the role gold might again play to protect the Swiss currency from debasement.

The initiative is part of the “Healthy Currency” campaign, which is being promoted by the country’s biggest party — the conservative Swiss People’s Party (SVP).



Here is an erudite and pithy discussion on the Euro bailout.

It is less than 3 minutes and worth every second!

Monty Guild


I would say to the seer who pronounces the end is near that he is wrong.

The end of the present system is here and now.


The Genius of Mutual Indebtedness – Nigel Farage

Central Bank Money-Printing: $6 Trillion…and Counting

Any long-time reader that’s still shocked by this headline is likely surprised by the fact that the sky is blue.

Jim uses the ski jump recovery illustration to hammer the point home. Perhaps if I put yodeling mountain climber from Cliffhangers on the growing debt pile, more readers would appreciate the severity of the economic mess brewing.

Chart: Federal Debt Held by Foreign & International Investors (FDHBFIN) and the Equilibrium Price (FDHBFIN/OZ)

Video: The Price is Right – Cliffhangers Game

Headline: Central Bank Money-Printing: $6 Trillion…and Counting

Many more years of money printing from the world’s big four central banks now looks destined to add to the $6 trillion already created since 2008 and may transform the relationship between the once fiercely-independent banks and governments. As rich economies sink deeper into a slough of debt after yet another wave of euro financial and banking stress and U.S. hiring hesitancy, everyone is looking back to the U.S. Federal Reserve, European Central Bank [cnbc explains] , Bank of England and Bank of Japan to stabilize the situation once more. What’s for sure is that quantitative easing [cnbc explains] , whereby the "Big Four" central banks have for four years effectively created new money by expanding their balance sheets and buying mostly government bonds from their banks, is back on the agenda for all their upcoming policy meetings.

Source: cnbc.com