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"History has shown that the honest man loses to the teller of white lies, who loses to the teller of black lies, who loses to the cheat, who loses to the thief, who loses to the extortionist, who loses to the murderer, who loses to the drug lord, who loses to the genocidal tyrant. The question in these dark times is not what is the government capable of, but what is it NOT capable of!" -- Michael Rivero
On Tuesday, March 26, 2012, I was invited by Ron Paul and his staff to assist a meeting of the Domestic Monetary Policy and Technology Subcommittee of the House Committee on Financial Services. The title of the hearing was "Federal Reserve Aid to the Eurozone: Its Impact on the U.S. and the Dollar."
Shares of Credit Suisse plunged 63% in early trading Monday after the announcement that banking giant UBS would buy its troubled rival for almost $3.25 billion in a deal orchestrated by regulators to stave off further market-shaking turmoil in the global banking system.
UBS shares were down 14% in early trading on the Swiss stock exchange.
The European Union has agreed on the ammunition plan for Ukraine worth two billion euros ($2.1 billion), media reported on Monday, citing diplomats.
Brussels hosts a meeting of the EU Council of Foreign Ministers is taking place in Brussels on Monday.
Russia launched its special military operation in Ukraine in February 2022, after the Donetsk and Lugansk people’s republics appealed for help in defending themselves against Ukrainian provocations.
Saudi Arabia and Qatar are both set to suffer big losses on investments in Credit Suisse, after UBS struck a cut-price deal to buy the scandal-hit Swiss investment bank.
Less than six months ago, the Saudi National Bank paid $1.5bn for a 9.9 percent stake in Credit Suisse.
The final votes have been counted. The BBB (farmers citizens movement) gained a staggering 17 seats and the ruling parties have suffered severe losses and won’t reach a majority - not even with the help of the Green Party + Labour.
Poland's ambassador to France has cautioned there may be a scenario where Poland would need to enter the war in Ukraine which would bring Russian forces into direct conflict with NATO. In an interview for the French TV channel LCI, Jan Emeryk Rościszewski asserted that Kyiv must continue to defend Ukraine's independence or else other countries such as Poland and Slovakia may have to intervene.
China imported more gold from Switzerland last year and stepped up gold purchases from Russia, according to the latest import data releases.
Swiss exports of gold to China were at four-year highs in 2022, with China taking in 524 tonnes of gold worth around $33 billion. This is a massive increase from 354 tonnes reported in 2021 and the most since 2018, according to Swiss customs data.
China is the world’s number one gold consumer, followed by India, with a focus on retail investment and jewelry demand.
Credit Suisse, which was the second largest bank in Switzerland, and considered a “too big to fail” bank, has failed.
Swiss authorities rushed through a deal late Sunday in an attempt to prevent a whole-scale stock market crash before trading started in Asia, along with futures trading in the U.S.
Poland’s Ambassador to France Jan Emeryk Rościszewski said in an interview that a situation could arise in which Poland would have to enter the war. The embassy urged audiences to refrain from sensationalising his words.
