While everyone talks, Bitcoin just keeps running – Part II
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While everyone talks, Bitcoin just keeps running – Part II

Claudio Grass (CG): During the 2017 hype, when most people became aware of Bitcoin, it was mainly sold as the payment vehicle of the future, as a great investment for the “little guy” who has no access to equity markets and even as a store of value that would replace…

While everyone talks, Bitcoin just keeps running – Part I
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While everyone talks, Bitcoin just keeps running – Part I

I have long been fascinated by both the progress made so far, and by and the promise of this new era of decentralized money that is only just beginning. Although I lack the technical expertise to fully understand the finer points of the code behind the different cryptocurrencies or to…

The destruction of civilization – implications of extreme monetary interventions
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The destruction of civilization – implications of extreme monetary interventions

When I was asked to write an article about the impact of negative interest rates and negative yielding bonds, I thought this is a chance to look at the topic from a broader perspective. There have been lots of articles speculating about the possible implications and focusing on their impact…

The ECB’s “mea culpa”
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The ECB’s “mea culpa”

Economists, conservative investors and market observers have been issuing stern warnings for years regarding the severe impact of the current monetary policy direction. The problems In a recent statement, ECB Vice President Luis de Guindos warned of potential side effects and risks to the economy resulting directly from the central…