"Truth is proper and beautiful in all times and in all places.: -- Frederick Douglass
"All men recognize the right of revolution; that is, the right to refuse allegiance to, and to resist, the government, when its tyranny or its inefficiency are great and unendurable." -- Henry David Thoreau (1942). "Civil Disobedience"
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.
Dr. Jordan B. Peterson, Michael Yon, and Eva Vlaardingerbroek discuss recent events encircling the Dutch farmers protest, how their anti-globalist movement mirrors the Canadian Freedom Convoy, and how their message has resonated across the world despite best efforts to silence their voices.
Update (1500ET): We finally have a deal, and what was at first a CHF1 BN acquisition priceof Credit Suisse by UBS, which then rose to CHF 2 BN, has now cranked up one final time to CHF 3BN (US$3.25 billion), or 0.76 per share, specifically shareholders of Credit Suisse will receive 1 share in UBS for 22.48 shares in Credit Suisse. As part of the deal, the Swiss National Bank is offering a 100 billion-franc liquidity assistance to UBS while the government is granting a 9 billion-franc guarantee for potential losses from assets UBS is taking over, i.
