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36%. That is how much the gold price has moved up since we last mentioned Basel III, in this article from April of 2019. We projected then that gold would likely move up in price steadily over time as we got closer to full implementation of these international banking accords. In actuality, the gold price has moved up an average of 1.35% per month since then, yielding more in a month than a five-year CD account pays in interest for a full year. While full implementation of the Basel III rules has been pushed back until January 1, 2022, the...

GENEVA, Switzerland, September 18, 2019 (LifeSiteNews) -- Switzerland’s top court ruled that parents do not have a right to homeschool their children. On Monday, the Swiss Federal Court ruled against a mother from the city of Basel who in 2017 had applied for permission to school her 8-year-old son at home. School authorities rejected the application and a cantonal court threw out the mother’s appeal. When she brought her case to the Federal Court, the mother held that the appeal court’s decision was tantamount to a ban on private instruction at home, thus violating a constitutional right to privacy and...

School students must shake their teachers’ hands or their parents will be liable to pay a fine of up to 5,000 francs, authorities in the canton of Basel-Country have ruled. The decision, announced on Wednesday, comes nearly two months after two Muslim schoolboys refused to shake their female teacher’s hand at a school in Therwil, near Basel, because they said physical contact with a woman who wasn’t a family member went against their religion. The incident caused outrage across Switzerland, not only because it was seen as sex discrimination but because their refusal was considered an affront to an intrinsic...

A McDonald’s restaurant in Tennessee is showing its Christmas spirit with a painted nativity scene that has now gone viral. On Monday, Amy Basel posted a photo of a McDonald’s located in Spring Hill, TN with a nativity scene in between the messages “His name is Jesus” and “Rejoice” painted on the windows of the storefront.

Two men being held in jail while awaiting trial for cigarette trafficking are accused of plotting to kill witnesses against them. In an indictment unsealed in Brooklyn Supreme Court Thursday, Basel Ramadan and Yousseff Odeh are charged with conspiracy to murder witnesses and with soliciting a potential hit man. The murder-for-hire plot was hatched from New York City's Rikers Island jail where the two have been held since their May arrest on the initial cigarette-trafficking and money laundering charges. The Staten Island Advance reports that Odeh was a supporter of blind sheik Omar Abdel Rahman, the spiritual guide for the...

Checks of banks in the European Union, Japan and the United States are to beginning early in 2012 to see if they have put the globally agreed Basel rules into practice, central bank governors said Sunday. The Group of Governors and Heads of Supervision (GHOS), the oversight body of the Basel Committee on Banking Supervision (BCBS), announced the checks in a statement issued after a meeting. The group agreed that the results of the tests would be made public, the statement added. … The "Basel II" capital rules for the world's biggest banks are designed to prevent a repeat of...

(kreuz.net, Basel) Msgr Felix Gmür is the new Bishop of Basel, according to the Vatican Press Service. Pope Benedict XVI, had assumed the choice of the Basel Cathedral on the Feast of the Nativity of Mary on the 8th of September. Prior to that, Msgr Gmür worked as necktie priest and General Secretary of the Swiss Bishops conference. A further speculation of the protestant journalist and church-hater Micheal Meier, that it would have been Dennis Theurillat (60), has proven itself to be false.

CHALMETTE, La. (AP) - Three men suspected of trying to tamper with phones at Louisiana Sen. Mary Landrieu's office have been released from a suburban New Orleans jail. Among them was James O'Keefe, a conservative activist who posed as a pimp to target the community-organizing group ACORN. O'Keefe said "veritas," the Latin word for truth, as he left the jail with suspects Stan Dai and Joseph Basel, both 24. They declined comment, and Dai said there will be a time for that

The conservative young filmmaker who tarnished the reputation of a liberal activist group with his undercover videos has been arrested for allegedly trying to bug Democratic Sen. Mary Landrieu's office in New Orleans. Federal investigators allege that James O'Keefe was among a group of four men who created a ruse to enter Landrieu's downtown office for the supposed purpose of repairing the lawmaker's telephones. O'Keefe and another man, Stan Dai, are accused of aiding the plot, while two others, Joseph Basel and Robert Flanagan, are accused of pretending to be telephone company employees, according to federal court records (PDF) unsealed...

Markus Haering, who designed the geothermal project, rejected allegations that he deliberately damaged properties and said local people knew the risks. The deep drilling underground caused a series of earthquakes in 2006, including one of 3.4 magnitude, rattling residents of the north-western city of Basel. Geopower Basel, the project leader, has already paid around 9 million Swiss francs (£5.3 million) in compensation for cracked walls and other damage on properties near the experiment. The project was suspended at the time and shut down last week after a risk analysis concluded that more quakes could follow if the drilling continued.

A $60 million project to extract renewable energy from the hot bedrock deep beneath Basel, Switzerland, was shut down permanently on Thursday after a government study determined that earthquakes generated by the project were likely to do millions of dollars in damage each year. The project, led by Markus O. Häring, a former oilman, was suspended in late 2006 after it generated earthquakes that did no bodily harm but caused about $9 million in mostly minor damage to homes and other structures. Mr. Häring is to go to trial next week on criminal charges stemming from the project. [...] The...

AIG's crucial role in the banking collapse Oct 09, 2008 Something very strange is happening in the financial markets. And I can show you what it is and what it means... If September didn't give you enough to worry about, consider what will happen to real estate prices as unemployment grows steadily over the next several months. As bad as things are now, they'll get much worse. They'll get worse for the obvious reason: because more people will default on their mortgages. But they'll also remain depressed for far longer than anyone expects, for a reason most people will never...

A small earthquake that struck Basel on Friday was caused by drilling work for a planned power plant that would produce electricity from heat in the Earth's crust. The canton Basel-City prosecutor has launched an investigation to find if the company behind the Deep Heat Mining project can be held responsible for any possible damage. The tremor was felt shortly before 6 pm and measured 3.4 on the Richter scale according to the Swiss Seismological Service. The local police and fire departments received hundreds of phone calls from worried citizens, and some buildings suffered from cracks and broken tiles....

Big Shots Worried Of all the big-shot meetings, the one that really counts, in my opinion, is the annual meeting of the Bank for International Settlements in Basel, Switzerland. Here the heads of the central banks meet, unencumbered by politicians or academics or journalists. These are guys who hold the crown jewels of most industrial countries in their hands. Like all big-shot meetings, it's closed to the public and the press. Nobody knows what they say inside, only what they choose to say when they leave the building. Well, one of them chose to say: "The issue is really how...