Was die Schweizerische Nationalbank heute gemacht hat, ist ein S\u00fcndenfall erster G\u00fcte. Sie hat den Pfad der Tugend endg\u00fcltig verlassen und ist von einem Inflationsziel zu einem Wechselkursziel \u00fcbergegangen.<\/p>\n
zerohedge.com <\/a>schreibt dazu [Hervorhebungen<\/strong> durch mich<\/em>]:<\/p>\n “[T]he Swiss National Bank has just announced that it is putting a ceiling on the franc\u2019s appreciation against the euro\u2026 effectively abandoning its economic sovereignty<\/strong> and putting its future in the hands of woefully corrupt and incompetent bureaucrats<\/strong>.” […]<\/p>\n “The Swiss government has basically told the world that they will print as much money as it takes, and buy up as much crap sovereign debt as they can<\/strong>, to competitively devalue the currency.<\/p>\n This essentially puts Switzerland in the same sinking boat as Italy, Greece, and Portugal<\/strong>\u2026 with one key difference: Switzerland has 0% interest rates. In other words, you can now borrow in francs at 0% and buy government-backed euro garbage yielding 5%, 10%, 30%\u2026. with absolutely no downside currency risk.<\/p>\n It\u2019s free money, courtesy of the Swiss National Bank. […] Needless to say, this is utter madness<\/strong> and will absolutely hasten [=beschleunigen] the end game for Europe.<\/p>\n For all the talk of a pullback in gold, this is only further reason for a rise in precious metals. It\u2019s true that nothing goes up (or down) in a straight line, but given that the world just lost nearly its last remaining safe haven currency<\/strong>, there are few other asset classes to turn to.<\/p>\n With so much money sloshing around the financial system, there is absolutely no sense of value anymore<\/strong>; people cannot invest with confidence given all the massive bureaucratic intervention.<\/p>\n This is just another example of a government making instant changes that pose dramatic risk over people\u2019s lives and livelihoods<\/strong>.<\/p>\n Make no mistake, we can all wake up tomorrow to a new reality<\/strong>.”<\/p><\/blockquote>\n …da gibt es wirklich nichts mehr anzuf\u00fcgen.<\/p>\n","protected":false},"excerpt":{"rendered":" Was die Schweizerische Nationalbank heute gemacht hat, ist ein S\u00fcndenfall erster G\u00fcte. Sie hat den Pfad der Tugend endg\u00fcltig verlassen und ist von einem Inflationsziel zu einem Wechselkursziel \u00fcbergegangen. zerohedge.com schreibt dazu [Hervorhebungen durch mich]: “[T]he Swiss National Bank has … Continue reading