Peter Schiff: This “Swiss” Event Will Soon Implode the Dollar
by C Serpa
GramsGold.com
1/17/2015
The Swiss Bank Just Proved Why Central Banking Doesn’t Work
Peter Schiff, said on 1/16/2105 that Switzerland dropped a bomb into the Forex market, and surprised everybody, by abandoning it’s peg to the Euro. It had a 120:1 relationship that was established about 3 years ago.
The Swiss Bank decided it couldn’t afford to subsidize the Europeans. It’s difficult for a nation as small as Switzerland to subsidize 300 million plus people throughout the Eurozone. After 3 years of trying, they gave it up.
This is not detrimental to the Swiss economy. On the contrary, it’s going to be a positive for Switzerland.
When the Chinese decide to abandon their peg, both in the Hong Kong Dollar and the Yuan, that is going to be a 10.0 on the Richter scale of economic activity.
And this time it’s going to be the dollar that is going to
take it on the chin.
The Rest…HERE
