visitors who are searching for information about the Swiss Franc, a currency I have generally held in high regard. However, there is bad news for the Swiss Franc today - though keep in mind that this is in large part because the currency remains fundamentally very strong!
Bill Fleckenstein made this comment today:
"However, the really big news emanated from the Swiss National Bank, which not only trimmed rates but said they intend to buy currencies to avoid franc appreciation. Said differently, they want to trash their currency. And, they wasted no time -- by actually entering the market to effect that trade. (Within hours, the Swiss franc was lower by about 4%.)
"So, anyone with money in Switzerland as a safe haven has to be a little bit concerned, as the Swiss are definitely playing the game of let's-debase-our-currency-to-the-bottom. In any case, the NZ/Swiss news helped gold and silver, which were up 1.5% apiece."
I have commented previously that in a financial crisis, gold is a better choice than the Swiss Franc. I continue to hold to this position....and I think that the Norwegian Krona is a better bet...
makes her laws"
Meyer Rothschild, the most powerful man who ever lived.
For many years the words international banker, Rothschild, Money and Gold have held a mystical type of fascination for many people around the world but particularly in the United States.
Over the years in the United States, the international bankers have come in for a great deal of criticism by a wide variety of individuals who have held high offices of public trust - men whose opinions are worthy of note and whose responsibilities placed them in positions where they knew what was going on behind the scenes in politics and high finance.
President Andrew Jackson, the only one of our presidents whose administration totally abolished the National Debt, condemned the international bankers as a "den of vipers" which he was determined to "rout out" of the fabric of American life. Jackson claimed that if only the American people understood how these vipers operated on the American scene "there would a revolution before morning."
Congressman Louis T. McFadden who, for more than ten years, served as chairman of the Banking and Currency Committee, stated that the international bankers are a "dark crew of financial pirates who would cut a man's throat to get a dollar out of his pocket... They prey upon the people of these United States."
John F. Hylan, then mayor of New York, said in 1911 that "the real menace of our republic is the invisible government which, like a giant octopus, sprawls its slimy length over our city, state and nation. At the head is a small group of banking houses, generally referred to as 'international bankers.'"
Were these leading public figures correct in their assessment of the situation, or were they the victims of some exotic form of paranoia?
Let's examine history analytically and unemotionally and uncover the facts. The truth, as it unfolds, will prove to be eye-opening and educational to those who are seeking to more clearly understand the mind-boggling events that have been (and are) taking place on the national and international scenes.
Swiss National bank (Banque Nationale Suisse) agreed to sell half of all its Gold in 1998 under pressure from the Jewish groups....
Swiss National Bank sold its gold when its price was lowest in international markets in 2004.
Swiss National Bank bailed out Jewish UBS-Warburg (USA) with 60 billion CHF loan in 2008.
Swiss National bank borrowed money from Jewish-FEDERAL RESERVE at interest... thus compromising GREATLY its monetary independence while it could have just printed the money at no charge (& without the risk of inflation).
Swiss National bank makes a loss of 21 billion Swiss Francs in 2010 on currency exchange.
Swiss National Bank announces it will not be able to pay 2 billion CHF to Swiss Cantons annually anymore because of the loss of 21 billion CHF.
Some Jews have control of Swiss National Bank and the Swiss Federal council is utterly silent.... If it is not FULL control, it is incompetence for the least but i am among those silent people who think it is infiltration of Switzerland by JEWS and Zionist-JEWS only.
"Establish the FACTS (as above) and TRUTH will attend to itself"