Lost Soul
8th September 2011, 05:02
The Swiss tied their franc to the Euro. Dump it now! Gerald Celente mentions it in about 3:30 into this video: Link (http://www.youtube.com/watch?v=6h_DfitSPQY)
Max Keiser also talks about it: Link (http://www.youtube.com/watch?NR=1&v=8Q_WTeep1mg)
Dr. Paul Craig Roberts' view: Link (http://www.youtube.com/watch?v=fXi2nKaLzzQ&feature=related)
Watching from Cyprus
8th September 2011, 08:23
Hey There
Whats the point in dropping the CHF.. The CHF is now tied to the EUR exactly like the Danish Krone (DKK) so there will no longer be large volatility/fluctuations between EUR and CHF .
The Danish Krone has been trading between 7,42 - 7.46 since the EURO was launch, which actually means, that there is no difference for the Danes having their DKK or the EUR, except for the minor difference in the lending rates. As of this moment you can take it as Switzerland having accepted and taken the EURO into use. Only difference is they call it Swiss Francs, and their lending rates are lower than EUR, but wait and see, that will change.. Soon the Swiss Central Bank will increase the interest rates and when they do so AFTER locking the CHF to the EUR, they avoid further major increase of the CHF, which would have taken place if they did not lock the CHF to the EUR.
Love you all
Peter
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